Embree Financial Group Decreases Stock Holdings in Chevron Co. (NYSE:CVX)

Embree Financial Group lowered its position in shares of Chevron Co. (NYSE:CVX) by 7.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,689 shares of the oil and gas company’s stock after selling 814 shares during the quarter. Embree Financial Group’s holdings in Chevron were worth $1,403,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Marshall Financial Group LLC lifted its holdings in Chevron by 37.0% in the 4th quarter. Marshall Financial Group LLC now owns 1,879 shares of the oil and gas company’s stock worth $272,000 after buying an additional 507 shares during the period. RTD Financial Advisors Inc. lifted its stake in Chevron by 14.9% in the fourth quarter. RTD Financial Advisors Inc. now owns 2,811 shares of the oil and gas company’s stock worth $407,000 after acquiring an additional 364 shares during the period. Jamison Private Wealth Management Inc. boosted its holdings in Chevron by 23.9% in the fourth quarter. Jamison Private Wealth Management Inc. now owns 48,411 shares of the oil and gas company’s stock valued at $7,012,000 after acquiring an additional 9,342 shares in the last quarter. Archford Capital Strategies LLC increased its position in Chevron by 0.9% during the 4th quarter. Archford Capital Strategies LLC now owns 11,117 shares of the oil and gas company’s stock valued at $1,610,000 after purchasing an additional 97 shares during the period. Finally, Precedent Wealth Partners LLC raised its holdings in Chevron by 7.1% in the 4th quarter. Precedent Wealth Partners LLC now owns 11,647 shares of the oil and gas company’s stock worth $1,687,000 after purchasing an additional 775 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.

Insider Transactions at Chevron

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of Chevron stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $160.13, for a total value 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. The trade was a 97.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.

Chevron Trading Down 0.3 %

Shares of NYSE CVX opened at $155.62 on Monday. The firm’s 50 day moving average price is $153.81 and its 200-day moving average price is $151.14. Chevron Co. has a 52-week low of $135.37 and a 52-week high of $167.11. 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 company has a market cap of $279.66 billion, a PE ratio of 17.10, a P/E/G ratio of 1.37 and a beta of 1.12.

Chevron (NYSE:CVX) last issued its earnings results on Friday, November 1st. The oil and gas company reported $2.51 EPS for the quarter, beating 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 business had revenue of $50.67 billion for the quarter, compared to the consensus estimate of $48.86 billion. During the same period last year, the business posted $3.05 EPS. The company’s revenue was down 6.3% compared to the same quarter last year. On average, equities research analysts expect that Chevron Co. will post 10.18 EPS for the current fiscal year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders 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 4.19%. The ex-dividend date was Monday, November 18th. Chevron’s dividend payout ratio is currently 71.65%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of Chevron from $171.00 to $188.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Truist Financial upped their target price on Chevron from $160.00 to $164.00 and gave the stock a “hold” rating in a report on Monday, January 13th. DZ Bank upgraded Chevron from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a research note on Tuesday, November 5th. Scotiabank reduced their price target on Chevron from $180.00 to $163.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Finally, Citigroup raised Chevron from a “neutral” rating to a “buy” rating and raised their price objective for the company from $145.00 to $185.00 in a research report on Tuesday, November 26th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.