Guyasuta Investment Advisors Inc. Has $35.07 Million Stock Holdings in Chevron Co. (NYSE:CVX)

Guyasuta Investment Advisors Inc. increased its stake in shares of Chevron Co. (NYSE:CVX) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 242,140 shares of the oil and gas company’s stock after purchasing an additional 2,410 shares during the quarter. Chevron makes up about 2.2% of Guyasuta Investment Advisors Inc.’s portfolio, making the stock its 16th largest holding. Guyasuta Investment Advisors Inc.’s holdings in Chevron were worth $35,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the business. Aveo Capital Partners LLC grew its holdings in Chevron by 1.9% during the 4th quarter. Aveo Capital Partners LLC now owns 13,043 shares of the oil and gas company’s stock worth $1,889,000 after acquiring an additional 239 shares during the last quarter. BXM Wealth LLC bought a new stake in Chevron during the 4th quarter worth approximately $1,308,000. Nations Financial Group Inc. IA ADV grew its holdings in Chevron by 1.2% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 37,220 shares of the oil and gas company’s stock worth $5,391,000 after acquiring an additional 437 shares during the last quarter. Constant Guidance Financial LLC bought a new stake in Chevron during the 4th quarter worth approximately $4,257,000. Finally, PUREfi Wealth LLC bought a new stake in Chevron during the 4th quarter worth approximately $320,000. 72.42% of the stock is owned by institutional investors.

Chevron Stock Performance

Shares of CVX stock opened at $155.32 on Friday. The firm has a 50-day moving average of $151.86 and a 200-day moving average of $150.87. The company has a market cap of $279.12 billion, a P/E ratio of 15.98, a P/E/G ratio of 1.39 and a beta of 1.11. 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 Co. has a one year low of $135.37 and a one year high of $167.11.

Chevron (NYSE:CVX) last announced 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 net margin of 8.71% and a return on equity of 11.44%. During the same quarter in the previous year, the company posted $3.45 earnings per share. Equities research analysts forecast that Chevron Co. will post 10.84 EPS for the current fiscal year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date is Friday, February 14th. This is an increase from Chevron’s previous quarterly dividend of $1.63. Chevron’s dividend payout ratio (DPR) is 67.08%.

Analyst Ratings Changes

A number of research firms have recently commented on CVX. Citigroup raised shares of Chevron from a “neutral” rating to a “buy” rating and upped their price objective for the company from $145.00 to $185.00 in a research note on Tuesday, November 26th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of Chevron in a research note on Monday, February 3rd. Barclays reduced their price objective on shares of Chevron from $174.00 to $171.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Raymond James reduced their price objective on shares of Chevron from $180.00 to $175.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. Finally, Truist Financial cut their target price on shares of Chevron from $164.00 to $160.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $174.13.

Insider Buying and Selling

In related news, VP Jeff B. Gustavson sold 9,325 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $152.50, for a total transaction of $1,422,062.50. Following the completion of the sale, the vice president now owns 1,057 shares in the company, valued at approximately $161,192.50. This trade represents a 89.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.20% of the stock is currently owned by corporate 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.