Chevron Co. (NYSE:CVX) Stock Position Reduced by WestHill Financial Advisors Inc.

WestHill Financial Advisors Inc. decreased its stake in Chevron Co. (NYSE:CVX) by 11.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,860 shares of the oil and gas company’s stock after selling 744 shares during the period. Chevron accounts for 0.2% of WestHill Financial Advisors Inc.’s portfolio, making the stock its 27th largest position. WestHill Financial Advisors Inc.’s holdings in Chevron were worth $874,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Picton Mahoney Asset Management acquired a new stake in shares of Chevron in the third quarter worth about $26,000. Valley Forge Investment Consultants Inc. ADV increased its stake in Chevron by 80.0% during the third quarter. Valley Forge Investment Consultants Inc. ADV now owns 180 shares of the oil and gas company’s stock valued at $30,000 after acquiring an additional 80 shares during the period. Valued Wealth Advisors LLC bought a new position in Chevron during the fourth quarter valued at about $33,000. Worth Asset Management LLC acquired a new stake in Chevron during the first quarter valued at approximately $36,000. Finally, Legacy Financial Group LLC acquired a new stake in Chevron during the third quarter valued at approximately $43,000. Institutional investors own 72.42% of the company’s stock.

Chevron Price Performance

Chevron stock traded up $1.35 during mid-day trading on Thursday, reaching $157.75. The company had a trading volume of 1,283,671 shares, compared to its average volume of 8,478,950. The company has a market cap of $292.98 billion, a P/E ratio of 13.89, a P/E/G ratio of 2.30 and a beta of 1.12. The business has a fifty day simple moving average of $155.19 and a 200 day simple moving average of $151.86. The company has a current ratio of 1.27, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Chevron Co. has a fifty-two week low of $139.62 and a fifty-two week high of $172.38.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $3.45 EPS for the quarter, topping analysts’ consensus estimates of $3.19 by $0.26. The company had revenue of $47.18 billion for the quarter, compared to analyst estimates of $50.93 billion. Chevron had a net margin of 10.63% and a return on equity of 15.24%. Chevron’s revenue was down 16.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.09 earnings per share. On average, equities research analysts predict that Chevron Co. will post 13.56 earnings per share for the current year.

Chevron Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were paid a $1.63 dividend. This is an increase from Chevron’s previous quarterly dividend of $1.51. This represents a $6.52 annualized dividend and a yield of 4.13%. The ex-dividend date was Thursday, February 15th. Chevron’s payout ratio is 57.39%.

Analysts Set New Price Targets

CVX has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on Chevron from $185.00 to $198.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Raymond James upped their target price on shares of Chevron from $170.00 to $174.00 and gave the company an “outperform” rating in a research report on Monday. UBS Group upped their target price on shares of Chevron from $185.00 to $197.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Royal Bank of Canada upped their price objective on shares of Chevron from $185.00 to $190.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. Finally, Mizuho upped their price objective on shares of Chevron from $195.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Chevron currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.75.

Insider Buying and Selling at Chevron

In other news, VP Alana K. Knowles sold 2,800 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $160.09, for a total transaction of $448,252.00. Following the completion of the sale, the vice president now directly owns 276 shares of the company’s stock, valued at $44,184.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.18% of the company’s stock.

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.