Chevron Co. (NYSE:CVX) Shares Sold by FWG Holdings LLC

FWG Holdings LLC decreased its position in Chevron Co. (NYSE:CVX) by 5.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,150 shares of the oil and gas company’s stock after selling 314 shares during the quarter. FWG Holdings LLC’s holdings in Chevron were worth $769,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Chevron by 46.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 589,223 shares of the oil and gas company’s stock valued at $85,343,000 after buying an additional 185,528 shares during the period. Fairscale Capital LLC grew its stake in Chevron by 11.5% in the 4th quarter. Fairscale Capital LLC now owns 706 shares of the oil and gas company’s stock worth $102,000 after acquiring an additional 73 shares during the period. Solitude Financial Services raised its holdings in Chevron by 11.0% in the 4th quarter. Solitude Financial Services now owns 22,378 shares of the oil and gas company’s stock valued at $3,241,000 after acquiring an additional 2,213 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC lifted its stake in shares of Chevron by 28.7% during the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 5,613 shares of the oil and gas company’s stock worth $813,000 after purchasing an additional 1,250 shares during the period. Finally, Enterprise Financial Services Corp boosted its holdings in shares of Chevron by 1.2% during the fourth quarter. Enterprise Financial Services Corp now owns 7,571 shares of the oil and gas company’s stock worth $1,097,000 after purchasing an additional 88 shares during the last quarter. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on CVX shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $175.00 target price on shares of Chevron in a research note on Monday, February 3rd. Wells Fargo & Company cut their price objective on shares of Chevron from $188.00 to $184.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Citigroup upgraded shares of Chevron from a “neutral” rating to a “buy” rating and boosted their target price for the company from $145.00 to $185.00 in a report on Tuesday, November 26th. UBS Group cut their price target on shares of Chevron from $195.00 to $194.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Finally, Barclays dropped their price objective on Chevron from $174.00 to $171.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Chevron currently has a consensus rating of “Moderate Buy” and an average price target of $174.13.

Insider Transactions at Chevron

In related news, VP Jeff B. Gustavson sold 9,325 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $152.50, for a total transaction of $1,422,062.50. Following the sale, the vice president now owns 1,057 shares in the company, valued at $161,192.50. This represents a 89.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.20% of the company’s stock.

Chevron Stock Performance

Shares of CVX stock opened at $156.48 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. Chevron Co. has a 12 month low of $135.37 and a 12 month high of $167.11. The company’s fifty day moving average price is $154.08 and its two-hundred day moving average price is $151.78. The firm has a market capitalization of $275.51 billion, a P/E ratio of 16.10, a P/E/G ratio of 1.46 and a beta of 1.08.

Chevron (NYSE:CVX) last announced its quarterly earnings data 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 net margin of 8.71% and a return on equity of 11.44%. During the same period in the prior year, the business earned $3.45 earnings per share. On average, research analysts anticipate that Chevron Co. will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be issued a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.37%. This is a boost from Chevron’s previous quarterly dividend of $1.63. The ex-dividend date is Friday, February 14th. Chevron’s dividend payout ratio 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.