Regent Peak Wealth Advisors LLC Has $596,000 Stock Position in Chevron Co. (NYSE:CVX)

Regent Peak Wealth Advisors LLC boosted its stake in shares of Chevron Co. (NYSE:CVX) by 4.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,117 shares of the oil and gas company’s stock after buying an additional 168 shares during the period. Regent Peak Wealth Advisors LLC’s holdings in Chevron were worth $596,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Canandaigua National Trust Co of Florida lifted its position in shares of Chevron by 17.2% in the 4th quarter. Canandaigua National Trust Co of Florida now owns 3,415 shares of the oil and gas company’s stock valued at $495,000 after acquiring an additional 500 shares in the last quarter. Insight Wealth Strategies LLC raised its stake in Chevron by 0.5% during the 4th quarter. Insight Wealth Strategies LLC now owns 201,015 shares of the oil and gas company’s stock valued at $29,115,000 after purchasing an additional 1,092 shares during the period. Doliver Advisors LP lifted its holdings in shares of Chevron by 0.9% in the fourth quarter. Doliver Advisors LP now owns 7,984 shares of the oil and gas company’s stock valued at $1,156,000 after purchasing an additional 70 shares in the last quarter. Bard Financial Services Inc. boosted its position in shares of Chevron by 0.3% in the fourth quarter. Bard Financial Services Inc. now owns 62,735 shares of the oil and gas company’s stock worth $9,087,000 after buying an additional 200 shares during the period. Finally, Neville Rodie & Shaw Inc. grew its stake in Chevron by 2.9% during the 4th quarter. Neville Rodie & Shaw Inc. now owns 62,404 shares of the oil and gas company’s stock valued at $9,039,000 after acquiring an additional 1,767 shares in the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Mizuho decreased their price target on shares of Chevron from $205.00 to $189.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Wells Fargo & Company boosted their price target on shares of Chevron from $171.00 to $188.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Citigroup upgraded Chevron from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $145.00 to $185.00 in a report on Tuesday, November 26th. Truist Financial boosted their target price on Chevron from $155.00 to $160.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada lifted their price target on Chevron from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $175.19.

Insider Buying and Selling

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 4,280 shares in the company, valued at approximately $685,356.40. This trade represents a 97.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is owned by company insiders.

Chevron Stock Performance

NYSE:CVX traded up $3.00 during mid-day trading on Tuesday, hitting $150.26. 3,325,297 shares of the company’s stock traded hands, compared to its average volume of 5,529,005. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average of $153.60 and a two-hundred day moving average of $151.14. The firm has a market capitalization of $270.03 billion, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 2.93 and a beta of 1.12. Chevron Co. has a 12 month low of $135.37 and a 12 month high of $167.11.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.04. The business had revenue of $50.67 billion for the quarter, compared to the consensus estimate of $48.86 billion. Chevron had a net margin of 8.44% and a return on equity of 13.15%. Chevron’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the company posted $3.05 earnings per share. On average, equities analysts forecast that Chevron Co. will post 10.5 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend was Monday, November 18th. Chevron’s payout ratio is presently 71.65%.

Chevron 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.