Mount Yale Investment Advisors LLC Increases Stake in Chevron Co. (NYSE:CVX)

Mount Yale Investment Advisors LLC increased its stake in Chevron Co. (NYSE:CVX - Free Report) by 94.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,463 shares of the oil and gas company's stock after buying an additional 10,442 shares during the quarter. Mount Yale Investment Advisors LLC's holdings in Chevron were worth $3,109,000 as of its most recent SEC filing.

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

Chevron Stock Performance

Shares of CVX traded down $0.99 during mid-day trading on Tuesday, hitting $156.24. The stock had a trading volume of 6,424,183 shares, compared to its average volume of 7,739,980. Chevron Co. has a 52 week low of $135.37 and a 52 week high of $167.11. 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 business has a fifty day moving average price of $153.74 and a 200-day moving average price of $151.12. The firm has a market cap of $280.78 billion, a P/E ratio of 17.17, a PEG ratio of 1.37 and a beta of 1.12.

Chevron (NYSE:CVX - Get Free Report) last issued 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 firm had revenue of $50.67 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business earned $3.05 earnings per share. On average, equities research analysts expect that Chevron Co. will post 10.18 EPS for the current year.

Chevron Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend was Monday, November 18th. Chevron's dividend payout ratio (DPR) is presently 71.65%.

Insider Activity at Chevron

In other news, CEO Michael K. Wirth sold 164,600 shares of Chevron stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 4,280 shares in the company, valued at approximately $685,356.40. This trade represents a 97.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CVX. Truist Financial boosted their target price on shares of Chevron from $160.00 to $164.00 and gave the stock a "hold" rating in a report on Monday, January 13th. Raymond James upped their price target on shares of Chevron from $175.00 to $180.00 and gave the company an "outperform" rating in a research report on Friday, January 17th. Wells Fargo & Company lifted their price objective on Chevron from $171.00 to $188.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. Bank of America began coverage on shares of Chevron in a research report on Thursday, October 17th. They set a "buy" rating and a $168.00 price objective on the stock. Finally, Barclays increased their target price on Chevron from $168.00 to $174.00 and gave the stock an "overweight" rating in a report on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $175.27.

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.