Paradigm Financial Partners LLC Acquires 75 Shares of Chevron Co. (NYSE:CVX)

Paradigm Financial Partners LLC increased its holdings in Chevron Co. (NYSE:CVX) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,189 shares of the oil and gas company’s stock after buying an additional 75 shares during the period. Paradigm Financial Partners LLC’s holdings in Chevron were worth $1,818,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CVX. Sargent Investment Group LLC lifted its stake in Chevron by 14.4% in the 4th quarter. Sargent Investment Group LLC now owns 16,991 shares of the oil and gas company’s stock worth $2,534,000 after purchasing an additional 2,138 shares in the last quarter. Stonebrook Private Inc. purchased a new stake in Chevron in the 4th quarter worth approximately $798,000. Transcend Capital Advisors LLC lifted its stake in Chevron by 15.2% in the 4th quarter. Transcend Capital Advisors LLC now owns 33,858 shares of the oil and gas company’s stock worth $5,050,000 after purchasing an additional 4,468 shares in the last quarter. Opinicus Capital Inc. purchased a new stake in Chevron in the 4th quarter worth approximately $643,000. Finally, Unique Wealth Strategies LLC purchased a new stake in Chevron in the 4th quarter worth approximately $366,000. 72.42% of the stock is owned by institutional investors.

Chevron Trading Up 0.4 %

Shares of CVX traded up $0.61 during trading hours on Friday, reaching $165.89. 9,736,350 shares of the company traded hands, compared to its average volume of 7,082,480. The company’s fifty day moving average price is $156.58 and its two-hundred day moving average price is $151.73. The company has a market capitalization of $308.10 billion, a price-to-earnings ratio of 15.26, a price-to-earnings-growth ratio of 2.44 and a beta of 1.12. The company has a quick ratio of 1.01, a current ratio of 1.27 and a debt-to-equity ratio of 0.13. Chevron Co. has a 12 month low of $139.62 and a 12 month high of $171.70.

Chevron (NYSE:CVX) last announced its earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.09. The firm had revenue of $48.72 billion for the quarter, compared to analyst estimates of $48.42 billion. Chevron had a net margin of 10.63% and a return on equity of 15.24%. The company’s revenue for the quarter 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 research analysts predict that Chevron Co. will post 13.58 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 3.93%. The ex-dividend date is Thursday, May 16th. Chevron’s payout ratio is currently 59.98%.

Wall Street Analyst Weigh In

Several research firms have issued reports on CVX. UBS Group increased their target price on shares of Chevron from $185.00 to $197.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. TD Cowen cut shares of Chevron from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $170.00 to $150.00 in a research report on Tuesday, January 23rd. Mizuho raised their price objective on shares of Chevron from $195.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Scotiabank upgraded shares of Chevron from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $170.00 to $195.00 in a research report on Thursday, April 11th. Finally, Wells Fargo & Company raised their price objective on shares of Chevron from $185.00 to $198.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $184.75.

Insider Buying and Selling

In related news, VP Alana K. Knowles sold 2,800 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $160.09, for a total transaction of $448,252.00. Following the sale, the vice president now owns 276 shares of the company’s stock, valued at $44,184.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is currently owned by insiders.

Chevron Company 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.