TrueWealth Advisors LLC Purchases 3,696 Shares of Chevron Co. (NYSE:CVX)

TrueWealth Advisors LLC grew its stake in shares of Chevron Co. (NYSE:CVX - Free Report) by 46.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,589 shares of the oil and gas company's stock after acquiring an additional 3,696 shares during the quarter. TrueWealth Advisors LLC's holdings in Chevron were worth $1,679,000 as of its most recent SEC filing.

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

Chevron Price Performance

Shares of CVX stock traded up $2.16 during trading hours on Friday, hitting $161.54. The stock had a trading volume of 9,233,657 shares, compared to its average volume of 7,835,055. 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 stock has a market capitalization of $290.30 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 2.62 and a beta of 1.12. Chevron Co. has a one year low of $135.37 and a one year high of $167.11. The stock's 50-day moving average price is $153.93 and its two-hundred day moving average price is $151.05.

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

Chevron Announces Dividend

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

Analyst Ratings Changes

CVX has been the subject of a number of research reports. Raymond James upped their target price on shares of Chevron from $175.00 to $180.00 and gave the company an "outperform" rating in a report on Friday. Citigroup raised Chevron from a "neutral" rating to a "buy" rating and raised their target price for the stock from $145.00 to $185.00 in a report on Tuesday, November 26th. Wells Fargo & Company upped their price target on Chevron from $171.00 to $188.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. Royal Bank of Canada lifted their price objective on Chevron from $170.00 to $175.00 and gave the company an "outperform" rating in a research report on Monday, November 4th. Finally, UBS Group raised their target price on shares of Chevron from $194.00 to $195.00 and gave the stock a "buy" rating in a research note on Tuesday, December 3rd. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $175.27.

Insider Transactions at Chevron

In other news, CEO Michael K. Wirth sold 164,600 shares of the business'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 transaction, the chief executive officer now owns 4,280 shares of the company's stock, valued at approximately $685,356.40. The trade was a 97.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.20% of the company's stock.

Chevron Company 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.