Consilium Wealth Advisory LLC Acquires 739 Shares of Chevron Co. (NYSE:CVX)

Consilium Wealth Advisory LLC boosted its holdings in shares of Chevron Co. (NYSE:CVX) by 13.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,088 shares of the oil and gas company’s stock after acquiring an additional 739 shares during the quarter. Consilium Wealth Advisory LLC’s holdings in Chevron were worth $882,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CVX. Pettinga Financial Advisors LLC grew its holdings in Chevron by 10.1% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 2,972 shares of the oil and gas company’s stock worth $438,000 after acquiring an additional 272 shares during the last quarter. China Universal Asset Management Co. Ltd. lifted its position in shares of Chevron by 131.5% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 6,291 shares of the oil and gas company’s stock worth $926,000 after purchasing an additional 3,573 shares during the period. Tyche Wealth Partners LLC lifted its position in shares of Chevron by 0.3% in the 3rd quarter. Tyche Wealth Partners LLC now owns 33,791 shares of the oil and gas company’s stock worth $4,976,000 after purchasing an additional 99 shares during the period. GW Henssler & Associates Ltd. lifted its position in shares of Chevron by 1.1% in the 3rd quarter. GW Henssler & Associates Ltd. now owns 209,223 shares of the oil and gas company’s stock worth $30,812,000 after purchasing an additional 2,353 shares during the period. Finally, Bay Rivers Group lifted its position in shares of Chevron by 15.6% in the 3rd quarter. Bay Rivers Group now owns 1,480 shares of the oil and gas company’s stock worth $218,000 after purchasing an additional 200 shares during the period. 72.42% of the stock is owned by institutional investors.

Insider Transactions at Chevron

In related news, VP Jeff B. Gustavson sold 9,325 shares of Chevron stock in a transaction dated 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 completion of the sale, the vice president now owns 1,057 shares of the company’s stock, valued at $161,192.50. The trade was a 89.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CVX shares. Raymond James dropped their price target on shares of Chevron from $180.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Citigroup upgraded shares of Chevron from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $145.00 to $185.00 in a research report on Tuesday, November 26th. UBS Group dropped their price target on shares of Chevron from $195.00 to $194.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. DZ Bank upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a research report on Tuesday, November 5th. Finally, Piper Sandler dropped their target price on shares of Chevron from $184.00 to $173.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $174.13.

Chevron Stock Down 0.9 %

Shares of NYSE CVX opened at $154.99 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. Chevron Co. has a one year low of $135.37 and a one year high of $167.11. The stock has a market capitalization of $278.53 billion, a P/E ratio of 15.95, a PEG ratio of 1.46 and a beta of 1.11. The firm’s 50 day simple moving average is $152.52 and its two-hundred day simple moving average is $151.31.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate 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 firm posted $3.45 earnings per share. As a group, analysts expect that Chevron Co. will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a $1.71 dividend. The ex-dividend date is Friday, February 14th. This is a boost from Chevron’s previous quarterly dividend of $1.63. This represents a $6.84 dividend on an annualized basis and a yield of 4.41%. Chevron’s payout ratio is currently 70.37%.

Chevron 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.