Chevron Co. (NYSE:CVX) Stock Holdings Lowered by Catalyst Financial Partners LLC

Catalyst Financial Partners LLC lowered its position in shares of Chevron Co. (NYSE:CVX) by 16.2% in the 4th quarter, Holdings Channel reports. The fund owned 7,425 shares of the oil and gas company’s stock after selling 1,438 shares during the period. Catalyst Financial Partners LLC’s holdings in Chevron were worth $1,108,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Pioneer Trust Bank N A OR grew its position in shares of Chevron by 5.6% during the fourth quarter. Pioneer Trust Bank N A OR now owns 57,260 shares of the oil and gas company’s stock worth $8,541,000 after acquiring an additional 3,045 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its position in Chevron by 2.5% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 20,127 shares of the oil and gas company’s stock valued at $3,002,000 after buying an additional 483 shares in the last quarter. National Pension Service grew its position in Chevron by 2.1% in the 4th quarter. National Pension Service now owns 2,878,056 shares of the oil and gas company’s stock valued at $429,291,000 after buying an additional 60,515 shares in the last quarter. Verus Financial Partners Inc. grew its position in Chevron by 7.8% in the 4th quarter. Verus Financial Partners Inc. now owns 1,907 shares of the oil and gas company’s stock valued at $284,000 after buying an additional 138 shares in the last quarter. Finally, Meridian Wealth Advisors LLC grew its position in Chevron by 14.5% in the 4th quarter. Meridian Wealth Advisors LLC now owns 7,626 shares of the oil and gas company’s stock valued at $1,137,000 after buying an additional 967 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.

Insider Buying and Selling

In related news, VP Alana K. Knowles sold 2,800 shares of the stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $165.00, for a total value of $462,000.00. Following the transaction, the vice president now owns 276 shares in the company, valued at $45,540. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Chevron news, VP Alana K. Knowles sold 2,800 shares of the stock in a transaction that occurred 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 transaction, the vice president now owns 276 shares in the company, valued at $45,540. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Enrique Hernandez, Jr. sold 5,098 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $163.50, for a total value of $833,523.00. Following the transaction, the director now owns 2,549 shares in the company, valued at approximately $416,761.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,247 shares of company stock worth $2,154,164. Insiders own 0.20% of the company’s stock.

Chevron Stock Up 1.8 %

Shares of NYSE CVX traded up $2.95 during mid-day trading on Thursday, reaching $165.49. The company had a trading volume of 6,682,814 shares, compared to its average volume of 8,426,376. The stock has a fifty day moving average of $157.82 and a two-hundred day moving average of $151.53. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.93 and a current ratio of 1.23. The company has a market capitalization of $305.66 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 2.37 and a beta of 1.11. Chevron Co. has a 12-month low of $139.62 and a 12-month high of $171.70.

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 analysts’ consensus estimates of $2.84 by $0.09. Chevron had a net margin of 10.21% and a return on equity of 14.40%. The business had revenue of $48.72 billion during the quarter, compared to analyst estimates of $48.42 billion. During the same period in the prior year, the firm earned $3.55 earnings per share. The firm’s revenue was down 4.1% compared to the same quarter last year. As a group, equities research analysts expect that Chevron Co. will post 13.53 EPS for the current year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be issued a $1.63 dividend. 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 3.94%. Chevron’s dividend payout ratio is currently 59.98%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Raymond James increased 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, April 15th. Mizuho increased their target price 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. Truist Financial decreased their target price on shares of Chevron from $168.00 to $156.00 and set a “hold” rating for the company in a research report on Friday, April 5th. UBS Group raised their price objective 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. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Chevron in a research report on Monday, April 1st. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Chevron has a consensus rating of “Moderate Buy” and a consensus price target of $185.35.

About Chevron

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.