Milestones Administradora de Recursos Ltda. Sells 17,270 Shares of Chevron Co. (NYSE:CVX)

Milestones Administradora de Recursos Ltda. lessened its stake in Chevron Co. (NYSE:CVX) by 36.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,340 shares of the oil and gas company’s stock after selling 17,270 shares during the period. Chevron comprises 2.2% of Milestones Administradora de Recursos Ltda.’s portfolio, making the stock its 11th biggest holding. Milestones Administradora de Recursos Ltda.’s holdings in Chevron were worth $4,394,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Life Planning Partners Inc acquired a new position in Chevron in the fourth quarter worth about $25,000. Rational Advisors LLC acquired a new stake in shares of Chevron during the third quarter worth approximately $29,000. Legacy Investment Solutions LLC acquired a new stake in shares of Chevron during the third quarter worth approximately $29,000. Darwin Wealth Management LLC acquired a new stake in shares of Chevron during the third quarter worth approximately $30,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in shares of Chevron during the third quarter worth approximately $31,000. Institutional investors own 72.42% of the company’s stock.

Insider Buying and Selling

In other Chevron news, VP Jeff B. Gustavson sold 9,325 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $152.50, for a total value of $1,422,062.50. Following the transaction, the vice president now directly owns 1,057 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is owned by insiders.

Chevron Price Performance

Shares of NYSE:CVX opened at $156.57 on Friday. The firm has a 50 day moving average of $152.83 and a 200-day moving average of $151.34. The stock has a market capitalization of $281.36 billion, a PE ratio of 16.11, a PEG ratio of 1.46 and a beta of 1.11. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. Chevron Co. has a 12 month low of $135.37 and a 12 month high of $167.11.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $2.06 earnings per share (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 last year, the firm earned $3.45 EPS. On average, equities research analysts predict that Chevron Co. will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be paid a dividend of $1.71 per share. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Chevron’s previous quarterly dividend of $1.63. This represents a $6.84 annualized dividend and a yield of 4.37%. Chevron’s dividend payout ratio is currently 70.37%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CVX shares. UBS Group dropped their price objective on shares of Chevron from $195.00 to $194.00 and set a “buy” rating for the company in a report on Monday, February 3rd. DZ Bank raised shares of 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. Barclays decreased their price target 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 decreased their price target 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, Citigroup raised shares of Chevron from a “neutral” rating to a “buy” rating and raised their price objective for the company from $145.00 to $185.00 in a research note on Tuesday, November 26th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average 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.