Winthrop Advisory Group LLC Boosts Holdings in Chevron Co. (NYSE:CVX)

Winthrop Advisory Group LLC grew its stake in shares of Chevron Co. (NYSE:CVX) by 9.6% in the fourth quarter, Holdings Channel reports. The firm owned 4,722 shares of the oil and gas company’s stock after acquiring an additional 415 shares during the period. Winthrop Advisory Group LLC’s holdings in Chevron were worth $684,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CVX. Rational Advisors LLC purchased a new stake in shares of Chevron during the third quarter valued at $29,000. Legacy Investment Solutions LLC bought a new stake in shares of Chevron in the third quarter valued at about $29,000. Darwin Wealth Management LLC bought a new stake in shares of Chevron in the third quarter valued at about $30,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Chevron in the third quarter valued at about $31,000. Finally, Cyrus J. Lawrence LLC raised its holdings in shares of Chevron by 66.7% in the second quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 100 shares in the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Michael K. Wirth sold 164,600 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $160.13, for a total transaction of $26,357,398.00. Following the completion of the transaction, the chief executive officer now directly owns 4,280 shares of the company’s stock, valued at $685,356.40. This represents a 97.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.20% of the company’s stock.

Chevron Stock Performance

NYSE CVX traded up $2.70 during trading hours on Monday, reaching $155.84. The stock had a trading volume of 2,424,882 shares, compared to its average volume of 6,708,034. The stock has a fifty day moving average of $153.69 and a 200 day moving average of $150.95. The stock has a market cap of $280.06 billion, a P/E ratio of 17.13, a price-to-earnings-growth ratio of 2.93 and a beta of 1.12. 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.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $2.51 EPS for the quarter, topping the consensus estimate of $2.47 by $0.04. Chevron had a return on equity of 13.15% and a net margin of 8.44%. The business had revenue of $50.67 billion for the quarter, compared to analyst estimates of $48.86 billion. During the same quarter in the prior year, the firm posted $3.05 EPS. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. Sell-side analysts predict that Chevron Co. will post 10.5 earnings per share for the current year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th were given a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.18%. Chevron’s dividend payout ratio is presently 71.65%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wells Fargo & Company lifted their price objective on Chevron from $171.00 to $188.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Barclays lifted their price objective on Chevron from $168.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Royal Bank of Canada boosted their target price on shares of Chevron from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. UBS Group boosted their target price on shares of Chevron from $194.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, Piper Sandler reduced their target price on shares of Chevron from $184.00 to $173.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $174.87.

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.