Cornell Pochily Investment Advisors Inc. Purchases 92 Shares of Chevron Co. (NYSE:CVX)

Cornell Pochily Investment Advisors Inc. boosted its holdings in Chevron Co. (NYSE:CVX) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,003 shares of the oil and gas company’s stock after acquiring an additional 92 shares during the quarter. Cornell Pochily Investment Advisors Inc.’s holdings in Chevron were worth $1,883,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Mount Yale Investment Advisors LLC grew its stake in shares of Chevron by 94.7% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 21,463 shares of the oil and gas company’s stock worth $3,109,000 after acquiring an additional 10,442 shares during the period. Valued Wealth Advisors LLC boosted its holdings in Chevron by 95.5% in the fourth quarter. Valued Wealth Advisors LLC now owns 479 shares of the oil and gas company’s stock worth $69,000 after purchasing an additional 234 shares during the last quarter. Curran Financial Partners LLC grew its position in Chevron by 3.5% in the 4th quarter. Curran Financial Partners LLC now owns 6,596 shares of the oil and gas company’s stock worth $955,000 after purchasing an additional 222 shares during the period. McLean Asset Management Corp raised its stake in Chevron by 15.1% during the 4th quarter. McLean Asset Management Corp now owns 2,209 shares of the oil and gas company’s stock valued at $320,000 after buying an additional 290 shares during the last quarter. Finally, Kavar Capital Partners Group LLC lifted its holdings in shares of Chevron by 4.0% during the 4th quarter. Kavar Capital Partners Group LLC now owns 21,531 shares of the oil and gas company’s stock valued at $3,119,000 after buying an additional 832 shares during the period. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Scotiabank cut their price objective on Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Raymond James upped their price target on shares of Chevron from $175.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. Royal Bank of Canada raised their price objective on shares of Chevron from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Barclays increased their price target on shares of Chevron from $168.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company raised their target price on Chevron from $171.00 to $188.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $175.27.

Insider Activity at Chevron

In related news, CEO Michael K. Wirth sold 164,600 shares of Chevron stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $160.13, for a total value of $26,357,398.00. Following the completion of the transaction, the chief executive officer now owns 4,280 shares in the company, valued at approximately $685,356.40. This trade represents a 97.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.20% of the stock is owned by insiders.

Chevron Stock Performance

CVX opened at $156.24 on Wednesday. The stock has a market capitalization of $280.78 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 1.37 and a beta of 1.12. Chevron Co. has a fifty-two week low of $135.37 and a fifty-two week 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 company has a fifty day moving average of $153.74 and a 200 day moving average of $151.12.

Chevron (NYSE:CVX) last issued its earnings results on Friday, November 1st. The oil and gas company reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.04. Chevron had a return on equity of 13.15% and a net margin of 8.44%. The firm had revenue of $50.67 billion for the quarter, compared to analysts’ expectations of $48.86 billion. During the same period in the previous year, the firm posted $3.05 earnings per share. The business’s revenue was down 6.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Chevron Co. will post 10.18 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.17%. The ex-dividend date of this dividend was Monday, November 18th. Chevron’s dividend payout ratio is presently 71.65%.

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.