Chevron Co. (NYSE:CVX) Shares Bought by Lee Financial Co

Lee Financial Co lifted its position in Chevron Co. (NYSE:CVX) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,832 shares of the oil and gas company’s stock after purchasing an additional 247 shares during the quarter. Lee Financial Co’s holdings in Chevron were worth $555,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CVX. Hourglass Capital LLC increased its holdings in Chevron by 4.6% in the 4th quarter. Hourglass Capital LLC now owns 43,539 shares of the oil and gas company’s stock worth $6,306,000 after buying an additional 1,905 shares during the period. JNBA Financial Advisors increased its stake in shares of Chevron by 1.9% in the fourth quarter. JNBA Financial Advisors now owns 4,340 shares of the oil and gas company’s stock worth $629,000 after acquiring an additional 80 shares during the period. MN Wealth Advisors LLC raised its holdings in shares of Chevron by 369.9% during the fourth quarter. MN Wealth Advisors LLC now owns 2,669 shares of the oil and gas company’s stock worth $391,000 after purchasing an additional 2,101 shares during the last quarter. Secured Retirement Advisors LLC boosted its holdings in Chevron by 8.8% in the fourth quarter. Secured Retirement Advisors LLC now owns 14,480 shares of the oil and gas company’s stock valued at $2,097,000 after purchasing an additional 1,176 shares during the last quarter. Finally, Strategic Financial Concepts LLC grew its position in Chevron by 212.4% during the 4th quarter. Strategic Financial Concepts LLC now owns 5,352 shares of the oil and gas company’s stock worth $775,000 after purchasing an additional 3,639 shares during the period. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Chevron

In other Chevron news, VP Jeff B. Gustavson sold 9,325 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $152.50, for a total value of $1,422,062.50. Following the transaction, the vice president now directly owns 1,057 shares of the company’s stock, valued at $161,192.50. This trade represents a 89.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CVX. Raymond James decreased their price objective on Chevron from $180.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. Piper Sandler lowered their price objective on Chevron from $184.00 to $173.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Barclays dropped their price objective 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. Wells Fargo & Company decreased their target price on shares of Chevron from $188.00 to $184.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Finally, Citigroup upgraded shares of Chevron from a “neutral” rating to a “buy” rating and raised their price target for the company from $145.00 to $185.00 in a research report on Tuesday, November 26th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.13.

Chevron Price Performance

NYSE:CVX opened at $155.32 on Friday. The stock has a 50 day moving average of $151.86 and a two-hundred day moving average of $150.86. Chevron Co. has a 12 month low of $135.37 and a 12 month high of $167.11. The firm has a market cap of $279.12 billion, a P/E ratio of 15.98, a price-to-earnings-growth ratio of 1.39 and a beta of 1.11. 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 issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate 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 previous year, the firm earned $3.45 EPS. On average, analysts expect that Chevron Co. will post 10.84 earnings per share for the current fiscal year.

Chevron Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be given a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.40%. This is a boost from Chevron’s previous quarterly dividend of $1.63. The ex-dividend date is Friday, February 14th. Chevron’s dividend payout ratio is 67.08%.

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.