Chevron Co. (NYSE:CVX) Stock Holdings Raised by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC lifted its position in Chevron Co. (NYSE:CVX - Free Report) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 249,517 shares of the oil and gas company's stock after acquiring an additional 2,615 shares during the quarter. United Capital Financial Advisors LLC's holdings in Chevron were worth $36,140,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. McIlrath & Eck LLC increased its holdings in shares of Chevron by 5.8% in the third quarter. McIlrath & Eck LLC now owns 1,434 shares of the oil and gas company's stock valued at $211,000 after purchasing an additional 78 shares during the period. Westside Investment Management Inc. increased its holdings in Chevron by 9.0% in the 3rd quarter. Westside Investment Management Inc. now owns 3,405 shares of the oil and gas company's stock worth $503,000 after buying an additional 281 shares during the period. Diamant Asset Management Inc. lifted its stake in Chevron by 6.2% during the 3rd quarter. Diamant Asset Management Inc. now owns 5,510 shares of the oil and gas company's stock valued at $811,000 after acquiring an additional 320 shares during the period. Wealthquest Corp boosted its holdings in shares of Chevron by 2.3% in the 3rd quarter. Wealthquest Corp now owns 5,222 shares of the oil and gas company's stock valued at $782,000 after acquiring an additional 118 shares during the last quarter. Finally, Te Ahumairangi Investment Management Ltd increased its stake in shares of Chevron by 4.5% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 22,219 shares of the oil and gas company's stock worth $3,254,000 after acquiring an additional 950 shares during the period. 72.42% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Chevron

In related news, VP Jeff B. Gustavson sold 9,325 shares of Chevron stock in a transaction on 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 transaction, the vice president now owns 1,057 shares in the company, 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 can be accessed through this link. 0.20% of the stock is owned by insiders.

Chevron Stock Performance

CVX traded up $2.32 during trading on Friday, reaching $137.68. The company's stock had a trading volume of 8,423,604 shares, compared to its average volume of 7,924,904. The company has a market capitalization of $242.39 billion, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 1.46 and a beta of 0.93. The company's fifty day moving average price is $153.54 and its 200-day moving average price is $153.42. Chevron Co. has a 52-week low of $132.04 and a 52-week high of $168.96. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07.

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings data 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 return on equity of 11.44% and a net margin of 8.71%. During the same period last year, the company earned $3.45 EPS. On average, equities analysts forecast that Chevron Co. will post 10.79 earnings per share for the current fiscal year.

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a $1.71 dividend. This is a positive change from Chevron's previous quarterly dividend of $1.63. This represents a $6.84 annualized dividend and a dividend yield of 4.97%. The ex-dividend date of this dividend was Friday, February 14th. Chevron's dividend payout ratio (DPR) is 70.37%.

Analyst Ratings Changes

A number of research analysts recently issued reports on CVX shares. Scotiabank downgraded shares of Chevron from a "sector outperform" rating to a "sector perform" rating and decreased their target price for the company from $160.00 to $143.00 in a research report on Friday, April 11th. Raymond James decreased their price objective on Chevron from $180.00 to $175.00 and set an "outperform" rating for the company in a report on Monday, February 3rd. UBS Group dropped their target price on Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Wells Fargo & Company decreased their price target on Chevron from $184.00 to $173.00 and set an "overweight" rating for the company in a report on Tuesday. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $175.00 price target on shares of Chevron in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $169.50.

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.