Chevron Co. (NYSE:CVX) Holdings Lowered by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC trimmed its holdings in shares of Chevron Co. (NYSE:CVX) by 4.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,004 shares of the oil and gas company’s stock after selling 663 shares during the period. Catalyst Capital Advisors LLC’s holdings in Chevron were worth $2,318,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of CVX. Stratos Wealth Partners LTD. raised its position in Chevron by 0.4% during the third quarter. Stratos Wealth Partners LTD. now owns 70,768 shares of the oil and gas company’s stock valued at $10,422,000 after buying an additional 261 shares during the period. Seamount Financial Group Inc. increased its position in Chevron by 1.8% in the 3rd quarter. Seamount Financial Group Inc. now owns 6,425 shares of the oil and gas company’s stock worth $946,000 after purchasing an additional 115 shares during the last quarter. Embree Financial Group increased its position in Chevron by 6.5% in the 3rd quarter. Embree Financial Group now owns 10,503 shares of the oil and gas company’s stock worth $1,547,000 after purchasing an additional 644 shares during the last quarter. Chicago Capital LLC increased its position in Chevron by 3.0% in the 3rd quarter. Chicago Capital LLC now owns 9,733 shares of the oil and gas company’s stock worth $1,433,000 after purchasing an additional 279 shares during the last quarter. Finally, Alta Wealth Advisors LLC increased its position in Chevron by 22.9% in the 3rd quarter. Alta Wealth Advisors LLC now owns 3,344 shares of the oil and gas company’s stock worth $492,000 after purchasing an additional 624 shares during the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron Price Performance

Shares of NYSE:CVX opened at $155.32 on Monday. The business has a 50 day moving average price of $151.86 and a 200 day moving average price of $150.80. Chevron Co. has a twelve month low of $135.37 and a twelve month high of $167.11. The company has a market cap of $279.12 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 1.39 and a beta of 1.11. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX) last announced its quarterly earnings data 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 return on equity of 11.44% and a net margin of 8.71%. During the same period in the prior year, the company posted $3.45 earnings per share. Research analysts predict that Chevron Co. will post 10.84 earnings per share for the current year.

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a $1.71 dividend. The ex-dividend date is Friday, February 14th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.40%. This is an increase from Chevron’s previous quarterly dividend of $1.63. Chevron’s dividend payout ratio (DPR) is currently 67.08%.

Analysts Set New Price Targets

Several brokerages have weighed in on CVX. Wells Fargo & Company dropped their target price on Chevron from $188.00 to $184.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Raymond James dropped their target price on Chevron from $180.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Piper Sandler dropped their target price on Chevron from $184.00 to $173.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Royal Bank of Canada reissued an “outperform” rating and set a $175.00 price objective on shares of Chevron in a report on Monday, February 3rd. Finally, Truist Financial lowered their price objective on Chevron from $164.00 to $160.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $174.13.

Insider Buying and Selling

In related news, VP Jeff B. Gustavson sold 9,325 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 1,057 shares in the company, valued at $161,192.50. This trade represents a 89.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by corporate insiders.

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.