Kooman & Associates Sells 100 Shares of Chevron Co. (NYSE:CVX)

Kooman & Associates trimmed its position in Chevron Co. (NYSE:CVX) by 4.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,272 shares of the oil and gas company’s stock after selling 100 shares during the period. Kooman & Associates’ holdings in Chevron were worth $329,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Values First Advisors Inc. acquired a new position in shares of Chevron in the 3rd quarter valued at $163,000. West Michigan Advisors LLC lifted its stake in shares of Chevron by 7.6% in the 3rd quarter. West Michigan Advisors LLC now owns 8,954 shares of the oil and gas company’s stock valued at $1,319,000 after purchasing an additional 635 shares during the period. Cross Staff Investments Inc raised its stake in 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 worth $767,000 after buying an additional 68 shares during the period. Element Wealth LLC raised its stake in Chevron by 2.8% during the 3rd quarter. Element Wealth LLC now owns 7,624 shares of the oil and gas company’s stock worth $1,123,000 after buying an additional 210 shares during the period. Finally, Silver Oak Securities Incorporated raised its stake in Chevron by 7.1% during the 3rd 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 during the period. 72.42% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related 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 transaction of $1,422,062.50. Following the completion of the transaction, the vice president now owns 1,057 shares in the company, valued at approximately $161,192.50. This trade represents a 89.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Chevron Price Performance

Shares of NYSE CVX opened at $156.92 on Friday. The stock has a market capitalization of $282.00 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 1.46 and a beta of 1.11. The business has a 50-day moving average of $151.97 and a 200-day moving average of $151.05. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. Chevron Co. has a fifty-two week low of $135.37 and a fifty-two week high of $167.11.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.36). Chevron had a return on equity of 11.44% and a net margin of 8.71%. During the same period in the prior year, the firm posted $3.45 EPS. As a group, sell-side analysts predict 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. Investors of record on Friday, February 14th will be issued a dividend of $1.71 per share. The ex-dividend date is Friday, February 14th. This represents a $6.84 dividend on an annualized basis and a yield of 4.36%. This is a boost from Chevron’s previous quarterly dividend of $1.63. Chevron’s dividend payout ratio (DPR) is presently 70.37%.

Analyst Ratings Changes

CVX has been the topic of several research analyst reports. UBS Group dropped their price objective on Chevron from $195.00 to $194.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Piper Sandler dropped their price objective on Chevron from $184.00 to $173.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Truist Financial dropped their price objective on Chevron from $164.00 to $160.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. Wells Fargo & Company dropped their price objective on Chevron from $188.00 to $184.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Chevron in a research note on Monday, February 3rd. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $174.13.

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.