Tranquility Partners LLC Has $488,000 Stock Position in Chevron Co. (NYSE:CVX)

Tranquility Partners LLC raised its stake in Chevron Co. (NYSE:CVX) by 8.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,268 shares of the oil and gas company’s stock after acquiring an additional 246 shares during the quarter. Tranquility Partners LLC’s holdings in Chevron were worth $488,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Picton Mahoney Asset Management bought a new position in Chevron during the third quarter worth $26,000. Valley Forge Investment Consultants Inc. ADV boosted its stake in Chevron by 80.0% in the third quarter. Valley Forge Investment Consultants Inc. ADV now owns 180 shares of the oil and gas company’s stock valued at $30,000 after acquiring an additional 80 shares during the last quarter. Valued Wealth Advisors LLC bought a new stake in shares of Chevron in the fourth quarter valued at approximately $33,000. Worth Asset Management LLC bought a new stake in shares of Chevron in the first quarter valued at approximately $36,000. Finally, Legacy Financial Group LLC bought a new stake in Chevron during the 3rd quarter worth approximately $43,000. 72.42% of the stock is owned by institutional investors.

Chevron Stock Up 0.6 %

Chevron stock traded up $0.97 during trading hours on Thursday, hitting $157.37. The stock had a trading volume of 509,215 shares, compared to its average volume of 8,467,126. 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 stock has a market capitalization of $292.28 billion, a P/E ratio of 13.77, a price-to-earnings-growth ratio of 2.30 and a beta of 1.12. Chevron Co. has a 12-month low of $139.62 and a 12-month high of $172.38. The stock’s 50-day moving average price is $155.19 and its 200-day moving average price is $151.86.

Chevron (NYSE:CVX) last issued its earnings results 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 net margin of 10.63% and a return on equity of 15.24%. The business had revenue of $47.18 billion during the quarter, compared to analysts’ expectations of $50.93 billion. During the same period in the previous year, the company earned $4.09 earnings per share. The business’s revenue for the quarter was down 16.5% compared to the same quarter last year. Equities research analysts anticipate that Chevron Co. will post 13.56 EPS for the current fiscal year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.14%. This is a boost from Chevron’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Thursday, February 15th. Chevron’s payout ratio is presently 57.39%.

Insider Activity

In other news, VP Alana K. Knowles sold 2,800 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $160.09, for a total transaction of $448,252.00. Following the completion of the transaction, the vice president now directly owns 276 shares of the company’s stock, valued at $44,184.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CVX. TD Cowen lowered shares of Chevron from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $170.00 to $150.00 in a report on Tuesday, January 23rd. UBS Group raised their price objective on shares of Chevron from $185.00 to $197.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Wells Fargo & Company raised their price objective on shares of Chevron from $185.00 to $198.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Royal Bank of Canada raised their price objective on shares of Chevron from $185.00 to $190.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. Finally, Scotiabank upgraded shares of Chevron from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $170.00 to $195.00 in a research report on Thursday, April 11th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $183.55.

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.