Mount Yale Investment Advisors LLC Boosts Position in Chevron Co. (NYSE:CVX)

Mount Yale Investment Advisors LLC grew its holdings in shares of Chevron Co. (NYSE:CVX) by 94.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,463 shares of the oil and gas company’s stock after buying an additional 10,442 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Chevron were worth $3,109,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Sunbelt Securities Inc. lifted its position in shares of Chevron by 16.0% during the second quarter. Sunbelt Securities Inc. now owns 39,799 shares of the oil and gas company’s stock worth $6,225,000 after purchasing an additional 5,481 shares in the last quarter. William B. Walkup & Associates Inc. purchased a new position in Chevron in the 2nd quarter valued at about $819,000. Wallace Advisory Group LLC grew its stake in shares of Chevron by 1.9% during the second quarter. Wallace Advisory Group LLC now owns 44,323 shares of the oil and gas company’s stock valued at $6,933,000 after acquiring an additional 808 shares in the last quarter. Quarry LP grew its stake in shares of Chevron by 172.2% during the second quarter. Quarry LP now owns 411 shares of the oil and gas company’s stock valued at $64,000 after acquiring an additional 260 shares in the last quarter. Finally, Regal Investment Advisors LLC increased its position in shares of Chevron by 3.7% during the second quarter. Regal Investment Advisors LLC now owns 55,951 shares of the oil and gas company’s stock worth $8,752,000 after acquiring an additional 1,988 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insider Transactions at Chevron

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was 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 owns 4,280 shares in the company, valued at approximately $685,356.40. The trade was a 97.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

Chevron Trading Up 1.0 %

Shares of NYSE CVX opened at $157.20 on Tuesday. The company has a market cap of $282.50 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 1.37 and a beta of 1.12. The stock’s 50 day simple moving average is $153.81 and its 200 day simple moving average is $151.11. 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 12-month low of $135.37 and a 12-month high of $167.11.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.04. The company had revenue of $50.67 billion during 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%. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.05 earnings per share. Equities research analysts expect that Chevron Co. will post 10.18 EPS for the current year.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were issued a dividend of $1.63 per share. The ex-dividend date was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.15%. Chevron’s dividend payout ratio (DPR) is presently 71.65%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CVX shares. Scotiabank lowered their price objective on Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Royal Bank of Canada lifted their price target on shares of Chevron from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Truist Financial upped their price target on shares of Chevron from $160.00 to $164.00 and gave the company a “hold” rating in a report on Monday, January 13th. Piper Sandler decreased their price objective on shares of Chevron from $184.00 to $173.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Finally, Wells Fargo & Company upped their target price on shares of Chevron from $171.00 to $188.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.27.

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.