Capital Advisory Group Advisory Services LLC Raises Stock Holdings in Chevron Co. (NYSE:CVX)

Capital Advisory Group Advisory Services LLC grew its stake in shares of Chevron Co. (NYSE:CVX) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,727 shares of the oil and gas company’s stock after acquiring an additional 765 shares during the quarter. Capital Advisory Group Advisory Services LLC’s holdings in Chevron were worth $2,712,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Lane & Associates LLC boosted its stake in shares of Chevron by 11.2% in the 4th quarter. Lane & Associates LLC now owns 2,831 shares of the oil and gas company’s stock worth $422,000 after buying an additional 285 shares during the last quarter. PYA Waltman Capital LLC lifted its holdings in Chevron by 2.1% in the fourth quarter. PYA Waltman Capital LLC now owns 15,527 shares of the oil and gas company’s stock valued at $2,249,000 after acquiring an additional 316 shares during the period. Compass Capital Corp MA ADV purchased a new position in Chevron in the fourth quarter worth about $341,000. WP Advisors LLC grew its stake in shares of Chevron by 0.8% during the 4th quarter. WP Advisors LLC now owns 17,433 shares of the oil and gas company’s stock valued at $2,525,000 after purchasing an additional 139 shares during the period. Finally, Cordatus Wealth Management LLC increased its position in shares of Chevron by 4.0% during the 4th quarter. Cordatus Wealth Management LLC now owns 19,647 shares of the oil and gas company’s stock valued at $2,846,000 after purchasing an additional 763 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Insider Activity at Chevron

In other news, VP Jeff B. Gustavson sold 9,325 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $152.50, for a total transaction of $1,422,062.50. Following the sale, the vice president now directly owns 1,057 shares of the company’s stock, valued at $161,192.50. This represents a 89.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts 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 price objective on the stock in a report on Tuesday, November 5th. Raymond James cut their price objective on shares of Chevron from $180.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Truist Financial decreased their target price on Chevron from $164.00 to $160.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Citigroup raised Chevron from a “neutral” rating to a “buy” rating and boosted their price target for the company from $145.00 to $185.00 in a report on Tuesday, November 26th. Finally, UBS Group reduced their price target on Chevron from $195.00 to $194.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Chevron presently has a consensus rating of “Moderate Buy” and an average target price of $174.13.

Chevron Trading Up 1.1 %

Shares of CVX opened at $158.89 on Friday. Chevron Co. has a 1 year low of $135.37 and a 1 year high of $167.11. The company has a 50 day simple moving average of $151.91 and a two-hundred day simple moving average of $150.91. 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 firm has a market cap of $285.53 billion, a P/E ratio of 16.35, a price-to-earnings-growth ratio of 1.44 and a beta of 1.11.

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

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be given a $1.71 dividend. This is an increase from Chevron’s previous quarterly dividend of $1.63. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date of this dividend is Friday, February 14th. Chevron’s payout ratio is currently 70.37%.

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.