10,000 Shares in Chevron Co. (NYSE:CVX) Acquired by RBF Capital LLC

RBF Capital LLC acquired a new position in shares of Chevron Co. (NYSE:CVX - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 10,000 shares of the oil and gas company's stock, valued at approximately $1,448,000.

Other hedge funds also recently added to or reduced their stakes in the company. Life Planning Partners Inc purchased a new position in shares of Chevron during the 4th quarter worth approximately $25,000. IMG Wealth Management Inc. purchased a new position in shares of Chevron during the 4th quarter worth approximately $25,000. Mizuho Securities Co. Ltd. purchased a new position in shares of Chevron during the 4th quarter worth approximately $29,000. Fairway Wealth LLC raised its stake in shares of Chevron by 75.9% during the 4th quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company's stock worth $30,000 after buying an additional 88 shares in the last quarter. Finally, New Wave Wealth Advisors LLC purchased a new position in shares of Chevron during the 4th quarter worth approximately $39,000. 72.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company cut their target price on Chevron from $184.00 to $173.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. UBS Group dropped their price objective on Chevron from $194.00 to $185.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $175.00 price objective on shares of Chevron in a research note on Monday, February 3rd. Scotiabank downgraded Chevron from a "sector outperform" rating to a "sector perform" rating and dropped their price objective for the company from $160.00 to $143.00 in a research note on Friday, April 11th. Finally, Raymond James dropped their price objective on Chevron from $180.00 to $175.00 and set an "outperform" rating for the company in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Chevron presently has an average rating of "Hold" and a consensus price target of $165.71.

Insider Transactions at Chevron

In related news, VP Jeff B. Gustavson sold 9,325 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $152.50, for a total transaction of $1,422,062.50. Following the completion of the sale, the vice president now owns 1,057 shares of the company's stock, valued at approximately $161,192.50. This represents a 89.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.20% of the company's stock.

Chevron Trading Down 0.3 %

Shares of CVX stock traded down $0.38 during mid-day trading on Friday, hitting $138.69. 6,875,984 shares of the company's stock were exchanged, compared to its average volume of 7,938,328. Chevron Co. has a fifty-two week low of $132.04 and a fifty-two week high of $168.96. The stock has a 50-day simple moving average of $151.70 and a two-hundred day simple moving average of $152.99. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. The stock has a market cap of $244.18 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 1.46 and a beta of 0.93.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $2.06 earnings per share (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 period last year, the firm posted $3.45 EPS. Equities analysts expect that Chevron Co. will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a dividend of $1.71 per share. This is a boost from Chevron's previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Friday, February 14th. This represents a $6.84 annualized dividend and a dividend yield of 4.93%. Chevron's dividend payout ratio (DPR) is 70.37%.

Chevron Company 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.