Financial Architects Inc raised its stake in Chevron Co. (NYSE:CVX) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,024 shares of the oil and gas company’s stock after purchasing an additional 197 shares during the period. Financial Architects Inc’s holdings in Chevron were worth $1,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. CKW Financial Group raised its position in shares of Chevron by 123.5% during the 4th quarter. CKW Financial Group now owns 362 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 200 shares in the last quarter. Highwater Wealth Management LLC acquired a new stake in shares of Chevron during the 4th quarter worth about $51,000. Ironwood Financial llc raised its position in shares of Chevron by 94.2% during the 4th quarter. Ironwood Financial llc now owns 538 shares of the oil and gas company’s stock worth $59,000 after acquiring an additional 261 shares in the last quarter. Tributary Capital Management LLC acquired a new stake in shares of Chevron during the 4th quarter worth about $84,000. Finally, Arlington Partners LLC raised its position in shares of Chevron by 237.2% during the 4th quarter. Arlington Partners LLC now owns 853 shares of the oil and gas company’s stock worth $93,000 after acquiring an additional 600 shares in the last quarter. 65.90% of the stock is currently owned by institutional investors.

In other Chevron news, insider James William Johnson sold 4,750 shares of Chevron stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $124.84, for a total value of $592,990.00. Following the transaction, the insider now directly owns 4,750 shares in the company, valued at approximately $592,990. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Enrique Hernandez, Jr. sold 4,200 shares of Chevron stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $122.13, for a total value of $512,946.00. Following the completion of the transaction, the director now owns 15,689 shares in the company, valued at $1,916,097.57. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,700 shares of company stock worth $1,702,536. 0.31% of the stock is currently owned by corporate insiders.

CVX has been the topic of several research analyst reports. Credit Suisse Group reissued a “buy” rating and set a $130.00 target price on shares of Chevron in a research report on Wednesday, January 23rd. Zacks Investment Research raised Chevron from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Cowen reissued an “outperform” rating and set a $140.00 target price (down previously from $160.00) on shares of Chevron in a research report on Thursday, February 28th. Tudor Pickering initiated coverage on Chevron in a research report on Friday, March 1st. They set a “buy” rating and a $133.00 target price on the stock. Finally, Mizuho reissued a “buy” rating and set a $140.00 target price on shares of Chevron in a research report on Wednesday, March 6th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $135.42.

CVX opened at $120.57 on Thursday. The company has a market cap of $230.28 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 2.58 and a beta of 1.00. Chevron Co. has a 52 week low of $100.22 and a 52 week high of $128.79. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.17.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.26 by $0.13. The company had revenue of $35.20 billion for the quarter, compared to analyst estimates of $38.42 billion. Chevron had a return on equity of 9.07% and a net margin of 8.45%. The firm’s revenue was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.90 earnings per share. Equities analysts predict that Chevron Co. will post 7.52 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 17th will be given a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend is Thursday, May 16th. Chevron’s dividend payout ratio (DPR) is 57.70%.

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Chevron Company Profile

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

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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