Wealthcare Advisory Partners LLC Increases Stock Holdings in Chevron Co. (NYSE:CVX)

Wealthcare Advisory Partners LLC increased its position in shares of Chevron Co. (NYSE:CVX - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,659 shares of the oil and gas company's stock after acquiring an additional 1,966 shares during the quarter. Wealthcare Advisory Partners LLC's holdings in Chevron were worth $3,861,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CVX. Rational Advisors LLC acquired a new position in shares of Chevron during the third quarter valued at about $29,000. Legacy Investment Solutions LLC purchased a new stake in Chevron during the 3rd quarter worth approximately $29,000. Darwin Wealth Management LLC acquired a new stake in shares of Chevron during the third quarter worth $30,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Chevron during the third quarter valued at $31,000. Finally, Cyrus J. Lawrence LLC raised its stake in 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 acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company's stock.

Chevron Trading Up 1.4 %

Shares of NYSE CVX traded up $2.16 during trading on Friday, hitting $161.54. 9,233,657 shares of the company were exchanged, compared to its average volume of 7,835,055. 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 Co. has a 12-month low of $135.37 and a 12-month high of $167.11. The company has a fifty day moving average price of $153.93 and a 200-day moving average price of $151.09. The firm has a market capitalization of $290.30 billion, a PE ratio of 17.75, a P/E/G ratio of 2.62 and a beta of 1.12.

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

Chevron Announces Dividend

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

Wall Street Analysts Forecast Growth

CVX has been the topic of a number of research reports. Royal Bank of Canada increased their price objective on Chevron from $170.00 to $175.00 and gave the company an "outperform" rating in a report on Monday, November 4th. Raymond James boosted their target price on shares of Chevron from $175.00 to $180.00 and gave the company an "outperform" rating in a research report on Friday. UBS Group boosted their price objective on Chevron from $194.00 to $195.00 and gave the company a "buy" rating in a report on Tuesday, December 3rd. Barclays lifted their price objective on shares of Chevron from $168.00 to $174.00 and gave the company an "overweight" rating in a report on Monday, November 4th. Finally, Scotiabank dropped their target price on Chevron from $180.00 to $163.00 and set a "sector outperform" rating on the stock in a research report on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $175.27.

Insider Activity

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of Chevron 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 directly owns 4,280 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. Corporate 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.