Tanager Wealth Management LLP grew its position in shares of Chevron Co. (NYSE:CVX – Free Report) by 1.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 5,295 shares of the oil and gas company’s stock after purchasing an additional 86 shares during the quarter. Tanager Wealth Management LLP’s holdings in Chevron were worth $790,000 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 CVX. Picton Mahoney Asset Management acquired a new stake in shares of Chevron during the 3rd quarter valued at $26,000. Valley Forge Investment Consultants Inc. ADV raised its position in shares of Chevron by 80.0% during the third quarter. Valley Forge Investment Consultants Inc. ADV now owns 180 shares of the oil and gas company’s stock worth $30,000 after purchasing an additional 80 shares during the period. Valued Wealth Advisors LLC purchased a new stake in shares of Chevron during the fourth quarter valued at $33,000. Worth Asset Management LLC acquired a new position in shares of Chevron in the 1st quarter valued at $36,000. Finally, Legacy Financial Group LLC purchased a new position in Chevron in the 3rd quarter worth about $43,000. Institutional investors own 72.42% of the company’s stock.
Insider Activity at Chevron
In other news, VP Alana K. Knowles sold 2,800 shares of Chevron stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $160.09, for a total transaction of $448,252.00. Following the sale, the vice president now owns 276 shares of the company’s stock, valued at approximately $44,184.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.18% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on Chevron
Chevron Stock Performance
NYSE:CVX traded up $2.43 during mid-day trading on Friday, hitting $160.00. 7,592,840 shares of the company’s stock traded hands, compared to its average volume of 8,519,150. The firm has a market capitalization of $297.16 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 2.36 and a beta of 1.12. The firm has a 50 day moving average of $155.26 and a two-hundred day moving average of $151.90. The company has a current ratio of 1.27, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Chevron Co. has a 12 month low of $139.62 and a 12 month high of $172.38.
Chevron (NYSE:CVX – Get Free Report) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.19 by $0.26. Chevron had a return on equity of 15.24% and a net margin of 10.63%. The company had revenue of $47.18 billion during the quarter, compared to analysts’ expectations of $50.93 billion. During the same period in the prior year, the business earned $4.09 earnings per share. Chevron’s revenue for the quarter was down 16.5% compared to the same quarter last year. On average, equities analysts forecast that Chevron Co. will post 13.27 earnings per share for the current fiscal year.
Chevron Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were given a dividend of $1.63 per share. The ex-dividend date was Thursday, February 15th. This is an increase from Chevron’s previous quarterly dividend of $1.51. This represents a $6.52 dividend on an annualized basis and a yield of 4.08%. Chevron’s dividend payout ratio (DPR) is 57.39%.
About Chevron
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.
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