Chevron Co. (NYSE:CVX) Shares Bought by TCG Advisory Services LLC

TCG Advisory Services LLC grew its holdings in Chevron Co. (NYSE:CVX) by 47.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 53,252 shares of the oil and gas company’s stock after acquiring an additional 17,091 shares during the quarter. TCG Advisory Services LLC’s holdings in Chevron were worth $7,943,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Forte Capital LLC ADV grew its position in Chevron by 1.4% during the 4th quarter. Forte Capital LLC ADV now owns 6,181 shares of the oil and gas company’s stock worth $922,000 after purchasing an additional 87 shares during the last quarter. Vestmark Advisory Solutions Inc. grew its holdings in shares of Chevron by 2.1% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 38,054 shares of the oil and gas company’s stock valued at $5,676,000 after buying an additional 777 shares during the last quarter. Royal Fund Management LLC increased its position in shares of Chevron by 9.7% in the 4th quarter. Royal Fund Management LLC now owns 6,373 shares of the oil and gas company’s stock valued at $950,000 after acquiring an additional 562 shares during the period. AJOVista LLC purchased a new position in Chevron in the 4th quarter worth $235,000. Finally, Knuff & Co LLC lifted its position in Chevron by 2.5% during the 4th quarter. Knuff & Co LLC now owns 12,759 shares of the oil and gas company’s stock worth $1,903,000 after acquiring an additional 310 shares during the period. Hedge funds and other 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 the firm’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $165.00, for a total value of $462,000.00. Following the transaction, the vice president now directly owns 276 shares of the company’s stock, valued at $45,540. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. The Goldman Sachs Group restated a “buy” rating on shares of Chevron in a research note on Monday, April 1st. Barclays began coverage on shares of Chevron in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $203.00 price objective on the stock. Truist Financial decreased their target price on shares of Chevron from $168.00 to $156.00 and set a “hold” rating for the company in a research report on Friday, April 5th. UBS Group increased their price target on Chevron from $185.00 to $197.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Finally, TD Cowen boosted their price objective on Chevron from $155.00 to $160.00 and gave the company a “hold” rating in a report on Monday, April 29th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $185.35.

Chevron Price Performance

Shares of NYSE CVX traded down $0.48 during trading on Friday, hitting $160.25. The company had a trading volume of 11,664,505 shares, compared to its average volume of 7,516,580. The firm has a market capitalization of $297.63 billion, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 2.37 and a beta of 1.11. The stock has a fifty day simple moving average of $157.26 and a two-hundred day simple moving average of $151.76. The company has a quick ratio of 1.01, a current ratio of 1.27 and a debt-to-equity ratio of 0.13. Chevron Co. has a fifty-two week low of $139.62 and a fifty-two week high of $171.70.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.09. Chevron had a return on equity of 14.38% and a net margin of 10.21%. The company had revenue of $48.72 billion for the quarter, compared to analysts’ expectations of $48.42 billion. During the same period in the previous year, the firm posted $3.55 EPS. Chevron’s revenue was down 4.1% compared to the same quarter last year. On average, research analysts expect that Chevron Co. will post 13.53 earnings per share for the current year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.07%. The ex-dividend date is Thursday, May 16th. Chevron’s payout ratio is 59.98%.

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.