Bogart Wealth LLC Sells 973 Shares of Chevron Co. (NYSE:CVX)

Bogart Wealth LLC cut its holdings in Chevron Co. (NYSE:CVX) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 75,017 shares of the oil and gas company’s stock after selling 973 shares during the period. Bogart Wealth LLC’s holdings in Chevron were worth $10,866,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Mcrae Capital Management Inc. boosted its holdings in Chevron by 1.7% in the 4th quarter. Mcrae Capital Management Inc. now owns 4,342 shares of the oil and gas company’s stock worth $629,000 after buying an additional 71 shares during the period. Sunburst Financial Group LLC boosted its holdings in Chevron by 10.6% in the 4th quarter. Sunburst Financial Group LLC now owns 2,109 shares of the oil and gas company’s stock worth $305,000 after buying an additional 202 shares during the period. Life Planning Partners Inc bought a new position in Chevron in the 4th quarter worth approximately $25,000. Investment Partners Asset Management Inc. boosted its holdings in Chevron by 33.3% in the 4th quarter. Investment Partners Asset Management Inc. now owns 3,219 shares of the oil and gas company’s stock valued at $466,000 after purchasing an additional 805 shares during the period. Finally, G&S Capital LLC boosted its holdings in Chevron by 1.6% in the 4th quarter. G&S Capital LLC now owns 29,663 shares of the oil and gas company’s stock valued at $4,296,000 after purchasing an additional 473 shares during the period. 72.42% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Chevron news, VP Jeff B. Gustavson sold 9,325 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $152.50, for a total value of $1,422,062.50. Following the transaction, the vice president now owns 1,057 shares in the company, valued at approximately $161,192.50. The trade was a 89.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on CVX shares. Royal Bank of Canada reissued an “outperform” rating and issued a $175.00 price target on shares of Chevron in a report on Monday, February 3rd. Piper Sandler cut their price target on shares of Chevron from $184.00 to $173.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. UBS Group cut their price target on shares of Chevron from $195.00 to $194.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Citigroup raised shares of Chevron from a “neutral” rating to a “buy” rating and raised their price target for the company from $145.00 to $185.00 in a report on Tuesday, November 26th. Finally, Raymond James cut their price target on shares of Chevron from $180.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.13.

Chevron Price Performance

Shares of NYSE:CVX opened at $156.00 on Friday. The stock has a market cap of $280.35 billion, a PE ratio of 16.05, a PEG ratio of 1.39 and a beta of 1.11. The company’s fifty day moving average is $151.92 and its 200 day moving average is $150.84. Chevron Co. has a 52 week low of $135.37 and a 52 week high of $167.11. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX) last issued its earnings results on Friday, January 31st. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.36). Chevron had a return on equity of 11.44% and a net margin of 8.71%. During the same quarter in the previous year, the firm posted $3.45 earnings per share. Research analysts anticipate that Chevron Co. will post 10.84 earnings per share for the current year.

Chevron Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be given a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Chevron’s previous quarterly dividend of $1.63. Chevron’s dividend payout ratio (DPR) is presently 67.08%.

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.