LaSalle St. Investment Advisors LLC Sells 3,583 Shares of Chevron Co. (NYSE:CVX)

LaSalle St. Investment Advisors LLC reduced its stake in Chevron Co. (NYSE:CVX - Free Report) by 48.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,763 shares of the oil and gas company's stock after selling 3,583 shares during the period. LaSalle St. Investment Advisors LLC's holdings in Chevron were worth $545,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Life Planning Partners Inc bought a new stake in Chevron during the 4th quarter valued at $25,000. IMG Wealth Management Inc. purchased a new position in shares of Chevron in the fourth quarter valued at about $25,000. Mizuho Securities Co. Ltd. bought a new position in shares of Chevron during the fourth quarter valued at about $29,000. Fairway Wealth LLC boosted its holdings in shares of Chevron by 75.9% during the fourth quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company's stock worth $30,000 after purchasing an additional 88 shares during the period. Finally, New Wave Wealth Advisors LLC bought a new stake in shares of Chevron in the fourth quarter worth about $39,000. Institutional investors own 72.42% of the company's stock.

Chevron Stock Down 0.6 %

Chevron stock traded down $0.77 during mid-day trading on Tuesday, hitting $134.55. The company had a trading volume of 9,318,593 shares, compared to its average volume of 7,894,061. Chevron Co. has a 12 month low of $132.04 and a 12 month high of $168.96. 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 stock's 50 day moving average price is $154.64 and its two-hundred day moving average price is $153.69. The company has a market capitalization of $236.88 billion, a PE ratio of 13.84, a price-to-earnings-growth ratio of 1.46 and a beta of 0.93.

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Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate 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 company earned $3.45 EPS. As a group, sell-side analysts anticipate that Chevron Co. will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a $1.71 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Chevron's previous quarterly dividend of $1.63. This represents a $6.84 annualized dividend and a yield of 5.08%. Chevron's dividend payout ratio is 70.37%.

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 transaction of $1,422,062.50. Following the transaction, the vice president now directly owns 1,057 shares of the company's stock, valued at $161,192.50. This represents a 89.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

CVX has been the subject of several research analyst reports. BNP Paribas cut Chevron to a "cautious" rating in a report on Tuesday. Wells Fargo & Company dropped their price target on Chevron from $184.00 to $173.00 and set an "overweight" rating for the company in a research note on Tuesday. Raymond James reduced their price objective on shares of Chevron from $180.00 to $175.00 and set an "outperform" rating on the stock in a research report on Monday, February 3rd. Piper Sandler dropped their target price on shares of Chevron from $184.00 to $173.00 and set an "overweight" rating for the company in a research report on Thursday, December 19th. Finally, Barclays reduced their price target on shares of Chevron from $174.00 to $171.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $169.50.

Chevron Company 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.