Kiley Juergens Wealth Management LLC Sells 682 Shares of Chevron Co. (NYSE:CVX)

Kiley Juergens Wealth Management LLC decreased its stake in shares of Chevron Co. (NYSE:CVX) by 4.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 14,167 shares of the oil and gas company’s stock after selling 682 shares during the quarter. Kiley Juergens Wealth Management LLC’s holdings in Chevron were worth $2,113,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Picton Mahoney Asset Management bought a new stake in Chevron in the third quarter valued at about $26,000. Valley Forge Investment Consultants Inc. ADV increased its stake in Chevron by 80.0% in the third 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 period. Valued Wealth Advisors LLC bought a new stake in Chevron in the fourth quarter valued at about $33,000. Worth Asset Management LLC acquired a new position in Chevron in the first quarter valued at about $36,000. Finally, Legacy Financial Group LLC acquired a new position in Chevron in the third quarter valued at about $43,000. Institutional investors own 72.42% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on CVX. Scotiabank upgraded shares of Chevron from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $170.00 to $195.00 in a research report on Thursday, April 11th. Barclays began coverage on shares of Chevron in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $203.00 price target on the stock. UBS Group boosted their price target 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. Royal Bank of Canada boosted their price target on shares of Chevron from $185.00 to $190.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. Finally, Raymond James increased their price target on shares of Chevron from $170.00 to $174.00 and gave the company an “outperform” rating in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $183.55.

Chevron Stock Performance

Shares of CVX traded down $1.31 during midday trading on Wednesday, reaching $156.28. The stock had a trading volume of 5,541,895 shares, compared to its average volume of 7,275,755. The firm has a 50 day simple moving average of $155.11 and a 200-day simple moving average of $151.83. Chevron Co. has a one year low of $139.62 and a one year high of $172.54. The firm has a market cap of $290.25 billion, a PE ratio of 13.76, a P/E/G ratio of 2.37 and a beta of 1.12. 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 (NYSE:CVX) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.26. Chevron had a net margin of 10.63% and a return on equity of 15.24%. The business had revenue of $47.18 billion during the quarter, compared to analysts’ expectations of $50.93 billion. During the same quarter in the previous year, the company earned $4.09 EPS. The business’s revenue was down 16.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Chevron Co. will post 13.28 EPS for the current year.

Chevron Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were paid a $1.63 dividend. This is a boost from Chevron’s previous quarterly dividend of $1.51. The ex-dividend date was Thursday, February 15th. This represents a $6.52 annualized dividend and a yield of 4.17%. Chevron’s payout ratio is 57.39%.

Insiders Place Their Bets

In other news, VP Alana K. Knowles sold 2,800 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $160.09, for a total value of $448,252.00. Following the completion of the transaction, the vice president now directly owns 276 shares in the company, valued at approximately $44,184.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.18% of the company’s stock.

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.