Harel Insurance Investments & Financial Services Ltd. Reduces Stock Position in Chevron Co. (NYSE:CVX)

Harel Insurance Investments & Financial Services Ltd. cut its position in Chevron Co. (NYSE:CVX - Free Report) by 92.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 270 shares of the oil and gas company's stock after selling 3,175 shares during the period. Harel Insurance Investments & Financial Services Ltd.'s holdings in Chevron were worth $39,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of CVX. Legacy Investment Solutions LLC purchased a new position in Chevron during the third quarter valued at $29,000. Rational Advisors LLC purchased a new stake in shares of Chevron in the third quarter worth about $29,000. Darwin Wealth Management LLC bought a new position in Chevron during the third quarter valued at approximately $30,000. RPg Family Wealth Advisory LLC purchased a new position in Chevron during the 3rd quarter valued at approximately $31,000. Finally, Livelsberger Financial Advisory bought a new stake in Chevron in the 3rd quarter worth approximately $47,000. 72.42% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Chevron

In other news, CEO Michael K. Wirth sold 164,600 shares of the company's stock in a transaction on Thursday, November 14th. The stock was 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 of the company's stock, 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 SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company's stock.

Analyst Ratings Changes

CVX has been the subject of a number of research reports. Barclays increased their target price on Chevron from $168.00 to $174.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. Truist Financial increased their price objective on shares of Chevron from $160.00 to $164.00 and gave the company a "hold" rating in a research report on Monday, January 13th. Citigroup upgraded shares of Chevron from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $145.00 to $185.00 in a report on Tuesday, November 26th. Raymond James increased their price target on shares of Chevron from $175.00 to $180.00 and gave the company an "outperform" rating in a report on Friday, January 17th. Finally, UBS Group boosted their price objective on Chevron from $194.00 to $195.00 and gave the stock a "buy" rating in a research note on Tuesday, December 3rd. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $175.27.

Chevron Stock Up 1.0 %

Shares of NYSE:CVX traded up $1.55 during trading hours on Monday, hitting $157.20. The company's stock had a trading volume of 7,138,529 shares, compared to its average volume of 7,822,061. 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 firm's fifty day moving average price is $153.81 and its 200 day moving average price is $151.11. Chevron Co. has a 52 week low of $135.37 and a 52 week high of $167.11. The company has a market capitalization of $282.50 billion, a price-to-earnings ratio of 17.27, a P/E/G ratio of 1.37 and a beta of 1.12.

Chevron (NYSE:CVX - Get Free Report) last posted its earnings results on Friday, November 1st. The oil and gas company reported $2.51 earnings per share for the quarter, topping analysts' consensus estimates of $2.47 by $0.04. The company had revenue of $50.67 billion during the quarter, compared to analyst estimates of $48.86 billion. Chevron had a return on equity of 13.15% and a net margin of 8.44%. Chevron's revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.05 earnings per share. As a group, research analysts expect that Chevron Co. will post 10.18 EPS for the current year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th were issued a $1.63 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 4.15%. Chevron's dividend payout ratio is presently 71.65%.

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.