Chevron Co. (NYSE:CVX) Shares Bought by RMR Wealth Builders

RMR Wealth Builders increased its stake in Chevron Co. (NYSE:CVX) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,095 shares of the oil and gas company’s stock after acquiring an additional 391 shares during the period. RMR Wealth Builders’ holdings in Chevron were worth $2,621,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Stolper Co grew its stake in shares of Chevron by 1.4% during the 4th quarter. Stolper Co now owns 52,295 shares of the oil and gas company’s stock valued at $7,574,000 after buying an additional 726 shares during the period. ERn Financial LLC boosted its position in shares of Chevron by 1.7% in the fourth quarter. ERn Financial LLC now owns 6,738 shares of the oil and gas company’s stock worth $976,000 after buying an additional 114 shares during the period. BluePath Capital Management LLC acquired a new stake in Chevron in the fourth quarter valued at approximately $215,000. Sawyer & Company Inc increased its position in shares of Chevron by 1.0% during the fourth quarter. Sawyer & Company Inc now owns 12,698 shares of the oil and gas company’s stock worth $1,839,000 after acquiring an additional 120 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. raised its position in shares of Chevron by 5.5% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 8,152 shares of the oil and gas company’s stock valued at $1,181,000 after purchasing an additional 422 shares in the last quarter. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on CVX shares. UBS Group increased their target price on Chevron from $194.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Citigroup upgraded Chevron from a “neutral” rating to a “buy” rating and lifted their target price for the company from $145.00 to $185.00 in a research note on Tuesday, November 26th. Wells Fargo & Company raised their price target on Chevron from $171.00 to $188.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Piper Sandler lowered their price objective on Chevron from $184.00 to $173.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Finally, Royal Bank of Canada boosted their price target on shares of Chevron from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Chevron currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.87.

Insiders Place Their Bets

In related news, CEO Michael K. Wirth sold 164,600 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $160.13, for a total value of $26,357,398.00. Following the completion of the sale, the chief executive officer now owns 4,280 shares in the company, valued at approximately $685,356.40. This represents a 97.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by company insiders.

Chevron Stock Up 0.6 %

Shares of CVX stock opened at $159.33 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07. The stock has a market cap of $286.32 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 2.62 and a beta of 1.12. The business’s fifty day moving average is $153.79 and its 200-day moving average is $151.00. Chevron Co. has a 1 year low of $135.37 and a 1 year high of $167.11.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $2.51 EPS for the quarter, topping the consensus estimate of $2.47 by $0.04. Chevron had a net margin of 8.44% and a return on equity of 13.15%. The firm had revenue of $50.67 billion for the quarter, compared to analysts’ expectations of $48.86 billion. During the same period in the previous year, the business earned $3.05 earnings per share. Chevron’s revenue for the quarter was down 6.3% compared to the same quarter last year. Equities analysts expect that Chevron Co. will post 10.39 earnings per share for the current fiscal year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date was Monday, November 18th. Chevron’s payout ratio is 71.65%.

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.