Foster & Motley Inc. Has $3.39 Million Stake in Chevron Co. (NYSE:CVX)

Foster & Motley Inc. decreased its holdings in Chevron Co. (NYSE:CVX) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,411 shares of the oil and gas company’s stock after selling 469 shares during the period. Foster & Motley Inc.’s holdings in Chevron were worth $3,391,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Rational Advisors LLC acquired a new position in Chevron in the third quarter worth approximately $29,000. Legacy Investment Solutions LLC acquired a new position in Chevron in the third quarter worth approximately $29,000. Darwin Wealth Management LLC acquired a new position in Chevron in the third quarter worth approximately $30,000. RPg Family Wealth Advisory LLC acquired a new position in Chevron in the third quarter worth approximately $31,000. Finally, Krane Funds Advisors LLC acquired a new position in Chevron in the third quarter worth approximately $47,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Stock Up 0.3 %

Shares of CVX stock opened at $156.19 on Friday. The stock has a market cap of $280.68 billion, a P/E ratio of 17.16, a price-to-earnings-growth ratio of 1.37 and a beta of 1.12. Chevron Co. has a one year low of $135.37 and a one year high of $167.11. The stock has a fifty day moving average price of $153.56 and a 200 day moving average price of $151.16. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80.

Chevron (NYSE:CVX) last issued its earnings results on Friday, November 1st. The oil and gas company reported $2.51 EPS for the quarter, topping 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%. Chevron’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period last year, the business earned $3.05 earnings per share. Analysts predict that Chevron Co. will post 10.18 earnings per share for the current year.

Insider Buying and Selling

In related 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CVX. Barclays increased their price objective on Chevron from $168.00 to $174.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. UBS Group increased their price objective on Chevron from $194.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Scotiabank decreased their target price on Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Raymond James upped their target price on Chevron from $175.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Finally, DZ Bank raised Chevron from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a research report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Chevron presently has a consensus rating of “Moderate Buy” and an average price target of $175.27.

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.