Hantz Financial Services Inc. Decreases Holdings in Chevron Co. (NYSE:CVX)

Hantz Financial Services Inc. reduced its stake in shares of Chevron Co. (NYSE:CVX) by 4.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,465 shares of the oil and gas company’s stock after selling 516 shares during the period. Hantz Financial Services Inc.’s holdings in Chevron were worth $1,516,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CVX. Legacy Investment Solutions LLC bought a new stake in shares of Chevron in the third quarter valued at $29,000. Rational Advisors LLC bought a new stake in Chevron in the 3rd quarter valued at about $29,000. Darwin Wealth Management LLC purchased a new stake in Chevron during the third quarter valued at about $30,000. RPg Family Wealth Advisory LLC bought a new position in Chevron during the third quarter worth about $31,000. Finally, Livelsberger Financial Advisory purchased a new position in shares of Chevron in the third quarter worth about $47,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Analyst Upgrades and Downgrades

CVX has been the topic of a number of recent research reports. Truist Financial upped their price target on shares of Chevron from $160.00 to $164.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Barclays increased their target price on Chevron from $168.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Piper Sandler reduced their price target on Chevron from $184.00 to $173.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Citigroup raised Chevron from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $145.00 to $185.00 in a report on Tuesday, November 26th. Finally, DZ Bank raised Chevron from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $175.27.

Chevron Stock Performance

Shares of NYSE CVX opened at $149.21 on Friday. The stock’s 50-day moving average is $153.46 and its 200 day moving average is $151.20. The stock has a market cap of $268.14 billion, a price-to-earnings ratio of 16.40, a P/E/G ratio of 1.35 and a beta of 1.12. Chevron Co. has a 1-year low of $135.37 and a 1-year high of $167.11. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX) last released its earnings results on Friday, January 31st. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.42 by ($0.36). Chevron had a net margin of 8.44% and a return on equity of 13.15%. During the same quarter in the prior year, the business posted $3.45 EPS. On average, sell-side analysts anticipate that Chevron Co. will post 10.18 EPS for the current fiscal year.

Insider Activity at Chevron

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $160.13, for a total value of $26,357,398.00. Following the completion of the sale, the chief executive officer now owns 4,280 shares in the company, valued at approximately $685,356.40. The trade was a 97.47 % decrease in their ownership of the stock. The sale 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 company 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.