CFS Investment Advisory Services LLC Has $1.83 Million Position in Chevron Co. (NYSE:CVX)

CFS Investment Advisory Services LLC trimmed its position in shares of Chevron Co. (NYSE:CVX) by 28.7% during the fourth quarter, HoldingsChannel reports. The firm owned 12,599 shares of the oil and gas company’s stock after selling 5,060 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in Chevron were worth $1,825,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Deerfield Management Company L.P. Series C bought a new stake in shares of Chevron during the second quarter worth $244,000. Scientech Research LLC increased its position in shares of Chevron by 132.3% during the second quarter. Scientech Research LLC now owns 5,003 shares of the oil and gas company’s stock worth $783,000 after acquiring an additional 2,849 shares in the last quarter. Kathmere Capital Management LLC increased its position in shares of Chevron by 6.4% during the second quarter. Kathmere Capital Management LLC now owns 2,759 shares of the oil and gas company’s stock worth $432,000 after acquiring an additional 167 shares in the last quarter. Creative Planning boosted its position in shares of Chevron by 1.8% during the second quarter. Creative Planning now owns 569,660 shares of the oil and gas company’s stock worth $89,106,000 after buying an additional 10,291 shares during the period. Finally, Copperwynd Financial LLC boosted its position in shares of Chevron by 15.8% during the second quarter. Copperwynd Financial LLC now owns 5,110 shares of the oil and gas company’s stock worth $820,000 after buying an additional 696 shares during the period. 72.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on CVX. Truist Financial upped their price objective on Chevron from $160.00 to $164.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Raymond James raised their target price on shares of Chevron from $175.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. Citigroup upgraded shares of Chevron from a “neutral” rating to a “buy” rating and raised their target price for the company from $145.00 to $185.00 in a research note on Tuesday, November 26th. Royal Bank of Canada increased their price target on Chevron from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Finally, UBS Group increased their price target on Chevron from $194.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $175.27.

Insider Buying and Selling 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 value of $26,357,398.00. Following the sale, the chief executive officer now owns 4,280 shares of the company’s stock, valued at approximately $685,356.40. This trade represents a 97.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.

Chevron Price Performance

Shares of NYSE CVX opened at $155.62 on Monday. The stock has a market capitalization of $279.66 billion, a PE ratio of 17.10, a P/E/G ratio of 1.37 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. The business has a fifty day moving average price of $153.81 and a two-hundred day moving average price of $151.14. Chevron Co. has a fifty-two week low of $135.37 and a fifty-two week high of $167.11.

Chevron (NYSE:CVX) last announced its quarterly earnings data 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 firm had revenue of $50.67 billion during the quarter, compared to analysts’ expectations of $48.86 billion. Chevron had a return on equity of 13.15% and a net margin of 8.44%. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.05 EPS. As a group, equities analysts predict that Chevron Co. will post 10.18 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 issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend was 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.