Chevron Co. (NYSE:CVX) Shares Sold by Cambridge Advisors Inc.

Cambridge Advisors Inc. lowered its position in shares of Chevron Co. (NYSE:CVX) by 7.1% during the fourth quarter, Holdings Channel reports. The firm owned 5,588 shares of the oil and gas company’s stock after selling 425 shares during the quarter. Cambridge Advisors Inc.’s holdings in Chevron were worth $809,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in CVX. Rational Advisors LLC purchased a new position in Chevron during the 3rd quarter worth $29,000. Legacy Investment Solutions LLC purchased a new position in shares of Chevron during the third quarter worth about $29,000. Darwin Wealth Management LLC acquired a new position in Chevron in the 3rd quarter valued at about $30,000. RPg Family Wealth Advisory LLC purchased a new stake in Chevron during the 3rd quarter valued at approximately $31,000. Finally, Cyrus J. Lawrence LLC lifted its position in Chevron by 66.7% during 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 period. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron Trading Up 1.4 %

NYSE:CVX opened at $161.54 on Monday. The company has a market capitalization of $290.30 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 2.62 and a beta of 1.12. Chevron Co. has a 52-week low of $135.37 and a 52-week high of $167.11. The stock has a fifty day simple moving average of $153.93 and a 200-day simple moving average of $151.05. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $2.51 earnings per share (EPS) 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 company had revenue of $50.67 billion for the quarter, compared to the consensus estimate of $48.86 billion. During the same quarter in the prior year, the firm earned $3.05 earnings per share. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, equities research analysts expect that Chevron Co. will post 10.39 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were issued a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.04%. Chevron’s dividend payout ratio (DPR) is 71.65%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CVX. Citigroup raised Chevron from a “neutral” rating to a “buy” rating and boosted their target price for the company from $145.00 to $185.00 in a report on Tuesday, November 26th. Truist Financial upped their price objective on shares of Chevron from $160.00 to $164.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Barclays lifted their target price on shares of Chevron from $168.00 to $174.00 and gave the company an “overweight” 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 stock a “buy” rating in a report on Tuesday, December 3rd. Finally, Raymond James lifted their price objective on Chevron from $175.00 to $180.00 and gave the company an “outperform” rating in a report on Friday. 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $175.27.

Insider Activity

In related news, CEO Michael K. Wirth sold 164,600 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 4,280 shares of the company’s stock, valued at approximately $685,356.40. The trade was a 97.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.20% of the company’s stock.

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.