Mosley Wealth Management Acquires 418 Shares of Chevron Co. (NYSE:CVX)

Mosley Wealth Management boosted its holdings in Chevron Co. (NYSE:CVX) by 9.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 4,961 shares of the oil and gas company’s stock after purchasing an additional 418 shares during the quarter. Mosley Wealth Management’s holdings in Chevron were worth $772,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CVX. Guardian Partners Inc. bought a new stake in Chevron during the fourth quarter worth $10,349,000. KLP Kapitalforvaltning AS bought a new stake in shares of Chevron in the 4th quarter worth $75,635,000. Umpqua Bank grew its stake in shares of Chevron by 7.3% in the 4th quarter. Umpqua Bank now owns 21,669 shares of the oil and gas company’s stock worth $3,400,000 after acquiring an additional 1,469 shares in the last quarter. Sfmg LLC raised its holdings in shares of Chevron by 2.9% in the fourth quarter. Sfmg LLC now owns 9,784 shares of the oil and gas company’s stock valued at $1,417,000 after purchasing an additional 274 shares during the last quarter. Finally, Intellus Advisors LLC purchased a new position in Chevron during the fourth quarter worth about $551,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Price Performance

Shares of NYSE CVX opened at $164.37 on Friday. The firm has a market capitalization of $289.39 billion, a P/E ratio of 16.91, a P/E/G ratio of 1.46 and a beta of 1.08. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. The stock’s 50-day simple moving average is $156.29 and its two-hundred day simple moving average is $152.57. Chevron Co. has a twelve month low of $135.37 and a twelve month high of $167.11.

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

Chevron Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given a dividend of $1.71 per share. The ex-dividend date was Friday, February 14th. This represents a $6.84 annualized dividend and a yield of 4.16%. This is a boost from Chevron’s previous quarterly dividend of $1.63. Chevron’s dividend payout ratio is presently 70.37%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CVX shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $175.00 target price on shares of Chevron in a report on Monday, February 3rd. UBS Group decreased their target price on Chevron from $195.00 to $194.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Truist Financial dropped their price target on Chevron from $164.00 to $160.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. Raymond James decreased their price objective on Chevron from $180.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. Finally, Piper Sandler dropped their price objective on shares of Chevron from $184.00 to $173.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $174.13.

Insider Transactions at Chevron

In other Chevron news, VP Jeff B. Gustavson sold 9,325 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 1,057 shares of the company’s stock, valued at approximately $161,192.50. This trade represents a 89.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.

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.