Squire Investment Management Company LLC Has $244,000 Stake in Chevron Co. (NYSE:CVX)

Squire Investment Management Company LLC lifted its stake in shares of Chevron Co. (NYSE:CVX) by 18.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,683 shares of the oil and gas company’s stock after buying an additional 268 shares during the period. Squire Investment Management Company LLC’s holdings in Chevron were worth $244,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Legacy Investment Solutions LLC acquired a new position in Chevron in the third quarter valued at approximately $29,000. Rational Advisors LLC bought a new position in Chevron in the third quarter valued at approximately $29,000. Darwin Wealth Management LLC bought a new position in Chevron in the third quarter valued at approximately $30,000. RPg Family Wealth Advisory LLC bought a new position in Chevron in the third quarter valued at approximately $31,000. Finally, New Wave Wealth Advisors LLC bought a new position in Chevron in the fourth quarter valued at approximately $39,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Trading Up 0.7 %

Shares of NYSE:CVX opened at $156.00 on Friday. Chevron Co. has a 12 month low of $135.37 and a 12 month 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 company’s fifty day simple moving average is $151.92 and its 200 day simple moving average is $150.84. The firm has a market cap of $280.35 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 1.39 and a beta of 1.11.

Chevron (NYSE:CVX) last issued its quarterly earnings data 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 business earned $3.45 EPS. As a group, research analysts forecast that Chevron Co. will post 10.84 EPS for the current fiscal year.

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be paid a $1.71 dividend. This is a positive change from Chevron’s previous quarterly dividend of $1.63. This represents a $6.84 annualized dividend and a yield of 4.38%. The ex-dividend date is Friday, February 14th. Chevron’s payout ratio is presently 67.08%.

Insider Buying and Selling at Chevron

In other Chevron news, VP Jeff B. Gustavson sold 9,325 shares of Chevron stock in a transaction 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 sale, the vice president now directly owns 1,057 shares in the company, valued at approximately $161,192.50. The trade was a 89.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CVX shares. Bank of America started 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. Truist Financial reduced their price objective on shares of Chevron from $164.00 to $160.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. Wells Fargo & Company reduced their price objective on shares of Chevron from $188.00 to $184.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Royal Bank of Canada reissued an “outperform” rating and set a $175.00 price target on shares of Chevron in a research report on Monday, February 3rd. Finally, Citigroup raised shares of Chevron from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $145.00 to $185.00 in a research report on Tuesday, November 26th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Chevron presently has an average rating of “Moderate Buy” and an average 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.