Chevron Co. (NYSE:CVX) Shares Acquired by Sterling Investment Advisors Ltd.

Sterling Investment Advisors Ltd. grew its stake in Chevron Co. (NYSE:CVX) by 7.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,186 shares of the oil and gas company’s stock after purchasing an additional 1,875 shares during the quarter. Sterling Investment Advisors Ltd.’s holdings in Chevron were worth $3,793,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Life Planning Partners Inc acquired a new stake in Chevron during the fourth quarter worth about $25,000. Rational Advisors LLC acquired a new stake in Chevron during the third quarter worth about $29,000. Legacy Investment Solutions LLC acquired a new stake in Chevron during the third quarter worth about $29,000. Darwin Wealth Management LLC acquired a new stake in Chevron during the third quarter worth about $30,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in Chevron during the third quarter worth about $31,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Stock Up 0.6 %

CVX stock opened at $157.85 on Tuesday. Chevron Co. has a 12 month low of $135.37 and a 12 month high of $167.11. The firm has a market cap of $283.68 billion, a PE ratio of 16.24, a P/E/G ratio of 1.46 and a beta of 1.11. The firm has a 50 day simple moving average of $152.14 and a 200 day simple moving average of $151.20. 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 (NYSE:CVX) last released 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 last year, the business earned $3.45 EPS. Equities research analysts forecast that Chevron Co. will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be given a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Chevron’s previous quarterly dividend of $1.63. Chevron’s dividend payout ratio is 70.37%.

Wall Street Analyst Weigh In

Several research analysts have commented on CVX shares. Wells Fargo & Company decreased their target price on shares of Chevron from $188.00 to $184.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Citigroup upgraded shares of Chevron from a “neutral” rating to a “buy” rating and upped their target price for the stock from $145.00 to $185.00 in a research report on Tuesday, November 26th. Barclays decreased their target price on shares of Chevron from $174.00 to $171.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Truist Financial decreased their target price on shares of Chevron from $164.00 to $160.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. Finally, DZ Bank upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a research report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $174.13.

Insider Activity at Chevron

In related news, VP Jeff B. Gustavson sold 9,325 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 1,057 shares in the company, valued at approximately $161,192.50. This represents a 89.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is owned by insiders.

Chevron Company 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.