Chevron Co. (NYSE:CVX) Shares Sold by Stratos Investment Management LLC

Stratos Investment Management LLC cut its holdings in shares of Chevron Co. (NYSE:CVX - Free Report) by 9.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,336 shares of the oil and gas company's stock after selling 3,001 shares during the quarter. Stratos Investment Management LLC's holdings in Chevron were worth $4,394,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Rational Advisors LLC acquired a new stake in Chevron during the third quarter worth about $29,000. Legacy Investment Solutions LLC bought a new position in Chevron in the 3rd quarter valued at approximately $29,000. Darwin Wealth Management LLC bought a new position in Chevron in the 3rd quarter valued at approximately $30,000. RPg Family Wealth Advisory LLC bought a new position in Chevron in the 3rd quarter valued at approximately $31,000. Finally, New Wave Wealth Advisors LLC bought a new position in Chevron in the 4th quarter valued at approximately $39,000. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron Trading Down 0.1 %

Shares of Chevron stock traded down $0.21 during midday trading on Wednesday, reaching $153.01. 6,530,573 shares of the company's stock traded hands, compared to its average volume of 7,976,874. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07. The company has a market cap of $274.98 billion, a PE ratio of 15.74, a price-to-earnings-growth ratio of 1.29 and a beta of 1.11. The stock has a 50 day moving average of $152.79 and a 200-day moving average of $150.89. 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 issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.42 by ($0.36). Chevron had a return on equity of 11.44% and a net margin of 8.71%. During the same period in the previous year, the firm earned $3.45 earnings per share. As a group, equities analysts expect that Chevron Co. will post 11.45 EPS for the current fiscal year.

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be issued a $1.71 dividend. This is an increase from Chevron's previous quarterly dividend of $1.63. The ex-dividend date is Friday, February 14th. This represents a $6.84 dividend on an annualized basis and a yield of 4.47%. Chevron's dividend payout ratio is currently 67.08%.

Analysts Set New Price Targets

Several research firms have issued reports on CVX. UBS Group lowered their price target on shares of Chevron from $195.00 to $194.00 and set a "buy" rating for the company in a report on Monday. DZ Bank raised shares of Chevron from a "hold" rating to a "buy" rating and set a $170.00 price target for the company in a research report on Tuesday, November 5th. Scotiabank dropped their price objective on Chevron from $180.00 to $163.00 and set a "sector outperform" rating on the stock in a research note on Thursday, October 10th. Barclays lowered their target price on Chevron from $174.00 to $171.00 and set an "overweight" rating on the stock in a research note on Wednesday. Finally, Raymond James lowered their target price on Chevron from $180.00 to $175.00 and set an "outperform" rating on the stock in a research note on Monday. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $174.13.

Insider Buying and Selling at Chevron

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 4,280 shares in the company, valued at $685,356.40. This trade represents a 97.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.20% of the stock is owned by corporate insiders.

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.