WestHill Financial Advisors Inc. Sells 744 Shares of Chevron Co. (NYSE:CVX)

WestHill Financial Advisors Inc. lessened its stake in Chevron Co. (NYSE:CVX) by 11.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 5,860 shares of the oil and gas company’s stock after selling 744 shares during the quarter. Chevron accounts for 0.2% of WestHill Financial Advisors Inc.’s holdings, making the stock its 27th biggest position. WestHill Financial Advisors Inc.’s holdings in Chevron were worth $874,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Picton Mahoney Asset Management acquired a new position in Chevron during the third quarter worth $26,000. Valley Forge Investment Consultants Inc. ADV lifted its stake in Chevron by 80.0% in the third quarter. Valley Forge Investment Consultants Inc. ADV now owns 180 shares of the oil and gas company’s stock valued at $30,000 after acquiring an additional 80 shares during the last quarter. Valued Wealth Advisors LLC acquired a new stake in Chevron in the fourth quarter valued at $33,000. Worth Asset Management LLC bought a new position in shares of Chevron in the first quarter valued at about $36,000. Finally, Legacy Financial Group LLC bought a new position in shares of Chevron in the third quarter valued at about $43,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insider Buying and Selling

In related news, VP Alana K. Knowles sold 2,800 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $160.09, for a total value of $448,252.00. Following the transaction, the vice president now directly owns 276 shares of the company’s stock, valued at approximately $44,184.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CVX. The Goldman Sachs Group reissued a “buy” rating on shares of Chevron in a research report on Monday, April 1st. UBS Group raised their price target on shares of Chevron from $185.00 to $197.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Raymond James raised their price target on shares of Chevron from $170.00 to $174.00 and gave the stock an “outperform” rating in a research report on Monday. Piper Sandler increased their price objective on shares of Chevron from $180.00 to $204.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Jefferies Financial Group upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $184.00 price objective on the stock in a research note on Monday, January 8th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $184.75.

Chevron Stock Up 0.9 %

CVX traded up $1.35 during mid-day trading on Thursday, reaching $157.75. 1,283,671 shares of the stock were exchanged, compared to its average volume of 8,478,950. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.27. The stock has a market capitalization of $292.98 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 2.30 and a beta of 1.12. The company has a 50 day moving average price of $155.19 and a two-hundred day moving average price of $151.86. Chevron Co. has a 1 year low of $139.62 and a 1 year high of $172.38.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.19 by $0.26. The firm had revenue of $47.18 billion for the quarter, compared to the consensus estimate of $50.93 billion. Chevron had a net margin of 10.63% and a return on equity of 15.24%. The business’s revenue for the quarter was down 16.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.09 EPS. As a group, research analysts anticipate that Chevron Co. will post 13.56 EPS for the current year.

Chevron Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were issued a $1.63 dividend. This is an increase from Chevron’s previous quarterly dividend of $1.51. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend was Thursday, February 15th. Chevron’s payout ratio is 57.39%.

Chevron Company 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.