Strata Wealth Advisors LLC acquired a new stake in shares of Chevron Co. (NYSE:CVX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,755 shares of the oil and gas company's stock, valued at approximately $544,000.
Other institutional investors have also bought and sold shares of the company. Legacy Investment Solutions LLC bought 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 valued at $29,000. Darwin Wealth Management LLC purchased a new stake in shares of Chevron in the third quarter valued at $30,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Chevron in the third quarter valued at $31,000. Finally, New Wave Wealth Advisors LLC purchased a new stake in shares of Chevron in the fourth quarter valued at $39,000. Institutional investors own 72.42% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the stock. UBS Group reduced their target price on shares of Chevron from $195.00 to $194.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. DZ Bank raised shares of Chevron from a "hold" rating to a "buy" rating and set a $170.00 target price on the stock in a research note on Tuesday, November 5th. 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. Barclays reduced their target price on shares of Chevron from $174.00 to $171.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $175.00 target price on shares of Chevron in a research note on Monday, February 3rd. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Chevron presently has an average rating of "Moderate Buy" and a consensus target price of $174.13.
Get Our Latest Stock Report on Chevron
Chevron Stock Down 1.2 %
NYSE CVX traded down $1.87 during trading on Friday, reaching $156.92. 6,686,883 shares of the company's stock traded hands, compared to its average volume of 6,690,703. 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 has a market cap of $282.00 billion, a price-to-earnings ratio of 16.14, a price-to-earnings-growth ratio of 1.46 and a beta of 1.11. The company's 50 day simple moving average is $151.97 and its two-hundred day simple moving average is $150.99. Chevron Co. has a 12-month low of $135.37 and a 12-month high of $167.11.
Chevron (NYSE:CVX - Get Free Report) last posted its earnings results on Friday, January 31st. The oil and gas company reported $2.06 EPS for the quarter, missing analysts' consensus estimates 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 posted $3.45 EPS. As a group, sell-side analysts forecast that Chevron Co. will post 10.79 EPS for the current fiscal year.
Chevron Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Chevron's previous quarterly dividend of $1.63. Chevron's payout ratio is currently 70.37%.
Insiders Place Their Bets
In other news, VP Jeff B. Gustavson sold 9,325 shares of the company's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $152.50, for a total value of $1,422,062.50. Following the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is owned by insiders.
Chevron Company Profile
(
Free Report)
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.
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