Koshinski Asset Management Inc. Has $3.81 Million Stake in Chevron Co. (NYSE:CVX)

Koshinski Asset Management Inc. lowered its stake in Chevron Co. (NYSE:CVX) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,296 shares of the oil and gas company’s stock after selling 430 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Chevron were worth $3,809,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Priebe Wealth Holdings LLC bought a new position in Chevron in the fourth quarter worth approximately $230,000. Central Bank & Trust Co. raised its position in shares of Chevron by 8.2% during the fourth quarter. Central Bank & Trust Co. now owns 5,272 shares of the oil and gas company’s stock worth $764,000 after purchasing an additional 399 shares during the period. Sky Investment Group LLC lifted its holdings in shares of Chevron by 0.4% in the 4th quarter. Sky Investment Group LLC now owns 56,299 shares of the oil and gas company’s stock worth $8,154,000 after purchasing an additional 221 shares in the last quarter. Wealthquest Corp increased its stake in Chevron by 1.8% during the 4th quarter. Wealthquest Corp now owns 5,317 shares of the oil and gas company’s stock valued at $770,000 after purchasing an additional 95 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its holdings in Chevron by 0.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 18,167 shares of the oil and gas company’s stock worth $2,631,000 after buying an additional 144 shares during the last quarter. 72.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Raymond James boosted their target price on shares of Chevron from $175.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Barclays increased their price objective on Chevron from $168.00 to $174.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Royal Bank of Canada lifted their target price on Chevron from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Wells Fargo & Company raised their price objective on Chevron from $171.00 to $188.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Finally, Citigroup upgraded shares of 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 note on Tuesday, November 26th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $175.27.

Chevron Price Performance

Chevron stock opened at $158.16 on Wednesday. The business’s 50 day simple moving average is $154.03 and its 200 day simple moving average is $151.04. Chevron Co. has a 12 month low of $135.37 and a 12 month high of $167.11. The company has a market cap of $284.23 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 1.46 and a beta of 1.12. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $2.51 earnings per share 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 company had revenue of $50.67 billion during the quarter, compared to the consensus estimate of $48.86 billion. During the same quarter in the prior year, the company earned $3.05 EPS. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. Sell-side analysts forecast that Chevron Co. will post 10.21 EPS for the current year.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend was Monday, November 18th. Chevron’s dividend payout ratio (DPR) is currently 71.65%.

Insider Buying and Selling

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of the stock in a transaction 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 sale, the chief executive officer now owns 4,280 shares in the company, valued at $685,356.40. This represents a 97.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.20% of the stock is owned by insiders.

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.