106,100 Shares in Chevron Co. (NYSE:CVX) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new stake in Chevron Co. (NYSE:CVX - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 106,100 shares of the oil and gas company's stock, valued at approximately $15,826,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. WCM Investment Management LLC acquired a new position in shares of Chevron during the 4th quarter valued at $258,000. Northstar Asset Management LLC lifted its holdings in Chevron by 0.6% in the 4th quarter. Northstar Asset Management LLC now owns 17,288 shares of the oil and gas company's stock worth $2,579,000 after buying an additional 100 shares in the last quarter. Byrne Asset Management LLC lifted its holdings in Chevron by 369.4% in the 4th quarter. Byrne Asset Management LLC now owns 399 shares of the oil and gas company's stock worth $61,000 after buying an additional 314 shares in the last quarter. YHB Investment Advisors Inc. lifted its holdings in Chevron by 33.1% in the 4th quarter. YHB Investment Advisors Inc. now owns 30,542 shares of the oil and gas company's stock worth $4,556,000 after buying an additional 7,589 shares in the last quarter. Finally, Saxony Capital Management LLC acquired a new position in Chevron in the 4th quarter worth $596,000. Institutional investors and hedge funds own 72.42% of the company's stock.

Insider Activity at Chevron

In related news, VP Alana K. Knowles sold 2,800 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $160.09, for a total transaction of $448,252.00. Following the completion of the sale, the vice president now directly owns 276 shares of the company's stock, valued at $44,184.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.18% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. The Goldman Sachs Group reiterated a "buy" rating on shares of Chevron in a report on Monday, April 1st. Mizuho boosted their target price on shares of Chevron from $195.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, March 20th. UBS Group boosted their target price on shares of Chevron from $185.00 to $197.00 and gave the stock a "buy" rating in a research report on Tuesday, April 9th. Piper Sandler dropped their target price on shares of Chevron from $188.00 to $180.00 and set an "overweight" rating for the company in a research report on Thursday, March 14th. Finally, Royal Bank of Canada boosted their target price on shares of Chevron from $185.00 to $190.00 and gave the stock an "outperform" rating in a research report on Monday, February 5th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Chevron presently has a consensus rating of "Moderate Buy" and a consensus price target of $183.60.

Chevron Price Performance

Shares of NYSE:CVX traded down $2.93 during trading on Friday, reaching $158.96. The company had a trading volume of 11,071,045 shares, compared to its average volume of 7,741,852. The firm's fifty day moving average is $154.92 and its 200 day moving average is $152.01. The firm has a market capitalization of $295.23 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 2.40 and a beta of 1.12. Chevron Co. has a twelve month low of $139.62 and a twelve month high of $172.88. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.27.

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

Chevron Increases Dividend

The business 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 is a positive change from Chevron's previous quarterly dividend of $1.51. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend was Thursday, February 15th. Chevron's dividend payout ratio is currently 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.