Whitener Capital Management Inc. Has $3.12 Million Stock Position in Chevron Co. (NYSE:CVX)

Whitener Capital Management Inc. boosted its stake in Chevron Co. (NYSE:CVX - Free Report) by 13.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,569 shares of the oil and gas company's stock after acquiring an additional 2,513 shares during the quarter. Chevron comprises about 0.9% of Whitener Capital Management Inc.'s holdings, making the stock its 25th largest holding. Whitener Capital Management Inc.'s holdings in Chevron were worth $3,124,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Rational Advisors LLC acquired a new stake in Chevron during the 3rd quarter valued at $29,000. Legacy Investment Solutions LLC acquired a new stake in shares of Chevron during the third quarter valued at about $29,000. Darwin Wealth Management LLC purchased a new stake in shares of Chevron during the third quarter worth about $30,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Chevron in the third quarter worth about $31,000. Finally, Cyrus J. Lawrence LLC boosted its holdings in Chevron by 66.7% in the second quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company's stock valued at $39,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company's stock.

Analyst Ratings Changes

CVX has been the topic of a number of recent analyst reports. DZ Bank raised 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. Piper Sandler cut their price target on shares of Chevron from $184.00 to $173.00 and set an "overweight" rating on the stock in a report on Thursday, December 19th. Wells Fargo & Company raised their price objective on shares of Chevron from $171.00 to $188.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. Royal Bank of Canada boosted 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. Finally, Scotiabank cut their price objective on Chevron from $180.00 to $163.00 and set a "sector outperform" rating on the stock in a research note 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 MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $175.27.

Insider Transactions at Chevron

In related news, CEO Michael K. Wirth sold 164,600 shares of the company's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $160.13, for a total value 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 approximately $685,356.40. This represents a 97.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.20% of the company's stock.

Chevron Price Performance

NYSE:CVX traded up $2.16 during mid-day trading on Friday, reaching $161.54. 9,233,657 shares of the stock were exchanged, compared to its average volume of 7,835,055. Chevron Co. has a 1-year low of $135.37 and a 1-year high of $167.11. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The business has a fifty day moving average price of $153.93 and a 200 day moving average price of $151.05. The firm has a market capitalization of $290.30 billion, a PE ratio of 17.75, a PEG ratio of 2.62 and a beta of 1.12.

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

Chevron Announces Dividend

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

About Chevron

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.