Guardian Wealth Advisors LLC Has $884,000 Position in Chevron Co. (NYSE:CVX)

Guardian Wealth Advisors LLC grew its position in shares of Chevron Co. (NYSE:CVX) by 3.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,999 shares of the oil and gas company’s stock after purchasing an additional 200 shares during the quarter. Chevron makes up 0.5% of Guardian Wealth Advisors LLC’s holdings, making the stock its 23rd biggest holding. Guardian Wealth Advisors LLC’s holdings in Chevron were worth $884,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. W.G. Shaheen & Associates DBA Whitney & Co boosted its position in Chevron by 5.4% during the 3rd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 29,591 shares of the oil and gas company’s stock worth $4,358,000 after buying an additional 1,503 shares during the period. First City Capital Management Inc. raised its stake in shares of Chevron by 21.3% during the third quarter. First City Capital Management Inc. now owns 18,549 shares of the oil and gas company’s stock valued at $2,732,000 after acquiring an additional 3,251 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Chevron by 12.5% during the third quarter. Fifth Third Wealth Advisors LLC now owns 36,999 shares of the oil and gas company’s stock worth $5,449,000 after purchasing an additional 4,113 shares during the period. Wrapmanager Inc. grew its stake in shares of Chevron by 4.8% in the third quarter. Wrapmanager Inc. now owns 8,913 shares of the oil and gas company’s stock worth $1,313,000 after purchasing an additional 408 shares during the last quarter. Finally, BIP Wealth LLC increased its holdings in Chevron by 141.2% in the third quarter. BIP Wealth LLC now owns 7,188 shares of the oil and gas company’s stock valued at $1,059,000 after purchasing an additional 4,208 shares during the period. 72.42% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Chevron

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of the firm’s stock in a transaction 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 directly owns 4,280 shares in the company, valued at approximately $685,356.40. This trade represents a 97.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CVX shares. Barclays increased their price target on Chevron from $168.00 to $174.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. DZ Bank upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a report on Tuesday, November 5th. Royal Bank of Canada boosted their price target on shares of Chevron from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Bank of America started coverage on shares of Chevron in a research note on Thursday, October 17th. They set a “buy” rating and a $168.00 target price for the company. Finally, Wells Fargo & Company cut their price target on shares of Chevron from $196.00 to $169.00 and set an “overweight” rating on the stock in a research report on Friday, September 27th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $174.93.

Chevron Price Performance

Shares of NYSE:CVX opened at $160.78 on Tuesday. The stock’s 50 day moving average is $149.80 and its 200-day moving average is $152.57. Chevron Co. has a twelve month low of $135.37 and a twelve month high of $167.11. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $288.94 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 3.63 and a beta of 1.09.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.04. The firm had revenue of $50.67 billion for the quarter, compared to the consensus estimate of $48.86 billion. Chevron had a net margin of 8.44% and a return on equity of 13.15%. The business’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.05 earnings per share. Sell-side analysts forecast that Chevron Co. will post 10.55 EPS for the current fiscal year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date is Monday, November 18th. Chevron’s dividend payout ratio is currently 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.