Vestia Personal Wealth Advisors Invests $318,000 in Chevron Co. (NYSE:CVX)

Vestia Personal Wealth Advisors acquired a new position in shares of Chevron Co. (NYSE:CVX) in the fourth quarter, HoldingsChannel reports. The fund acquired 2,195 shares of the oil and gas company’s stock, valued at approximately $318,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CVX. Choreo LLC grew its position in shares of Chevron by 27.1% during the 4th quarter. Choreo LLC now owns 135,707 shares of the oil and gas company’s stock worth $19,529,000 after buying an additional 28,914 shares during the period. Tectonic Advisors LLC raised its position in shares of Chevron by 5.4% in the 4th quarter. Tectonic Advisors LLC now owns 7,082 shares of the oil and gas company’s stock valued at $1,026,000 after acquiring an additional 364 shares during the period. Money Concepts Capital Corp boosted its stake in Chevron by 7.1% during the 4th quarter. Money Concepts Capital Corp now owns 7,987 shares of the oil and gas company’s stock worth $1,157,000 after acquiring an additional 527 shares during the last quarter. Confluence Wealth Services Inc. grew its holdings in Chevron by 9.0% during the fourth quarter. Confluence Wealth Services Inc. now owns 41,435 shares of the oil and gas company’s stock valued at $6,464,000 after purchasing an additional 3,407 shares during the period. Finally, Lion Street Advisors LLC increased its stake in Chevron by 4.6% in the fourth quarter. Lion Street Advisors LLC now owns 9,316 shares of the oil and gas company’s stock valued at $1,349,000 after purchasing an additional 411 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CVX shares. Scotiabank decreased their price target on shares of Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Royal Bank of Canada reissued an “outperform” rating and issued a $175.00 target price on shares of Chevron in a research note on Monday. Barclays dropped their price target on Chevron from $174.00 to $171.00 and set an “overweight” rating on the stock in a research report on Wednesday. Citigroup upgraded Chevron from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $145.00 to $185.00 in a research report on Tuesday, November 26th. Finally, UBS Group dropped their target price on shares of Chevron from $195.00 to $194.00 and set a “buy” rating on the stock in a report on Monday. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $174.13.

Insider Activity

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

Chevron Stock Down 0.1 %

Chevron stock opened at $153.01 on Thursday. The company has a fifty day simple moving average of $152.79 and a 200 day simple moving average of $150.89. 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. The company has a market cap of $274.98 billion, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 1.29 and a beta of 1.11.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $2.06 earnings per share 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 in the prior year, the firm posted $3.45 earnings per share. Research analysts anticipate that Chevron Co. will post 11.45 earnings per share for the current fiscal 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 dividend of $1.71 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.47%. This is a boost from Chevron’s previous quarterly dividend of $1.63. Chevron’s dividend payout ratio is currently 67.08%.

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.