YHB Investment Advisors Inc. Has $4.61 Million Stake in Chevron Co. (NYSE:CVX)

YHB Investment Advisors Inc. lifted its stake in Chevron Co. (NYSE:CVX) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,815 shares of the oil and gas company’s stock after purchasing an additional 470 shares during the period. YHB Investment Advisors Inc.’s holdings in Chevron were worth $4,608,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CVX. Quarry LP grew its position in shares of Chevron by 172.2% during the 2nd quarter. Quarry LP now owns 411 shares of the oil and gas company’s stock worth $64,000 after buying an additional 260 shares during the period. Next Capital Management LLC boosted its stake in Chevron by 22.9% in the second quarter. Next Capital Management LLC now owns 2,012 shares of the oil and gas company’s stock valued at $315,000 after acquiring an additional 375 shares during the last quarter. Pathway Financial Advisers LLC grew its holdings in Chevron by 1.5% during the 2nd quarter. Pathway Financial Advisers LLC now owns 24,614 shares of the oil and gas company’s stock worth $3,832,000 after acquiring an additional 372 shares during the period. McGinn Penninger Investment Management Inc. raised its position in shares of Chevron by 1.9% during the 2nd quarter. McGinn Penninger Investment Management Inc. now owns 28,818 shares of the oil and gas company’s stock valued at $4,508,000 after acquiring an additional 540 shares during the last quarter. Finally, SPC Financial Inc. lifted its stake in shares of Chevron by 23.8% in the 2nd quarter. SPC Financial Inc. now owns 5,671 shares of the oil and gas company’s stock valued at $887,000 after purchasing an additional 1,092 shares during the period. Institutional investors own 72.42% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on CVX. Wells Fargo & Company lifted their price objective on Chevron from $171.00 to $188.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Truist Financial upped their price target on Chevron from $160.00 to $164.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Royal Bank of Canada lifted their price objective 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. Piper Sandler lowered their target price on shares of Chevron from $184.00 to $173.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Finally, DZ Bank upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Chevron has a consensus rating of “Moderate Buy” and an average price target of $175.27.

Chevron Price Performance

CVX stock opened at $156.24 on Wednesday. The stock has a market cap of $280.78 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 1.37 and a beta of 1.12. The stock has a 50-day moving average price of $153.74 and a two-hundred day moving average price of $151.12. Chevron Co. has a 1 year low of $135.37 and a 1 year high of $167.11. 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 (NYSE:CVX) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $48.86 billion. Chevron had a net margin of 8.44% and a return on equity of 13.15%. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.05 earnings per share. Equities analysts forecast that Chevron Co. will post 10.18 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.17%. The ex-dividend date was Monday, November 18th. Chevron’s payout ratio is 71.65%.

Insider Activity at Chevron

In related news, CEO Michael K. Wirth sold 164,600 shares of the stock in a transaction that occurred 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.20% of the stock is owned by company insiders.

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.