Chevron Co. (NYSE:CVX) Shares Acquired by Slagle Financial LLC

Slagle Financial LLC boosted its stake in Chevron Co. (NYSE:CVX) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,736 shares of the oil and gas company’s stock after acquiring an additional 470 shares during the period. Slagle Financial LLC’s holdings in Chevron were worth $2,569,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. United Bank boosted its holdings in shares of Chevron by 8.4% in the third quarter. United Bank now owns 8,095 shares of the oil and gas company’s stock valued at $1,192,000 after acquiring an additional 629 shares in the last quarter. Loomis Sayles & Co. L P lifted its holdings in shares of Chevron by 7.2% in the 3rd quarter. Loomis Sayles & Co. L P now owns 2,413 shares of the oil and gas company’s stock valued at $355,000 after buying an additional 163 shares during the period. Freedom Investment Management Inc. boosted its position in shares of Chevron by 10.0% during the 3rd quarter. Freedom Investment Management Inc. now owns 9,089 shares of the oil and gas company’s stock worth $1,339,000 after purchasing an additional 830 shares in the last quarter. RPg Family Wealth Advisory LLC purchased a new stake in Chevron during the third quarter worth about $31,000. Finally, Providence Capital Advisors LLC grew its position in Chevron by 29.3% during the third quarter. Providence Capital Advisors LLC now owns 24,072 shares of the oil and gas company’s stock worth $3,545,000 after buying an additional 5,458 shares during the period. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insiders Place Their Bets

In other news, VP Jeff B. Gustavson sold 9,325 shares of the business’s stock in a transaction dated 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 completion of the sale, the vice president now owns 1,057 shares in the company, valued at approximately $161,192.50. The trade was a 89.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is currently owned by insiders.

Chevron Price Performance

CVX stock opened at $166.73 on Friday. The stock has a market capitalization of $293.54 billion, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of 1.46 and a beta of 1.08. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. Chevron Co. has a 52-week low of $135.37 and a 52-week high of $168.96. The stock’s fifty day simple moving average is $157.01 and its 200-day simple moving average is $153.21.

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

Chevron Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a dividend of $1.71 per share. This is a positive change from Chevron’s previous quarterly dividend of $1.63. The ex-dividend date was Friday, February 14th. This represents a $6.84 annualized dividend and a yield of 4.10%. Chevron’s dividend payout ratio is 70.37%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. UBS Group decreased their price target on Chevron from $195.00 to $194.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Raymond James decreased their target price on Chevron from $180.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Wells Fargo & Company dropped their price target on Chevron from $188.00 to $184.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Barclays decreased their price objective on shares of Chevron from $174.00 to $171.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $175.00 target price on shares of Chevron in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $174.13.

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.