Chevron Co. (NYSE:CVX) Shares Sold by MJP Associates Inc. ADV

MJP Associates Inc. ADV decreased its position in shares of Chevron Co. (NYSE:CVX) by 13.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,988 shares of the oil and gas company’s stock after selling 469 shares during the quarter. MJP Associates Inc. ADV’s holdings in Chevron were worth $446,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Picton Mahoney Asset Management acquired a new position in shares of Chevron during the 3rd quarter worth about $26,000. Valley Forge Investment Consultants Inc. ADV lifted its position in shares of Chevron by 80.0% during the 3rd quarter. Valley Forge Investment Consultants Inc. ADV now owns 180 shares of the oil and gas company’s stock worth $30,000 after buying an additional 80 shares during the last quarter. Valued Wealth Advisors LLC purchased a new stake in shares of Chevron in the fourth quarter valued at about $33,000. DHJJ Financial Advisors Ltd. acquired a new position in Chevron in the 3rd quarter valued at about $35,000. Finally, Worth Asset Management LLC purchased a new stake in Chevron during the 1st quarter valued at approximately $36,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on CVX. DZ Bank downgraded Chevron from a “buy” rating to a “hold” rating and set a $160.00 target price on the stock. in a research note on Tuesday, February 6th. Piper Sandler cut their target price on Chevron from $188.00 to $180.00 and set an “overweight” rating for the company in a research note on Thursday, March 14th. UBS Group dropped their price objective on Chevron from $194.00 to $185.00 and set a “buy” rating for the company in a research report on Thursday, December 14th. TD Cowen lowered shares of Chevron from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $170.00 to $150.00 in a research report on Tuesday, January 23rd. Finally, Royal Bank of Canada increased their price target on Chevron from $185.00 to $190.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $180.39.

Chevron Trading Up 0.9 %

Shares of NYSE:CVX traded up $1.39 during mid-day trading on Thursday, reaching $157.74. 8,230,553 shares of the company’s stock were exchanged, compared to its average volume of 8,731,655. The firm has a market capitalization of $292.97 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 2.38 and a beta of 1.12. Chevron Co. has a twelve month low of $139.62 and a twelve month high of $172.88. The business’s fifty day moving average price is $151.60 and its 200-day moving average price is $152.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.27.

Chevron (NYSE:CVX) last released its earnings results on Friday, February 2nd. The oil and gas company reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.19 by $0.26. Chevron had a net margin of 10.63% and a return on equity of 15.24%. The firm had revenue of $47.18 billion for the quarter, compared to analysts’ expectations of $50.93 billion. During the same period in the previous year, the company earned $4.09 earnings per share. The company’s quarterly revenue was down 16.5% on a year-over-year basis. On average, research analysts predict that Chevron Co. will post 13.04 EPS for the current fiscal year.

Chevron Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were paid a $1.63 dividend. This is an increase from Chevron’s previous quarterly dividend of $1.51. The ex-dividend date was Thursday, February 15th. This represents a $6.52 annualized dividend and a dividend yield of 4.13%. Chevron’s dividend payout ratio (DPR) is presently 57.39%.

Chevron Company 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.