Chevron Co. (NYSE:CVX) Shares Acquired by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. increased its stake in Chevron Co. (NYSE:CVX) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 216,593 shares of the oil and gas company’s stock after buying an additional 3,603 shares during the quarter. Chevron comprises about 2.3% of Guyasuta Investment Advisors Inc.’s holdings, making the stock its 14th biggest position. Guyasuta Investment Advisors Inc.’s holdings in Chevron were worth $32,307,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Picton Mahoney Asset Management acquired a new stake in Chevron in the 3rd quarter valued at about $26,000. Valley Forge Investment Consultants Inc. ADV lifted its holdings in Chevron by 80.0% in the 3rd 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 last quarter. Valued Wealth Advisors LLC acquired a new stake in Chevron in the 4th quarter valued at about $33,000. Legacy Financial Group LLC acquired a new stake in Chevron in the 3rd quarter valued at about $43,000. Finally, Roble Belko & Company Inc lifted its holdings in Chevron by 77.3% in the 4th quarter. Roble Belko & Company Inc now owns 344 shares of the oil and gas company’s stock valued at $51,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insiders Place Their Bets

In other news, VP Alana K. Knowles sold 2,800 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $160.09, for a total value 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.20% of the company’s stock.

Chevron Stock Up 0.5 %

NYSE:CVX traded up $0.81 during mid-day trading on Monday, reaching $166.70. The stock had a trading volume of 3,261,611 shares, compared to its average volume of 8,415,352. The stock has a market cap of $309.61 billion, a P/E ratio of 15.35, a PEG ratio of 2.44 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.27 and a quick ratio of 1.01. The business’s 50 day moving average is $156.58 and its 200 day moving average is $151.66. Chevron Co. has a fifty-two week low of $139.62 and a fifty-two week high of $171.70.

Chevron (NYSE:CVX) last announced its earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.09. The firm had revenue of $48.72 billion during the quarter, compared to analysts’ expectations of $48.42 billion. Chevron had a return on equity of 14.38% and a net margin of 10.21%. The company’s revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.55 earnings per share. As a group, sell-side analysts predict that Chevron Co. will post 13.58 earnings per share for the current year.

Chevron Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 17th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $6.52 dividend on an annualized basis and a yield of 3.91%. Chevron’s payout ratio is currently 59.98%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Barclays assumed coverage on shares of Chevron in a report on Wednesday, April 10th. They issued an “overweight” rating and a $203.00 price target for the company. UBS Group upped their price objective on shares of Chevron from $185.00 to $197.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. 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 note on Wednesday, March 20th. Jefferies Financial Group raised shares of Chevron from a “hold” rating to a “buy” rating and set a $184.00 price objective for the company in a research note on Monday, January 8th. Finally, Wells Fargo & Company upped their price objective on shares of Chevron from $185.00 to $198.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $185.25.

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.