TCI Wealth Advisors Inc. Lowers Stake in Chevron Co. (NYSE:CVX)

TCI Wealth Advisors Inc. lessened its holdings in Chevron Co. (NYSE:CVX) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,724 shares of the oil and gas company’s stock after selling 103 shares during the period. TCI Wealth Advisors Inc.’s holdings in Chevron were worth $4,160,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Country Trust Bank boosted its holdings in Chevron by 5.5% in the 4th quarter. Country Trust Bank now owns 192,906 shares of the oil and gas company’s stock worth $27,941,000 after buying an additional 10,016 shares during the last quarter. Keudell Morrison Wealth Management boosted its stake in shares of Chevron by 7.8% in the fourth quarter. Keudell Morrison Wealth Management now owns 16,743 shares of the oil and gas company’s stock worth $2,425,000 after acquiring an additional 1,210 shares during the last quarter. Intergy Private Wealth LLC purchased a new stake in shares of Chevron during the fourth quarter worth approximately $256,000. Hansen & Associates Financial Group Inc. acquired a new position in Chevron in the 4th quarter valued at $11,916,000. Finally, Evernest Financial Advisors LLC lifted its holdings in Chevron by 11.5% in the 4th quarter. Evernest Financial Advisors LLC now owns 3,678 shares of the oil and gas company’s stock valued at $533,000 after purchasing an additional 379 shares in the last quarter. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. DZ Bank raised shares of Chevron from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a report on Tuesday, November 5th. Barclays increased their price objective on shares of Chevron from $168.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Wells Fargo & Company boosted their target price on Chevron from $171.00 to $188.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Raymond James increased their price target on Chevron from $175.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Finally, Scotiabank lowered their price objective on Chevron from $180.00 to $163.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $175.27.

Chevron Trading Down 4.5 %

NYSE CVX opened at $149.21 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. The stock has a market capitalization of $268.14 billion, a P/E ratio of 16.40, a PEG ratio of 1.35 and a beta of 1.12. The firm’s 50-day moving average is $153.46 and its two-hundred day moving average is $151.20. Chevron Co. has a 12 month low of $135.37 and a 12 month high of $167.11.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.42 by ($0.36). Chevron had a return on equity of 13.15% and a net margin of 8.44%. During the same quarter last year, the business earned $3.45 earnings per share. On average, sell-side analysts anticipate that Chevron Co. will post 10.18 earnings per share for the current year.

Insiders Place Their Bets

In related 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 value of $26,357,398.00. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is owned by insiders.

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.