J.W. Cole Advisors Inc. Has $6.50 Million Stock Holdings in Chevron Co. (NYSE:CVX)

J.W. Cole Advisors Inc. grew its holdings in shares of Chevron Co. (NYSE:CVX) by 24.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 43,570 shares of the oil and gas company’s stock after acquiring an additional 8,467 shares during the period. J.W. Cole Advisors Inc.’s holdings in Chevron were worth $6,499,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Castle Wealth Management LLC increased its stake in Chevron by 36.6% in the 4th quarter. Castle Wealth Management LLC now owns 5,474 shares of the oil and gas company’s stock valued at $817,000 after buying an additional 1,467 shares during the last quarter. Kraft Davis & Associates LLC increased its position in shares of Chevron by 333.5% during the fourth quarter. Kraft Davis & Associates LLC now owns 5,393 shares of the oil and gas company’s stock valued at $799,000 after acquiring an additional 4,149 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new stake in Chevron during the fourth quarter worth $270,000. Naples Money Management LLC bought a new position in Chevron in the 4th quarter valued at $255,000. Finally, Tanager Wealth Management LLP increased its position in shares of Chevron by 1.7% during the 4th quarter. Tanager Wealth Management LLP now owns 5,295 shares of the oil and gas company’s stock valued at $790,000 after purchasing an additional 86 shares during the last quarter. 72.42% of the stock is owned by institutional investors.

Chevron Stock Up 1.5 %

Shares of NYSE CVX traded up $2.43 on Friday, reaching $160.00. 7,734,654 shares of the company’s stock traded hands, compared to its average volume of 6,934,255. The company has a quick ratio of 1.01, a current ratio of 1.27 and a debt-to-equity ratio of 0.13. The business’s 50 day simple moving average is $155.44 and its two-hundred day simple moving average is $151.86. Chevron Co. has a 12 month low of $139.62 and a 12 month high of $172.38. The company has a market cap of $297.16 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 2.38 and a beta of 1.12.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.19 by $0.26. Chevron had a return on equity of 15.24% and a net margin of 10.63%. The business had revenue of $47.18 billion during the quarter, compared to analysts’ expectations of $50.93 billion. During the same quarter in the previous year, the business earned $4.09 earnings per share. The firm’s quarterly revenue was down 16.5% compared to the same quarter last year. As a group, equities research analysts forecast that Chevron Co. will post 13.27 EPS for the current fiscal year.

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were paid a $1.63 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $6.52 annualized dividend and a dividend yield of 4.08%. This is a boost from Chevron’s previous quarterly dividend of $1.51. Chevron’s payout ratio is currently 57.39%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CVX shares. Scotiabank raised shares of Chevron from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $170.00 to $195.00 in a report on Thursday, April 11th. TD Cowen downgraded Chevron from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $170.00 to $150.00 in a research note on Tuesday, January 23rd. Wells Fargo & Company increased their target price on shares of Chevron from $185.00 to $198.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Barclays initiated coverage on Chevron in a report on Wednesday, April 10th. They set an “overweight” rating and a $203.00 price objective on the stock. Finally, Jefferies Financial Group upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $184.00 price target for the company in a research report on Monday, January 8th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Chevron presently has a consensus rating of “Moderate Buy” and an average price target of $184.75.

Insider Activity at Chevron

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

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.