Uncommon Cents Investing LLC Has $1.88 Million Stock Holdings in Chevron Co. (NYSE:CVX)

Uncommon Cents Investing LLC grew its position in shares of Chevron Co. (NYSE:CVX) by 4.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,631 shares of the oil and gas company’s stock after purchasing an additional 559 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Chevron were worth $1,884,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CVX. Picton Mahoney Asset Management bought a new position in shares of Chevron during the third quarter worth about $26,000. Valley Forge Investment Consultants Inc. ADV increased its holdings in Chevron by 80.0% in the third quarter. Valley Forge Investment Consultants Inc. ADV now owns 180 shares of the oil and gas company’s stock worth $30,000 after purchasing an additional 80 shares in the last quarter. DHJJ Financial Advisors Ltd. bought a new stake in Chevron in the third quarter worth approximately $35,000. Valued Wealth Advisors LLC bought a new stake in Chevron in the fourth quarter worth approximately $33,000. Finally, Worth Asset Management LLC bought a new stake in Chevron in the first quarter worth approximately $36,000. 72.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. TD Cowen downgraded Chevron from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $170.00 to $150.00 in a report on Tuesday, January 23rd. UBS Group decreased their price objective on Chevron from $194.00 to $185.00 and set a “buy” rating for the company in a report on Thursday, December 14th. Mizuho boosted their price objective on Chevron from $195.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Royal Bank of Canada lifted their target price on Chevron from $185.00 to $190.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. Finally, DZ Bank cut Chevron from a “buy” rating to a “hold” rating and set a $160.00 target price on the stock. in a research report on Tuesday, February 6th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $180.39.

Chevron Trading Up 0.9 %

Shares of Chevron stock opened at $157.74 on Friday. Chevron Co. has a 12-month low of $139.62 and a 12-month high of $172.88. The company has a market cap of $292.97 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 2.40 and a beta of 1.12. The company has a current ratio of 1.27, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $151.60 and its 200-day moving average price is $152.67.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.19 by $0.26. Chevron had a net margin of 10.63% and a return on equity of 15.24%. The firm had revenue of $47.18 billion for the quarter, compared to the consensus estimate of $50.93 billion. During the same period in the prior year, the firm posted $4.09 earnings per share. The company’s revenue for the quarter was down 16.5% on a year-over-year basis. On average, equities analysts expect that Chevron Co. will post 13.04 earnings per share for the current fiscal year.

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.13%. This is a boost from Chevron’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Thursday, February 15th. Chevron’s dividend payout ratio (DPR) is currently 57.39%.

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.