1,852 Shares in Chevron Co. (NYSE:CVX) Bought by MOKAN Wealth Management Inc.

MOKAN Wealth Management Inc. acquired a new position in shares of Chevron Co. (NYSE:CVX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,852 shares of the oil and gas company’s stock, valued at approximately $268,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Csenge Advisory Group grew its position in Chevron by 5.9% during the 4th quarter. Csenge Advisory Group now owns 31,189 shares of the oil and gas company’s stock worth $4,517,000 after acquiring an additional 1,738 shares during the last quarter. Lee Financial Co grew its position in Chevron by 6.9% during the 4th quarter. Lee Financial Co now owns 3,832 shares of the oil and gas company’s stock worth $555,000 after acquiring an additional 247 shares during the last quarter. Hourglass Capital LLC grew its position in Chevron by 4.6% during the 4th quarter. Hourglass Capital LLC now owns 43,539 shares of the oil and gas company’s stock worth $6,306,000 after acquiring an additional 1,905 shares during the last quarter. JNBA Financial Advisors grew its position in Chevron by 1.9% during the 4th quarter. JNBA Financial Advisors now owns 4,340 shares of the oil and gas company’s stock worth $629,000 after acquiring an additional 80 shares during the last quarter. Finally, MN Wealth Advisors LLC grew its position in shares of Chevron by 369.9% in the 4th quarter. MN Wealth Advisors LLC now owns 2,669 shares of the oil and gas company’s stock valued at $391,000 after buying an additional 2,101 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

Chevron Stock Down 0.4 %

CVX stock opened at $155.32 on Friday. The stock’s 50 day simple moving average is $151.86 and its 200 day simple moving average is $150.86. Chevron Co. has a fifty-two week low of $135.37 and a fifty-two week high of $167.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07. The company has a market cap of $279.12 billion, a P/E ratio of 15.98, a price-to-earnings-growth ratio of 1.39 and a beta of 1.11.

Chevron (NYSE:CVX) last issued its quarterly earnings data 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 return on equity of 11.44% and a net margin of 8.71%. During the same period in the previous year, the company earned $3.45 earnings per share. On average, research analysts expect that Chevron Co. will post 10.84 earnings per share for the current fiscal year.

Chevron Increases Dividend

The company 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 is Friday, February 14th. This represents a $6.84 annualized dividend and a yield of 4.40%. This is a positive change from Chevron’s previous quarterly dividend of $1.63. Chevron’s dividend payout ratio (DPR) is 67.08%.

Insiders Place Their Bets

In other news, VP Jeff B. Gustavson sold 9,325 shares of the company’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 sale, 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 sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on CVX shares. Wells Fargo & Company reduced their price target on Chevron from $188.00 to $184.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Citigroup upgraded Chevron from a “neutral” rating to a “buy” rating and upped their price target for the company from $145.00 to $185.00 in a research report on Tuesday, November 26th. DZ Bank upgraded Chevron from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a research report on Tuesday, November 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $175.00 price target on shares of Chevron in a research report on Monday, February 3rd. Finally, Raymond James reduced their price target on Chevron from $180.00 to $175.00 and set an “outperform” rating on the stock in a research 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.