Chevron Co. (NYSE:CVX) Shares Acquired by PFG Investments LLC

PFG Investments LLC lifted its position in shares of Chevron Co. (NYSE:CVX - Free Report) by 221.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,830 shares of the oil and gas company's stock after purchasing an additional 26,753 shares during the period. PFG Investments LLC's holdings in Chevron were worth $6,125,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Traynor Capital Management Inc. increased its position in Chevron by 4.6% in the 3rd quarter. Traynor Capital Management Inc. now owns 12,608 shares of the oil and gas company's stock valued at $2,126,000 after acquiring an additional 554 shares during the period. Essex LLC purchased a new stake in Chevron in the 3rd quarter valued at approximately $574,000. Capital Investment Advisors LLC boosted its holdings in Chevron by 4.6% in the 3rd quarter. Capital Investment Advisors LLC now owns 272,666 shares of the oil and gas company's stock valued at $45,977,000 after purchasing an additional 12,043 shares in the last quarter. Howard Capital Management Group LLC boosted its holdings in Chevron by 5.8% in the 3rd quarter. Howard Capital Management Group LLC now owns 4,314 shares of the oil and gas company's stock valued at $727,000 after purchasing an additional 236 shares in the last quarter. Finally, Applied Capital LLC purchased a new stake in Chevron in the 3rd quarter valued at approximately $206,000. Institutional investors and hedge funds own 72.42% of the company's stock.

Chevron Trading Up 0.4 %

Shares of CVX stock traded up $0.61 on Friday, reaching $165.89. 9,736,350 shares of the stock were exchanged, compared to its average volume of 7,082,480. The stock has a market cap of $308.10 billion, a P/E ratio of 14.60, a price-to-earnings-growth ratio of 2.43 and a beta of 1.12. The company has a quick ratio of 1.01, a current ratio of 1.27 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average of $156.58 and a two-hundred day moving average of $151.73. Chevron Co. has a 1-year low of $139.62 and a 1-year high of $171.70.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share for the quarter, topping analysts' consensus estimates of $2.84 by $0.09. Chevron had a net margin of 10.63% and a return on equity of 15.24%. The firm had revenue of $48.72 billion during the quarter, compared to analysts' expectations of $48.42 billion. During the same period in the prior year, the company earned $3.55 EPS. The firm's revenue was down 4.1% on a year-over-year basis. On average, research analysts anticipate that Chevron Co. will post 13.58 EPS for the current year.

Chevron Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 17th will be given a $1.63 dividend. The ex-dividend date is Thursday, May 16th. This represents a $6.52 dividend on an annualized basis and a yield of 3.93%. Chevron's payout ratio is currently 57.39%.

Insider Buying and Selling at Chevron

In other Chevron news, VP Alana K. Knowles sold 2,800 shares of the company's stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $160.09, for a total value of $448,252.00. Following the completion of the transaction, the vice president now directly owns 276 shares of the company's stock, valued at approximately $44,184.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on CVX. Piper Sandler lifted their price objective on Chevron from $180.00 to $204.00 and gave the company an "overweight" rating in a report on Thursday, April 18th. Jefferies Financial Group raised Chevron from a "hold" rating to a "buy" rating and set a $184.00 price target on the stock in a research note on Monday, January 8th. UBS Group boosted their price target on Chevron from $185.00 to $197.00 and gave the stock a "buy" rating in a research note on Tuesday, April 9th. Raymond James boosted their price target on Chevron from $170.00 to $174.00 and gave the stock an "outperform" rating in a research note on Monday, April 15th. Finally, DZ Bank lowered Chevron from a "buy" rating to a "hold" rating and set a $160.00 price target on the stock. in a research note on Tuesday, February 6th. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $184.75.

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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