Chevron Co. (NYSE:CVX) Shares Purchased by Total Wealth Planning LLC

Total Wealth Planning LLC increased its stake in Chevron Co. (NYSE:CVX - Free Report) by 38.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,062 shares of the oil and gas company's stock after acquiring an additional 3,077 shares during the period. Total Wealth Planning LLC's holdings in Chevron were worth $1,602,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Rational Advisors LLC bought a new position in Chevron during the 3rd quarter valued at about $29,000. Legacy Investment Solutions LLC bought a new position in shares of Chevron during the third quarter valued at approximately $29,000. Darwin Wealth Management LLC purchased a new stake in shares of Chevron in the third quarter worth approximately $30,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Chevron during the 3rd quarter worth approximately $31,000. Finally, Cyrus J. Lawrence LLC boosted its holdings in Chevron by 66.7% during the 2nd quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company's stock valued at $39,000 after acquiring an additional 100 shares during the period. 72.42% of the stock is owned by institutional investors.

Insider Buying and Selling at Chevron

In related news, CEO Michael K. Wirth sold 164,600 shares of the company's stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 4,280 shares of the company's stock, valued at approximately $685,356.40. This represents a 97.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.20% of the company's stock.

Chevron Price Performance

Shares of CVX stock traded up $2.16 during mid-day trading on Friday, hitting $161.54. 9,233,657 shares of the stock were exchanged, compared to its average volume of 7,835,055. Chevron Co. has a 52-week low of $135.37 and a 52-week high of $167.11. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. The company has a market cap of $290.30 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 2.62 and a beta of 1.12. The firm has a fifty day moving average of $153.93 and a 200 day moving average of $151.09.

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $2.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.47 by $0.04. The company had revenue of $50.67 billion for the quarter, compared to the consensus estimate of $48.86 billion. Chevron had a return on equity of 13.15% and a net margin of 8.44%. Chevron's revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.05 earnings per share. Research analysts anticipate that Chevron Co. will post 10.39 earnings per share for the current year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend was Monday, November 18th. Chevron's dividend payout ratio is presently 71.65%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CVX. DZ Bank upgraded 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. Royal Bank of Canada raised their price target on shares of Chevron from $170.00 to $175.00 and gave the stock an "outperform" rating in a research note on Monday, November 4th. Bank of America assumed coverage on shares of Chevron in a research report on Thursday, October 17th. They issued a "buy" rating and a $168.00 price objective for the company. Wells Fargo & Company raised their target price on shares of Chevron from $171.00 to $188.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. Finally, Raymond James boosted their price target on Chevron from $175.00 to $180.00 and gave the company an "outperform" rating in a report on Friday. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus 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.