Chevron Co. (NYSE:CVX) Stock Holdings Decreased by Certified Advisory Corp

Certified Advisory Corp lessened its position in Chevron Co. (NYSE:CVX) by 6.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,854 shares of the oil and gas company’s stock after selling 1,158 shares during the quarter. Certified Advisory Corp’s holdings in Chevron were worth $2,296,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cohen Investment Advisors LLC boosted its position in shares of Chevron by 2.5% in the fourth quarter. Cohen Investment Advisors LLC now owns 19,550 shares of the oil and gas company’s stock worth $2,832,000 after buying an additional 474 shares during the period. Ullmann Wealth Partners Group LLC lifted its stake in Chevron by 2.3% in the 4th quarter. Ullmann Wealth Partners Group LLC now owns 3,924 shares of the oil and gas company’s stock worth $568,000 after acquiring an additional 90 shares in the last quarter. Fermata Advisors LLC lifted its stake in Chevron by 1.0% in the 4th quarter. Fermata Advisors LLC now owns 7,945 shares of the oil and gas company’s stock worth $1,151,000 after acquiring an additional 77 shares in the last quarter. Congress Park Capital LLC acquired a new stake in Chevron during the 4th quarter worth about $456,000. Finally, Capital Advisors Wealth Management LLC grew its stake in Chevron by 1.0% during the 4th quarter. Capital Advisors Wealth Management LLC now owns 16,311 shares of the oil and gas company’s stock valued at $2,363,000 after acquiring an additional 165 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Price Performance

Shares of Chevron stock opened at $161.54 on Friday. Chevron Co. has a 1-year low of $135.37 and a 1-year high of $167.11. The firm has a fifty day simple moving average of $153.84 and a 200-day simple moving average of $151.06. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $290.30 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 2.62 and a beta of 1.12.

Chevron (NYSE:CVX) last released its earnings results on Friday, November 1st. The oil and gas company reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.04. The firm had revenue of $50.67 billion during the quarter, compared to analyst estimates of $48.86 billion. Chevron had a net margin of 8.44% and a return on equity of 13.15%. The business’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.05 EPS. On average, sell-side analysts expect that Chevron Co. will post 10.39 earnings per share for the current year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date was Monday, November 18th. Chevron’s dividend payout ratio (DPR) is currently 71.65%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CVX shares. Truist Financial increased their price target on shares of Chevron from $160.00 to $164.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Royal Bank of Canada lifted their target price on shares of Chevron from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. DZ Bank raised shares of Chevron from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a research note on Tuesday, November 5th. Barclays lifted their price objective on Chevron from $168.00 to $174.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Finally, Citigroup raised Chevron from a “neutral” rating to a “buy” rating and upped their target price for the stock from $145.00 to $185.00 in a research report on Tuesday, November 26th. Four 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.com, the company has a consensus rating of “Moderate Buy” and an average target price of $175.27.

Insiders Place Their Bets

In other news, CEO Michael K. Wirth sold 164,600 shares of the company’s 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 completion of the transaction, the chief executive officer now owns 4,280 shares of the company’s stock, valued at approximately $685,356.40. This represents a 97.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

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.