Chevron Co. (NYSE:CVX) Shares Sold by Walter & Keenan Wealth Management LLC IN ADV

Walter & Keenan Wealth Management LLC IN ADV lessened its position in Chevron Co. (NYSE:CVX) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,015 shares of the oil and gas company’s stock after selling 240 shares during the period. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Chevron were worth $1,161,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CVX. Soltis Investment Advisors LLC raised its stake in shares of Chevron by 12.4% during the fourth quarter. Soltis Investment Advisors LLC now owns 79,500 shares of the oil and gas company’s stock valued at $11,515,000 after purchasing an additional 8,744 shares in the last quarter. Thomas Story & Son LLC increased its stake in Chevron by 43.4% during the 4th quarter. Thomas Story & Son LLC now owns 49,800 shares of the oil and gas company’s stock valued at $7,213,000 after buying an additional 15,080 shares during the period. Silicon Valley Capital Partners raised its position in shares of Chevron by 8.3% during the 4th quarter. Silicon Valley Capital Partners now owns 6,766 shares of the oil and gas company’s stock worth $980,000 after buying an additional 521 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in shares of Chevron in the 4th quarter worth approximately $1,107,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in shares of Chevron in the fourth quarter valued at approximately $178,000. 72.42% of the stock is currently owned by institutional investors.

Chevron Trading Up 0.4 %

Chevron stock opened at $152.54 on Monday. Chevron Co. has a 52 week low of $135.37 and a 52 week high of $167.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07. The firm has a market capitalization of $274.13 billion, a price-to-earnings ratio of 15.69, a P/E/G ratio of 1.39 and a beta of 1.11. The company has a 50 day moving average price of $152.21 and a 200 day moving average price of $150.85.

Chevron (NYSE:CVX) last issued its earnings results on Friday, January 31st. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate 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 period last year, the firm posted $3.45 earnings per share. Research analysts forecast that Chevron Co. will post 10.84 EPS for the current year.

Chevron Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be paid a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 4.48%. The ex-dividend date is Friday, February 14th. This is a boost from Chevron’s previous quarterly dividend of $1.63. Chevron’s payout ratio is 67.08%.

Insider Activity

In other news, CEO Michael K. Wirth sold 164,600 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $685,356.40. This 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 link. 0.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently commented on CVX. Royal Bank of Canada reissued an “outperform” rating and set a $175.00 target price on shares of Chevron in a report on Monday, February 3rd. Truist Financial dropped their price objective on Chevron from $164.00 to $160.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. DZ Bank raised Chevron from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a research note on Tuesday, November 5th. Wells Fargo & Company dropped their price target on shares of Chevron from $188.00 to $184.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Finally, Bank of America assumed coverage on shares of Chevron in a research report on Thursday, October 17th. They set a “buy” rating and a $168.00 price objective for the company. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.13.

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.