U.S. Capital Wealth Advisors LLC Sells 1,396 Shares of Chevron Co. (NYSE:CVX)

U.S. Capital Wealth Advisors LLC cut its stake in Chevron Co. (NYSE:CVX) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 177,695 shares of the oil and gas company’s stock after selling 1,396 shares during the period. Chevron accounts for approximately 0.8% of U.S. Capital Wealth Advisors LLC’s portfolio, making the stock its 15th largest position. U.S. Capital Wealth Advisors LLC’s holdings in Chevron were worth $25,737,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Greenleaf Trust lifted its stake in shares of Chevron by 1.0% in the 4th quarter. Greenleaf Trust now owns 60,910 shares of the oil and gas company’s stock valued at $8,822,000 after purchasing an additional 625 shares during the period. MA Private Wealth bought a new position in Chevron in the fourth quarter worth $495,000. Golden State Equity Partners lifted its position in Chevron by 476.3% during the fourth quarter. Golden State Equity Partners now owns 18,489 shares of the oil and gas company’s stock valued at $2,678,000 after buying an additional 15,281 shares during the period. Spire Wealth Management boosted its holdings in shares of Chevron by 37.9% during the 4th quarter. Spire Wealth Management now owns 41,692 shares of the oil and gas company’s stock valued at $6,039,000 after buying an additional 11,448 shares in the last quarter. Finally, Eagle Bluffs Wealth Management LLC grew its position in shares of Chevron by 10.1% in the 4th quarter. Eagle Bluffs Wealth Management LLC now owns 5,923 shares of the oil and gas company’s stock worth $858,000 after buying an additional 545 shares during the period. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chevron

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $160.13, for a total value of $26,357,398.00. Following the transaction, the chief executive officer now directly owns 4,280 shares in the company, 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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Bank of America began coverage on shares of Chevron in a research note on Thursday, October 17th. They set a “buy” rating and a $168.00 price objective on the stock. DZ Bank upgraded Chevron from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a research note on Tuesday, November 5th. Piper Sandler lowered their price objective on Chevron from $184.00 to $173.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Wells Fargo & Company increased their target price on Chevron from $171.00 to $188.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. 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 investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $175.27.

Chevron Stock Performance

Shares of CVX stock opened at $149.21 on Monday. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average price of $153.19 and a 200-day moving average price of $151.09. Chevron Co. has a 52 week low of $135.37 and a 52 week high of $167.11. The firm has a market capitalization of $268.14 billion, a PE ratio of 15.35, a P/E/G ratio of 1.29 and a beta of 1.11.

Chevron (NYSE:CVX) last posted its earnings results on Friday, January 31st. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.36). Chevron had a return on equity of 11.44% and a net margin of 8.71%. During the same quarter in the prior year, the company posted $3.45 earnings per share. As a group, equities research analysts expect that Chevron Co. will post 11.45 earnings per share for the current year.

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be given a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date is Friday, February 14th. This is a boost from Chevron’s previous quarterly dividend of $1.63. Chevron’s dividend payout ratio is 67.08%.

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.