Sutton Place Investors LLC Acquires 106 Shares of Chevron Co. (NYSE:CVX)

Sutton Place Investors LLC boosted its holdings in Chevron Co. (NYSE:CVX) by 2.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,431 shares of the oil and gas company’s stock after purchasing an additional 106 shares during the quarter. Sutton Place Investors LLC’s holdings in Chevron were worth $642,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. River Street Advisors LLC grew its holdings in shares of Chevron by 1.6% during the 4th quarter. River Street Advisors LLC now owns 7,780 shares of the oil and gas company’s stock worth $1,127,000 after purchasing an additional 123 shares in the last quarter. Greenleaf Trust grew its stake in Chevron by 1.0% during the fourth quarter. Greenleaf Trust now owns 60,910 shares of the oil and gas company’s stock worth $8,822,000 after buying an additional 625 shares in the last quarter. MA Private Wealth acquired a new stake in Chevron during the fourth quarter worth about $495,000. Golden State Equity Partners raised its position in shares of Chevron by 476.3% in the 4th quarter. Golden State Equity Partners now owns 18,489 shares of the oil and gas company’s stock valued at $2,678,000 after buying an additional 15,281 shares in the last quarter. Finally, Spire Wealth Management lifted its holdings in shares of Chevron by 37.9% during the 4th quarter. Spire Wealth Management now owns 41,692 shares of the oil and gas company’s stock worth $6,039,000 after acquiring an additional 11,448 shares during the period. Institutional investors own 72.42% of the company’s stock.

Wall Street Analysts Forecast Growth

CVX has been the subject of several research analyst reports. Citigroup upgraded shares of Chevron from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $145.00 to $185.00 in a research report on Tuesday, November 26th. Royal Bank of Canada raised their price objective on Chevron from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Raymond James boosted their target price on Chevron from $175.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Bank of America initiated coverage on shares of Chevron in a research note on Thursday, October 17th. They issued a “buy” rating and a $168.00 price target on the stock. Finally, Scotiabank lowered their price objective on shares of Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $175.27.

Chevron Trading Down 4.5 %

NYSE CVX opened at $149.21 on Monday. Chevron Co. has a 12 month low of $135.37 and a 12 month high of $167.11. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $268.14 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 1.29 and a beta of 1.11. The business’s 50-day moving average price is $153.19 and its two-hundred day moving average price is $151.09.

Chevron (NYSE:CVX) last released its 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 quarter last year, the company posted $3.45 EPS. On average, analysts expect that Chevron Co. will post 11.45 EPS for the current year.

Chevron Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be given a $1.71 dividend. The ex-dividend date is Friday, February 14th. This is a positive change from Chevron’s previous quarterly dividend of $1.63. This represents a $6.84 annualized dividend and a dividend yield of 4.58%. Chevron’s dividend payout ratio (DPR) is 67.08%.

Insider Activity at Chevron

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $160.13, for a total value of $26,357,398.00. Following the transaction, the chief executive officer now directly owns 4,280 shares of the company’s stock, valued at approximately $685,356.40. The trade was a 97.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is owned by corporate insiders.

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.