Chevron Co. (NYSE:CVX) Shares Bought by Schnieders Capital Management LLC

Schnieders Capital Management LLC boosted its position in shares of Chevron Co. (NYSE:CVX) by 3.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 44,905 shares of the oil and gas company’s stock after acquiring an additional 1,570 shares during the quarter. Chevron comprises about 1.3% of Schnieders Capital Management LLC’s portfolio, making the stock its 19th largest position. Schnieders Capital Management LLC’s holdings in Chevron were worth $6,504,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pettinga Financial Advisors LLC lifted its holdings in shares of Chevron by 10.1% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 2,972 shares of the oil and gas company’s stock valued at $438,000 after buying an additional 272 shares during the period. China Universal Asset Management Co. Ltd. lifted its holdings in shares of Chevron by 131.5% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 6,291 shares of the oil and gas company’s stock valued at $926,000 after buying an additional 3,573 shares during the period. Tyche Wealth Partners LLC lifted its holdings in shares of Chevron by 0.3% in the 3rd quarter. Tyche Wealth Partners LLC now owns 33,791 shares of the oil and gas company’s stock valued at $4,976,000 after buying an additional 99 shares during the period. GW Henssler & Associates Ltd. lifted its holdings in shares of Chevron by 1.1% in the 3rd quarter. GW Henssler & Associates Ltd. now owns 209,223 shares of the oil and gas company’s stock valued at $30,812,000 after buying an additional 2,353 shares during the period. Finally, Bay Rivers Group lifted its holdings in shares of Chevron by 15.6% in the 3rd quarter. Bay Rivers Group now owns 1,480 shares of the oil and gas company’s stock valued at $218,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Price Performance

NYSE:CVX opened at $154.99 on Thursday. The firm has a market cap of $278.53 billion, a P/E ratio of 15.95, a price-to-earnings-growth ratio of 1.46 and a beta of 1.11. The stock has a 50 day moving average of $152.52 and a two-hundred day moving average of $151.31. Chevron Co. has a 12 month low of $135.37 and a 12 month high of $167.11. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX) last issued its earnings results on Friday, January 31st. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.42 by ($0.36). Chevron had a return on equity of 11.44% and a net margin of 8.71%. During the same period last year, the firm earned $3.45 EPS. On average, analysts expect that Chevron Co. will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a $1.71 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Chevron’s previous quarterly dividend of $1.63. This represents a $6.84 dividend on an annualized basis and a yield of 4.41%. Chevron’s dividend payout ratio is currently 70.37%.

Insider Activity at Chevron

In other Chevron news, VP Jeff B. Gustavson sold 9,325 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $152.50, for a total transaction of $1,422,062.50. Following the transaction, the vice president now directly owns 1,057 shares in the company, valued at $161,192.50. This represents a 89.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CVX has been the subject of several analyst reports. Truist Financial decreased their price objective on Chevron from $164.00 to $160.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Royal Bank of Canada restated an “outperform” rating and issued a $175.00 price target on shares of Chevron in a research note on Monday, February 3rd. Citigroup upgraded Chevron from a “neutral” rating to a “buy” rating and lifted their price target for the company from $145.00 to $185.00 in a research note on Tuesday, November 26th. Raymond James cut their price target on Chevron from $180.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Finally, Wells Fargo & Company cut their price target on Chevron from $188.00 to $184.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $174.13.

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.