Chevron Co. (NYSE:CVX) Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its position in Chevron Co. (NYSE:CVX - Free Report) by 27.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,897,183 shares of the oil and gas company's stock after acquiring an additional 835,990 shares during the quarter. Janus Henderson Group PLC owned 0.22% of Chevron worth $564,503,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Regent Peak Wealth Advisors LLC increased its position in shares of Chevron by 4.3% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 4,117 shares of the oil and gas company's stock worth $596,000 after acquiring an additional 168 shares in the last quarter. ST Germain D J Co. Inc. grew its stake in shares of Chevron by 49.5% in the fourth quarter. ST Germain D J Co. Inc. now owns 20,607 shares of the oil and gas company's stock valued at $2,985,000 after buying an additional 6,822 shares in the last quarter. Czech National Bank grew its stake in shares of Chevron by 4.6% in the fourth quarter. Czech National Bank now owns 362,358 shares of the oil and gas company's stock valued at $52,484,000 after buying an additional 15,868 shares in the last quarter. Aprio Wealth Management LLC raised its holdings in shares of Chevron by 10.9% during the 4th quarter. Aprio Wealth Management LLC now owns 5,047 shares of the oil and gas company's stock valued at $731,000 after buying an additional 495 shares during the period. Finally, Matrix Trust Co lifted its position in Chevron by 3.0% during the 4th quarter. Matrix Trust Co now owns 8,453 shares of the oil and gas company's stock worth $1,224,000 after acquiring an additional 248 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CVX shares. Wells Fargo & Company dropped their price objective on shares of Chevron from $173.00 to $164.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $175.00 price target on shares of Chevron in a research note on Monday, February 3rd. UBS Group decreased their price objective on shares of Chevron from $194.00 to $185.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Truist Financial lowered their price objective on Chevron from $164.00 to $160.00 and set a "hold" rating for the company in a research note on Tuesday, February 4th. Finally, Barclays lowered Chevron from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $171.00 to $152.00 in a research report on Wednesday, April 23rd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Chevron has an average rating of "Hold" and an average target price of $161.25.

Chevron Trading Up 1.1 %

NYSE CVX opened at $138.52 on Friday. 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 Co. has a one year low of $132.04 and a one year high of $168.96. The company has a 50-day simple moving average of $147.91 and a 200-day simple moving average of $152.06. The firm has a market capitalization of $243.88 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 1.46 and a beta of 0.83.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly 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 business had revenue of $47.61 billion for the quarter, compared to analysts' expectations of $49.05 billion. Chevron had a return on equity of 11.44% and a net margin of 8.71%. The business's quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.93 EPS. On average, equities analysts forecast that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be given a dividend of $1.71 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.84 annualized dividend and a dividend yield of 4.94%. Chevron's dividend payout ratio is currently 78.17%.

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.

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