Everett Harris & Co. CA Grows Stock Holdings in Chevron Co. (NYSE:CVX)

Everett Harris & Co. CA boosted its holdings in Chevron Co. (NYSE:CVX) by 0.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 598,645 shares of the oil and gas company’s stock after buying an additional 3,323 shares during the quarter. Chevron makes up about 1.1% of Everett Harris & Co. CA’s holdings, making the stock its 20th largest position. Everett Harris & Co. CA’s holdings in Chevron were worth $86,708,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. N.E.W. Advisory Services LLC boosted its holdings in Chevron by 9.4% in the fourth quarter. N.E.W. Advisory Services LLC now owns 2,078 shares of the oil and gas company’s stock valued at $301,000 after purchasing an additional 178 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in shares of Chevron in the 4th quarter valued at $1,046,000. Austin Private Wealth LLC boosted its holdings in shares of Chevron by 14.3% in the 4th quarter. Austin Private Wealth LLC now owns 6,244 shares of the oil and gas company’s stock valued at $904,000 after buying an additional 781 shares in the last quarter. Great Diamond Partners LLC grew its position in shares of Chevron by 3.7% in the 4th quarter. Great Diamond Partners LLC now owns 2,285 shares of the oil and gas company’s stock valued at $331,000 after buying an additional 82 shares during the last quarter. Finally, GFS Advisors LLC raised its stake in Chevron by 2.6% during the 4th quarter. GFS Advisors LLC now owns 62,526 shares of the oil and gas company’s stock worth $9,056,000 after acquiring an additional 1,582 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CVX shares. UBS Group raised their price objective on Chevron from $194.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Raymond James lifted their price target on Chevron from $175.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Wells Fargo & Company increased 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. Piper Sandler cut their target price on shares of Chevron from $184.00 to $173.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Finally, Barclays increased their price target on shares of Chevron from $168.00 to $174.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $175.27.

Insider Transactions at Chevron

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 approximately $685,356.40. This represents a 97.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.20% of the company’s stock.

Chevron Stock Down 4.5 %

CVX stock opened at $149.21 on Friday. Chevron Co. has a 52 week low of $135.37 and a 52 week high of $167.11. 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 company has a market cap of $268.14 billion, a P/E ratio of 16.40, a P/E/G ratio of 1.35 and a beta of 1.12. The company’s 50-day moving average price is $153.46 and its 200 day moving average price is $151.20.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.42 by ($0.36). Chevron had a net margin of 8.44% and a return on equity of 13.15%. During the same period in the previous year, the company earned $3.45 earnings per share. On average, research analysts expect that Chevron Co. will post 10.18 earnings per share for the current fiscal year.

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.