Mission Creek Capital Partners Inc. Grows Position in Chevron Co. (NYSE:CVX)

Mission Creek Capital Partners Inc. increased its stake in Chevron Co. (NYSE:CVX - Free Report) by 60.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,495 shares of the oil and gas company's stock after acquiring an additional 19,466 shares during the period. Chevron comprises about 1.5% of Mission Creek Capital Partners Inc.'s holdings, making the stock its 15th largest holding. Mission Creek Capital Partners Inc.'s holdings in Chevron were worth $7,459,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Life Planning Partners Inc bought a new stake in shares of Chevron in the 4th quarter worth approximately $25,000. IMG Wealth Management Inc. bought a new stake in Chevron in the fourth quarter valued at $25,000. Mizuho Securities Co. Ltd. purchased a new position in Chevron during the 4th quarter valued at $29,000. Fairway Wealth LLC raised its holdings in Chevron by 75.9% in the 4th quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company's stock worth $30,000 after purchasing an additional 88 shares in the last quarter. Finally, New Wave Wealth Advisors LLC purchased a new stake in shares of Chevron in the 4th quarter worth about $39,000. 72.42% of the stock is currently owned by institutional investors.

Chevron Stock Performance

CVX stock traded down $3.22 during trading on Wednesday, reaching $136.08. The stock had a trading volume of 13,827,462 shares, compared to its average volume of 10,588,346. Chevron Co. has a 52 week low of $134.26 and a 52 week high of $140.18. The stock's 50 day moving average is $150.96 and its two-hundred day moving average is $152.82. 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 firm has a market cap of $239.58 billion, a PE ratio of 14.00, a PEG ratio of 1.46 and a beta of 0.93.

Chevron (NYSE:CVX - Get Free Report) last released its earnings results on Friday, January 31st. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts' consensus estimates 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 quarter in the previous year, the firm posted $3.45 EPS. As a group, equities analysts anticipate that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 5.03%. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Chevron's previous quarterly dividend of $1.63. Chevron's dividend payout ratio (DPR) is 70.37%.

Analysts Set New Price Targets

Several research firms recently weighed in on CVX. Truist Financial dropped their price target on Chevron from $164.00 to $160.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. Raymond James lowered their price target on shares of Chevron from $180.00 to $175.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. Barclays cut shares of Chevron from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $171.00 to $152.00 in a report on Wednesday, April 23rd. Royal Bank of Canada reissued an "outperform" rating and issued a $175.00 price target on shares of Chevron in a research report on Monday, February 3rd. Finally, BNP Paribas lowered Chevron to a "cautious" rating in a research report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Chevron currently has a consensus rating of "Hold" and a consensus target price of $166.06.

Insider Buying and Selling

In other news, VP Jeff B. Gustavson sold 9,325 shares of the business'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 owns 1,057 shares of the company's stock, valued at approximately $161,192.50. The trade was a 89.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is owned by insiders.

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.