Good Life Advisors LLC Trims Stake in Chevron Co. (NYSE:CVX)

Good Life Advisors LLC lowered its stake in Chevron Co. (NYSE:CVX - Free Report) by 55.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,067 shares of the oil and gas company's stock after selling 17,731 shares during the period. Good Life Advisors LLC's holdings in Chevron were worth $2,037,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Life Planning Partners Inc purchased a new position in Chevron during the 4th quarter valued at about $25,000. Rational Advisors LLC purchased a new position in Chevron during the 3rd quarter valued at about $29,000. Legacy Investment Solutions LLC purchased a new position in Chevron during the 3rd quarter valued at about $29,000. Darwin Wealth Management LLC purchased a new position in Chevron during the 3rd quarter valued at about $30,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in Chevron during the 3rd quarter valued at about $31,000. Hedge funds and other institutional investors own 72.42% of the company's stock.

Chevron Stock Down 1.2 %

CVX stock traded down $1.87 during midday trading on Friday, hitting $156.92. The company's stock had a trading volume of 6,686,883 shares, compared to its average volume of 6,690,703. The company has a market cap of $282.00 billion, a PE ratio of 16.14, a P/E/G ratio of 1.46 and a beta of 1.11. Chevron Co. has a 12 month low of $135.37 and a 12 month high of $167.11. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The firm's 50-day moving average is $151.97 and its 200-day moving average is $150.99.

Chevron (NYSE:CVX - Get Free Report) last announced its earnings results on Friday, January 31st. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts' consensus estimates of $2.42 by ($0.36). Chevron had a net margin of 8.71% and a return on equity of 11.44%. During the same quarter in the previous year, the business earned $3.45 EPS. On average, equities research analysts forecast that Chevron Co. will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be paid a dividend of $1.71 per share. The ex-dividend date is Friday, February 14th. This is a positive change from Chevron's previous quarterly dividend of $1.63. This represents a $6.84 dividend on an annualized basis and a yield of 4.36%. Chevron's payout ratio is currently 70.37%.

Analysts Set New Price Targets

Several analysts have weighed in on CVX shares. Barclays cut their price objective on Chevron from $174.00 to $171.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Wells Fargo & Company cut their price objective on Chevron from $188.00 to $184.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. DZ Bank raised Chevron from a "hold" rating to a "buy" rating and set a $170.00 price objective on the stock in a research report on Tuesday, November 5th. UBS Group cut their price objective on Chevron from $195.00 to $194.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. Finally, Raymond James cut their price objective on Chevron from $180.00 to $175.00 and set an "outperform" rating on the stock in a research report on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $174.13.

Insider Buying and Selling at Chevron

In other news, VP Jeff B. Gustavson sold 9,325 shares of the company's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $152.50, for a total value of $1,422,062.50. Following the completion of the sale, the vice president now directly owns 1,057 shares in the company, valued at $161,192.50. This represents a 89.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.20% of the company's stock.

Chevron Profile

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.