Coombe Bender & Co LLC Invests $170,000 in Chevron Co. (NYSE:CVX)

Coombe Bender & Co LLC purchased a new stake in Chevron Co. (NYSE:CVX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,138 shares of the oil and gas company’s stock, valued at approximately $170,000.

Several other institutional investors have also recently bought and sold shares of CVX. Oak Family Advisors LLC raised its stake in shares of Chevron by 4.4% during the third quarter. Oak Family Advisors LLC now owns 7,556 shares of the oil and gas company’s stock worth $1,274,000 after buying an additional 320 shares during the last quarter. Modus Advisors LLC raised its position in shares of Chevron by 3.5% during the 3rd quarter. Modus Advisors LLC now owns 16,118 shares of the oil and gas company’s stock valued at $2,718,000 after acquiring an additional 546 shares during the last quarter. Golden State Equity Partners lifted its stake in shares of Chevron by 14.9% in the 3rd quarter. Golden State Equity Partners now owns 21,020 shares of the oil and gas company’s stock valued at $3,544,000 after purchasing an additional 2,731 shares during the period. Signet Investment Advisory Group Inc. boosted its position in shares of Chevron by 3.8% in the 3rd quarter. Signet Investment Advisory Group Inc. now owns 10,800 shares of the oil and gas company’s stock worth $1,821,000 after purchasing an additional 392 shares during the last quarter. Finally, Avestar Capital LLC grew its stake in shares of Chevron by 20.0% during the third quarter. Avestar Capital LLC now owns 6,125 shares of the oil and gas company’s stock worth $1,033,000 after purchasing an additional 1,022 shares during the period. Institutional investors own 72.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Mizuho raised their target price on Chevron from $195.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Jefferies Financial Group raised Chevron from a “hold” rating to a “buy” rating and set a $184.00 price target on the stock in a research report on Monday, January 8th. Royal Bank of Canada boosted their price objective on Chevron from $185.00 to $190.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. Wells Fargo & Company raised their target price on shares of Chevron from $198.00 to $206.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Piper Sandler upped their price target on shares of Chevron from $180.00 to $204.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $185.35.

Insider Activity at Chevron

In other Chevron news, VP Alana K. Knowles sold 2,800 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $160.09, for a total transaction of $448,252.00. Following the transaction, the vice president now owns 276 shares of the company’s stock, valued at $44,184.84. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.20% of the stock is currently owned by company insiders.

Chevron Stock Up 0.7 %

CVX stock traded up $1.08 during mid-day trading on Thursday, reaching $160.71. The company had a trading volume of 3,572,374 shares, compared to its average volume of 8,385,536. The company has a market capitalization of $298.48 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 2.38 and a beta of 1.11. Chevron Co. has a 52 week low of $139.62 and a 52 week high of $171.70. The stock has a 50 day simple moving average of $157.04 and a two-hundred day simple moving average of $151.74. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.27 and a quick ratio of 1.01.

Chevron (NYSE:CVX) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.09. Chevron had a net margin of 10.21% and a return on equity of 14.38%. The business had revenue of $48.72 billion during the quarter, compared to analysts’ expectations of $48.42 billion. During the same period last year, the business earned $3.55 earnings per share. The firm’s revenue was down 4.1% on a year-over-year basis. As a group, equities analysts predict that Chevron Co. will post 13.53 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be issued a $1.63 dividend. The ex-dividend date is Thursday, May 16th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.06%. Chevron’s payout ratio is 59.98%.

About Chevron

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.