UP Strategic Wealth Investment Advisors LLC Acquires 925 Shares of Chevron Co. (NYSE:CVX)

UP Strategic Wealth Investment Advisors LLC raised its stake in Chevron Co. (NYSE:CVX) by 63.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,382 shares of the oil and gas company’s stock after acquiring an additional 925 shares during the period. UP Strategic Wealth Investment Advisors LLC’s holdings in Chevron were worth $345,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allianz SE bought a new position in Chevron during the 4th quarter worth about $9,369,000. Nicholas Company Inc. boosted its position in shares of Chevron by 4.3% during the fourth quarter. Nicholas Company Inc. now owns 80,025 shares of the oil and gas company’s stock worth $11,591,000 after buying an additional 3,280 shares during the period. Applied Finance Capital Management LLC grew its holdings in shares of Chevron by 1.6% during the fourth quarter. Applied Finance Capital Management LLC now owns 179,815 shares of the oil and gas company’s stock worth $26,044,000 after buying an additional 2,755 shares in the last quarter. Cerity Partners LLC raised its position in Chevron by 4.5% in the 4th quarter. Cerity Partners LLC now owns 1,205,747 shares of the oil and gas company’s stock valued at $174,817,000 after buying an additional 52,307 shares during the last quarter. Finally, Dale Q Rice Investment Management Ltd bought a new stake in Chevron in the 4th quarter valued at approximately $594,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CVX shares. Raymond James decreased their price target on shares of Chevron from $180.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Barclays downgraded shares of Chevron from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $171.00 to $152.00 in a research report on Wednesday. Wells Fargo & Company lowered their price target on shares of Chevron from $184.00 to $173.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. BNP Paribas downgraded shares of Chevron to a “cautious” rating in a research note on Tuesday, April 15th. Finally, Scotiabank downgraded Chevron from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the company from $160.00 to $143.00 in a research report on Friday, April 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Chevron currently has an average rating of “Hold” and a consensus target price of $165.71.

Chevron Stock Up 1.7 %

Chevron stock opened at $139.02 on Friday. Chevron Co. has a twelve month low of $132.04 and a twelve month high of $168.96. The stock has a market cap of $244.76 billion, a P/E ratio of 14.30, a P/E/G ratio of 1.46 and a beta of 0.93. The company’s 50-day moving average price is $152.05 and its two-hundred day moving average price is $153.02. 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 quarterly earnings data 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 net margin of 8.71% and a return on equity of 11.44%. During the same period last year, the business earned $3.45 earnings per share. As a group, analysts expect that Chevron Co. will post 10.79 EPS for the current year.

Chevron Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a dividend of $1.71 per share. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Chevron’s previous quarterly dividend of $1.63. This represents a $6.84 annualized dividend and a dividend yield of 4.92%. Chevron’s dividend payout ratio (DPR) is currently 70.37%.

Insider Activity at Chevron

In other news, VP Jeff B. Gustavson sold 9,325 shares of the stock in a transaction on 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 sale, the vice president now directly owns 1,057 shares of the company’s stock, valued at approximately $161,192.50. This represents a 89.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

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.