Atlas Private Wealth Advisors Has $1.68 Million Position in Chevron Co. (NYSE:CVX)

Atlas Private Wealth Advisors raised its position in Chevron Co. (NYSE:CVX) by 1.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 11,587 shares of the oil and gas company’s stock after acquiring an additional 212 shares during the period. Atlas Private Wealth Advisors’ holdings in Chevron were worth $1,678,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Deerfield Management Company L.P. Series C acquired a new position in Chevron during the second quarter worth $244,000. Scientech Research LLC lifted its stake in Chevron by 132.3% in the second quarter. Scientech Research LLC now owns 5,003 shares of the oil and gas company’s stock valued at $783,000 after acquiring an additional 2,849 shares during the last quarter. Beaird Harris Wealth Management LLC grew its position in shares of Chevron by 26.8% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 5,454 shares of the oil and gas company’s stock valued at $853,000 after acquiring an additional 1,154 shares during the period. Oliver Lagore Vanvalin Investment Group increased its stake in shares of Chevron by 12.2% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 9,396 shares of the oil and gas company’s stock worth $1,470,000 after purchasing an additional 1,022 shares during the last quarter. Finally, Core Wealth Advisors Inc. raised its holdings in shares of Chevron by 7.5% in the 2nd quarter. Core Wealth Advisors Inc. now owns 1,279 shares of the oil and gas company’s stock valued at $200,000 after purchasing an additional 89 shares during the period. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Stock Down 0.3 %

Shares of CVX opened at $155.62 on Friday. 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 $279.66 billion, a PE ratio of 17.10, a P/E/G ratio of 1.37 and a beta of 1.12. The firm’s 50 day moving average is $153.81 and its 200-day moving average is $151.15. Chevron Co. has a 12 month low of $135.37 and a 12 month high of $167.11.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.47 by $0.04. The firm had revenue of $50.67 billion for the quarter, compared to analyst estimates of $48.86 billion. Chevron had a return on equity of 13.15% and a net margin of 8.44%. The company’s revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the company earned $3.05 EPS. Equities research analysts forecast that Chevron Co. will post 10.18 EPS for the current year.

Chevron Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were given a dividend of $1.63 per share. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.19%. Chevron’s dividend payout ratio is 71.65%.

Insiders Place Their Bets

In other news, CEO Michael K. Wirth sold 164,600 shares of the company’s stock in a transaction that occurred 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 sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CVX shares. Truist Financial boosted their price target on Chevron from $160.00 to $164.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Citigroup upgraded Chevron from a “neutral” rating to a “buy” rating and increased their price target for the company from $145.00 to $185.00 in a research note on Tuesday, November 26th. Barclays lifted their price objective on shares of Chevron from $168.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Raymond James increased their price objective on shares of Chevron from $175.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. Finally, Piper Sandler reduced their target price on shares of Chevron from $184.00 to $173.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.27.

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.