United Capital Financial Advisors LLC Purchases 2,615 Shares of Chevron Co. (NYSE:CVX)

United Capital Financial Advisors LLC raised its stake in shares of Chevron Co. (NYSE:CVX - Free Report) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 249,517 shares of the oil and gas company's stock after purchasing an additional 2,615 shares during the period. United Capital Financial Advisors LLC's holdings in Chevron were worth $36,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. IMG Wealth Management Inc. purchased a new stake in Chevron during the 4th quarter valued at about $25,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Chevron during the 4th quarter worth about $29,000. Fairway Wealth LLC boosted its stake in shares of Chevron by 75.9% in the fourth quarter. Fairway Wealth LLC now owns 204 shares of the oil and gas company's stock worth $30,000 after acquiring an additional 88 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new stake in shares of Chevron in the fourth quarter valued at about $39,000. Finally, Prudent Man Investment Management Inc. purchased a new position in Chevron in the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 72.42% of the company's stock.

Insider Activity

In other news, VP Jeff B. Gustavson sold 9,325 shares of the business'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 completion of the sale, the vice president now directly owns 1,057 shares in the company, valued at approximately $161,192.50. The trade was a 89.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.20% of the company's stock.

Chevron Stock Up 1.7 %

NYSE CVX traded up $2.32 during trading hours on Friday, hitting $137.68. The company had a trading volume of 8,423,604 shares, compared to its average volume of 7,913,168. Chevron Co. has a fifty-two week low of $132.04 and a fifty-two week high of $168.96. 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 company has a market capitalization of $242.39 billion, a price-to-earnings ratio of 14.16, a P/E/G ratio of 1.46 and a beta of 0.93. The firm's 50 day moving average is $153.94 and its 200 day moving average is $153.50.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $2.06 earnings per share 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 prior year, the company posted $3.45 EPS. Sell-side analysts anticipate that Chevron Co. will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a $1.71 dividend. This is a positive change from Chevron's previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Friday, February 14th. This represents a $6.84 annualized dividend and a dividend yield of 4.97%. Chevron's dividend payout ratio is 70.37%.

Analyst Ratings Changes

Several research firms have recently weighed in on CVX. UBS Group dropped their price target on shares of Chevron from $194.00 to $185.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Wells Fargo & Company cut 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 Tuesday. Royal Bank of Canada reiterated an "outperform" rating and issued a $175.00 price target on shares of Chevron in a research note on Monday, February 3rd. BNP Paribas cut Chevron to a "cautious" rating in a research report on Tuesday. Finally, Barclays dropped their price target on Chevron from $174.00 to $171.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $169.50.

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.