Vontobel Holding Ltd. Acquires 18,024 Shares of Chevron Co. (NYSE:CVX)

Vontobel Holding Ltd. grew its holdings in shares of Chevron Co. (NYSE:CVX - Free Report) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 276,400 shares of the oil and gas company's stock after purchasing an additional 18,024 shares during the period. Vontobel Holding Ltd.'s holdings in Chevron were worth $41,228,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CVX. Windsor Advisory Group LLC increased its holdings in shares of Chevron by 24.0% in the 3rd quarter. Windsor Advisory Group LLC now owns 3,720 shares of the oil and gas company's stock worth $627,000 after acquiring an additional 720 shares during the period. Renaissance Investment Group LLC grew its position in Chevron by 12.7% in the 4th quarter. Renaissance Investment Group LLC now owns 6,187 shares of the oil and gas company's stock valued at $923,000 after buying an additional 697 shares in the last quarter. Altrius Capital Management Inc grew its position in Chevron by 2.1% in the 3rd quarter. Altrius Capital Management Inc now owns 21,333 shares of the oil and gas company's stock valued at $3,597,000 after buying an additional 434 shares in the last quarter. Camelot Portfolios LLC bought a new position in Chevron in the 4th quarter valued at about $254,000. Finally, Strategic Financial Concepts LLC grew its position in Chevron by 9.0% in the 3rd quarter. Strategic Financial Concepts LLC now owns 5,775 shares of the oil and gas company's stock valued at $974,000 after buying an additional 476 shares in the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada increased their target price on shares of Chevron from $185.00 to $190.00 and gave the company an "outperform" rating in a research report on Monday, February 5th. Piper Sandler decreased 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. Scotiabank upgraded shares of Chevron from a "sector perform" rating to a "sector outperform" rating and increased their target price for the company from $170.00 to $195.00 in a research report on Thursday. Barclays initiated coverage on shares of Chevron in a research report on Wednesday, April 10th. They set an "overweight" rating and a $203.00 price objective for the company. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Chevron in a research report on Monday, April 1st. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $183.55.

Chevron Stock Down 0.9 %

Shares of NYSE CVX traded down $1.37 during mid-day trading on Monday, reaching $157.59. The company had a trading volume of 6,892,941 shares, compared to its average volume of 8,644,256. The stock has a fifty day moving average of $154.92 and a two-hundred day moving average of $152.01. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.27. The company has a market capitalization of $292.69 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 2.40 and a beta of 1.12. Chevron Co. has a 12-month low of $139.62 and a 12-month high of $172.54.

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.19 by $0.26. The firm had revenue of $47.18 billion for 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 company's revenue for the quarter was down 16.5% on a year-over-year basis. During the same quarter last year, the firm earned $4.09 earnings per share. As a group, equities research analysts expect that Chevron Co. will post 13.24 EPS for the current year.

Chevron Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.14%. 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 (DPR) is presently 57.39%.

Insider Activity at Chevron

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

About Chevron

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.