Chevron Co. (NYSE:CVX) Shares Purchased by Helen Stephens Group LLC

Helen Stephens Group LLC grew its holdings in shares of Chevron Co. (NYSE:CVX) by 4.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,489 shares of the oil and gas company’s stock after acquiring an additional 159 shares during the quarter. Helen Stephens Group LLC’s holdings in Chevron were worth $505,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rational Advisors LLC acquired a new position in shares of Chevron during the third quarter valued at approximately $29,000. Legacy Investment Solutions LLC acquired a new position in shares of Chevron during the 3rd quarter valued at $29,000. Darwin Wealth Management LLC acquired a new stake in shares of Chevron in the third quarter valued at $30,000. RPg Family Wealth Advisory LLC bought a new position in Chevron during the third quarter valued at about $31,000. Finally, Cyrus J. Lawrence LLC grew its holdings in Chevron by 66.7% during the second quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 100 shares during the period. Institutional investors own 72.42% of the company’s stock.

Chevron Stock Performance

CVX stock opened at $161.54 on Friday. The firm has a 50 day simple moving average of $153.93 and a 200 day simple moving average of $151.09. Chevron Co. has a 52 week low of $135.37 and a 52 week high of $167.11. The stock has a market cap of $290.30 billion, a P/E ratio of 17.75, a P/E/G ratio of 2.62 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $2.51 EPS for the quarter, beating the consensus estimate of $2.47 by $0.04. Chevron had a net margin of 8.44% and a return on equity of 13.15%. The business had revenue of $50.67 billion for the quarter, compared to analysts’ expectations of $48.86 billion. During the same period in the previous year, the company posted $3.05 EPS. Chevron’s revenue was down 6.3% on a year-over-year basis. Research analysts anticipate that Chevron Co. will post 10.39 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend was Monday, November 18th. Chevron’s dividend payout ratio (DPR) is presently 71.65%.

Insider Activity at Chevron

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of Chevron 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 completion of the sale, the chief executive officer now directly owns 4,280 shares in the company, valued at $685,356.40. The trade was 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 available through the SEC website. 0.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada raised their price objective on shares of Chevron from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Scotiabank decreased their price target on shares of Chevron from $180.00 to $163.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. DZ Bank upgraded Chevron from a “hold” rating to a “buy” rating and set a $170.00 price objective for the company in a research report on Tuesday, November 5th. Raymond James lifted their target price on Chevron from $175.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Truist Financial upped their target price on Chevron from $160.00 to $164.00 and gave the company a “hold” rating in a report on Monday, January 13th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $175.27.

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.