Chevron Co. (NYSE:CVX) Position Decreased by Good Life Advisors LLC

Good Life Advisors LLC decreased its holdings in shares of Chevron Co. (NYSE:CVX) by 55.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,067 shares of the oil and gas company’s stock after selling 17,731 shares during the period. Good Life Advisors LLC’s holdings in Chevron were worth $2,037,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Alberta Investment Management Corp boosted its position in shares of Chevron by 862.7% during the 4th quarter. Alberta Investment Management Corp now owns 131,890 shares of the oil and gas company’s stock valued at $19,103,000 after purchasing an additional 118,190 shares in the last quarter. Vista Capital Partners Inc. boosted its position in shares of Chevron by 107.1% during the 4th quarter. Vista Capital Partners Inc. now owns 5,443 shares of the oil and gas company’s stock valued at $788,000 after purchasing an additional 2,815 shares in the last quarter. Strata Wealth Advisors LLC acquired a new position in shares of Chevron in the fourth quarter worth about $544,000. Werba Rubin Papier Wealth Management boosted its holdings in shares of Chevron by 3.6% in the fourth quarter. Werba Rubin Papier Wealth Management now owns 4,290 shares of the oil and gas company’s stock worth $621,000 after buying an additional 149 shares during the period. Finally, Laidlaw Wealth Management LLC boosted its holdings in shares of Chevron by 7.9% in the fourth quarter. Laidlaw Wealth Management LLC now owns 3,937 shares of the oil and gas company’s stock worth $570,000 after buying an additional 289 shares during the period. Institutional investors own 72.42% of the company’s stock.

Insider Transactions at Chevron

In other Chevron news, VP Jeff B. Gustavson sold 9,325 shares of Chevron stock in a transaction on Friday, February 7th. The shares were sold at an average price of $152.50, for a total transaction of $1,422,062.50. Following the sale, the vice president now owns 1,057 shares in the company, valued at $161,192.50. The trade was a 89.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by corporate insiders.

Chevron Trading Up 0.6 %

Shares of Chevron stock opened at $156.23 on Wednesday. The company’s fifty day simple moving average is $151.80 and its 200-day simple moving average is $150.81. The company has a market cap of $280.76 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 1.43 and a beta of 1.11. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. Chevron Co. has a 1 year low of $135.37 and a 1 year high of $167.11.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.42 by ($0.36). Chevron had a return on equity of 11.44% and a net margin of 8.71%. During the same quarter last year, the company posted $3.45 earnings per share. As a group, sell-side analysts expect that Chevron Co. will post 10.79 EPS for the current year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be paid a $1.71 dividend. This is an increase from Chevron’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Friday, February 14th. This represents a $6.84 annualized dividend and a dividend yield of 4.38%. Chevron’s dividend payout ratio (DPR) is presently 70.37%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CVX shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $175.00 target price on shares of Chevron in a report on Monday, February 3rd. Truist Financial cut their price objective on shares of Chevron from $164.00 to $160.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. Barclays cut their price objective on shares of Chevron from $174.00 to $171.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Wells Fargo & Company cut their price objective on shares of Chevron from $188.00 to $184.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Finally, Raymond James cut their price objective on shares of Chevron from $180.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Chevron currently has an average rating of “Moderate Buy” and a consensus target price of $174.13.

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.