CGN Advisors LLC Purchases 2,683 Shares of Chevron Co. (NYSE:CVX)

CGN Advisors LLC lifted its stake in shares of Chevron Co. (NYSE:CVX - Free Report) by 9.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,744 shares of the oil and gas company's stock after acquiring an additional 2,683 shares during the quarter. CGN Advisors LLC's holdings in Chevron were worth $4,453,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in CVX. Sei Investments Co. boosted its stake in Chevron by 8.5% during the 2nd quarter. Sei Investments Co. now owns 659,273 shares of the oil and gas company's stock valued at $103,121,000 after purchasing an additional 51,564 shares during the period. Garden State Investment Advisory Services LLC lifted its holdings in shares of Chevron by 10.0% during the second quarter. Garden State Investment Advisory Services LLC now owns 2,319 shares of the oil and gas company's stock worth $364,000 after buying an additional 210 shares during the last quarter. Sound Shore Management Inc. CT boosted its position in shares of Chevron by 18.5% in the second quarter. Sound Shore Management Inc. CT now owns 85,155 shares of the oil and gas company's stock valued at $13,320,000 after acquiring an additional 13,315 shares during the period. Summit Trail Advisors LLC grew its stake in shares of Chevron by 29.3% in the second quarter. Summit Trail Advisors LLC now owns 42,370 shares of the oil and gas company's stock worth $6,628,000 after acquiring an additional 9,600 shares during the last quarter. Finally, Arista Wealth Management LLC bought a new position in Chevron during the second quarter worth $221,000. Institutional investors own 72.42% of the company's stock.

Insiders Place Their Bets

In other news, CEO Michael K. Wirth sold 164,600 shares of the company's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $160.13, for a total transaction of $26,357,398.00. Following the transaction, the chief executive officer now directly owns 4,280 shares in the company, valued at approximately $685,356.40. This represents a 97.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.20% of the company's stock.

Chevron Price Performance

Shares of CVX traded up $2.16 during trading hours on Friday, hitting $161.54. The stock had a trading volume of 9,233,657 shares, compared to its average volume of 7,835,055. The stock has a market capitalization of $290.30 billion, a price-to-earnings ratio of 17.75, a P/E/G ratio of 2.62 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. The company's fifty day moving average is $153.93 and its two-hundred day moving average is $151.05. Chevron Co. has a 52 week low of $135.37 and a 52 week high of $167.11.

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.04. The firm had revenue of $50.67 billion for the quarter, compared to analysts' expectations of $48.86 billion. Chevron had a net margin of 8.44% and a return on equity of 13.15%. The company's quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.05 earnings per share. On average, analysts anticipate that Chevron Co. will post 10.39 EPS for the current year.

Chevron Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th were given a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.04%. Chevron's payout ratio is 71.65%.

Analysts Set New Price Targets

A number of analysts have weighed in on CVX shares. UBS Group increased their price target on shares of Chevron from $194.00 to $195.00 and gave the company a "buy" rating in a report on Tuesday, December 3rd. Raymond James increased their target price on shares of Chevron from $175.00 to $180.00 and gave the company an "outperform" rating in a research note on Friday. Bank of America initiated coverage on Chevron in a research note on Thursday, October 17th. They set a "buy" rating and a $168.00 price target on the stock. Wells Fargo & Company upped their price target on Chevron from $171.00 to $188.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Finally, Scotiabank decreased their price objective on Chevron from $180.00 to $163.00 and set a "sector outperform" rating on the stock in a report on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $175.27.

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.