Ritter Daniher Financial Advisory LLC DE Has $438,000 Stock Holdings in Chevron Co. (NYSE:CVX)

Ritter Daniher Financial Advisory LLC DE lifted its holdings in shares of Chevron Co. (NYSE:CVX) by 4.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,022 shares of the oil and gas company’s stock after buying an additional 125 shares during the period. Ritter Daniher Financial Advisory LLC DE’s holdings in Chevron were worth $438,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Trek Financial LLC lifted its stake in Chevron by 39.2% in the 4th quarter. Trek Financial LLC now owns 7,982 shares of the oil and gas company’s stock valued at $1,156,000 after purchasing an additional 2,249 shares during the last quarter. FMR LLC increased its holdings in shares of Chevron by 7.9% during the fourth quarter. FMR LLC now owns 3,866,447 shares of the oil and gas company’s stock worth $560,016,000 after buying an additional 281,784 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of Chevron by 29.2% in the 4th quarter. Federated Hermes Inc. now owns 2,899,202 shares of the oil and gas company’s stock valued at $419,920,000 after acquiring an additional 655,306 shares during the last quarter. Waterloo Capital L.P. boosted its holdings in shares of Chevron by 31.3% during the 4th quarter. Waterloo Capital L.P. now owns 6,874 shares of the oil and gas company’s stock valued at $996,000 after acquiring an additional 1,640 shares in the last quarter. Finally, Titleist Asset Management LLC increased its holdings in Chevron by 27.2% in the 4th quarter. Titleist Asset Management LLC now owns 22,986 shares of the oil and gas company’s stock worth $3,329,000 after purchasing an additional 4,918 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors.

Chevron Stock Performance

Shares of CVX stock opened at $143.10 on Friday. Chevron Co. has a one year low of $135.37 and a one year high of $168.96. The company has a market cap of $251.95 billion, a P/E ratio of 14.72, a P/E/G ratio of 1.46 and a beta of 0.93. The firm has a 50-day moving average of $157.38 and a 200-day moving average of $154.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80.

Chevron (NYSE:CVX) last released its earnings results on Friday, January 31st. The oil and gas company reported $2.06 earnings per share (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 prior year, the business earned $3.45 earnings per share. Equities research analysts forecast that Chevron Co. will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $1.71 per share. This is an increase from Chevron’s previous quarterly dividend of $1.63. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend was Friday, February 14th. Chevron’s dividend payout ratio is currently 70.37%.

Analyst Ratings Changes

CVX has been the subject of several recent research reports. Barclays lowered their price objective on Chevron from $174.00 to $171.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Wells Fargo & Company lowered their target price on Chevron from $188.00 to $184.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $175.00 price target on shares of Chevron in a research note on Monday, February 3rd. Truist Financial reduced their target price on Chevron from $164.00 to $160.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Finally, Raymond James lowered their target price on shares of Chevron from $180.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Chevron currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.13.

Insider Transactions at Chevron

In other news, VP Jeff B. Gustavson sold 9,325 shares of the stock in a transaction on 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 transaction, the vice president now owns 1,057 shares in the company, valued at approximately $161,192.50. This represents a 89.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by company insiders.

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.