Chevron Co. (NYSE:CVX) Shares Bought by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV grew its stake in Chevron Co. (NYSE:CVX) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,096 shares of the oil and gas company’s stock after buying an additional 1,500 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Chevron were worth $4,638,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Johnson Financial Group Inc. raised its holdings in shares of Chevron by 60.1% in the fourth quarter. Johnson Financial Group Inc. now owns 13,475 shares of the oil and gas company’s stock worth $2,010,000 after buying an additional 5,061 shares during the last quarter. Founders Financial Alliance LLC raised its holdings in shares of Chevron by 0.9% during the fourth quarter. Founders Financial Alliance LLC now owns 17,151 shares of the oil and gas company’s stock worth $2,558,000 after purchasing an additional 161 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Chevron by 4.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 843,275 shares of the oil and gas company’s stock worth $125,783,000 after purchasing an additional 33,216 shares during the last quarter. Nixon Peabody Trust Co. raised its holdings in shares of Chevron by 412.5% during the fourth quarter. Nixon Peabody Trust Co. now owns 68,232 shares of the oil and gas company’s stock worth $10,177,000 after purchasing an additional 54,918 shares during the last quarter. Finally, Skopos Labs Inc. purchased a new position in shares of Chevron during the fourth quarter worth $777,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Chevron from $198.00 to $206.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Royal Bank of Canada raised their price target on shares of Chevron from $185.00 to $190.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. Mizuho raised their price target on shares of Chevron from $200.00 to $205.00 and gave the company a “buy” rating in a research report on Monday, May 13th. TD Cowen raised their price target on shares of Chevron from $155.00 to $160.00 and gave the company a “hold” rating in a research report on Monday, April 29th. Finally, Scotiabank upgraded shares of Chevron from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $170.00 to $195.00 in a research report on Thursday, April 11th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Chevron currently has an average rating of “Moderate Buy” and an average target price of $186.10.

Chevron Trading Up 0.5 %

Shares of Chevron stock traded up $0.81 on Friday, reaching $157.75. The company had a trading volume of 4,477,720 shares, compared to its average volume of 7,033,828. The firm’s 50 day moving average price is $160.22 and its two-hundred day moving average price is $152.54. The firm has a market cap of $290.73 billion, a PE ratio of 14.51, a PEG ratio of 2.32 and a beta of 1.11. Chevron Co. has a 52-week low of $139.62 and a 52-week high of $171.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.93 and a current ratio of 1.23.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.09. The business had revenue of $48.72 billion for the quarter, compared to the consensus estimate of $48.42 billion. Chevron had a net margin of 10.21% and a return on equity of 14.40%. The business’s revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.55 EPS. Sell-side analysts predict that Chevron Co. will post 13.57 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.13%. The ex-dividend date is Thursday, May 16th. Chevron’s payout ratio is currently 59.98%.

Insider Buying and Selling

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 shares were sold at an average price of $160.09, for a total transaction of $448,252.00. Following the sale, the vice president now directly owns 276 shares of the company’s stock, valued at approximately $44,184.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Enrique Hernandez, Jr. sold 5,098 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $163.50, for a total value of $833,523.00. Following the completion of the sale, the director now owns 2,549 shares in the company, valued at approximately $416,761.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Alana K. Knowles sold 2,800 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $160.09, for a total transaction of $448,252.00. Following the completion of the sale, the vice president now owns 276 shares of the company’s stock, valued at approximately $44,184.84. The disclosure for this sale can be found here. Insiders have sold a total of 19,546 shares of company stock valued at $3,176,223 in the last ninety days. Company insiders own 0.20% of the company’s stock.

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.