Roble Belko & Company Inc Buys 150 Shares of Chevron Co. (NYSE:CVX)

Roble Belko & Company Inc lifted its position in shares of Chevron Co. (NYSE:CVX) by 77.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 344 shares of the oil and gas company’s stock after acquiring an additional 150 shares during the period. Roble Belko & Company Inc’s holdings in Chevron were worth $51,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC lifted its holdings in shares of Chevron by 13.6% during the fourth quarter. Larson Financial Group LLC now owns 4,891 shares of the oil and gas company’s stock worth $730,000 after buying an additional 585 shares in the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of Chevron by 4.2% during the fourth quarter. Illinois Municipal Retirement Fund now owns 181,875 shares of the oil and gas company’s stock worth $27,128,000 after buying an additional 7,406 shares in the last quarter. PDS Planning Inc lifted its holdings in shares of Chevron by 12.2% during the fourth quarter. PDS Planning Inc now owns 7,947 shares of the oil and gas company’s stock worth $1,185,000 after buying an additional 861 shares in the last quarter. RWA Wealth Partners LLC lifted its holdings in shares of Chevron by 657.0% during the fourth quarter. RWA Wealth Partners LLC now owns 122,868 shares of the oil and gas company’s stock worth $18,327,000 after buying an additional 106,638 shares in the last quarter. Finally, Sage Mountain Advisors LLC lifted its holdings in shares of Chevron by 4.9% during the fourth quarter. Sage Mountain Advisors LLC now owns 8,748 shares of the oil and gas company’s stock worth $1,305,000 after buying an additional 408 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insider Activity at Chevron

In related news, VP Alana K. Knowles sold 2,800 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $160.09, for a total value of $448,252.00. Following the sale, the vice president now directly owns 276 shares in the company, valued at $44,184.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CVX shares. Truist Financial dropped their price target on Chevron from $168.00 to $156.00 and set a “hold” rating for the company in a research note on Friday, April 5th. Mizuho boosted their price target on Chevron from $195.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Scotiabank raised Chevron from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $170.00 to $195.00 in a research note on Thursday, April 11th. Raymond James boosted their price target on Chevron from $170.00 to $174.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Finally, Wells Fargo & Company boosted their price target on Chevron from $185.00 to $198.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Chevron has a consensus rating of “Moderate Buy” and an average price target of $184.75.

Chevron Trading Up 0.2 %

Shares of NYSE:CVX traded up $0.38 during midday trading on Tuesday, hitting $162.30. 2,257,383 shares of the stock were exchanged, compared to its average volume of 8,414,607. The stock has a market capitalization of $301.43 billion, a price-to-earnings ratio of 14.21, a P/E/G ratio of 2.36 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.27. The business’s 50-day moving average price is $155.63 and its 200 day moving average price is $151.66. Chevron Co. has a 12 month low of $139.62 and a 12 month high of $172.38.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.26. The company had revenue of $47.18 billion for the quarter, compared to analysts’ expectations of $50.93 billion. Chevron had a return on equity of 15.24% and a net margin of 10.63%. The business’s quarterly revenue was down 16.5% compared to the same quarter last year. During the same period in the previous year, the business posted $4.09 earnings per share. Analysts predict that Chevron Co. will post 13.58 earnings per share for the current year.

Chevron Increases Dividend

The company 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 is a boost from Chevron’s previous quarterly dividend of $1.51. This represents a $6.52 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend was Thursday, February 15th. Chevron’s payout ratio is 57.39%.

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.