Guardian Wealth Advisors LLC Acquires 200 Shares of Chevron Co. (NYSE:CVX)

Guardian Wealth Advisors LLC raised its holdings in Chevron Co. (NYSE:CVX) by 3.4% in the third quarter, Holdings Channel reports. The firm owned 5,999 shares of the oil and gas company’s stock after purchasing an additional 200 shares during the period. Chevron accounts for 0.5% of Guardian Wealth Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. Guardian Wealth Advisors LLC’s holdings in Chevron were worth $884,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CVX. China Universal Asset Management Co. Ltd. purchased a new stake in shares of Chevron during the 1st quarter worth approximately $566,000. Empowered Funds LLC lifted its position in shares of Chevron by 5.4% during the 1st quarter. Empowered Funds LLC now owns 429,000 shares of the oil and gas company’s stock valued at $67,670,000 after buying an additional 22,047 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Chevron in the 1st quarter worth about $12,461,000. Ossiam raised its stake in Chevron by 4,198.3% in the 1st quarter. Ossiam now owns 321,640 shares of the oil and gas company’s stock valued at $50,735,000 after acquiring an additional 314,157 shares during the period. Finally, MQS Management LLC lifted its holdings in Chevron by 150.6% during the first quarter. MQS Management LLC now owns 5,986 shares of the oil and gas company’s stock valued at $944,000 after purchasing an additional 3,597 shares during the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron Trading Up 0.6 %

Shares of Chevron stock opened at $160.78 on Tuesday. The company has a 50 day simple moving average of $149.80 and a two-hundred day simple moving average of $152.57. The firm has a market cap of $288.94 billion, a PE ratio of 17.67, a PEG ratio of 3.63 and a beta of 1.09. Chevron Co. has a 1 year low of $135.37 and a 1 year high of $167.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.04. Chevron had a net margin of 8.44% and a return on equity of 13.15%. The company had revenue of $50.67 billion during the quarter, compared to the consensus estimate of $48.86 billion. During the same period in the previous year, the firm posted $3.05 EPS. The firm’s revenue was down 6.3% compared to the same quarter last year. Analysts expect that Chevron Co. will post 10.55 earnings per share for the current fiscal year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 18th will be issued a dividend of $1.63 per share. The ex-dividend date is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.06%. Chevron’s dividend payout ratio is 71.65%.

Insider Buying and Selling

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 transaction of $26,357,398.00. Following the transaction, the chief executive officer now directly owns 4,280 shares of the company’s stock, valued at approximately $685,356.40. This trade represents a 97.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CVX. Barclays lifted their target price on shares of Chevron from $168.00 to $174.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. DZ Bank raised shares of Chevron from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a report on Tuesday, November 5th. Mizuho cut their price target on Chevron from $205.00 to $189.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Truist Financial boosted their price objective on Chevron from $150.00 to $155.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company cut their target price on Chevron from $196.00 to $169.00 and set an “overweight” rating for the company in a research note on Friday, September 27th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.93.

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.