Chevron Co. (NYSE:CVX) Shares Sold by Collective Family Office LLC

Collective Family Office LLC trimmed its stake in Chevron Co. (NYSE:CVX) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,256 shares of the oil and gas company’s stock after selling 185 shares during the quarter. Collective Family Office LLC’s holdings in Chevron were worth $761,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Lantz Financial LLC boosted its stake 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 during the last quarter. Strategic Financial Concepts LLC grew its stake in Chevron by 4,325.4% in the 2nd quarter. Strategic Financial Concepts LLC now owns 258,043 shares of the oil and gas company’s stock worth $404,000 after acquiring an additional 252,212 shares during the period. Acadian Asset Management LLC raised its holdings in Chevron by 594.0% in the 2nd quarter. Acadian Asset Management LLC now owns 141,091 shares of the oil and gas company’s stock valued at $22,062,000 after acquiring an additional 120,760 shares during the last quarter. Lane & Associates LLC raised its holdings in Chevron by 14.2% in the 2nd quarter. Lane & Associates LLC now owns 2,495 shares of the oil and gas company’s stock valued at $390,000 after acquiring an additional 310 shares during the last quarter. Finally, LGT Fund Management Co Ltd. lifted its stake in shares of Chevron by 318.9% during the 2nd quarter. LGT Fund Management Co Ltd. now owns 26,245 shares of the oil and gas company’s stock worth $4,105,000 after purchasing an additional 19,980 shares during the period. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Scotiabank dropped their target price on Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Piper Sandler cut their price objective 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. Wells Fargo & Company boosted their target price on shares of Chevron from $171.00 to $188.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Bank of America initiated coverage on shares of Chevron in a research note on Thursday, October 17th. They set a “buy” rating and a $168.00 price target on the stock. Finally, DZ Bank raised shares of Chevron from a “hold” rating to a “buy” rating and set a $170.00 price objective for the company in a research note on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $175.19.

Insider Buying and Selling at Chevron

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of the firm’s stock in a transaction on 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 directly owns 4,280 shares of the company’s stock, valued at $685,356.40. This trade represents a 97.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by insiders.

Chevron Stock Up 0.3 %

NYSE CVX traded up $0.49 on Wednesday, reaching $150.08. The company had a trading volume of 2,519,497 shares, compared to its average volume of 5,789,500. The firm has a market capitalization of $269.71 billion, a PE ratio of 16.49, a P/E/G ratio of 2.93 and a beta of 1.12. The firm has a 50-day moving average of $153.63 and a 200-day moving average of $151.10. Chevron Co. has a 1 year low of $135.37 and a 1 year high of $167.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80.

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

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors 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 4.34%. The ex-dividend date was Monday, November 18th. Chevron’s dividend payout ratio is currently 71.65%.

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.