Intergy Private Wealth LLC Acquires Shares of 1,770 Chevron Co. (NYSE:CVX)

Intergy Private Wealth LLC acquired a new stake in shares of Chevron Co. (NYSE:CVX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,770 shares of the oil and gas company’s stock, valued at approximately $256,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Quarry LP lifted its position in shares of Chevron by 172.2% in the 2nd quarter. Quarry LP now owns 411 shares of the oil and gas company’s stock worth $64,000 after buying an additional 260 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Chevron by 75.8% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 138,885 shares of the oil and gas company’s stock worth $21,724,000 after buying an additional 59,885 shares during the last quarter. Czech National Bank lifted its position in shares of Chevron by 6.1% in the 3rd quarter. Czech National Bank now owns 346,490 shares of the oil and gas company’s stock worth $51,028,000 after buying an additional 19,878 shares during the last quarter. Curbstone Financial Management Corp lifted its position in shares of Chevron by 3.7% in the 3rd quarter. Curbstone Financial Management Corp now owns 13,604 shares of the oil and gas company’s stock worth $2,003,000 after buying an additional 486 shares during the last quarter. Finally, Farmers Trust Co. lifted its position in shares of Chevron by 3.6% in the 3rd quarter. Farmers Trust Co. now owns 9,704 shares of the oil and gas company’s stock worth $1,429,000 after buying an additional 334 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors.

Insider Transactions at Chevron

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were 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 directly owns 4,280 shares in the company, valued at $685,356.40. This trade represents a 97.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on CVX shares. Wells Fargo & Company lifted their price objective on shares of Chevron from $171.00 to $188.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Royal Bank of Canada lifted their price objective on shares of Chevron from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. 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 report on Thursday, October 10th. Truist Financial lifted their price objective on shares of Chevron from $160.00 to $164.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Finally, DZ Bank upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $170.00 price objective on the stock in a research report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $175.27.

Chevron Stock Performance

Shares of CVX opened at $149.21 on Friday. The firm’s 50 day moving average is $153.46 and its 200-day moving average is $151.20. The stock has a market capitalization of $268.14 billion, a P/E ratio of 16.40, a P/E/G ratio of 1.35 and a beta of 1.12. 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 12-month low of $135.37 and a 12-month high of $167.11.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.42 by ($0.36). Chevron had a return on equity of 13.15% and a net margin of 8.44%. During the same quarter last year, the firm posted $3.45 earnings per share. Equities research analysts anticipate that Chevron Co. will post 10.18 EPS for the current fiscal year.

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.