Cape ANN Savings Bank Sells 654 Shares of Chevron Co. (NYSE:CVX)

Cape ANN Savings Bank trimmed its position in shares of Chevron Co. (NYSE:CVX) by 5.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 11,628 shares of the oil and gas company’s stock after selling 654 shares during the quarter. Chevron comprises 1.0% of Cape ANN Savings Bank’s holdings, making the stock its 24th biggest holding. Cape ANN Savings Bank’s holdings in Chevron were worth $1,684,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CVX. Pettinga Financial Advisors LLC increased its stake in shares of Chevron by 10.1% in the third quarter. Pettinga Financial Advisors LLC now owns 2,972 shares of the oil and gas company’s stock worth $438,000 after purchasing an additional 272 shares in the last quarter. Convergence Financial LLC boosted its holdings in Chevron by 13.4% in the 3rd quarter. Convergence Financial LLC now owns 9,723 shares of the oil and gas company’s stock worth $1,432,000 after buying an additional 1,149 shares during the period. Signet Investment Advisory Group Inc. grew its stake in Chevron by 8.4% in the 3rd quarter. Signet Investment Advisory Group Inc. now owns 13,823 shares of the oil and gas company’s stock valued at $2,036,000 after buying an additional 1,066 shares in the last quarter. Allworth Financial LP raised its holdings in Chevron by 4.7% during the 3rd quarter. Allworth Financial LP now owns 259,440 shares of the oil and gas company’s stock valued at $38,208,000 after acquiring an additional 11,549 shares during the period. Finally, Parcion Private Wealth LLC lifted its position in shares of Chevron by 15.0% during the third quarter. Parcion Private Wealth LLC now owns 52,173 shares of the oil and gas company’s stock worth $7,684,000 after acquiring an additional 6,792 shares in the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron Stock Down 1.2 %

CVX opened at $156.92 on Monday. The business’s fifty day simple moving average is $151.97 and its 200 day simple moving average is $151.11. Chevron Co. has a 52 week low of $135.37 and a 52 week high of $167.11. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. The stock has a market cap of $282.00 billion, a PE ratio of 16.14, a P/E/G ratio of 1.46 and a beta of 1.11.

Chevron (NYSE:CVX) last announced 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 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 EPS. As a group, research analysts expect that Chevron Co. will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be paid a dividend of $1.71 per share. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Chevron’s previous quarterly dividend of $1.63. This represents a $6.84 annualized dividend and a dividend yield of 4.36%. Chevron’s dividend payout ratio (DPR) is 70.37%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. DZ Bank upgraded Chevron from a “hold” rating to a “buy” rating and set a $170.00 price objective on the stock in a research note on Tuesday, November 5th. Raymond James reduced their target price on Chevron from $180.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. UBS Group lowered their price target on shares of Chevron from $195.00 to $194.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Wells Fargo & Company reduced their price objective on shares of Chevron from $188.00 to $184.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Finally, Truist Financial decreased their target price on shares of Chevron from $164.00 to $160.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.13.

Insider Transactions at Chevron

In other news, VP Jeff B. Gustavson sold 9,325 shares of Chevron stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $152.50, for a total value of $1,422,062.50. Following the transaction, the vice president now owns 1,057 shares in the company, valued at approximately $161,192.50. The trade was a 89.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.

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.