Chevron Co. (NYSE:CVX) Shares Sold by Nadler Financial Group Inc.

Nadler Financial Group Inc. trimmed its holdings in shares of Chevron Co. (NYSE:CVX) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,009 shares of the oil and gas company’s stock after selling 116 shares during the quarter. Nadler Financial Group Inc.’s holdings in Chevron were worth $291,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Golden State Equity Partners raised its stake in Chevron by 476.3% in the 4th quarter. Golden State Equity Partners now owns 18,489 shares of the oil and gas company’s stock valued at $2,678,000 after purchasing an additional 15,281 shares during the last quarter. Spire Wealth Management raised its stake in Chevron by 37.9% in the 4th quarter. Spire Wealth Management now owns 41,692 shares of the oil and gas company’s stock valued at $6,039,000 after purchasing an additional 11,448 shares during the last quarter. Eagle Bluffs Wealth Management LLC raised its stake in Chevron by 10.1% in the 4th quarter. Eagle Bluffs Wealth Management LLC now owns 5,923 shares of the oil and gas company’s stock valued at $858,000 after purchasing an additional 545 shares during the last quarter. Journey Strategic Wealth LLC raised its stake in Chevron by 12.0% in the 4th quarter. Journey Strategic Wealth LLC now owns 17,419 shares of the oil and gas company’s stock valued at $2,523,000 after purchasing an additional 1,872 shares during the last quarter. Finally, Osborne Partners Capital Management LLC raised its stake in Chevron by 0.7% in the 4th quarter. Osborne Partners Capital Management LLC now owns 11,351 shares of the oil and gas company’s stock valued at $1,644,000 after purchasing an additional 80 shares during the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron Stock Performance

NYSE CVX opened at $149.21 on Monday. The stock has a fifty day simple moving average of $153.19 and a 200-day simple moving average of $151.09. Chevron Co. has a twelve month low of $135.37 and a twelve month high of $167.11. The stock has a market cap of $268.14 billion, a PE ratio of 15.35, a P/E/G ratio of 1.29 and a beta of 1.11. 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 announced its earnings results on Friday, January 31st. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates 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 previous year, the firm earned $3.45 EPS. Equities analysts anticipate that Chevron Co. will post 11.45 earnings per share for the current year.

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 4.58%. This is a boost from Chevron’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Friday, February 14th. Chevron’s dividend payout ratio (DPR) is 67.08%.

Wall Street Analyst Weigh In

Several research firms recently commented on CVX. Piper Sandler reduced their price objective on Chevron from $184.00 to $173.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Scotiabank dropped their target price on Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Wells Fargo & Company upped their target price on Chevron from $171.00 to $188.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Barclays upped their target price on Chevron from $168.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Finally, Bank of America initiated coverage on Chevron in a report on Thursday, October 17th. They issued a “buy” rating and a $168.00 target price for the company. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Chevron has an average rating of “Moderate Buy” and a consensus target price of $175.27.

Insider Activity at Chevron

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of the stock in a transaction dated 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 $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 available at this link. 0.20% of the stock is currently owned by company insiders.

Chevron 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.