Chevron Co. (NYSE:CVX) Shares Sold by Holistic Financial Partners

Holistic Financial Partners decreased its holdings in shares of Chevron Co. (NYSE:CVX) by 5.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,881 shares of the oil and gas company’s stock after selling 180 shares during the period. Holistic Financial Partners’ holdings in Chevron were worth $417,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Wealthstream Advisors Inc. increased its stake in Chevron by 4.4% in the 4th quarter. Wealthstream Advisors Inc. now owns 1,664 shares of the oil and gas company’s stock valued at $241,000 after purchasing an additional 70 shares in the last quarter. IFP Advisors Inc increased its stake in Chevron by 9.5% in the 4th quarter. IFP Advisors Inc now owns 53,671 shares of the oil and gas company’s stock valued at $7,773,000 after purchasing an additional 4,645 shares in the last quarter. Rowlandmiller & PARTNERS.ADV increased its stake in Chevron by 4.6% in the 4th quarter. Rowlandmiller & PARTNERS.ADV now owns 48,334 shares of the oil and gas company’s stock valued at $7,001,000 after purchasing an additional 2,111 shares in the last quarter. RPG Investment Advisory LLC increased its stake in Chevron by 3.6% in the 4th quarter. RPG Investment Advisory LLC now owns 125,540 shares of the oil and gas company’s stock valued at $18,183,000 after purchasing an additional 4,373 shares in the last quarter. Finally, Boothe Investment Group Inc. increased its stake in Chevron by 6.1% in the 4th quarter. Boothe Investment Group Inc. now owns 41,746 shares of the oil and gas company’s stock valued at $6,046,000 after purchasing an additional 2,394 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insider Buying and Selling at Chevron

In other Chevron news, VP Jeff B. Gustavson sold 9,325 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $152.50, for a total value of $1,422,062.50. Following the transaction, the vice president now directly owns 1,057 shares of the company’s stock, valued at $161,192.50. This trade represents a 89.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Piper Sandler lowered their target price on Chevron from $184.00 to $173.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Wells Fargo & Company lowered their target price on Chevron from $188.00 to $184.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Royal Bank of Canada reiterated an “outperform” rating and set a $175.00 target price on shares of Chevron in a report on Monday, February 3rd. UBS Group lowered their target price on Chevron from $195.00 to $194.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Finally, Raymond James lowered their target price on Chevron from $180.00 to $175.00 and set an “outperform” rating on the stock 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. According to data from MarketBeat.com, Chevron presently has a consensus rating of “Moderate Buy” and an average price target of $174.13.

Chevron Price Performance

Shares of Chevron stock opened at $156.92 on Monday. Chevron Co. has a twelve month low of $135.37 and a twelve month high of $167.11. The stock has a market capitalization of $282.00 billion, a P/E ratio of 16.14, a PEG ratio of 1.46 and a beta of 1.11. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The business’s fifty day moving average price is $151.97 and its 200 day moving average price is $151.11.

Chevron (NYSE:CVX) last issued its earnings results on Friday, January 31st. The oil and gas company reported $2.06 earnings per share 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 firm posted $3.45 earnings per share. As a group, research analysts anticipate that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a $1.71 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Chevron’s previous quarterly dividend of $1.63. This represents a $6.84 annualized dividend and a yield of 4.36%. Chevron’s dividend payout ratio (DPR) is 70.37%.

Chevron 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.