Alan B Lancz & Associates Inc. Reduces Position in Chevron Co. (NYSE:CVX)

Alan B Lancz & Associates Inc. trimmed its position in Chevron Co. (NYSE:CVXFree Report) by 15.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,417 shares of the oil and gas company’s stock after selling 432 shares during the quarter. Alan B Lancz & Associates Inc.’s holdings in Chevron were worth $350,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Deerfield Management Company L.P. Series C bought a new position in shares of Chevron during the second quarter valued at approximately $244,000. Scientech Research LLC increased its position in Chevron by 132.3% during the 2nd quarter. Scientech Research LLC now owns 5,003 shares of the oil and gas company’s stock valued at $783,000 after purchasing an additional 2,849 shares during the period. Kathmere Capital Management LLC raised its holdings in Chevron by 6.4% in the 2nd quarter. Kathmere Capital Management LLC now owns 2,759 shares of the oil and gas company’s stock worth $432,000 after purchasing an additional 167 shares in the last quarter. Creative Planning lifted its position in shares of Chevron by 1.8% in the 2nd quarter. Creative Planning now owns 569,660 shares of the oil and gas company’s stock worth $89,106,000 after purchasing an additional 10,291 shares during the period. Finally, Copperwynd Financial LLC increased its position in shares of Chevron by 15.8% during the second quarter. Copperwynd Financial LLC now owns 5,110 shares of the oil and gas company’s stock valued at $820,000 after buying an additional 696 shares during the period. 72.42% of the stock is currently owned by institutional investors.

Chevron Trading Down 0.3 %

NYSE:CVX opened at $155.62 on Monday. Chevron Co. has a 52 week low of $135.37 and a 52 week high of $167.11. The stock has a market cap of $279.66 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 1.37 and a beta of 1.12. The company’s 50 day moving average price is $153.81 and its 200-day moving average price is $151.14. 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 (NYSE:CVXGet Free Report) last posted its earnings results on Friday, November 1st. The oil and gas company reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.47 by $0.04. The business had revenue of $50.67 billion during the quarter, compared to analyst estimates of $48.86 billion. Chevron had a return on equity of 13.15% and a net margin of 8.44%. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $3.05 EPS. On average, equities research analysts forecast that Chevron Co. will post 10.18 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th were given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date was Monday, November 18th. Chevron’s dividend payout ratio (DPR) is 71.65%.

Insider Buying and Selling at Chevron

In other news, CEO Michael K. Wirth sold 164,600 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 4,280 shares of the company’s stock, valued at $685,356.40. The trade was a 97.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on CVX shares. Piper Sandler cut their price objective on Chevron from $184.00 to $173.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. DZ Bank upgraded Chevron from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a research report on Tuesday, November 5th. 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 raised their price objective on Chevron from $160.00 to $164.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Finally, Wells Fargo & Company upped their target price on shares of Chevron from $171.00 to $188.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Chevron currently has an average rating of “Moderate Buy” and a consensus target price of $175.27.

View Our Latest Stock Report on CVX

Chevron Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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