Round Rock Advisors LLC Buys 17,938 Shares of Chevron Co. (NYSE:CVX)

Round Rock Advisors LLC raised its stake in Chevron Co. (NYSE:CVX - Free Report) by 481.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,667 shares of the oil and gas company's stock after acquiring an additional 17,938 shares during the quarter. Chevron makes up approximately 0.8% of Round Rock Advisors LLC's investment portfolio, making the stock its 27th largest position. Round Rock Advisors LLC's holdings in Chevron were worth $3,232,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Chevron by 0.3% in the third quarter. Vanguard Group Inc. now owns 161,924,375 shares of the oil and gas company's stock valued at $27,303,688,000 after acquiring an additional 458,080 shares during the period. Morgan Stanley increased its position in shares of Chevron by 7.0% in the third quarter. Morgan Stanley now owns 34,166,899 shares of the oil and gas company's stock valued at $5,761,223,000 after buying an additional 2,244,995 shares in the last quarter. Moneta Group Investment Advisors LLC increased its position in shares of Chevron by 104,997.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 24,490,824 shares of the oil and gas company's stock valued at $4,395,858,000 after buying an additional 24,467,521 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Chevron by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 24,236,141 shares of the oil and gas company's stock valued at $4,059,834,000 after buying an additional 368,898 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Chevron by 2.6% in the third quarter. Northern Trust Corp now owns 22,705,118 shares of the oil and gas company's stock valued at $3,828,537,000 after buying an additional 569,850 shares in the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Alana K. Knowles sold 2,800 shares of the company's stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $160.09, for a total value of $448,252.00. Following the transaction, the vice president now owns 276 shares of the company's stock, valued at approximately $44,184.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

CVX has been the subject of a number of recent analyst reports. The Goldman Sachs Group restated a "buy" rating on shares of Chevron in a research report on Monday, April 1st. Mizuho boosted their price objective on Chevron from $195.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, March 20th. TD Cowen cut Chevron from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $170.00 to $150.00 in a research report on Tuesday, January 23rd. Royal Bank of Canada boosted their price objective on Chevron from $185.00 to $190.00 and gave the company an "outperform" rating in a research report on Monday, February 5th. Finally, DZ Bank cut Chevron from a "buy" rating to a "hold" rating and set a $160.00 price target for the company. in a research report on Tuesday, February 6th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $183.60.

Chevron Trading Down 1.8 %

NYSE:CVX traded down $2.93 during trading hours on Friday, hitting $158.96. The company had a trading volume of 11,066,888 shares, compared to its average volume of 8,664,576. The company has a current ratio of 1.27, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $154.79 and a 200 day moving average of $152.32. The company has a market cap of $295.23 billion, a P/E ratio of 14.29, a P/E/G ratio of 2.46 and a beta of 1.12. Chevron Co. has a 1 year low of $139.62 and a 1 year high of $172.88.

Chevron (NYSE:CVX - Get Free Report) last issued its earnings results on Friday, February 2nd. The oil and gas company reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.19 by $0.26. The company had revenue of $47.18 billion during the quarter, compared to analysts' expectations of $50.93 billion. Chevron had a return on equity of 15.24% and a net margin of 10.63%. The firm's quarterly revenue was down 16.5% on a year-over-year basis. During the same period in the prior year, the business earned $4.09 EPS. Sell-side analysts expect that Chevron Co. will post 13.24 earnings per share for the current year.

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend was Thursday, February 15th. This is a positive change from Chevron's previous quarterly dividend of $1.51. Chevron's dividend payout ratio is 57.39%.

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.