Chevron Co. (NYSE:CVX) Stock Holdings Lifted by Galvin Gaustad & Stein LLC

Galvin Gaustad & Stein LLC raised its position in Chevron Co. (NYSE:CVX) by 10.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,403 shares of the oil and gas company’s stock after purchasing an additional 6,470 shares during the quarter. Galvin Gaustad & Stein LLC’s holdings in Chevron were worth $10,342,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Baron Silver Stevens Financial Advisors LLC grew its stake in Chevron by 15.6% in the fourth quarter. Baron Silver Stevens Financial Advisors LLC now owns 3,214 shares of the oil and gas company’s stock valued at $466,000 after purchasing an additional 433 shares in the last quarter. Endeavor Private Wealth Inc. purchased a new position in Chevron in the fourth quarter valued at about $72,000. Bill Few Associates Inc. boosted its stake in shares of Chevron by 0.4% during the 4th quarter. Bill Few Associates Inc. now owns 27,670 shares of the oil and gas company’s stock worth $4,008,000 after acquiring an additional 98 shares in the last quarter. Raleigh Capital Management Inc. boosted its stake in shares of Chevron by 43.2% during the 4th quarter. Raleigh Capital Management Inc. now owns 14,177 shares of the oil and gas company’s stock worth $2,053,000 after acquiring an additional 4,277 shares in the last quarter. Finally, D.B. Root & Company LLC boosted its stake in shares of Chevron by 10.0% during the 4th quarter. D.B. Root & Company LLC now owns 6,400 shares of the oil and gas company’s stock worth $927,000 after acquiring an additional 583 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Insider Transactions at Chevron

In other news, CEO Michael K. Wirth sold 164,600 shares of the 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 transaction, the chief executive officer now directly owns 4,280 shares of the company’s stock, valued at approximately $685,356.40. This represents a 97.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.20% of the stock is currently owned by insiders.

Chevron Trading Down 0.3 %

Chevron stock opened at $155.62 on Friday. The business has a 50 day moving average price of $153.93 and a two-hundred day moving average price of $151.14. 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 stock has a market cap of $279.66 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 1.37 and a beta of 1.12. Chevron Co. has a 12 month low of $135.37 and a 12 month high of $167.11.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $2.51 EPS for the quarter, beating the consensus estimate of $2.47 by $0.04. The firm had revenue of $50.67 billion during the quarter, compared to analysts’ expectations of $48.86 billion. Chevron had a return on equity of 13.15% and a net margin of 8.44%. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.05 EPS. As a group, equities analysts forecast that Chevron Co. will post 10.18 EPS for the current year.

Chevron Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were issued a $1.63 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.19%. Chevron’s payout ratio is presently 71.65%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CVX. Bank of America began coverage on Chevron in a research note on Thursday, October 17th. They set a “buy” rating and a $168.00 price target for the company. Citigroup upgraded Chevron from a “neutral” rating to a “buy” rating and upped their price target for the stock from $145.00 to $185.00 in a research note on Tuesday, November 26th. Barclays upped their price target on Chevron from $168.00 to $174.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Wells Fargo & Company upped their price target on Chevron from $171.00 to $188.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Finally, Scotiabank decreased their target price on Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Four research 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 stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.27.

Chevron Company 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.