Sawyer & Company Inc Buys 758 Shares of Chevron Co. (NYSE:CVX)

Sawyer & Company Inc grew its stake in shares of Chevron Co. (NYSE:CVX) by 7.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,598 shares of the oil and gas company’s stock after buying an additional 758 shares during the period. Sawyer & Company Inc’s holdings in Chevron were worth $1,829,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Caxton Associates LP acquired a new stake in Chevron during the 3rd quarter worth $207,000. United Services Automobile Association raised its position in shares of Chevron by 13.9% during the third quarter. United Services Automobile Association now owns 48,859 shares of the oil and gas company’s stock worth $8,239,000 after purchasing an additional 5,968 shares during the period. Hodges Capital Management Inc. raised its position in shares of Chevron by 6.0% during the third quarter. Hodges Capital Management Inc. now owns 7,855 shares of the oil and gas company’s stock worth $1,325,000 after purchasing an additional 445 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Chevron by 7.6% during the 3rd quarter. Lazard Asset Management LLC now owns 5,182,317 shares of the oil and gas company’s stock valued at $873,841,000 after purchasing an additional 364,969 shares in the last quarter. Finally, Kidder Stephen W grew its position in shares of Chevron by 10.9% in the 3rd quarter. Kidder Stephen W now owns 30,892 shares of the oil and gas company’s stock valued at $5,209,000 after purchasing an additional 3,046 shares during the period. Institutional investors own 72.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CVX shares. Piper Sandler lifted their price target on shares of Chevron from $180.00 to $204.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Chevron in a research report on Monday, April 1st. UBS Group increased their target price on Chevron from $185.00 to $197.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. HSBC boosted their price target on Chevron from $175.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Finally, TD Cowen increased their price objective on Chevron from $155.00 to $160.00 and gave the stock a “hold” rating in a report on Monday, April 29th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Chevron has an average rating of “Moderate Buy” and an average price target of $186.95.

Insider Buying and Selling

In other Chevron news, VP Jeff B. Gustavson sold 3,750 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $160.23, for a total value of $600,862.50. Following the transaction, the vice president now directly owns 477 shares of the company’s stock, valued at approximately $76,429.71. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Enrique Hernandez, Jr. sold 2,549 shares of Chevron stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $161.00, for a total value of $410,389.00. Following the completion of the sale, the director now directly owns 7,647 shares in the company, valued at $1,231,167. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Jeff B. Gustavson sold 3,750 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $160.23, for a total value of $600,862.50. Following the sale, the vice president now directly owns 477 shares in the company, valued at approximately $76,429.71. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,546 shares of company stock valued at $3,176,223. Insiders own 0.20% of the company’s stock.

Chevron Trading Up 0.1 %

CVX stock opened at $156.42 on Friday. The stock has a market cap of $288.28 billion, a price-to-earnings ratio of 14.39, a price-to-earnings-growth ratio of 2.38 and a beta of 1.12. The company has a fifty day moving average price of $159.22 and a two-hundred day moving average price of $154.62. Chevron Co. has a one year low of $139.62 and a one year high of $171.70. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.23 and a quick ratio of 0.93.

Chevron (NYSE:CVX) last announced its earnings results on Friday, April 26th. The oil and gas company reported $2.93 EPS for the quarter, topping the consensus estimate of $2.84 by $0.09. The business had revenue of $48.72 billion during the quarter, compared to the consensus estimate of $48.42 billion. Chevron had a net margin of 10.21% and a return on equity of 14.40%. Chevron’s revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.55 EPS. Equities analysts anticipate that Chevron Co. will post 13.15 EPS for the current year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were paid a dividend of $1.63 per share. The ex-dividend date was Thursday, May 16th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.17%. Chevron’s dividend payout ratio (DPR) is currently 59.98%.

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.