Oxford Wealth Group LLC Has $1.19 Million Stock Holdings in Chevron Co. (NYSE:CVX)

Oxford Wealth Group LLC reduced its stake in shares of Chevron Co. (NYSE:CVX) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,209 shares of the oil and gas company’s stock after selling 220 shares during the quarter. Oxford Wealth Group LLC’s holdings in Chevron were worth $1,189,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CVX. RBF Capital LLC bought a new stake in shares of Chevron during the 4th quarter worth approximately $1,448,000. MGO One Seven LLC raised its position in Chevron by 7.3% during the fourth quarter. MGO One Seven LLC now owns 25,082 shares of the oil and gas company’s stock valued at $3,633,000 after purchasing an additional 1,714 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Chevron by 2.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,755,894 shares of the oil and gas company’s stock worth $1,992,406,000 after purchasing an additional 292,585 shares during the last quarter. Quantessence Capital LLC bought a new position in shares of Chevron in the 4th quarter valued at $5,329,000. Finally, Alta Advisers Ltd raised its holdings in shares of Chevron by 19.8% during the 4th quarter. Alta Advisers Ltd now owns 5,629 shares of the oil and gas company’s stock worth $815,000 after buying an additional 929 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.

Chevron Trading Up 2.6 %

CVX opened at $137.26 on Wednesday. The stock has a market cap of $241.66 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 1.46 and a beta of 0.93. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. Chevron Co. has a twelve month low of $132.04 and a twelve month high of $168.96. The company has a fifty day moving average of $152.74 and a 200-day moving average of $153.22.

Chevron (NYSE:CVX) last issued its quarterly earnings results 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 net margin of 8.71% and a return on equity of 11.44%. During the same period last year, the business earned $3.45 earnings per share. On average, sell-side analysts predict that Chevron Co. will post 10.79 EPS for the current year.

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.98%. This is a positive change from Chevron’s previous quarterly dividend of $1.63. The ex-dividend date was Friday, February 14th. Chevron’s dividend payout ratio is presently 70.37%.

Insider Buying and Selling

In other Chevron news, VP Jeff B. Gustavson sold 9,325 shares of the company’s 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 transaction, the vice president now owns 1,057 shares in the company, valued at approximately $161,192.50. This represents a 89.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CVX. Truist Financial decreased their target price on Chevron from $164.00 to $160.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. Scotiabank cut shares of Chevron from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $160.00 to $143.00 in a research report on Friday, April 11th. UBS Group cut their target price on shares of Chevron from $194.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, April 7th. BNP Paribas downgraded shares of Chevron to a “cautious” rating in a report on Tuesday, April 15th. Finally, Barclays cut their price objective on Chevron from $174.00 to $171.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Chevron has a consensus rating of “Moderate Buy” and an average target price of $169.50.

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.