VCI Wealth Management LLC Has $1.69 Million Stock Holdings in Chevron Co. (NYSE:CVX)

VCI Wealth Management LLC grew its stake in shares of Chevron Co. (NYSE:CVX) by 2.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 11,672 shares of the oil and gas company’s stock after buying an additional 330 shares during the quarter. VCI Wealth Management LLC’s holdings in Chevron were worth $1,691,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CVX. Curbstone Financial Management Corp increased its position in Chevron by 2.5% in the 4th quarter. Curbstone Financial Management Corp now owns 13,944 shares of the oil and gas company’s stock valued at $2,020,000 after buying an additional 340 shares in the last quarter. YHB Investment Advisors Inc. increased its holdings in shares of Chevron by 1.5% during the fourth quarter. YHB Investment Advisors Inc. now owns 31,815 shares of the oil and gas company’s stock valued at $4,608,000 after acquiring an additional 470 shares in the last quarter. Northwest Financial Advisors raised its position in shares of Chevron by 8.4% during the fourth quarter. Northwest Financial Advisors now owns 1,729 shares of the oil and gas company’s stock worth $250,000 after purchasing an additional 134 shares during the period. Nilsine Partners LLC lifted its holdings in shares of Chevron by 44.4% in the 4th quarter. Nilsine Partners LLC now owns 18,029 shares of the oil and gas company’s stock worth $2,611,000 after purchasing an additional 5,546 shares in the last quarter. Finally, Baldwin Wealth Partners LLC MA grew its position in Chevron by 5.8% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 71,879 shares of the oil and gas company’s stock valued at $10,411,000 after purchasing an additional 3,962 shares during the period. Institutional investors own 72.42% of the company’s stock.

Wall Street Analysts Forecast Growth

CVX has been the topic of several research reports. UBS Group upped their price objective on shares of Chevron from $194.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Piper Sandler lowered their target price on shares of 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 lifted their price target on Chevron from $171.00 to $188.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Scotiabank cut their target price on Chevron from $180.00 to $163.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Finally, Royal Bank of Canada upped their price target on Chevron from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Chevron currently has an average rating of “Moderate Buy” and an average target price of $175.27.

Chevron Trading Down 0.6 %

Shares of CVX stock opened at $156.24 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 firm has a market cap of $280.78 billion, a P/E ratio of 17.17, a PEG ratio of 1.37 and a beta of 1.12. The company has a 50 day moving average of $153.74 and a 200-day moving average of $151.12. Chevron Co. has a 12-month low of $135.37 and a 12-month high of $167.11.

Chevron (NYSE:CVX) last released its earnings results on Friday, November 1st. The oil and gas company reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.04. Chevron had a return on equity of 13.15% and a net margin of 8.44%. The business had revenue of $50.67 billion during the quarter, compared to the consensus estimate of $48.86 billion. During the same period last year, the business posted $3.05 earnings per share. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. Sell-side analysts anticipate that Chevron Co. will post 10.18 earnings per share for the current year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were paid a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.17%. Chevron’s payout ratio is 71.65%.

Insider Activity

In related news, CEO Michael K. Wirth sold 164,600 shares of Chevron stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $160.13, for a total value of $26,357,398.00. Following the completion of the transaction, the chief executive officer now directly owns 4,280 shares in the company, valued at approximately $685,356.40. The trade was a 97.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

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.