Uniting Wealth Partners LLC Purchases Shares of 5,460 Chevron Co. (NYSE:CVX)

Uniting Wealth Partners LLC acquired a new position in Chevron Co. (NYSE:CVX) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 5,460 shares of the oil and gas company’s stock, valued at approximately $791,000.

Other institutional investors also recently bought and sold shares of the company. DF Dent & Co. Inc. increased its stake in shares of Chevron by 2.4% in the fourth quarter. DF Dent & Co. Inc. now owns 10,460 shares of the oil and gas company’s stock worth $1,515,000 after buying an additional 246 shares during the period. Grant Private Wealth Management Inc bought a new stake in Chevron in the 4th quarter worth $289,000. Allen Wealth Management LLC increased its position in shares of Chevron by 2.2% in the fourth quarter. Allen Wealth Management LLC now owns 27,649 shares of the oil and gas company’s stock valued at $4,005,000 after acquiring an additional 582 shares during the period. Arete Wealth Advisors LLC raised its stake in shares of Chevron by 28.0% during the fourth quarter. Arete Wealth Advisors LLC now owns 20,620 shares of the oil and gas company’s stock valued at $2,987,000 after acquiring an additional 4,508 shares during the last quarter. Finally, World Investment Advisors boosted its holdings in shares of Chevron by 35.4% during the fourth quarter. World Investment Advisors now owns 64,389 shares of the oil and gas company’s stock worth $9,326,000 after purchasing an additional 16,846 shares during the period. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Chevron Trading Down 1.1 %

NYSE CVX opened at $166.62 on Thursday. Chevron Co. has a 12 month low of $135.37 and a 12 month high of $168.96. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The stock’s fifty day moving average price is $157.63 and its 200-day moving average price is $154.08. The stock has a market cap of $293.35 billion, a P/E ratio of 17.14, a P/E/G ratio of 1.46 and a beta of 1.08.

Chevron (NYSE:CVX) last announced its quarterly earnings data 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 earned $3.45 EPS. As a group, equities analysts forecast that Chevron Co. will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a $1.71 dividend. This is a positive change from Chevron’s previous quarterly dividend of $1.63. This represents a $6.84 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date was Friday, February 14th. Chevron’s payout ratio is presently 70.37%.

Analysts Set New Price Targets

A number of research analysts have commented on CVX shares. UBS Group lowered their price target on Chevron from $195.00 to $194.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Raymond James decreased their target price on Chevron from $180.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. Barclays cut their price target on shares of Chevron from $174.00 to $171.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Truist Financial decreased their price objective on shares of Chevron from $164.00 to $160.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $175.00 target price on shares of Chevron in a research note on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $174.13.

Insider Activity at Chevron

In other news, VP Jeff B. Gustavson sold 9,325 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $152.50, for a total transaction of $1,422,062.50. Following the transaction, the vice president now directly owns 1,057 shares of the company’s stock, valued at $161,192.50. This represents a 89.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by 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.