Chevron Co. (NYSE:CVX) Stock Holdings Boosted by Staley Capital Advisers Inc.

Staley Capital Advisers Inc. grew its holdings in Chevron Co. (NYSE:CVX) by 0.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 403,504 shares of the oil and gas company’s stock after acquiring an additional 930 shares during the period. Chevron comprises approximately 3.0% of Staley Capital Advisers Inc.’s holdings, making the stock its 10th biggest holding. Staley Capital Advisers Inc.’s holdings in Chevron were worth $63,649,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. American Capital Advisory LLC increased its stake in Chevron by 403.2% during the 1st quarter. American Capital Advisory LLC now owns 156 shares of the oil and gas company’s stock worth $25,000 after buying an additional 125 shares during the period. Bare Financial Services Inc purchased a new stake in Chevron during the 4th quarter worth $27,000. Frank Rimerman Advisors LLC purchased a new stake in Chevron during the 4th quarter worth $30,000. Valued Wealth Advisors LLC purchased a new stake in Chevron during the 4th quarter worth $33,000. Finally, Cooksen Wealth LLC purchased a new stake in Chevron during the 4th quarter worth $40,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Chevron Stock Performance

NYSE:CVX traded down $0.22 during mid-day trading on Friday, hitting $155.04. The stock had a trading volume of 1,443,185 shares, compared to its average volume of 7,893,869. The stock has a market capitalization of $285.73 billion, a price-to-earnings ratio of 14.25, a P/E/G ratio of 2.35 and a beta of 1.10. The company has a 50 day simple moving average of $157.85 and a 200-day simple moving average of $155.03. Chevron Co. has a 52 week low of $139.62 and a 52 week high of $171.70. The company has a current ratio of 1.23, a quick ratio of 0.93 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.09. Chevron had a net margin of 10.21% and a return on equity of 14.40%. The company had revenue of $48.72 billion for the quarter, compared to the consensus estimate of $48.42 billion. During the same period in the previous year, the firm earned $3.55 EPS. Chevron’s revenue was down 4.1% on a year-over-year basis. On average, research analysts expect that Chevron Co. will post 13.18 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.21%. Chevron’s dividend payout ratio (DPR) is 59.98%.

Insiders Place Their Bets

In other Chevron news, VP Jeff B. Gustavson sold 3,750 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $160.23, for a total transaction of $600,862.50. Following the sale, the vice president now directly owns 477 shares in the company, valued at approximately $76,429.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Jeff B. Gustavson sold 3,750 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $160.23, for a total value of $600,862.50. Following the sale, the vice president now directly owns 477 shares in the company, valued at approximately $76,429.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Enrique Hernandez, Jr. sold 2,549 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $165.24, for a total transaction of $421,196.76. Following the completion of the sale, the director now owns 27,725 shares in the company, valued at $4,581,279. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,746 shares of company stock worth $2,727,971. 0.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CVX has been the topic of several analyst reports. Mizuho lifted their price target on shares of Chevron from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. TD Cowen raised their price objective on shares of Chevron from $155.00 to $160.00 and gave the stock a “hold” rating in a report on Monday, April 29th. The Goldman Sachs Group reissued a “buy” rating on shares of Chevron in a report on Monday, April 1st. UBS Group raised their price objective on shares of Chevron from $185.00 to $197.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Finally, Truist Financial raised their price objective on shares of Chevron from $156.00 to $166.00 and gave the stock a “hold” rating in a report on Friday, May 10th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $187.89.

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.