Chevron Co. (NYSE:CVX) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC lowered its holdings in shares of Chevron Co. (NYSE:CVX) by 0.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,207 shares of the oil and gas company’s stock after selling 104 shares during the period. Chevron accounts for 0.6% of SeaCrest Wealth Management LLC’s investment portfolio, making the stock its 22nd largest holding. SeaCrest Wealth Management LLC’s holdings in Chevron were worth $5,679,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Edgestream Partners L.P. purchased a new position in Chevron during the 2nd quarter worth $2,398,000. Financial & Tax Architects LLC raised its position in Chevron by 4.2% during the 2nd quarter. Financial & Tax Architects LLC now owns 37,738 shares of the oil and gas company’s stock worth $5,903,000 after buying an additional 1,524 shares during the last quarter. Wealth Alliance raised its position in Chevron by 24.3% during the 2nd quarter. Wealth Alliance now owns 21,809 shares of the oil and gas company’s stock worth $3,411,000 after buying an additional 4,259 shares during the last quarter. E Fund Management Co. Ltd. raised its position in Chevron by 10.9% during the 2nd quarter. E Fund Management Co. Ltd. now owns 10,858 shares of the oil and gas company’s stock worth $1,698,000 after buying an additional 1,068 shares during the last quarter. Finally, Meridian Wealth Partners LLC raised its position in Chevron by 8.7% during the 2nd quarter. Meridian Wealth Partners LLC now owns 2,450 shares of the oil and gas company’s stock worth $383,000 after buying an additional 197 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insiders Place Their Bets

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of the firm’s 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 sale, the chief executive officer now directly owns 4,280 shares of the company’s stock, valued at $685,356.40. This trade represents a 97.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CVX has been the subject of a number of analyst reports. Bank of America initiated coverage on shares of Chevron in a research report on Thursday, October 17th. They set a “buy” rating and a $168.00 price objective for the company. Barclays upped their price objective on shares of Chevron from $168.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Royal Bank of Canada increased their price target on shares of Chevron from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Monday, November 4th. UBS Group increased their price target on shares of Chevron from $194.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Finally, 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. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Chevron presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.87.

Chevron Stock Performance

NYSE:CVX opened at $158.25 on Thursday. 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 firm has a 50-day moving average price of $153.78 and a two-hundred day moving average price of $150.95. Chevron Co. has a twelve month low of $135.37 and a twelve month high of $167.11. The company has a market capitalization of $284.39 billion, a P/E ratio of 17.39, a price-to-earnings-growth ratio of 2.93 and a beta of 1.12.

Chevron (NYSE:CVX) 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. Chevron had a net margin of 8.44% and a return on equity of 13.15%. The firm had revenue of $50.67 billion during the quarter, compared to the consensus estimate of $48.86 billion. During the same period last year, the firm posted $3.05 EPS. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, research analysts expect that Chevron Co. will post 10.5 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The company also recently declared 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 was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.12%. 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.