Mutual of America Capital Management LLC Trims Position in Chevron Co. (NYSE:CVX)

Mutual of America Capital Management LLC lessened its stake in Chevron Co. (NYSE:CVX) by 4.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 206,460 shares of the oil and gas company’s stock after selling 9,226 shares during the quarter. Chevron comprises 0.3% of Mutual of America Capital Management LLC’s holdings, making the stock its 29th largest position. Mutual of America Capital Management LLC’s holdings in Chevron were worth $29,904,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Life Planning Partners Inc purchased a new position in Chevron in the 4th quarter worth about $25,000. Rational Advisors LLC purchased a new position in Chevron in the 3rd quarter worth about $29,000. Legacy Investment Solutions LLC bought a new position in Chevron during the 3rd quarter worth about $29,000. Darwin Wealth Management LLC bought a new position in Chevron during the 3rd quarter worth about $30,000. Finally, RPg Family Wealth Advisory LLC bought a new position in Chevron during the 3rd quarter worth about $31,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Insiders Place Their Bets

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 transaction of $1,422,062.50. Following the completion of the transaction, the vice president now directly owns 1,057 shares of the company’s stock, valued at approximately $161,192.50. This trade represents a 89.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by insiders.

Chevron Stock Up 1.2 %

CVX stock opened at $158.59 on Friday. The firm has a 50 day moving average of $153.14 and a 200 day moving average of $151.44. The stock has a market capitalization of $285.00 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 1.46 and a beta of 1.11. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. Chevron Co. has a 52 week low of $135.37 and a 52 week high of $167.11.

Chevron (NYSE:CVX) last released its 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 quarter last year, the firm earned $3.45 earnings per share. Sell-side analysts forecast that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be paid a $1.71 dividend. The ex-dividend date is Friday, February 14th. This is a boost from Chevron’s previous quarterly dividend of $1.63. This represents a $6.84 dividend on an annualized basis and a yield of 4.31%. Chevron’s dividend payout ratio (DPR) is 70.37%.

Analyst Ratings Changes

Several research analysts have issued reports on CVX shares. Truist Financial dropped their target price on shares of Chevron from $164.00 to $160.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Barclays dropped their target price on shares of Chevron from $174.00 to $171.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. UBS Group dropped their target price on shares of Chevron from $195.00 to $194.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Raymond James dropped their target price on shares of Chevron from $180.00 to $175.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. Finally, DZ Bank upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $174.13.

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.