New Hampshire Trust Has $2.27 Million Position in Chevron Co. (NYSE:CVX)

New Hampshire Trust increased its position in Chevron Co. (NYSE:CVX) by 1.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,441 shares of the oil and gas company’s stock after buying an additional 214 shares during the quarter. New Hampshire Trust’s holdings in Chevron were worth $2,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC increased its position in Chevron by 104,997.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 24,490,824 shares of the oil and gas company’s stock valued at $4,395,858,000 after purchasing an additional 24,467,521 shares during the period. Norges Bank acquired a new stake in Chevron during the 4th quarter valued at approximately $3,058,235,000. Commonwealth Equity Services LLC increased its position in Chevron by 908.4% during the 1st quarter. Commonwealth Equity Services LLC now owns 11,450,777 shares of the oil and gas company’s stock valued at $186,830,000 after purchasing an additional 10,315,292 shares during the period. Charles Schwab Investment Management Inc. increased its position in Chevron by 76.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 23,667,484 shares of the oil and gas company’s stock valued at $3,839,241,000 after purchasing an additional 10,257,980 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in Chevron by 79.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,896,009 shares of the oil and gas company’s stock valued at $2,494,194,000 after purchasing an additional 6,133,227 shares during the period. Institutional investors and hedge funds own 68.87% of the company’s stock.

Insider Buying and Selling at Chevron

In other news, CFO Pierre R. Breber sold 25,000 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $164.00, for a total transaction of $4,100,000.00. Following the completion of the sale, the chief financial officer now directly owns 6,021 shares of the company’s stock, valued at approximately $987,444. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Pierre R. Breber sold 25,000 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $164.00, for a total transaction of $4,100,000.00. Following the completion of the sale, the chief financial officer now directly owns 6,021 shares of the company’s stock, valued at approximately $987,444. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Jeff B. Gustavson sold 3,750 shares of the firm’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $160.88, for a total value of $603,300.00. Following the sale, the vice president now directly owns 1,718 shares of the company’s stock, valued at $276,391.84. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Piper Sandler decreased their target price on shares of Chevron from $196.00 to $188.00 in a research report on Tuesday, June 13th. StockNews.com started coverage on Chevron in a report on Thursday, August 17th. They set a “hold” rating on the stock. Morgan Stanley increased their price target on Chevron from $197.00 to $198.00 and gave the stock an “equal weight” rating in a report on Friday, August 18th. UBS Group increased their price target on Chevron from $202.00 to $209.00 and gave the stock a “buy” rating in a report on Thursday, August 17th. Finally, The Goldman Sachs Group upgraded Chevron from a “neutral” rating to a “buy” rating and increased their price target for the stock from $166.00 to $187.00 in a report on Monday, July 31st. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Chevron presently has an average rating of “Moderate Buy” and a consensus target price of $190.61.

Chevron Price Performance

Shares of NYSE:CVX opened at $167.22 on Tuesday. The company has a current ratio of 1.43, a quick ratio of 1.13 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $160.80 and its two-hundred day simple moving average is $160.15. Chevron Co. has a 1-year low of $140.46 and a 1-year high of $189.68. The stock has a market cap of $312.24 billion, a PE ratio of 10.60, a price-to-earnings-growth ratio of 0.88 and a beta of 1.18.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, July 28th. The oil and gas company reported $3.08 earnings per share for the quarter, beating the consensus estimate of $2.95 by $0.13. Chevron had a return on equity of 19.48% and a net margin of 13.54%. The business had revenue of $48.90 billion for the quarter, compared to analysts’ expectations of $48 billion. During the same period last year, the business earned $5.82 EPS. The business’s revenue was down 28.9% on a year-over-year basis. As a group, analysts forecast that Chevron Co. will post 13.23 EPS for the current fiscal year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 18th were paid a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 3.61%. The ex-dividend date was Thursday, August 17th. Chevron’s dividend payout ratio (DPR) is presently 38.30%.

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; liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and processing, transportation, storage, and marketing of natural gas, as well as a gas-to-liquids plant.