Chevron Co. (NYSE:CVX) Shares Purchased by Builder Investment Group Inc. ADV

Builder Investment Group Inc. ADV increased its holdings in shares of Chevron Co. (NYSE:CVXFree Report) by 1.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,912 shares of the oil and gas company’s stock after purchasing an additional 312 shares during the quarter. Chevron accounts for about 1.3% of Builder Investment Group Inc. ADV’s investment portfolio, making the stock its 25th largest holding. Builder Investment Group Inc. ADV’s holdings in Chevron were worth $3,567,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CVX. Addison Capital Co grew its stake in shares of Chevron by 1.9% in the 2nd quarter. Addison Capital Co now owns 3,339 shares of the oil and gas company’s stock valued at $525,000 after buying an additional 63 shares in the last quarter. NCM Capital Management LLC grew its stake in shares of Chevron by 1.2% in the 1st quarter. NCM Capital Management LLC now owns 5,570 shares of the oil and gas company’s stock valued at $909,000 after buying an additional 65 shares in the last quarter. Sweet Financial Partners LLC grew its stake in shares of Chevron by 0.7% in the 3rd quarter. Sweet Financial Partners LLC now owns 8,761 shares of the oil and gas company’s stock valued at $1,477,000 after buying an additional 65 shares in the last quarter. Strategic Investment Advisors MI grew its stake in shares of Chevron by 3.8% in the 3rd quarter. Strategic Investment Advisors MI now owns 1,758 shares of the oil and gas company’s stock valued at $296,000 after buying an additional 65 shares in the last quarter. Finally, Alera Investment Advisors LLC grew its stake in shares of Chevron by 1.0% in the 3rd quarter. Alera Investment Advisors LLC now owns 6,486 shares of the oil and gas company’s stock valued at $1,094,000 after buying an additional 67 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Stock Performance

Chevron stock opened at $159.82 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.27 and a quick ratio of 1.01. The stock has a fifty day moving average price of $152.56 and a two-hundred day moving average price of $152.41. Chevron Co. has a 52-week low of $139.62 and a 52-week high of $172.88. The firm has a market capitalization of $296.83 billion, a P/E ratio of 14.07, a P/E/G ratio of 2.42 and a beta of 1.12.

Chevron (NYSE:CVXGet Free Report) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $3.45 EPS 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 revenue for the quarter was down 16.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.09 earnings per share. As a group, analysts anticipate that Chevron Co. will post 13.13 EPS for the current fiscal year.

Chevron Increases Dividend

The firm also recently announced 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 4.08%. The ex-dividend date was Thursday, February 15th. This is a boost from Chevron’s previous quarterly dividend of $1.51. Chevron’s dividend payout ratio is presently 57.39%.

Analysts Set New Price Targets

Several brokerages recently commented on CVX. The Goldman Sachs Group reissued a “buy” rating on shares of Chevron in a research note on Monday. Jefferies Financial Group raised Chevron from a “hold” rating to a “buy” rating and set a $184.00 target price for the company in a research report on Monday, January 8th. UBS Group decreased their target price on Chevron from $194.00 to $185.00 and set a “buy” rating for the company in a research report on Thursday, December 14th. Piper Sandler decreased their target price on Chevron from $188.00 to $180.00 and set an “overweight” rating for the company in a research report on Thursday, March 14th. Finally, Scotiabank cut Chevron from a “sector outperform” rating to a “sector perform” rating and set a $170.00 target price for the company. in a research report on Tuesday, January 16th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $180.39.

Get Our Latest Stock Analysis on Chevron

About Chevron

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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