Bolthouse Investments LLC Acquires Shares of 4,507 Chevron Co. (NYSE:CVX)

Bolthouse Investments LLC purchased a new position in shares of Chevron Co. (NYSE:CVX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,507 shares of the oil and gas company's stock, valued at approximately $653,000.

Other institutional investors also recently added to or reduced their stakes in the company. Life Planning Partners Inc purchased a new stake in shares of Chevron during the 4th quarter worth approximately $25,000. IMG Wealth Management Inc. purchased a new stake in shares of Chevron during the 4th quarter worth approximately $25,000. Mizuho Securities Co. Ltd. purchased a new stake in shares of Chevron during the 4th quarter worth approximately $29,000. Fairway Wealth LLC boosted 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 acquiring an additional 88 shares in the last quarter. Finally, New Wave Wealth Advisors LLC purchased a new stake in shares of Chevron during the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 72.42% of the company's stock.

Insiders Place Their Bets

In other news, VP Jeff B. Gustavson sold 9,325 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was 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 directly owns 1,057 shares in the company, valued at $161,192.50. This trade represents a 89.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is owned by company insiders.

Chevron Trading Down 3.1 %

Shares of NYSE:CVX traded down $4.30 during trading on Wednesday, reaching $135.00. 6,962,369 shares of the stock were exchanged, compared to its average volume of 8,872,309. Chevron Co. has a 12-month low of $132.04 and a 12-month high of $168.96. The firm's 50-day moving average price is $150.96 and its 200 day moving average price is $152.82. The firm has a market cap of $237.68 billion, a price-to-earnings ratio of 13.89, a price-to-earnings-growth ratio of 1.46 and a beta of 0.93. 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 - Get Free Report) last announced its quarterly earnings results 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 net margin of 8.71% and a return on equity of 11.44%. During the same period last year, the company earned $3.45 earnings per share. On average, sell-side analysts anticipate that Chevron Co. will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a dividend of $1.71 per share. The ex-dividend date of this dividend was Friday, February 14th. 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 5.07%. Chevron's payout ratio is 70.37%.

Analysts Set New Price Targets

CVX has been the subject of several research reports. Wells Fargo & Company cut their price objective on Chevron from $184.00 to $173.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. BNP Paribas downgraded Chevron to a "cautious" rating in a research report on Tuesday, April 15th. Royal Bank of Canada restated an "outperform" rating and set a $175.00 price objective on shares of Chevron in a research report on Monday, February 3rd. Scotiabank downgraded Chevron from a "sector outperform" rating to a "sector perform" rating and cut their price objective for the stock from $160.00 to $143.00 in a research report on Friday, April 11th. Finally, Raymond James cut their price objective on Chevron from $180.00 to $175.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $166.06.

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.