Chevron Co. (NYSE:CVX) Stock Holdings Boosted by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management raised its position in shares of Chevron Co. (NYSE:CVX) by 7.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,743 shares of the oil and gas company’s stock after purchasing an additional 1,210 shares during the period. Keudell Morrison Wealth Management’s holdings in Chevron were worth $2,425,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other news, CEO Michael K. Wirth sold 164,600 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $685,356.40. This trade represents a 97.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CVX shares. Wells Fargo & Company upped their price objective on shares of Chevron from $171.00 to $188.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Barclays increased their price objective on shares of Chevron from $168.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Citigroup raised Chevron from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $145.00 to $185.00 in a report on Tuesday, November 26th. UBS Group increased their price target on Chevron from $194.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Finally, Truist Financial lifted their price target on Chevron from $160.00 to $164.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $175.27.

Chevron Trading Down 4.5 %

NYSE:CVX opened at $149.21 on Friday. The stock has a fifty day simple moving average of $153.46 and a 200 day simple moving average of $151.20. 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 capitalization of $268.14 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth 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.

Chevron (NYSE:CVX) last released its earnings results on Friday, January 31st. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.42 by ($0.36). Chevron had a return on equity of 13.15% and a net margin of 8.44%. During the same quarter in the previous year, the company earned $3.45 earnings per share. Sell-side analysts forecast that Chevron Co. will post 10.18 earnings per share for the current year.

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.