Signature Estate & Investment Advisors LLC Has $57.43 Million Position in Chevron Co. (NYSE:CVX)

Signature Estate & Investment Advisors LLC increased its stake in shares of Chevron Co. (NYSE:CVX) by 1.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 396,518 shares of the oil and gas company’s stock after buying an additional 7,139 shares during the quarter. Chevron comprises approximately 1.4% of Signature Estate & Investment Advisors LLC’s investment portfolio, making the stock its 23rd biggest position. Signature Estate & Investment Advisors LLC’s holdings in Chevron were worth $57,432,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Heritage Wealth Management Inc. CA grew its stake in shares of Chevron by 43.0% during the fourth quarter. Heritage Wealth Management Inc. CA now owns 1,842 shares of the oil and gas company’s stock worth $267,000 after buying an additional 554 shares during the last quarter. Zions Bancorporation N.A. boosted its holdings in shares of Chevron by 49.0% during the 4th quarter. Zions Bancorporation N.A. now owns 67,516 shares of the oil and gas company’s stock valued at $9,779,000 after acquiring an additional 22,198 shares in the last quarter. Ashton Thomas Securities LLC grew its position in Chevron by 12.9% during the 4th quarter. Ashton Thomas Securities LLC now owns 3,387 shares of the oil and gas company’s stock worth $492,000 after acquiring an additional 386 shares during the last quarter. Princeton Capital Management LLC increased its holdings in Chevron by 4.4% in the 4th quarter. Princeton Capital Management LLC now owns 2,732 shares of the oil and gas company’s stock worth $396,000 after purchasing an additional 114 shares in the last quarter. Finally, Prospect Financial Group LLC bought a new position in Chevron in the fourth quarter valued at about $239,000. Institutional investors own 72.42% of the company’s stock.

Insider Buying and Selling

In related news, VP Jeff B. Gustavson sold 9,325 shares of Chevron stock in a transaction on Friday, February 7th. The stock was sold at an average price of $152.50, for a total transaction of $1,422,062.50. Following the sale, the vice president now directly owns 1,057 shares in the company, valued at approximately $161,192.50. This trade represents a 89.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by company insiders.

Chevron Trading Up 0.2 %

CVX opened at $165.10 on Tuesday. The company has a fifty day moving average price of $156.49 and a two-hundred day moving average price of $152.81. Chevron Co. has a 1-year low of $135.37 and a 1-year high of $167.11. The company has a market cap of $290.68 billion, a P/E ratio of 16.99, a price-to-earnings-growth ratio of 1.46 and a beta of 1.08. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.42 by ($0.36). Chevron had a net margin of 8.71% and a return on equity of 11.44%. During the same period in the prior year, the company posted $3.45 EPS. Analysts predict that Chevron Co. will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $1.71 per share. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Chevron’s previous quarterly dividend of $1.63. This represents a $6.84 annualized dividend and a dividend yield of 4.14%. Chevron’s payout ratio is presently 70.37%.

Analyst Ratings Changes

CVX has been the topic of several research reports. Raymond James reduced their price target on Chevron from $180.00 to $175.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. Barclays reduced their target price on shares of Chevron from $174.00 to $171.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. UBS Group cut their price target on shares of Chevron from $195.00 to $194.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Wells Fargo & Company decreased their price objective on Chevron from $188.00 to $184.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Finally, Piper Sandler lowered their target price on Chevron from $184.00 to $173.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $174.13.

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.