San Luis Wealth Advisors LLC Buys 205 Shares of Chevron Co. (NYSE:CVX)

San Luis Wealth Advisors LLC raised its position in shares of Chevron Co. (NYSE:CVX) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,459 shares of the oil and gas company’s stock after buying an additional 205 shares during the period. San Luis Wealth Advisors LLC’s holdings in Chevron were worth $1,080,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CVX. Edgestream Partners L.P. bought a new stake in Chevron during the 2nd quarter valued at approximately $2,398,000. Financial & Tax Architects LLC lifted its position in Chevron by 4.2% during the second quarter. Financial & Tax Architects LLC now owns 37,738 shares of the oil and gas company’s stock valued at $5,903,000 after buying an additional 1,524 shares during the period. Wealth Alliance lifted its position in Chevron by 24.3% during the second quarter. Wealth Alliance now owns 21,809 shares of the oil and gas company’s stock valued at $3,411,000 after buying an additional 4,259 shares during the period. E Fund Management Co. Ltd. grew its position in shares of Chevron by 10.9% in the 2nd quarter. E Fund Management Co. Ltd. now owns 10,858 shares of the oil and gas company’s stock worth $1,698,000 after buying an additional 1,068 shares during the period. Finally, Meridian Wealth Partners LLC increased its stake in shares of Chevron by 8.7% in the 2nd quarter. Meridian Wealth Partners LLC now owns 2,450 shares of the oil and gas company’s stock worth $383,000 after acquiring an additional 197 shares in the last quarter. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Michael K. Wirth sold 164,600 shares of the business’s 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 completion of the sale, the chief executive officer now directly owns 4,280 shares in the company, valued at approximately $685,356.40. The trade was a 97.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.

Chevron Stock Up 0.9 %

Shares of Chevron stock opened at $158.25 on Thursday. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. Chevron Co. has a twelve month low of $135.37 and a twelve month high of $167.11. The company has a market cap of $284.39 billion, a price-to-earnings ratio of 17.39, a price-to-earnings-growth ratio of 2.93 and a beta of 1.12. The company’s 50 day moving average is $153.78 and its 200 day moving average is $150.95.

Chevron (NYSE:CVX) last released its quarterly earnings results 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. The firm had revenue of $50.67 billion for the quarter, compared to the consensus estimate of $48.86 billion. Chevron had a return on equity of 13.15% and a net margin of 8.44%. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period last year, the business posted $3.05 EPS. Research analysts anticipate that Chevron Co. will post 10.5 EPS for the current year.

Chevron Dividend Announcement

The company also recently declared 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. The ex-dividend date was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.12%. Chevron’s dividend payout ratio is currently 71.65%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Royal Bank of Canada boosted their price objective on shares of Chevron from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Truist Financial upped their price target on Chevron from $160.00 to $164.00 and gave the stock a “hold” rating in a research note on Monday. Scotiabank lowered their price objective on Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. DZ Bank raised Chevron from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a research note on Tuesday, November 5th. Finally, UBS Group lifted their price target on Chevron from $194.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Chevron currently has an average rating of “Moderate Buy” and an average price target of $174.87.

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.