Auxano Advisors LLC Decreases Stock Position in Chevron Co. (NYSE:CVX)

Auxano Advisors LLC lessened its stake in shares of Chevron Co. (NYSE:CVX) by 4.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,702 shares of the oil and gas company’s stock after selling 276 shares during the period. Auxano Advisors LLC’s holdings in Chevron were worth $850,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Picton Mahoney Asset Management bought a new position in Chevron in the 3rd quarter valued at $26,000. Valley Forge Investment Consultants Inc. ADV grew its position in Chevron by 80.0% in the 3rd quarter. Valley Forge Investment Consultants Inc. ADV now owns 180 shares of the oil and gas company’s stock valued at $30,000 after acquiring an additional 80 shares during the last quarter. Valued Wealth Advisors LLC bought a new position in Chevron in the 4th quarter valued at $33,000. Legacy Financial Group LLC bought a new position in Chevron in the 3rd quarter valued at $43,000. Finally, Roble Belko & Company Inc grew its position in Chevron by 77.3% in the 4th quarter. Roble Belko & Company Inc now owns 344 shares of the oil and gas company’s stock valued at $51,000 after acquiring an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Wall Street Analysts Forecast Growth

CVX has been the topic of several research analyst reports. Truist Financial cut their price objective on Chevron from $168.00 to $156.00 and set a “hold” rating on the stock in a research report on Friday, April 5th. HSBC raised their price objective on Chevron from $175.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday. Barclays assumed coverage on Chevron in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $203.00 price target for the company. Scotiabank upgraded Chevron from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $170.00 to $195.00 in a research note on Thursday, April 11th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Chevron in a research note on Monday, April 1st. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Chevron has a consensus rating of “Moderate Buy” and an average price target of $185.35.

Insider Buying and Selling at Chevron

In other Chevron news, VP Alana K. Knowles sold 2,800 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $165.00, for a total transaction of $462,000.00. Following the completion of the sale, the vice president now directly owns 276 shares of the company’s stock, valued at approximately $45,540. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by company insiders.

Chevron Stock Performance

Shares of Chevron stock traded down $5.06 on Tuesday, hitting $161.27. The stock had a trading volume of 8,382,893 shares, compared to its average volume of 8,451,250. Chevron Co. has a 52-week low of $139.62 and a 52-week high of $171.70. The company has a current ratio of 1.27, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a market cap of $299.52 billion, a price-to-earnings ratio of 15.07, a P/E/G ratio of 2.44 and a beta of 1.12. The company’s 50 day moving average price is $156.81 and its 200 day moving average price is $151.70.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.93 EPS for the quarter, beating the consensus estimate of $2.84 by $0.09. The firm had revenue of $48.72 billion during the quarter, compared to the consensus estimate of $48.42 billion. Chevron had a return on equity of 14.38% and a net margin of 10.21%. The firm’s revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.55 EPS. On average, research analysts anticipate that Chevron Co. will post 13.58 EPS for the current year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 17th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.04%. The ex-dividend date is Thursday, May 16th. Chevron’s dividend payout ratio is presently 59.98%.

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.