Chevron Co. (NYSE:CVX) Shares Bought by Windle Wealth LLC

Windle Wealth LLC boosted its position in shares of Chevron Co. (NYSE:CVX) by 12.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,928 shares of the oil and gas company’s stock after buying an additional 4,851 shares during the quarter. Chevron makes up 3.5% of Windle Wealth LLC’s holdings, making the stock its 22nd biggest position. Windle Wealth LLC’s holdings in Chevron were worth $6,469,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New England Asset Management Inc. grew its position in Chevron by 0.4% during the third quarter. New England Asset Management Inc. now owns 38,685 shares of the oil and gas company’s stock valued at $5,697,000 after buying an additional 145 shares during the period. Joseph Group Capital Management grew its position in Chevron by 23.2% during the third quarter. Joseph Group Capital Management now owns 16,393 shares of the oil and gas company’s stock valued at $2,414,000 after buying an additional 3,092 shares during the period. OneAscent Wealth Management LLC acquired a new stake in Chevron during the third quarter valued at $973,000. Nixon Peabody Trust Co. grew its position in Chevron by 11.4% during the third quarter. Nixon Peabody Trust Co. now owns 72,522 shares of the oil and gas company’s stock valued at $10,680,000 after buying an additional 7,432 shares during the period. Finally, MidAtlantic Capital Management Inc. purchased a new position in Chevron during the third quarter valued at $91,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insider Activity at Chevron

In related news, CEO Michael K. Wirth sold 164,600 shares of Chevron stock in a transaction that occurred on Thursday, November 14th. The shares were 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 owns 4,280 shares in the company, valued at approximately $685,356.40. The trade was 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. Company insiders own 0.20% of the company’s stock.

Chevron Price Performance

Shares of CVX opened at $160.78 on Tuesday. Chevron Co. has a 1-year low of $135.37 and a 1-year high of $167.11. The stock has a market cap of $288.94 billion, a PE ratio of 17.67, a P/E/G ratio of 3.63 and a beta of 1.09. The firm has a 50-day simple moving average of $149.80 and a two-hundred day simple moving average of $152.57. 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 announced its quarterly 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. Chevron had a net margin of 8.44% and a return on equity of 13.15%. The business had revenue of $50.67 billion during the quarter, compared to analysts’ expectations of $48.86 billion. During the same period last year, the business earned $3.05 earnings per share. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, analysts forecast that Chevron Co. will post 10.55 EPS for the current year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 18th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date is Monday, November 18th. Chevron’s dividend payout ratio (DPR) is currently 71.65%.

Analysts Set New Price Targets

Several research firms have issued reports on CVX. Wells Fargo & Company decreased their price objective on shares of Chevron from $196.00 to $169.00 and set an “overweight” rating on the stock in a report on Friday, September 27th. Scotiabank decreased their price objective on shares of Chevron from $180.00 to $163.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. UBS Group increased their price objective on shares of Chevron from $192.00 to $194.00 and gave the company a “buy” rating in a report on Monday, November 4th. DZ Bank raised shares of Chevron from a “hold” rating to a “buy” rating and set a $170.00 price objective on the stock in a report on Tuesday, November 5th. Finally, Bank of America initiated coverage on shares of Chevron in a research note on Thursday, October 17th. They issued a “buy” rating and a $168.00 price target on the stock. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Chevron presently has a consensus rating of “Moderate Buy” and an average price target of $174.93.

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.