Chevron Co. (NYSE:CVX) Shares Acquired by ARS Wealth Advisors Group LLC

ARS Wealth Advisors Group LLC lifted its stake in Chevron Co. (NYSE:CVX) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,332 shares of the oil and gas company’s stock after buying an additional 375 shares during the period. Chevron makes up 2.4% of ARS Wealth Advisors Group LLC’s investment portfolio, making the stock its 13th largest holding. ARS Wealth Advisors Group LLC’s holdings in Chevron were worth $17,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of CVX. Cliftonlarsonallen Wealth Advisors LLC grew its holdings in shares of Chevron by 11.6% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 14,257 shares of the oil and gas company’s stock worth $2,065,000 after purchasing an additional 1,480 shares during the last quarter. Smith Anglin Financial LLC lifted its holdings in shares of Chevron by 6.3% in the 4th quarter. Smith Anglin Financial LLC now owns 6,785 shares of the oil and gas company’s stock valued at $983,000 after purchasing an additional 401 shares during the last quarter. Laurel Wealth Advisors LLC boosted its position in shares of Chevron by 5.1% in the 4th quarter. Laurel Wealth Advisors LLC now owns 25,924 shares of the oil and gas company’s stock valued at $3,755,000 after purchasing an additional 1,259 shares during the period. Meridian Financial Partners LLC grew its stake in Chevron by 0.5% during the 4th quarter. Meridian Financial Partners LLC now owns 13,416 shares of the oil and gas company’s stock worth $1,943,000 after buying an additional 67 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in Chevron by 41.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 16,348 shares of the oil and gas company’s stock worth $2,368,000 after buying an additional 4,764 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Chevron 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 transaction of $26,357,398.00. Following the sale, the chief executive officer now directly owns 4,280 shares in the company, valued at approximately $685,356.40. The trade was a 97.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

Chevron Trading Up 0.9 %

NYSE:CVX opened at $158.25 on Thursday. Chevron Co. has a 1 year low of $135.37 and a 1 year high of $167.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07. The stock has a fifty day moving average price of $153.78 and a two-hundred day moving average price of $150.95. The stock has a market capitalization of $284.39 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 2.62 and a beta of 1.12.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.04. Chevron had a net margin of 8.44% and a return on equity of 13.15%. The business had revenue of $50.67 billion during the quarter, compared to the consensus estimate of $48.86 billion. During the same quarter last year, the firm posted $3.05 EPS. The business’s revenue was down 6.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chevron Co. will post 10.39 earnings per share for the current fiscal year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend was Monday, November 18th. Chevron’s dividend payout ratio (DPR) is 71.65%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CVX. Piper Sandler decreased their price objective on Chevron from $184.00 to $173.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Scotiabank decreased their price target on shares of Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Bank of America initiated coverage on shares of Chevron in a research note on Thursday, October 17th. They issued a “buy” rating and a $168.00 price objective on the stock. Citigroup upgraded shares of Chevron from a “neutral” rating to a “buy” rating and increased their target price for the stock from $145.00 to $185.00 in a research note on Tuesday, November 26th. Finally, Barclays raised their price target on Chevron from $168.00 to $174.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.87.

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.