Werba Rubin Papier Wealth Management Buys 149 Shares of Chevron Co. (NYSE:CVX)

Werba Rubin Papier Wealth Management raised its stake in Chevron Co. (NYSE:CVX) by 3.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,290 shares of the oil and gas company’s stock after acquiring an additional 149 shares during the quarter. Werba Rubin Papier Wealth Management’s holdings in Chevron were worth $621,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Laidlaw Wealth Management LLC boosted its stake in Chevron by 7.9% in the fourth quarter. Laidlaw Wealth Management LLC now owns 3,937 shares of the oil and gas company’s stock worth $570,000 after purchasing an additional 289 shares in the last quarter. Plan Group Financial LLC lifted its stake in shares of Chevron by 8.8% during the fourth quarter. Plan Group Financial LLC now owns 9,280 shares of the oil and gas company’s stock valued at $1,344,000 after acquiring an additional 750 shares during the period. Allied Investment Advisors LLC lifted its stake in shares of Chevron by 2.1% during the fourth quarter. Allied Investment Advisors LLC now owns 76,107 shares of the oil and gas company’s stock valued at $11,023,000 after acquiring an additional 1,571 shares during the period. Northcape Wealth Management LLC lifted its stake in shares of Chevron by 30.5% during the fourth quarter. Northcape Wealth Management LLC now owns 3,031 shares of the oil and gas company’s stock valued at $439,000 after acquiring an additional 709 shares during the period. Finally, Atlas Legacy Advisors LLC acquired a new position in shares of Chevron during the fourth quarter valued at $571,000. 72.42% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Chevron news, VP Jeff B. Gustavson sold 9,325 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $152.50, for a total value of $1,422,062.50. Following the sale, the vice president now owns 1,057 shares in the company, valued at approximately $161,192.50. The trade was a 89.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

CVX has been the topic of several research reports. UBS Group cut their price target on Chevron from $195.00 to $194.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Raymond James cut their target price on Chevron from $180.00 to $175.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. Piper Sandler cut their target price on Chevron from $184.00 to $173.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Barclays cut their target price on Chevron from $174.00 to $171.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Finally, Citigroup upgraded Chevron from a “neutral” rating to a “buy” rating and increased their price target for the stock from $145.00 to $185.00 in a report on Tuesday, November 26th. 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 an average target price of $174.13.

Chevron Stock Performance

NYSE:CVX opened at $156.23 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07. Chevron Co. has a fifty-two week low of $135.37 and a fifty-two week high of $167.11. The company has a market cap of $280.76 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 1.43 and a beta of 1.11. The stock has a fifty day moving average price of $151.80 and a 200-day moving average price of $150.81.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.36). Chevron had a return on equity of 11.44% and a net margin of 8.71%. During the same period last year, the firm posted $3.45 EPS. As a group, equities analysts anticipate that Chevron Co. will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be issued a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Chevron’s previous quarterly dividend of $1.63. Chevron’s dividend payout ratio is presently 70.37%.

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.