Pure Financial Advisors LLC Has $2.36 Million Position in Chevron Co. (NYSE:CVX)

Pure Financial Advisors LLC increased its position in shares of Chevron Co. (NYSE:CVX - Free Report) by 12.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,276 shares of the oil and gas company's stock after purchasing an additional 1,741 shares during the quarter. Pure Financial Advisors LLC's holdings in Chevron were worth $2,357,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in CVX. Legacy Investment Solutions LLC acquired a new stake in Chevron in the 3rd quarter valued at about $29,000. Rational Advisors LLC acquired a new stake in Chevron in the 3rd quarter valued at about $29,000. Darwin Wealth Management LLC acquired a new stake in Chevron in the 3rd quarter valued at about $30,000. RPg Family Wealth Advisory LLC acquired a new stake in Chevron in the 3rd quarter valued at about $31,000. Finally, Livelsberger Financial Advisory acquired a new stake in Chevron in the 3rd quarter valued at about $47,000. Institutional investors and hedge funds own 72.42% of the company's stock.

Insider Buying and Selling

In related news, CEO Michael K. Wirth sold 164,600 shares of the business's stock in a transaction on Thursday, November 14th. The shares were 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 in the company, valued at approximately $685,356.40. The trade was a 97.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Raymond James raised their target price on shares of Chevron from $175.00 to $180.00 and gave the company an "outperform" rating in a research note on Friday, January 17th. Truist Financial raised their target price on shares of Chevron from $160.00 to $164.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Piper Sandler reduced their target price on shares of Chevron from $184.00 to $173.00 and set an "overweight" rating on the stock in a research note on Thursday, December 19th. DZ Bank raised shares of Chevron from a "hold" rating to a "buy" rating and set a $170.00 price objective on the stock in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company lifted their price objective on shares of Chevron from $171.00 to $188.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $175.27.

Chevron Stock Down 1.2 %

Shares of NYSE CVX traded down $1.85 during midday trading on Wednesday, reaching $156.39. The company's stock had a trading volume of 7,218,959 shares, compared to its average volume of 8,001,297. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. Chevron Co. has a fifty-two week low of $135.37 and a fifty-two week high of $167.11. The stock 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. The stock has a 50 day simple moving average of $154.09 and a 200-day simple moving average of $151.07.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $2.51 earnings per share (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 for the quarter, compared to the consensus estimate of $48.86 billion. During the same period last year, the company earned $3.05 earnings per share. The firm's revenue was down 6.3% compared to the same quarter last year. Equities research analysts predict that Chevron Co. will post 10.18 earnings per share for the current year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were issued a dividend of $1.63 per share. The ex-dividend date 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%.

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.