Chevron Co. (NYSE:CVX) Position Reduced by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. reduced its position in Chevron Co. (NYSE:CVX) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 205,969 shares of the oil and gas company’s stock after selling 3,254 shares during the period. Chevron comprises approximately 1.8% of GW Henssler & Associates Ltd.’s holdings, making the stock its 17th largest position. GW Henssler & Associates Ltd.’s holdings in Chevron were worth $30,333,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CVX. Czech National Bank lifted its stake in Chevron by 6.1% in the 3rd quarter. Czech National Bank now owns 346,490 shares of the oil and gas company’s stock worth $51,028,000 after acquiring an additional 19,878 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its position in shares of Chevron by 3.2% in the third quarter. Azzad Asset Management Inc. ADV now owns 30,489 shares of the oil and gas company’s stock worth $4,490,000 after purchasing an additional 942 shares in the last quarter. Smith Anglin Financial LLC boosted its holdings in shares of Chevron by 4.5% during the third quarter. Smith Anglin Financial LLC now owns 6,384 shares of the oil and gas company’s stock worth $940,000 after purchasing an additional 275 shares during the period. Chemistry Wealth Management LLC grew its position in Chevron by 17.7% during the third quarter. Chemistry Wealth Management LLC now owns 4,144 shares of the oil and gas company’s stock valued at $610,000 after purchasing an additional 622 shares in the last quarter. Finally, Miracle Mile Advisors LLC increased its stake in Chevron by 1.4% in the 3rd quarter. Miracle Mile Advisors LLC now owns 26,703 shares of the oil and gas company’s stock valued at $3,933,000 after buying an additional 372 shares during the period. Institutional investors and hedge funds own 72.42% of the company’s stock.

Analysts Set New Price Targets

CVX has been the topic of several research analyst reports. Bank of America began coverage on shares of Chevron in a report on Thursday, October 17th. They set a “buy” rating and a $168.00 price target on the stock. UBS Group boosted their target price on Chevron from $194.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Piper Sandler cut their price target on Chevron from $184.00 to $173.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Royal Bank of Canada boosted their price target on Chevron from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company increased their price objective on Chevron from $171.00 to $188.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $175.27.

Insider Activity

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of the firm’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. This trade represents a 97.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is owned by company insiders.

Chevron Stock Performance

NYSE:CVX opened at $149.21 on Monday. The firm has a market capitalization of $268.14 billion, a PE ratio of 15.35, a PEG ratio of 1.29 and a beta of 1.11. 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. The firm’s fifty day simple moving average is $153.19 and its 200 day simple moving average is $151.09.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $2.06 earnings per share (EPS) 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 last year, the company earned $3.45 earnings per share. On average, sell-side analysts anticipate that Chevron Co. will post 11.45 EPS for the current year.

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a dividend of $1.71 per share. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Chevron’s previous quarterly dividend of $1.63. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.58%. Chevron’s payout ratio is 67.08%.

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.