Chevron Co. (NYSE:CVX) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. trimmed its stake in shares of Chevron Co. (NYSE:CVX) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,972 shares of the oil and gas company’s stock after selling 1,067 shares during the quarter. Foster & Motley Inc.’s holdings in Chevron were worth $4,172,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in CVX. Wedge Capital Management L L P NC increased its position in Chevron by 4.6% in the 3rd quarter. Wedge Capital Management L L P NC now owns 3,088 shares of the oil and gas company’s stock valued at $521,000 after acquiring an additional 135 shares during the period. PSI Advisors LLC increased its position in Chevron by 5.7% in the 3rd quarter. PSI Advisors LLC now owns 11,050 shares of the oil and gas company’s stock valued at $1,863,000 after acquiring an additional 591 shares during the period. Cornell Pochily Investment Advisors Inc. increased its position in Chevron by 1.5% in the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 11,867 shares of the oil and gas company’s stock valued at $2,001,000 after acquiring an additional 174 shares during the period. Cliftonlarsonallen Wealth Advisors LLC increased its position in Chevron by 0.8% in the 3rd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 11,687 shares of the oil and gas company’s stock valued at $1,971,000 after acquiring an additional 89 shares during the period. Finally, City Holding Co. increased its position in Chevron by 0.5% in the 3rd quarter. City Holding Co. now owns 40,822 shares of the oil and gas company’s stock valued at $6,883,000 after acquiring an additional 206 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Chevron

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

Chevron Price Performance

Shares of NYSE:CVX opened at $161.51 on Tuesday. 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 1 year low of $139.62 and a 1 year high of $172.38. The business has a fifty day simple moving average of $155.63 and a 200 day simple moving average of $151.66. The firm has a market cap of $299.97 billion, a price-to-earnings ratio of 14.26, a P/E/G ratio of 2.36 and a beta of 1.12.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.19 by $0.26. Chevron had a return on equity of 15.24% and a net margin of 10.63%. The business had revenue of $47.18 billion during the quarter, compared to analyst estimates of $50.93 billion. During the same period last year, the company earned $4.09 earnings per share. Chevron’s quarterly revenue was down 16.5% compared to the same quarter last year. As a group, sell-side analysts predict that Chevron Co. will post 13.58 earnings per share for the current fiscal year.

Chevron Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were issued a dividend of $1.63 per share. This is a positive change from Chevron’s previous quarterly dividend of $1.51. This represents a $6.52 annualized dividend and a yield of 4.04%. The ex-dividend date was Thursday, February 15th. Chevron’s dividend payout ratio (DPR) is 57.39%.

Analyst Ratings Changes

CVX has been the topic of several analyst reports. Truist Financial lowered their target price on Chevron from $168.00 to $156.00 and set a “hold” rating on the stock in a research report on Friday, April 5th. Mizuho increased their price target on Chevron from $195.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Jefferies Financial Group raised Chevron from a “hold” rating to a “buy” rating and set a $184.00 price target for the company in a research note on Monday, January 8th. Royal Bank of Canada increased their price target on Chevron from $185.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. Finally, Raymond James increased their price target on Chevron from $170.00 to $174.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Chevron currently has a consensus rating of “Moderate Buy” and an average target price of $184.75.

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.