27,250 Shares in Chevron Co. (NYSE:CVX) Acquired by Mountain Hill Investment Partners Corp.

Mountain Hill Investment Partners Corp. bought a new stake in Chevron Co. (NYSE:CVX) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 27,250 shares of the oil and gas company’s stock, valued at approximately $3,947,000. Chevron accounts for about 4.0% of Mountain Hill Investment Partners Corp.’s portfolio, making the stock its 12th biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in the business. Crowley Wealth Management Inc. bought a new stake in shares of Chevron during the fourth quarter valued at about $219,000. Community Bank N.A. raised its position in shares of Chevron by 1.1% during the 4th quarter. Community Bank N.A. now owns 34,213 shares of the oil and gas company’s stock worth $4,955,000 after buying an additional 365 shares in the last quarter. Meridian Wealth Partners LLC lifted its stake in shares of Chevron by 5.0% in the 4th quarter. Meridian Wealth Partners LLC now owns 2,154 shares of the oil and gas company’s stock worth $312,000 after acquiring an additional 103 shares during the period. Paces Ferry Wealth Advisors LLC boosted its holdings in shares of Chevron by 39.8% in the fourth quarter. Paces Ferry Wealth Advisors LLC now owns 2,399 shares of the oil and gas company’s stock valued at $347,000 after acquiring an additional 683 shares in the last quarter. Finally, Stevens Capital Management LP acquired a new position in shares of Chevron during the fourth quarter valued at approximately $1,600,000. Institutional investors own 72.42% of the company’s stock.

Chevron Trading Down 0.2 %

NYSE CVX opened at $164.37 on Monday. The firm’s 50 day moving average price is $156.29 and its two-hundred day moving average price is $152.64. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07. Chevron Co. has a twelve month low of $135.37 and a twelve month high of $167.11. The stock has a market cap of $289.39 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 1.46 and a beta of 1.08.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates 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 company posted $3.45 EPS. Equities analysts anticipate 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. Stockholders of record on Friday, February 14th were given a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.16%. This is a positive change from Chevron’s previous quarterly dividend of $1.63. The ex-dividend date was Friday, February 14th. Chevron’s dividend payout ratio is 70.37%.

Insider Activity at Chevron

In other Chevron news, VP Jeff B. Gustavson sold 9,325 shares of Chevron stock in a transaction on Friday, February 7th. The shares were 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 of the company’s stock, valued at $161,192.50. This trade represents a 89.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on CVX. UBS Group decreased their price target on Chevron from $195.00 to $194.00 and set a “buy” rating for the company 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 for the company in a research note on Monday, February 3rd. Citigroup upgraded shares of Chevron from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $145.00 to $185.00 in a research report on Tuesday, November 26th. Truist Financial reduced their price objective on shares of Chevron from $164.00 to $160.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. Finally, Piper Sandler dropped their target price on shares of Chevron from $184.00 to $173.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.