Regent Peak Wealth Advisors LLC Has $596,000 Stock Position in Chevron Co. (NYSE:CVX)

Regent Peak Wealth Advisors LLC lifted its stake in Chevron Co. (NYSE:CVX) by 4.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,117 shares of the oil and gas company’s stock after buying an additional 168 shares during the period. Regent Peak Wealth Advisors LLC’s holdings in Chevron were worth $596,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CVX. Lantz Financial LLC increased its position in shares of Chevron by 2.7% during the 2nd quarter. Lantz Financial LLC now owns 23,334 shares of the oil and gas company’s stock worth $3,650,000 after purchasing an additional 623 shares in the last quarter. Strategic Financial Concepts LLC raised its stake in shares of Chevron by 4,325.4% in the second quarter. Strategic Financial Concepts LLC now owns 258,043 shares of the oil and gas company’s stock valued at $404,000 after acquiring an additional 252,212 shares during the last quarter. Chris Bulman Inc acquired a new position in shares of Chevron in the 2nd quarter worth approximately $76,000. Acadian Asset Management LLC grew its position in Chevron by 594.0% during the 2nd quarter. Acadian Asset Management LLC now owns 141,091 shares of the oil and gas company’s stock worth $22,062,000 after acquiring an additional 120,760 shares during the last quarter. Finally, Koss Olinger Consulting LLC acquired a new stake in Chevron during the 2nd quarter valued at $318,000. Institutional investors own 72.42% of the company’s stock.

Chevron Trading Up 2.0 %

CVX traded up $3.00 during midday trading on Tuesday, reaching $150.26. 3,325,297 shares of the company were exchanged, compared to its average volume of 5,529,005. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07. The stock has a market capitalization of $270.03 billion, a P/E ratio of 16.51, a PEG ratio of 2.93 and a beta of 1.12. The stock’s 50-day simple moving average is $153.60 and its 200 day simple moving average is $151.14. Chevron Co. has a one year low of $135.37 and a one year high of $167.11.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.04. The firm had revenue of $50.67 billion during the quarter, compared to analysts’ expectations of $48.86 billion. Chevron had a net margin of 8.44% and a return on equity of 13.15%. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.05 earnings per share. As a group, analysts forecast that Chevron Co. will post 10.5 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend was Monday, November 18th. Chevron’s payout ratio is presently 71.65%.

Analysts Set New Price Targets

CVX has been the topic of a number of recent analyst reports. Barclays boosted 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. Piper Sandler reduced their price target on shares of Chevron from $184.00 to $173.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Scotiabank lowered their price objective on shares of Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Truist Financial increased their price target on shares of Chevron from $155.00 to $160.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada boosted their price objective on shares of Chevron from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $175.19.

Insiders Place Their Bets

In other news, CEO Michael K. Wirth sold 164,600 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $685,356.40. This trade represents a 97.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

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.