Andesa Financial Management Inc. Acquires 4,510 Shares of Chevron Co. (NYSE:CVX)

Andesa Financial Management Inc. increased its holdings in shares of Chevron Co. (NYSE:CVX – Get Rating) by 49.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,634 shares of the oil and gas company’s stock after buying an additional 4,510 shares during the period. Andesa Financial Management Inc.’s holdings in Chevron were worth $1,959,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CVX. Worth Asset Management LLC acquired a new position in Chevron during the first quarter valued at approximately $36,000. Win Advisors Inc. grew its holdings in Chevron by 61.2% during the second quarter. Win Advisors Inc. now owns 316 shares of the oil and gas company’s stock valued at $46,000 after purchasing an additional 120 shares during the period. Joseph P. Lucia & Associates LLC grew its holdings in Chevron by 80.6% during the second quarter. Joseph P. Lucia & Associates LLC now owns 336 shares of the oil and gas company’s stock valued at $49,000 after purchasing an additional 150 shares during the period. Foster Dykema Cabot & Co. Inc. MA acquired a new position in Chevron during the second quarter valued at approximately $69,000. Finally, LFA Lugano Financial Advisors SA acquired a new position in Chevron during the second quarter valued at approximately $72,000. 69.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CVX has been the subject of several research analyst reports. Mizuho cut shares of Chevron from a “buy” rating to a “neutral” rating and upped their price target for the company from $185.00 to $200.00 in a report on Tuesday, January 10th. HSBC upped their price target on shares of Chevron to $187.00 in a report on Friday, December 2nd. StockNews.com initiated coverage on shares of Chevron in a report on Wednesday, October 12th. They issued a “hold” rating for the company. BNP Paribas cut shares of Chevron from a “neutral” rating to an “underperform” rating and set a $190.00 price target for the company. in a report on Wednesday, December 14th. Finally, Bank of America cut shares of Chevron from a “buy” rating to a “neutral” rating and upped their price target for the company from $190.00 to $191.00 in a report on Friday, January 6th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $186.67.

Insiders Place Their Bets

In other Chevron news, VP R. Hewitt Pate sold 32,391 shares of the company’s stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $180.00, for a total transaction of $5,830,380.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, VP R. Hewitt Pate sold 32,391 shares of the stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $180.00, for a total value of $5,830,380.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael K. Wirth sold 55,380 shares of the stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $185.09, for a total transaction of $10,250,284.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 293,563 shares of company stock valued at $53,186,421. 0.32% of the stock is currently owned by corporate insiders.

Chevron Stock Performance

NYSE CVX opened at $180.66 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 1.15 and a debt-to-equity ratio of 0.13. The firm’s fifty day moving average price is $177.53 and its two-hundred day moving average price is $165.74. Chevron Co. has a 1 year low of $122.84 and a 1 year high of $189.68. The firm has a market capitalization of $349.33 billion, a P/E ratio of 10.28, a price-to-earnings-growth ratio of 0.81 and a beta of 1.18.

Chevron (NYSE:CVX – Get Rating) last posted its quarterly earnings results on Friday, October 28th. The oil and gas company reported $5.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.02 by $0.54. Chevron had a net margin of 14.36% and a return on equity of 22.36%. The firm had revenue of $66.64 billion for the quarter, compared to analyst estimates of $61.44 billion. During the same period in the prior year, the firm posted $2.96 earnings per share. The company’s quarterly revenue was up 49.1% compared to the same quarter last year. As a group, research analysts anticipate that Chevron Co. will post 18.91 EPS for the current year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 12th. Shareholders of record on Friday, November 18th were given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend was Thursday, November 17th. Chevron’s dividend payout ratio (DPR) is currently 32.31%.

Chevron Profile

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Chevron Corp. engages in the provision of administrative, financial management, and technology support for energy and chemical operations. It operates through the Upstream and Downstream segments. The Upstream segment consists of the exploration, development, and production of crude oil and natural gas, the liquefaction, transportation, and regasification associated with liquefied natural gas, the transporting of crude oil by major international oil export pipelines, the processing, transporting, storage, and marketing of natural gas, and a gas-to-liquids plant.