Chevron Co. (NYSE:CVX) Stock Holdings Lifted by West Oak Capital LLC

West Oak Capital LLC increased its holdings in Chevron Co. (NYSE:CVX) by 1.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 18,924 shares of the oil and gas company’s stock after buying an additional 218 shares during the period. Chevron comprises approximately 1.0% of West Oak Capital LLC’s holdings, making the stock its 23rd biggest position. West Oak Capital LLC’s holdings in Chevron were worth $2,741,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. PCA Investment Advisory Services Inc. grew its stake in Chevron by 9.0% during the 4th quarter. PCA Investment Advisory Services Inc. now owns 1,681 shares of the oil and gas company’s stock worth $243,000 after buying an additional 139 shares during the last quarter. Global Financial Private Client LLC boosted its holdings in shares of Chevron by 0.8% during the fourth quarter. Global Financial Private Client LLC now owns 21,375 shares of the oil and gas company’s stock valued at $3,096,000 after acquiring an additional 160 shares during the period. Signal Advisors Wealth LLC grew its position in shares of Chevron by 41.1% during the fourth quarter. Signal Advisors Wealth LLC now owns 14,677 shares of the oil and gas company’s stock worth $2,126,000 after acquiring an additional 4,274 shares during the last quarter. Johnson & White Wealth Management LLC acquired a new stake in shares of Chevron in the 4th quarter worth about $519,000. Finally, Code Waechter LLC lifted its position in Chevron by 4.1% in the 4th quarter. Code Waechter LLC now owns 5,329 shares of the oil and gas company’s stock valued at $772,000 after purchasing an additional 210 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insider Activity

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $160.13, for a total transaction of $26,357,398.00. Following the completion of the sale, the chief executive officer now directly owns 4,280 shares of the company’s stock, valued at approximately $685,356.40. This represents a 97.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Chevron Price Performance

Shares of NYSE CVX opened at $156.85 on Wednesday. The firm has a 50-day moving average of $153.78 and a two-hundred day moving average of $150.95. The company has a market capitalization of $281.87 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 2.93 and a beta of 1.12. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. Chevron Co. has a twelve month low of $135.37 and a twelve month high of $167.11.

Chevron (NYSE:CVX) last released its earnings results on Friday, November 1st. The oil and gas company reported $2.51 EPS for the quarter, beating the consensus estimate of $2.47 by $0.04. The business had revenue of $50.67 billion during the quarter, compared to analyst estimates of $48.86 billion. Chevron had a net margin of 8.44% and a return on equity of 13.15%. The business’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $3.05 earnings per share. As a group, analysts expect that Chevron Co. will post 10.5 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend was Monday, November 18th. Chevron’s dividend payout ratio (DPR) is presently 71.65%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wells Fargo & Company raised their price target on shares of Chevron from $171.00 to $188.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Piper Sandler lowered their target price on Chevron from $184.00 to $173.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. DZ Bank upgraded Chevron from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a research report on Tuesday, November 5th. Truist Financial increased their price target on Chevron from $160.00 to $164.00 and gave the stock a “hold” rating in a research note on Monday. Finally, Scotiabank cut their price objective on shares of 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 equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Chevron currently has a consensus rating of “Moderate Buy” and a consensus price target 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.