Capstone Wealth Management Group LLC Sells 315 Shares of Chevron Co. (NYSE:CVX)

Capstone Wealth Management Group LLC lowered its position in Chevron Co. (NYSE:CVX) by 4.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,339 shares of the oil and gas company’s stock after selling 315 shares during the period. Capstone Wealth Management Group LLC’s holdings in Chevron were worth $918,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CVX. Fiduciary Financial Group LLC grew its stake in Chevron by 2.7% during the fourth quarter. Fiduciary Financial Group LLC now owns 4,783 shares of the oil and gas company’s stock valued at $733,000 after acquiring an additional 127 shares in the last quarter. KWB Wealth grew its position in shares of Chevron by 12.1% during the fourth quarter. KWB Wealth now owns 2,007 shares of the oil and gas company’s stock valued at $296,000 after purchasing an additional 216 shares in the last quarter. Ignite Planners LLC increased its holdings in shares of Chevron by 1.3% in the fourth quarter. Ignite Planners LLC now owns 10,797 shares of the oil and gas company’s stock worth $1,596,000 after purchasing an additional 137 shares during the last quarter. Tlwm lifted its position in shares of Chevron by 4.2% in the fourth quarter. Tlwm now owns 9,404 shares of the oil and gas company’s stock worth $1,362,000 after buying an additional 379 shares in the last quarter. Finally, Wallace Advisory Group LLC boosted its stake in Chevron by 0.7% during the fourth quarter. Wallace Advisory Group LLC now owns 44,549 shares of the oil and gas company’s stock valued at $6,561,000 after buying an additional 310 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Insider Buying and Selling at Chevron

In other news, CEO Michael K. Wirth sold 164,600 shares of Chevron 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 transaction, the chief executive officer now directly owns 4,280 shares in the company, valued at approximately $685,356.40. This trade represents a 97.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. DZ Bank upgraded Chevron from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a report on Tuesday, November 5th. Wells Fargo & Company raised their price target on Chevron from $171.00 to $188.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Scotiabank cut their price target on Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. UBS Group raised their price target on Chevron from $194.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Finally, Royal Bank of Canada raised their price target on Chevron from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $174.87.

Chevron Price Performance

Shares of CVX stock opened at $156.85 on Wednesday. Chevron Co. has a 52-week low of $135.37 and a 52-week high of $167.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07. The firm has a market capitalization of $281.87 billion, a P/E ratio of 17.24, a P/E/G ratio of 2.93 and a beta of 1.12. The stock has a 50 day moving average price of $153.78 and a 200 day moving average price of $150.95.

Chevron (NYSE:CVX) last issued its earnings results on Friday, November 1st. The oil and gas company reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.47 by $0.04. The business had revenue of $50.67 billion during the quarter, compared to analyst estimates of $48.86 billion. Chevron had a return on equity of 13.15% and a net margin of 8.44%. Chevron’s revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $3.05 EPS. As a group, sell-side analysts predict that Chevron Co. will post 10.5 earnings per share for the current year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date was Monday, November 18th. Chevron’s dividend payout ratio (DPR) is presently 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.