Crescent Grove Advisors LLC Has $824,000 Stock Position in Chevron Co. (NYSE:CVX)

Crescent Grove Advisors LLC increased its stake in Chevron Co. (NYSE:CVX) by 18.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,521 shares of the oil and gas company’s stock after purchasing an additional 853 shares during the period. Crescent Grove Advisors LLC’s holdings in Chevron were worth $824,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of CVX. NCM Capital Management LLC increased its holdings in shares of Chevron by 1.2% in the 1st quarter. NCM Capital Management LLC now owns 5,570 shares of the oil and gas company’s stock valued at $909,000 after acquiring an additional 65 shares during the period. Sweet Financial Partners LLC increased its holdings in shares of Chevron by 0.7% in the 3rd quarter. Sweet Financial Partners LLC now owns 8,761 shares of the oil and gas company’s stock valued at $1,477,000 after acquiring an additional 65 shares during the period. Strategic Investment Advisors MI increased its holdings in shares of Chevron by 3.8% in the 3rd quarter. Strategic Investment Advisors MI now owns 1,758 shares of the oil and gas company’s stock valued at $296,000 after acquiring an additional 65 shares during the period. Alera Investment Advisors LLC increased its holdings in shares of Chevron by 1.0% in the 3rd quarter. Alera Investment Advisors LLC now owns 6,486 shares of the oil and gas company’s stock valued at $1,094,000 after acquiring an additional 67 shares during the period. Finally, Global Trust Asset Management LLC increased its holdings in shares of Chevron by 1.0% in the 3rd quarter. Global Trust Asset Management LLC now owns 6,852 shares of the oil and gas company’s stock valued at $1,155,000 after acquiring an additional 67 shares during the period. Institutional investors own 72.42% of the company’s stock.

Chevron Stock Down 0.9 %

Chevron stock traded down $1.36 during midday trading on Tuesday, reaching $156.23. The company’s stock had a trading volume of 1,104,374 shares, compared to its average volume of 8,539,204. Chevron Co. has a fifty-two week low of $139.62 and a fifty-two week high of $172.54. The company has a quick ratio of 1.01, a current ratio of 1.27 and a debt-to-equity ratio of 0.13. The company has a market cap of $290.16 billion, a P/E ratio of 13.87, a P/E/G ratio of 2.40 and a beta of 1.12. The business has a 50-day simple moving average of $155.03 and a 200-day simple moving average of $151.92.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.19 by $0.26. Chevron had a return on equity of 15.24% and a net margin of 10.63%. The company had revenue of $47.18 billion for the quarter, compared to analyst estimates of $50.93 billion. During the same quarter last year, the company posted $4.09 earnings per share. The business’s quarterly revenue was down 16.5% compared to the same quarter last year. On average, research analysts expect that Chevron Co. will post 13.24 earnings per share for the current fiscal year.

Chevron Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were issued a dividend of $1.63 per share. The ex-dividend date was Thursday, February 15th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.17%. This is a positive change from Chevron’s previous quarterly dividend of $1.51. Chevron’s dividend payout ratio (DPR) is currently 57.39%.

Insider Buying and Selling

In related news, VP Alana K. Knowles sold 2,800 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $160.09, for a total transaction of $448,252.00. Following the transaction, the vice president now owns 276 shares of the company’s stock, valued at $44,184.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on CVX shares. Barclays began coverage on Chevron in a research note on Wednesday, April 10th. They set an “overweight” rating and a $203.00 target price on the stock. Royal Bank of Canada boosted their price objective on Chevron from $185.00 to $190.00 and gave the company an “outperform” rating in a report on Monday, February 5th. Mizuho boosted their price objective on Chevron from $195.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. DZ Bank cut Chevron from a “buy” rating to a “hold” rating and set a $160.00 price objective for the company. in a report on Tuesday, February 6th. Finally, UBS Group boosted their price objective on Chevron from $185.00 to $197.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Chevron presently has a consensus rating of “Moderate Buy” and an average price target of $183.55.

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.