St. Louis Financial Planners Asset Management LLC Increases Stake in Chevron Co. (NYSE:CVX)

St. Louis Financial Planners Asset Management LLC increased its stake in Chevron Co. (NYSE:CVXFree Report) by 13.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,784 shares of the oil and gas company’s stock after purchasing an additional 1,493 shares during the period. Chevron accounts for about 1.8% of St. Louis Financial Planners Asset Management LLC’s portfolio, making the stock its 12th largest position. St. Louis Financial Planners Asset Management LLC’s holdings in Chevron were worth $2,051,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of CVX. Banque Cantonale Vaudoise grew its stake in Chevron by 3.3% during the 1st quarter. Banque Cantonale Vaudoise now owns 52,992 shares of the oil and gas company’s stock valued at $8,360,000 after purchasing an additional 1,710 shares during the last quarter. Enterprise Bank & Trust Co boosted its position in Chevron by 1.5% in the first quarter. Enterprise Bank & Trust Co now owns 22,920 shares of the oil and gas company’s stock valued at $3,615,000 after buying an additional 347 shares during the last quarter. Legacy Private Trust Co. increased its holdings in Chevron by 4.3% in the 1st quarter. Legacy Private Trust Co. now owns 47,299 shares of the oil and gas company’s stock worth $7,461,000 after buying an additional 1,940 shares during the period. Bruce G. Allen Investments LLC raised its position in Chevron by 7.6% during the 1st quarter. Bruce G. Allen Investments LLC now owns 3,364 shares of the oil and gas company’s stock worth $531,000 after buying an additional 238 shares during the last quarter. Finally, US Asset Management LLC lifted its stake in Chevron by 21.6% during the 1st quarter. US Asset Management LLC now owns 2,439 shares of the oil and gas company’s stock valued at $385,000 after acquiring an additional 433 shares during the period. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Chevron Stock Down 0.9 %

CVX stock opened at $155.28 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.23 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $286.18 billion, a P/E ratio of 14.29, a P/E/G ratio of 2.33 and a beta of 1.12. The firm has a 50-day simple moving average of $159.25 and a 200-day simple moving average of $154.13. Chevron Co. has a 52 week low of $139.62 and a 52 week high of $171.70.

Chevron (NYSE:CVXGet Free Report) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.93 EPS for the quarter, beating the consensus estimate of $2.84 by $0.09. Chevron had a return on equity of 14.40% and a net margin of 10.21%. The business had revenue of $48.72 billion for the quarter, compared to analyst estimates of $48.42 billion. During the same quarter in the prior year, the company posted $3.55 EPS. The company’s quarterly revenue was down 4.1% on a year-over-year basis. Equities analysts forecast that Chevron Co. will post 13.45 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.20%. The ex-dividend date was Thursday, May 16th. Chevron’s payout ratio is 59.98%.

Analysts Set New Price Targets

Several research analysts recently issued reports on CVX shares. Truist Financial raised their target price on shares of Chevron from $156.00 to $166.00 and gave the stock a “hold” rating in a report on Friday, May 10th. Barclays assumed coverage on Chevron in a research note on Wednesday, April 10th. They set an “overweight” rating and a $203.00 price objective for the company. Raymond James raised their target price on Chevron from $170.00 to $174.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. The Goldman Sachs Group reissued a “buy” rating on shares of Chevron in a report on Monday, April 1st. Finally, Wells Fargo & Company raised their price objective on shares of Chevron from $198.00 to $206.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Chevron presently has an average rating of “Moderate Buy” and a consensus price target of $186.95.

Read Our Latest Report on CVX

Insider Buying and Selling at Chevron

In other Chevron news, Director Enrique Hernandez, Jr. sold 2,549 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $165.24, for a total transaction of $421,196.76. Following the sale, the director now directly owns 27,725 shares in the company, valued at approximately $4,581,279. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Chevron news, Director Enrique Hernandez, Jr. sold 5,098 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $163.50, for a total value of $833,523.00. Following the completion of the transaction, the director now owns 2,549 shares in the company, valued at $416,761.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Enrique Hernandez, Jr. sold 2,549 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 27,725 shares in the company, valued at $4,581,279. The disclosure for this sale can be found here. Insiders sold a total of 19,546 shares of company stock valued at $3,176,223 in the last three months. 0.20% of the stock is owned by corporate insiders.

Chevron Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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