Tudor Financial Inc. Purchases 1,022 Shares of Chevron Co. (NYSE:CVX)

Tudor Financial Inc. raised its position in Chevron Co. (NYSE:CVX) by 24.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,265 shares of the oil and gas company’s stock after purchasing an additional 1,022 shares during the quarter. Tudor Financial Inc.’s holdings in Chevron were worth $763,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Priebe Wealth Holdings LLC bought a new position in shares of Chevron during the fourth quarter valued at $230,000. Central Bank & Trust Co. increased its holdings in Chevron by 8.2% in the fourth quarter. Central Bank & Trust Co. now owns 5,272 shares of the oil and gas company’s stock valued at $764,000 after purchasing an additional 399 shares during the period. Sky Investment Group LLC raised its position in Chevron by 0.4% during the 4th quarter. Sky Investment Group LLC now owns 56,299 shares of the oil and gas company’s stock worth $8,154,000 after purchasing an additional 221 shares during the last quarter. Wealthquest Corp lifted its holdings in Chevron by 1.8% during the 4th quarter. Wealthquest Corp now owns 5,317 shares of the oil and gas company’s stock worth $770,000 after buying an additional 95 shares during the period. Finally, Harbor Investment Advisory LLC grew its position in shares of Chevron by 0.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 18,167 shares of the oil and gas company’s stock valued at $2,631,000 after buying an additional 144 shares during the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of Chevron stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $160.13, for a total transaction 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 $685,356.40. The trade was a 97.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on CVX shares. UBS Group lifted their price objective on Chevron from $194.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Bank of America began coverage on shares of Chevron in a research note on Thursday, October 17th. They issued a “buy” rating and a $168.00 price objective on the stock. Barclays lifted their target price 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. Piper Sandler cut their price target on shares of Chevron from $184.00 to $173.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Finally, Royal Bank of Canada lifted their price objective on Chevron from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Chevron presently has an average rating of “Moderate Buy” and a consensus target price of $175.27.

Chevron Stock Performance

Shares of CVX stock opened at $158.16 on Wednesday. Chevron Co. has a 12 month low of $135.37 and a 12 month high of $167.11. The firm has a market capitalization of $284.23 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 1.46 and a beta of 1.12. The firm has a fifty day simple moving average of $154.03 and a two-hundred day simple moving average of $151.04. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX) last posted its earnings results on Friday, November 1st. The oil and gas company reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.04. The company had revenue of $50.67 billion for the quarter, compared to analyst estimates of $48.86 billion. Chevron had a net margin of 8.44% and a return on equity of 13.15%. The firm’s revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.05 EPS. Analysts forecast that Chevron Co. will post 10.21 EPS for the current fiscal year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.12%. Chevron’s payout ratio is 71.65%.

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.