Chevron Co. (NYSE:CVX) Shares Bought by AM Investment Strategies LLC

AM Investment Strategies LLC increased its holdings in Chevron Co. (NYSE:CVX) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,441 shares of the oil and gas company’s stock after buying an additional 399 shares during the quarter. AM Investment Strategies LLC’s holdings in Chevron were worth $961,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Jackson Hole Capital Partners LLC increased its holdings in Chevron by 9.8% in the 4th quarter. Jackson Hole Capital Partners LLC now owns 13,208 shares of the oil and gas company’s stock worth $1,970,000 after buying an additional 1,177 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of Chevron by 1.8% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 440,861 shares of the oil and gas company’s stock worth $65,759,000 after purchasing an additional 7,824 shares during the period. Syon Capital LLC grew its stake in shares of Chevron by 18.8% during the 4th quarter. Syon Capital LLC now owns 21,474 shares of the oil and gas company’s stock worth $3,203,000 after purchasing an additional 3,402 shares during the period. Meritage Portfolio Management grew its stake in shares of Chevron by 7.8% during the 4th quarter. Meritage Portfolio Management now owns 27,838 shares of the oil and gas company’s stock worth $4,152,000 after purchasing an additional 2,003 shares during the period. Finally, Lyell Wealth Management LP grew its stake in shares of Chevron by 1.8% during the 4th quarter. Lyell Wealth Management LP now owns 52,411 shares of the oil and gas company’s stock worth $7,818,000 after purchasing an additional 920 shares during the period. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insider Transactions at Chevron

In other news, VP Alana K. Knowles sold 2,800 shares of Chevron stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $160.09, for a total transaction of $448,252.00. Following the transaction, the vice president now owns 276 shares in the company, valued at approximately $44,184.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.18% of the company’s stock.

Chevron Price Performance

CVX stock traded up $1.70 during midday trading on Thursday, reaching $165.27. The stock had a trading volume of 9,694,216 shares, compared to its average volume of 8,464,199. The company’s fifty day simple moving average is $156.35 and its 200 day simple moving average is $151.84. The company has a current ratio of 1.27, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company has a market cap of $306.95 billion, a price-to-earnings ratio of 14.55, a price-to-earnings-growth ratio of 2.40 and a beta of 1.12. Chevron Co. has a 52-week low of $139.62 and a 52-week high of $171.70.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.19 by $0.26. The company had revenue of $47.18 billion for the quarter, compared to analyst estimates of $50.93 billion. Chevron had a return on equity of 15.24% and a net margin of 10.63%. The firm’s revenue for the quarter was down 16.5% on a year-over-year basis. During the same quarter last year, the firm posted $4.09 EPS. As a group, sell-side analysts predict that Chevron Co. will post 13.58 earnings per share for the current fiscal year.

Chevron Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend was Thursday, February 15th. This is a positive change from Chevron’s previous quarterly dividend of $1.51. Chevron’s payout ratio is currently 57.39%.

Analyst Upgrades and Downgrades

CVX has been the topic of a number of analyst reports. Raymond James raised their price objective on shares of Chevron from $170.00 to $174.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. TD Cowen cut shares of Chevron from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $170.00 to $150.00 in a research note on Tuesday, January 23rd. Scotiabank raised shares of Chevron from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $170.00 to $195.00 in a research note on Thursday, April 11th. Mizuho raised their price objective on shares of Chevron from $195.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Finally, Wells Fargo & Company increased their target price on Chevron from $185.00 to $198.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Chevron currently has an average rating of “Moderate Buy” and a consensus target price of $184.75.

Chevron Profile

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.