1,589 Shares in Chevron Co. (NYSE:CVX) Bought by Priebe Wealth Holdings LLC

Priebe Wealth Holdings LLC purchased a new position in Chevron Co. (NYSE:CVX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,589 shares of the oil and gas company's stock, valued at approximately $230,000.

A number of other institutional investors also recently bought and sold shares of CVX. Central Bank & Trust Co. grew its holdings in shares of Chevron by 8.2% during the fourth quarter. Central Bank & Trust Co. now owns 5,272 shares of the oil and gas company's stock valued at $764,000 after buying an additional 399 shares during the last quarter. Sky Investment Group LLC grew its position in Chevron by 0.4% in the 4th quarter. Sky Investment Group LLC now owns 56,299 shares of the oil and gas company's stock worth $8,154,000 after purchasing an additional 221 shares during the period. Wealthquest Corp boosted its stake in shares of Chevron by 1.8% during the 4th quarter. Wealthquest Corp now owns 5,317 shares of the oil and gas company's stock worth $770,000 after acquiring an additional 95 shares during the last quarter. Harbor Investment Advisory LLC boosted its stake in shares of Chevron by 0.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 18,167 shares of the oil and gas company's stock worth $2,631,000 after acquiring an additional 144 shares during the last quarter. Finally, Zhang Financial LLC boosted its stake in shares of Chevron by 9.2% during the 4th quarter. Zhang Financial LLC now owns 3,477 shares of the oil and gas company's stock worth $504,000 after acquiring an additional 293 shares during the last quarter. 72.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on CVX. Scotiabank lowered their target price on shares of Chevron from $180.00 to $163.00 and set a "sector outperform" rating on the stock in a research note on Thursday, October 10th. Royal Bank of Canada boosted their target price on shares of Chevron from $170.00 to $175.00 and gave the stock an "outperform" rating in a report on Monday, November 4th. Raymond James boosted their target price on shares of Chevron from $175.00 to $180.00 and gave the stock an "outperform" rating in a report on Friday, January 17th. Piper Sandler cut their price target on shares of Chevron from $184.00 to $173.00 and set an "overweight" rating on the stock in a report on Thursday, December 19th. Finally, DZ Bank raised shares of Chevron from a "hold" rating to a "buy" rating and set a $170.00 price objective for the company in a research report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $175.27.

Insider Buying and Selling at Chevron

In other news, CEO Michael K. Wirth sold 164,600 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $160.13, for a total value of $26,357,398.00. Following the sale, the chief executive officer now owns 4,280 shares in the company, valued at $685,356.40. This represents a 97.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by company insiders.

Chevron Stock Down 1.2 %

Shares of CVX traded down $1.85 during mid-day trading on Wednesday, hitting $156.39. The company's stock had a trading volume of 7,218,959 shares, compared to its average volume of 8,001,297. Chevron Co. has a 52-week low of $135.37 and a 52-week high of $167.11. The company's 50-day moving average is $154.09 and its 200-day moving average is $151.07. 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 has a market capitalization of $281.05 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 1.45 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 EPS for the quarter, beating analysts' consensus estimates of $2.47 by $0.04. Chevron had a net margin of 8.44% and a return on equity of 13.15%. The company had revenue of $50.67 billion during the quarter, compared to analysts' expectations of $48.86 billion. During the same quarter in the prior year, the company posted $3.05 earnings per share. Chevron's revenue for the quarter was down 6.3% compared to the same quarter last year. On average, equities research analysts forecast that Chevron Co. will post 10.18 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th were paid a dividend of $1.63 per share. 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 4.17%. Chevron's payout ratio is 71.65%.

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.