Adams Asset Advisors LLC boosted its position in shares of Chevron Co. (NYSE:CVX) by 0.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 84,299 shares of the company’s stock after buying an additional 99 shares during the period. Chevron comprises 1.4% of Adams Asset Advisors LLC’s investment portfolio, making the stock its 5th largest position. Adams Asset Advisors LLC’s holdings in Chevron were worth $7,583,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Creative Planning bought a new position in Chevron during the fourth quarter worth approximately $0. First Premier Bank bought a new position in Chevron during the fourth quarter worth approximately $272,000. Saddle Road Partners bought a new position in Chevron during the fourth quarter worth approximately $279,000. Deane Retirement Strategies bought a new position in Chevron during the fourth quarter worth approximately $295,000. Finally, EQIS Capital Management bought a new position in Chevron during the fourth quarter worth approximately $326,000.

Shares of Chevron Co. (NYSE:CVX) opened at 86.47 on Friday. Chevron Co. has a 52 week low of $69.58 and a 52 week high of $112.93. The firm has a market cap of $162.74 billion and a PE ratio of 18.77. The stock’s 50 day moving average is $86.61 and its 200-day moving average is $86.25.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, January 29th. The company reported ($0.31) EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by $0.77. The firm earned $29.25 billion during the quarter, compared to analyst estimates of $29.70 billion. On average, equities analysts predict that Chevron Co. will post $1.85 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 10th. Stockholders of record on Thursday, February 18th will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date of this dividend is Tuesday, February 16th.

CVX has been the topic of a number of research analyst reports. Jefferies Group cut their price target on shares of Chevron to $110.00 in a report on Tuesday, January 12th. Vetr upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $94.52 price target on the stock in a report on Thursday, November 19th. HSBC upped their price target on shares of Chevron from $97.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, November 12th. Evercore ISI upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $106.00 price target on the stock in a report on Tuesday, November 3rd. Finally, Citigroup Inc. raised shares of Chevron from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $110.00 to $95.00 in a research note on Wednesday, December 2nd. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $96.52.

In other news, EVP Joseph C. Geagea sold 14,000 shares of the business’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $95.11, for a total transaction of $1,331,540.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Patricia E. Yarrington sold 44,000 shares of the business’s stock in a transaction dated Thursday, November 19th. The stock was sold at an average price of $92.05, for a total value of $4,050,200.00. Following the transaction, the chief financial officer now directly owns 4,838 shares of the company’s stock, valued at $445,337.90. The disclosure for this sale can be found here.

Chevron Corporation (NYSE:CVX) manages its investments in subsidiaries and affiliates. The Company operates through two segments: Upstream and Downstream. Upstream operations consist primarily of exploring for, developing and producing crude oil and natural gas; processing, liquefaction, transportation and regasification associated with liquefied natural gas (LNG); transporting crude oil through international oil export pipelines; transporting, storing and marketing natural gas, and operating a gas-to-liquids plant. The Company’s Downstream operations primarily consist of refining crude oil into petroleum products; marketing crude oil and refined products; transporting crude oil and refined products by pipeline, marine vessel, motor equipment and rail car, and manufacturing and marketing commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives.

12 Month Chart for NYSE:CVX

Receive News & Ratings for Chevron Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron Co. and related companies with MarketBeat.com's FREE daily email newsletter.