Chevron Co. (NYSE:CVX) Shares Purchased by Benedict Financial Advisors Inc.

Benedict Financial Advisors Inc. boosted its holdings in Chevron Co. (NYSE:CVX) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,493 shares of the oil and gas company’s stock after acquiring an additional 142 shares during the quarter. Benedict Financial Advisors Inc.’s holdings in Chevron were worth $3,982,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Watts Gwilliam & Co. LLC acquired a new position in Chevron in the third quarter worth approximately $600,000. Private Advisory Group LLC bought a new stake in shares of Chevron during the 3rd quarter worth $247,000. Ferguson Shapiro LLC grew its holdings in shares of Chevron by 9.9% in the 3rd quarter. Ferguson Shapiro LLC now owns 2,972 shares of the oil and gas company’s stock worth $438,000 after acquiring an additional 268 shares during the last quarter. Walker Financial Services Inc. raised its position in shares of Chevron by 11.6% during the third quarter. Walker Financial Services Inc. now owns 2,053 shares of the oil and gas company’s stock worth $302,000 after purchasing an additional 213 shares during the period. Finally, Juncture Wealth Strategies LLC lifted its holdings in shares of Chevron by 42.8% during the third quarter. Juncture Wealth Strategies LLC now owns 2,503 shares of the oil and gas company’s stock valued at $369,000 after purchasing an additional 750 shares during the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Chevron

In related news, CEO Michael K. Wirth sold 164,600 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $160.13, for a total value of $26,357,398.00. Following the completion of the sale, the chief executive officer now directly owns 4,280 shares in the company, valued at approximately $685,356.40. The trade was a 97.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Piper Sandler cut their price objective on Chevron from $184.00 to $173.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Wells Fargo & Company cut their price target on shares of Chevron from $188.00 to $184.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Citigroup raised shares of Chevron from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $145.00 to $185.00 in a research note on Tuesday, November 26th. Truist Financial cut their target price on shares of Chevron from $164.00 to $160.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. Finally, DZ Bank raised Chevron from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a research report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Chevron presently has an average rating of “Moderate Buy” and an average target price of $174.13.

Chevron Trading Up 0.4 %

Shares of NYSE CVX opened at $152.54 on Friday. The business has a 50 day simple moving average of $152.21 and a 200 day simple moving average of $150.88. Chevron Co. has a 52 week low of $135.37 and a 52 week high of $167.11. The stock has a market cap of $274.13 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 1.39 and a beta of 1.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07.

Chevron (NYSE:CVX) last posted its earnings results on Friday, January 31st. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.42 by ($0.36). Chevron had a return on equity of 11.44% and a net margin of 8.71%. During the same quarter in the prior year, the company earned $3.45 earnings per share. On average, research analysts predict that Chevron Co. will post 10.84 earnings per share for the current fiscal year.

Chevron Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be issued a dividend of $1.71 per share. This is a positive change from Chevron’s previous quarterly dividend of $1.63. This represents a $6.84 annualized dividend and a yield of 4.48%. The ex-dividend date is Friday, February 14th. Chevron’s dividend payout ratio (DPR) is 67.08%.

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.