Chevron Co. (NYSE:CVX) Shares Sold by Pacific Capital Wealth Advisors Inc.

Pacific Capital Wealth Advisors Inc. decreased its holdings in shares of Chevron Co. (NYSE:CVX) by 0.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,627 shares of the oil and gas company’s stock after selling 68 shares during the period. Pacific Capital Wealth Advisors Inc.’s holdings in Chevron were worth $1,829,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CVX. YHB Investment Advisors Inc. increased its stake in Chevron by 1.5% during the 4th quarter. YHB Investment Advisors Inc. now owns 31,815 shares of the oil and gas company’s stock worth $4,608,000 after buying an additional 470 shares in the last quarter. Northwest Financial Advisors boosted its stake in shares of Chevron by 8.4% in the fourth quarter. Northwest Financial Advisors now owns 1,729 shares of the oil and gas company’s stock worth $250,000 after acquiring an additional 134 shares during the last quarter. Nilsine Partners LLC increased its position in shares of Chevron by 44.4% during the fourth quarter. Nilsine Partners LLC now owns 18,029 shares of the oil and gas company’s stock worth $2,611,000 after purchasing an additional 5,546 shares in the last quarter. Baldwin Wealth Partners LLC MA raised its stake in Chevron by 5.8% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 71,879 shares of the oil and gas company’s stock valued at $10,411,000 after purchasing an additional 3,962 shares during the last quarter. Finally, Foundations Investment Advisors LLC lifted its holdings in Chevron by 13.4% in the 4th quarter. Foundations Investment Advisors LLC now owns 141,082 shares of the oil and gas company’s stock valued at $20,434,000 after purchasing an additional 16,706 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Trading Down 0.6 %

Shares of CVX stock opened at $156.24 on Wednesday. Chevron Co. has a 1-year low of $135.37 and a 1-year high of $167.11. The firm has a market cap of $280.78 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 1.37 and a beta of 1.12. The company has a 50-day moving average of $153.74 and a two-hundred day moving average of $151.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.04. The firm had revenue of $50.67 billion during the quarter, compared to analysts’ expectations of $48.86 billion. Chevron had a net margin of 8.44% and a return on equity of 13.15%. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the company posted $3.05 EPS. On average, analysts predict that Chevron Co. will post 10.18 EPS for the current year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were issued a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.17%. Chevron’s dividend payout ratio is presently 71.65%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. DZ Bank raised shares of Chevron from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a report on Tuesday, November 5th. UBS Group increased their price objective on shares of Chevron from $194.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Piper Sandler lowered their target price on Chevron from $184.00 to $173.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Truist Financial increased their price target on Chevron from $160.00 to $164.00 and gave the company a “hold” rating in a report on Monday, January 13th. Finally, Royal Bank of Canada boosted their price objective on Chevron from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $175.27.

Insider Buying and Selling

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of Chevron stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $160.13, for a total value of $26,357,398.00. Following the completion of the transaction, the chief executive officer now directly owns 4,280 shares of the company’s stock, valued at $685,356.40. The trade was a 97.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.20% of the stock is owned by corporate insiders.

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.