Wealth Enhancement Advisory Services LLC Buys 157,272 Shares of Chevron Co. (NYSE:CVX)

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Chevron Co. (NYSE:CVX - Free Report) by 17.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,038,871 shares of the oil and gas company's stock after buying an additional 157,272 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.06% of Chevron worth $152,995,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in Chevron in the 3rd quarter worth about $29,000. Rational Advisors LLC acquired a new position in Chevron in the 3rd quarter worth about $29,000. Darwin Wealth Management LLC acquired a new position in Chevron in the 3rd quarter worth about $30,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Chevron in the 3rd quarter valued at about $31,000. Finally, Cyrus J. Lawrence LLC grew its position 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 valued at $39,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company's stock.

Insider Transactions at Chevron

In related news, CEO Michael K. Wirth sold 164,600 shares of the 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 sale, the chief executive officer now directly owns 4,280 shares of the company's stock, valued at approximately $685,356.40. This trade represents a 97.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Truist Financial upped their price target on Chevron from $155.00 to $160.00 and gave the company a "hold" rating in a research report on Friday, December 6th. 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 report on Tuesday, November 5th. Citigroup upgraded Chevron from a "neutral" rating to a "buy" rating and upped their target price for the company from $145.00 to $185.00 in a research report on Tuesday, November 26th. Wells Fargo & Company upped their target price on Chevron from $171.00 to $188.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. Finally, Mizuho cut their target price on Chevron from $205.00 to $189.00 and set an "outperform" rating on the stock in a research report on Monday, September 16th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Chevron presently has an average rating of "Moderate Buy" and an average price target of $174.60.

Chevron Stock Up 2.0 %

Shares of Chevron stock traded up $2.99 on Friday, hitting $153.29. The company had a trading volume of 11,072,996 shares, compared to its average volume of 7,553,708. The stock has a market capitalization of $275.48 billion, a price-to-earnings ratio of 16.85, a P/E/G ratio of 2.93 and a beta of 1.12. Chevron Co. has a 1 year low of $135.37 and a 1 year high of $167.11. The stock has a 50 day moving average of $153.69 and a 200-day moving average of $151.04. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07.

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $2.51 EPS for the quarter, topping the consensus estimate of $2.47 by $0.04. The firm had revenue of $50.67 billion during 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%. The company's quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $3.05 earnings per share. As a group, sell-side analysts forecast that Chevron Co. will post 10.5 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. Stockholders of record on Monday, November 18th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend was Monday, November 18th. Chevron's dividend payout ratio (DPR) is presently 71.65%.

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.