Cambridge Investment Research Advisors Inc. Has $68.97 Million Stock Holdings in Chevron Co. (NYSE:CVX)

Cambridge Investment Research Advisors Inc. raised its holdings in shares of Chevron Co. (NYSE:CVX - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 476,163 shares of the oil and gas company's stock after purchasing an additional 11,290 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Chevron were worth $68,967,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Bridgeway Capital Management LLC boosted its stake in Chevron by 5.8% in the fourth quarter. Bridgeway Capital Management LLC now owns 128,262 shares of the oil and gas company's stock worth $18,578,000 after buying an additional 7,021 shares in the last quarter. Brooks Moore & Associates Inc. increased its position in Chevron by 0.5% during the 4th quarter. Brooks Moore & Associates Inc. now owns 32,857 shares of the oil and gas company's stock valued at $4,759,000 after buying an additional 169 shares in the last quarter. Blue Capital Inc. purchased a new stake in Chevron during the 4th quarter valued at about $690,000. Bulltick Wealth Management LLC bought a new stake in shares of Chevron during the fourth quarter valued at approximately $1,997,000. Finally, Cahill Financial Advisors Inc. raised its position in Chevron by 40.9% in the 4th quarter. Cahill Financial Advisors Inc. now owns 2,808 shares of the oil and gas company's stock worth $407,000 after buying an additional 815 shares during the last quarter. 72.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CVX shares. Scotiabank lowered shares of Chevron from a "sector outperform" rating to a "sector perform" rating and dropped their price target for the stock from $160.00 to $143.00 in a research report on Friday, April 11th. DZ Bank downgraded Chevron from a "buy" rating to a "sell" rating and set a $130.00 target price for the company. in a research report on Tuesday. UBS Group decreased their price objective on Chevron from $194.00 to $185.00 and set a "buy" rating for the company in a report on Monday, April 7th. BNP Paribas lowered Chevron to a "cautious" rating in a research report on Tuesday, April 15th. Finally, Truist Financial decreased their price objective on Chevron from $164.00 to $160.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $161.25.

Insider Activity

In other news, VP Jeff B. Gustavson sold 9,325 shares of the company's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $152.50, for a total value of $1,422,062.50. Following the transaction, the vice president now directly owns 1,057 shares of the company's stock, valued at approximately $161,192.50. This represents a 89.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is owned by company insiders.

Chevron Trading Up 0.1 %

CVX traded up $0.13 during trading on Wednesday, hitting $135.73. 8,420,168 shares of the company's stock were exchanged, compared to its average volume of 7,988,231. Chevron Co. has a 1 year low of $132.04 and a 1 year high of $168.96. The firm has a market cap of $238.97 billion, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 1.46 and a beta of 0.83. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average price of $148.49 and a 200 day moving average price of $152.23.

Chevron (NYSE:CVX - Get Free Report) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share for the quarter, topping analysts' consensus estimates of $2.15 by $0.03. The company had revenue of $47.61 billion for the quarter, compared to analysts' expectations of $49.05 billion. Chevron had a net margin of 8.71% and a return on equity of 11.44%. The firm's revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.93 earnings per share. As a group, analysts expect that Chevron Co. will post 10.79 EPS for the current fiscal year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be issued a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a dividend yield of 5.04%. The ex-dividend date of this dividend is Monday, May 19th. Chevron's dividend payout ratio is 78.17%.

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.