Chevron Co. (NYSE:CVX) Shares Acquired by Canandaigua National Trust Co of Florida

Canandaigua National Trust Co of Florida boosted its position in Chevron Co. (NYSE:CVX) by 17.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,415 shares of the oil and gas company’s stock after acquiring an additional 500 shares during the period. Canandaigua National Trust Co of Florida’s holdings in Chevron were worth $495,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CVX. Lantz Financial LLC lifted its holdings in shares of Chevron by 2.7% during the 2nd quarter. Lantz Financial LLC now owns 23,334 shares of the oil and gas company’s stock worth $3,650,000 after acquiring an additional 623 shares during the period. Umpqua Bank increased its holdings in shares of Chevron by 5.7% during the 2nd quarter. Umpqua Bank now owns 19,827 shares of the oil and gas company’s stock worth $3,101,000 after buying an additional 1,078 shares during the last quarter. Strategic Financial Concepts LLC raised its position in shares of Chevron by 4,325.4% in the 2nd quarter. Strategic Financial Concepts LLC now owns 258,043 shares of the oil and gas company’s stock worth $404,000 after buying an additional 252,212 shares during the period. Chris Bulman Inc purchased a new stake in Chevron during the second quarter valued at about $76,000. Finally, Delta Financial Advisors LLC increased its stake in Chevron by 32.1% during the second quarter. Delta Financial Advisors LLC now owns 20,231 shares of the oil and gas company’s stock worth $3,165,000 after acquiring an additional 4,921 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Chevron

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $160.13, for a total value of $26,357,398.00. Following the sale, the chief executive officer now directly owns 4,280 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CVX. Truist Financial lifted their price objective on Chevron from $155.00 to $160.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Barclays boosted their price objective on shares of Chevron from $168.00 to $174.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Wells Fargo & Company raised their target price on shares of Chevron from $171.00 to $188.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Piper Sandler decreased their price target on shares of Chevron from $184.00 to $173.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Finally, Citigroup upgraded Chevron from a “neutral” rating to a “buy” rating and increased their target price for the company from $145.00 to $185.00 in a research note on Tuesday, November 26th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.19.

Chevron Stock Performance

Shares of NYSE:CVX traded down $0.75 during trading on Monday, hitting $147.10. 5,849,564 shares of the company traded hands, compared to its average volume of 5,926,819. The stock has a market capitalization of $264.35 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 2.93 and a beta of 1.12. Chevron Co. has a one year low of $135.37 and a one year high of $167.11. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. The business’s fifty day moving average is $153.67 and its 200-day moving average is $151.21.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.04. The business had revenue of $50.67 billion during the quarter, compared to the consensus estimate of $48.86 billion. Chevron had a return on equity of 13.15% and a net margin of 8.44%. The business’s revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $3.05 earnings per share. As a group, equities analysts predict that Chevron Co. will post 10.5 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.43%. The ex-dividend date of this dividend was Monday, November 18th. Chevron’s dividend payout ratio (DPR) is presently 71.65%.

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.