Chevron Co. (NYSE:CVX) Shares Sold by ARS Wealth Advisors Group LLC

ARS Wealth Advisors Group LLC lowered its stake in Chevron Co. (NYSE:CVX) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,213 shares of the oil and gas company’s stock after selling 4,231 shares during the quarter. Chevron comprises 1.4% of ARS Wealth Advisors Group LLC’s portfolio, making the stock its 27th largest position. ARS Wealth Advisors Group LLC’s holdings in Chevron were worth $9,280,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Knuff & Co LLC grew its stake in Chevron by 2.5% during the 4th quarter. Knuff & Co LLC now owns 12,759 shares of the oil and gas company’s stock valued at $1,903,000 after purchasing an additional 310 shares in the last quarter. Sapient Capital LLC acquired a new position in shares of Chevron in the 4th quarter worth approximately $55,471,000. Axxcess Wealth Management LLC grew its position in shares of Chevron by 12.7% in the 4th quarter. Axxcess Wealth Management LLC now owns 94,846 shares of the oil and gas company’s stock worth $14,147,000 after acquiring an additional 10,705 shares in the last quarter. Signature Resources Capital Management LLC acquired a new position in shares of Chevron in the 4th quarter worth approximately $127,000. Finally, Power Wealth Management LLC acquired a new position in shares of Chevron in the 4th quarter worth approximately $554,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Trading Down 0.3 %

Shares of Chevron stock traded down $0.48 on Friday, reaching $160.25. 11,664,505 shares of the company were exchanged, compared to its average volume of 7,516,580. The firm has a market capitalization of $297.63 billion, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 2.37 and a beta of 1.11. Chevron Co. has a fifty-two week low of $139.62 and a fifty-two week high of $171.70. The company has a current ratio of 1.27, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average price of $157.26 and a 200-day moving average price of $151.76.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.09. Chevron had a return on equity of 14.38% and a net margin of 10.21%. The business had revenue of $48.72 billion for the quarter, compared to analyst estimates of $48.42 billion. During the same period last year, the company earned $3.55 EPS. The firm’s revenue was down 4.1% on a year-over-year basis. On average, analysts expect that Chevron Co. will post 13.53 EPS for the current year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.07%. The ex-dividend date is Thursday, May 16th. Chevron’s payout ratio is presently 59.98%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Barclays started coverage on Chevron in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $203.00 target price for the company. Truist Financial reduced their price objective on Chevron from $168.00 to $156.00 and set a “hold” rating for the company in a research report on Friday, April 5th. Piper Sandler boosted their price objective on Chevron from $180.00 to $204.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. HSBC boosted their price objective on Chevron from $175.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Finally, Royal Bank of Canada boosted their price target on Chevron from $185.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $185.35.

Insider Buying and Selling

In related news, VP Alana K. Knowles sold 2,800 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $165.00, for a total transaction of $462,000.00. Following the sale, the vice president now owns 276 shares of the company’s stock, valued at approximately $45,540. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is currently owned by company insiders.

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.