Wilkinson Global Asset Management LLC Has $955,000 Stock Position in Chevron Co. (NYSE:CVX)

Wilkinson Global Asset Management LLC cut its holdings in Chevron Co. (NYSE:CVX) by 60.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,593 shares of the oil and gas company’s stock after selling 10,190 shares during the quarter. Wilkinson Global Asset Management LLC’s holdings in Chevron were worth $955,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Plan Group Financial LLC grew its holdings in shares of Chevron by 8.8% during the 4th quarter. Plan Group Financial LLC now owns 9,280 shares of the oil and gas company’s stock valued at $1,344,000 after purchasing an additional 750 shares during the last quarter. Allied Investment Advisors LLC boosted its position in Chevron by 2.1% in the fourth quarter. Allied Investment Advisors LLC now owns 76,107 shares of the oil and gas company’s stock valued at $11,023,000 after buying an additional 1,571 shares in the last quarter. Northcape Wealth Management LLC boosted its position in Chevron by 30.5% in the fourth quarter. Northcape Wealth Management LLC now owns 3,031 shares of the oil and gas company’s stock valued at $439,000 after buying an additional 709 shares in the last quarter. Atlas Legacy Advisors LLC bought a new stake in shares of Chevron during the fourth quarter worth $571,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Chevron during the fourth quarter worth $1,549,000. Institutional investors own 72.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CVX shares. Royal Bank of Canada reissued an “outperform” rating and set a $175.00 price objective on shares of Chevron in a report on Monday, February 3rd. Raymond James reduced their price target on Chevron from $180.00 to $175.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. Truist Financial cut their target price on shares of Chevron from $164.00 to $160.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. DZ Bank raised shares of Chevron from a “hold” rating to a “buy” rating and set a $170.00 price objective on the stock in a research note on Tuesday, November 5th. Finally, UBS Group lowered their target price on Chevron from $195.00 to $194.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Four investment 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 stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.13.

Chevron Stock Up 0.6 %

Chevron stock opened at $156.23 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $280.76 billion, a PE ratio of 16.07, a PEG ratio of 1.43 and a beta of 1.11. The firm’s fifty day moving average is $151.80 and its 200 day moving average is $150.81. Chevron Co. has a 12-month low of $135.37 and a 12-month high of $167.11.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $2.06 earnings per share (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 prior year, the firm posted $3.45 EPS. As a group, sell-side analysts predict that Chevron Co. will post 10.79 EPS for the current fiscal year.

Chevron Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be paid a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.38%. This is a positive change from Chevron’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Friday, February 14th. Chevron’s dividend payout ratio (DPR) is 70.37%.

Insider Transactions at Chevron

In other Chevron news, VP Jeff B. Gustavson sold 9,325 shares of Chevron stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $152.50, for a total transaction of $1,422,062.50. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is currently owned by insiders.

Chevron Company 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.