Orgel Wealth Management LLC decreased its position in Chevron Co. (NYSE:CVX) by 24.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,728 shares of the oil and gas company’s stock after selling 568 shares during the quarter. Orgel Wealth Management LLC’s holdings in Chevron were worth $203,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in CVX. Great West Life Assurance Co. Can increased its stake in shares of Chevron by 4.4% during the 2nd quarter. Great West Life Assurance Co. Can now owns 2,268,937 shares of the oil and gas company’s stock valued at $236,419,000 after acquiring an additional 95,291 shares during the last quarter. Klingenstein Fields & Co. LLC increased its stake in shares of Chevron by 3.1% during the 2nd quarter. Klingenstein Fields & Co. LLC now owns 95,528 shares of the oil and gas company’s stock valued at $9,966,000 after acquiring an additional 2,878 shares during the last quarter. Winfield Associates Inc. increased its stake in shares of Chevron by 5.1% during the 2nd quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock valued at $136,000 after acquiring an additional 63 shares during the last quarter. Terril Brothers Inc. increased its stake in shares of Chevron by 5.4% during the 2nd quarter. Terril Brothers Inc. now owns 2,025 shares of the oil and gas company’s stock valued at $211,000 after acquiring an additional 104 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. increased its stake in shares of Chevron by 1.8% during the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 129,114 shares of the oil and gas company’s stock valued at $13,470,000 after acquiring an additional 2,315 shares during the last quarter. 63.72% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on CVX shares. TheStreet raised shares of Chevron from a “c+” rating to a “b” rating in a research note on Monday, October 23rd. Zacks Investment Research raised shares of Chevron from a “hold” rating to a “buy” rating and set a $131.00 price objective for the company in a research note on Friday, November 10th. Citigroup upped their price objective on shares of Chevron from $118.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Jefferies Group reaffirmed a “buy” rating and set a $137.00 price objective (up previously from $113.54) on shares of Chevron in a research note on Monday, October 30th. Finally, Bank of America set a $125.00 price objective on shares of Chevron and gave the company a “buy” rating in a research note on Saturday, December 2nd. Two analysts have rated the stock with a sell rating, nine have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $130.30.

In other Chevron news, EVP Michael K. Wirth sold 110,771 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $116.17, for a total value of $12,868,267.07. Following the completion of the transaction, the executive vice president now owns 110,771 shares in the company, valued at approximately $12,868,267.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Pierre R. Breber sold 23,250 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $119.00, for a total value of $2,766,750.00. Following the completion of the transaction, the insider now owns 42,182 shares of the company’s stock, valued at approximately $5,019,658. The disclosure for this sale can be found here. In the last three months, insiders have sold 264,021 shares of company stock valued at $30,619,037. Corporate insiders own 0.38% of the company’s stock.

Shares of Chevron Co. (NYSE CVX) opened at $113.29 on Wednesday. The stock has a market cap of $216,490.64, a P/E ratio of 23.36, a P/E/G ratio of 2.24 and a beta of 1.15. Chevron Co. has a 1 year low of $102.55 and a 1 year high of $133.88. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.23.

Chevron (NYSE:CVX) last posted its earnings results on Friday, February 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.27 by ($0.54). The business had revenue of $37.62 billion for the quarter, compared to analyst estimates of $38.43 billion. Chevron had a return on equity of 5.23% and a net margin of 6.49%. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period last year, the company posted $0.22 EPS. analysts expect that Chevron Co. will post 6.36 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Friday, February 16th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date is Thursday, February 15th. This is an increase from Chevron’s previous quarterly dividend of $1.08. Chevron’s dividend payout ratio is 89.07%.

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Chevron Profile

Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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