Chevron Co. (NYSE:CVX) Shares Bought by Tradewinds Capital Management LLC

Tradewinds Capital Management LLC raised its holdings in shares of Chevron Co. (NYSE:CVX) by 390.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,628 shares of the oil and gas company’s stock after acquiring an additional 2,092 shares during the period. Tradewinds Capital Management LLC’s holdings in Chevron were worth $381,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Values First Advisors Inc. purchased a new position in Chevron during the third quarter valued at approximately $163,000. West Michigan Advisors LLC grew its stake in shares of Chevron by 7.6% during the 3rd quarter. West Michigan Advisors LLC now owns 8,954 shares of the oil and gas company’s stock worth $1,319,000 after purchasing an additional 635 shares during the period. Cross Staff Investments Inc increased its holdings in shares of Chevron by 1.3% during the 3rd quarter. Cross Staff Investments Inc now owns 5,207 shares of the oil and gas company’s stock valued at $767,000 after purchasing an additional 68 shares in the last quarter. Element Wealth LLC lifted its stake in shares of Chevron by 2.8% in the 3rd quarter. Element Wealth LLC now owns 7,624 shares of the oil and gas company’s stock valued at $1,123,000 after purchasing an additional 210 shares during the period. Finally, Silver Oak Securities Incorporated boosted its holdings in Chevron by 7.1% during the third quarter. Silver Oak Securities Incorporated now owns 7,843 shares of the oil and gas company’s stock worth $1,141,000 after buying an additional 523 shares in the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Chevron news, VP Jeff B. Gustavson sold 9,325 shares of the stock in a transaction dated Friday, February 7th. The shares were 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 of the company’s stock, valued at $161,192.50. This trade represents a 89.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Chevron Stock Performance

Shares of Chevron stock opened at $156.92 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07. The business’s 50 day moving average price is $151.97 and its 200 day moving average price is $151.05. The company has a market cap of $282.00 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 1.46 and a beta of 1.11. Chevron Co. has a one year low of $135.37 and a one year high of $167.11.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $2.06 earnings per share 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 quarter last year, the firm posted $3.45 EPS. On average, research analysts predict that Chevron Co. will post 10.79 EPS for the current year.

Chevron Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Citigroup upgraded shares of Chevron from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $145.00 to $185.00 in a research report on Tuesday, November 26th. Raymond James lowered their price target on Chevron from $180.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Piper Sandler cut their price objective on Chevron from $184.00 to $173.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. DZ Bank upgraded Chevron from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a research report on Tuesday, November 5th. Finally, Barclays dropped their price target on shares of Chevron from $174.00 to $171.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Chevron presently has a consensus rating of “Moderate Buy” and an average price target of $174.13.

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.