Chevron Co. (NYSE:CVX) Shares Sold by Pacific Sage Partners LLC

Pacific Sage Partners LLC reduced its holdings in Chevron Co. (NYSE:CVX) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,217 shares of the oil and gas company’s stock after selling 99 shares during the quarter. Pacific Sage Partners LLC’s holdings in Chevron were worth $1,190,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CVX. Czech National Bank boosted its position in shares of Chevron by 6.1% in the third quarter. Czech National Bank now owns 346,490 shares of the oil and gas company’s stock worth $51,028,000 after acquiring an additional 19,878 shares during the last quarter. Azzad Asset Management Inc. ADV raised its stake in Chevron by 3.2% during the third quarter. Azzad Asset Management Inc. ADV now owns 30,489 shares of the oil and gas company’s stock worth $4,490,000 after purchasing an additional 942 shares during the period. Smith Anglin Financial LLC boosted its holdings in shares of Chevron by 4.5% in the 3rd quarter. Smith Anglin Financial LLC now owns 6,384 shares of the oil and gas company’s stock valued at $940,000 after purchasing an additional 275 shares during the last quarter. Chemistry Wealth Management LLC grew its stake in shares of Chevron by 17.7% during the 3rd quarter. Chemistry Wealth Management LLC now owns 4,144 shares of the oil and gas company’s stock valued at $610,000 after buying an additional 622 shares during the period. Finally, Miracle Mile Advisors LLC increased its holdings in shares of Chevron by 1.4% during the 3rd quarter. Miracle Mile Advisors LLC now owns 26,703 shares of the oil and gas company’s stock worth $3,933,000 after buying an additional 372 shares during the last quarter. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Chevron Stock Down 4.5 %

Shares of NYSE CVX opened at $149.21 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07. Chevron Co. has a 1 year low of $135.37 and a 1 year high of $167.11. The stock’s 50-day simple moving average is $153.19 and its 200-day simple moving average is $151.09. The firm has a market cap of $268.14 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 1.29 and a beta of 1.11.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.42 by ($0.36). Chevron had a return on equity of 11.44% and a net margin of 8.71%. During the same period in the previous year, the company earned $3.45 EPS. As a group, equities analysts anticipate that Chevron Co. will post 11.45 earnings per share for the current fiscal year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be paid 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 an increase 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 is 67.08%.

Insiders Place Their Bets

In other news, CEO Michael K. Wirth sold 164,600 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $160.13, for a total transaction of $26,357,398.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Bank of America began coverage on Chevron in a research report on Thursday, October 17th. They set a “buy” rating and a $168.00 price target for the company. Scotiabank decreased 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. DZ Bank upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a report on Tuesday, November 5th. UBS Group boosted their price objective on shares of Chevron from $194.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Finally, Truist Financial raised their target price on shares of Chevron from $160.00 to $164.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.