4WEALTH Advisors Inc. Invests $433,000 in Chevron Co. (NYSE:CVX)

4WEALTH Advisors Inc. purchased a new stake in Chevron Co. (NYSE:CVX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,988 shares of the oil and gas company's stock, valued at approximately $433,000.

Several other large investors also recently made changes to their positions in the company. Allianz SE bought a new position in Chevron in the 4th quarter valued at $9,369,000. Nicholas Company Inc. boosted its stake in Chevron by 4.3% during the fourth quarter. Nicholas Company Inc. now owns 80,025 shares of the oil and gas company's stock valued at $11,591,000 after buying an additional 3,280 shares during the period. Applied Finance Capital Management LLC raised its stake in Chevron by 1.6% in the fourth quarter. Applied Finance Capital Management LLC now owns 179,815 shares of the oil and gas company's stock valued at $26,044,000 after purchasing an additional 2,755 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Chevron by 4.5% during the 4th quarter. Cerity Partners LLC now owns 1,205,747 shares of the oil and gas company's stock worth $174,817,000 after acquiring an additional 52,307 shares during the last quarter. Finally, Dale Q Rice Investment Management Ltd purchased a new position in shares of Chevron in the 4th quarter worth about $594,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Redburn Atlantic reiterated a "sell" rating and set a $124.00 target price (down from $156.00) on shares of Chevron in a report on Wednesday, April 23rd. Wells Fargo & Company lowered their target price on Chevron from $184.00 to $173.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. BNP Paribas cut Chevron to a "cautious" rating in a research report on Tuesday, April 15th. Raymond James dropped their target price on shares of Chevron from $180.00 to $175.00 and set an "outperform" rating for the company in a report on Monday, February 3rd. Finally, Truist Financial dropped their target price on shares of Chevron from $164.00 to $160.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $165.27.

Insider Transactions at Chevron

In related news, VP Jeff B. Gustavson sold 9,325 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $152.50, for a total transaction of $1,422,062.50. Following the transaction, the vice president now directly owns 1,057 shares of the company's stock, valued at approximately $161,192.50. The trade was a 89.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company's stock.

Chevron Stock Performance

Shares of CVX traded up $2.27 during mid-day trading on Friday, reaching $138.53. 12,386,040 shares of the company's stock were exchanged, compared to its average volume of 7,969,291. Chevron Co. has a 52-week low of $132.04 and a 52-week high of $168.96. The stock has a market capitalization of $243.90 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 1.46 and a beta of 0.93. The business's fifty day simple moving average is $149.76 and its 200-day simple moving average is $152.56. 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 (NYSE:CVX - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share for the quarter, beating analysts' consensus estimates of $2.15 by $0.03. The firm had revenue of $47.61 billion for the quarter, compared to the consensus estimate of $49.05 billion. Chevron had a return on equity of 11.44% and a net margin of 8.71%. The company's revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.93 earnings per share. On average, equities research analysts expect that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be given a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 4.94%. Chevron's dividend payout ratio (DPR) is presently 70.37%.

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.