Werba Rubin Papier Wealth Management Reduces Position in Chevron Co. (NYSE:CVX)

Werba Rubin Papier Wealth Management cut its position in shares of Chevron Co. (NYSE:CVXFree Report) by 7.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,165 shares of the oil and gas company’s stock after selling 174 shares during the period. Werba Rubin Papier Wealth Management’s holdings in Chevron were worth $323,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Picton Mahoney Asset Management purchased a new position in shares of Chevron during the 3rd quarter worth about $26,000. Valley Forge Investment Consultants Inc. ADV boosted its stake in shares of Chevron by 80.0% during the 3rd quarter. Valley Forge Investment Consultants Inc. ADV now owns 180 shares of the oil and gas company’s stock worth $30,000 after purchasing an additional 80 shares during the period. DHJJ Financial Advisors Ltd. purchased a new position in shares of Chevron during the 3rd quarter worth about $35,000. Valued Wealth Advisors LLC purchased a new stake in Chevron in the 4th quarter valued at about $33,000. Finally, Worth Asset Management LLC acquired a new position in Chevron during the 1st quarter valued at approximately $36,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CVX shares. Mizuho increased their price objective on shares of Chevron from $195.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Jefferies Financial Group raised shares of Chevron from a “hold” rating to a “buy” rating and set a $184.00 price objective on the stock in a report on Monday, January 8th. DZ Bank downgraded shares of Chevron from a “buy” rating to a “hold” rating and set a $160.00 price objective on the stock. in a report on Tuesday, February 6th. UBS Group reduced their target price on shares of Chevron from $194.00 to $185.00 and set a “buy” rating for the company in a research report on Thursday, December 14th. Finally, Piper Sandler reduced their target price on shares of Chevron from $188.00 to $180.00 and set an “overweight” rating for the company in a research report on Thursday, March 14th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Chevron has an average rating of “Moderate Buy” and an average price target of $180.39.

Read Our Latest Stock Report on CVX

Chevron Stock Up 0.5 %

Shares of NYSE:CVX opened at $159.82 on Wednesday. The company has a market capitalization of $296.83 billion, a PE ratio of 14.07, a P/E/G ratio of 2.42 and a beta of 1.12. The company has a current ratio of 1.27, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Chevron Co. has a twelve month low of $139.62 and a twelve month high of $172.88. The firm has a 50 day simple moving average of $152.56 and a 200-day simple moving average of $152.41.

Chevron (NYSE:CVXGet Free Report) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.26. The business had revenue of $47.18 billion during the quarter, compared to the consensus estimate of $50.93 billion. Chevron had a net margin of 10.63% and a return on equity of 15.24%. The company’s revenue was down 16.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.09 EPS. On average, equities analysts predict that Chevron Co. will post 13.13 EPS for the current fiscal year.

Chevron Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.08%. This is a boost from Chevron’s previous quarterly dividend of $1.51. The ex-dividend date was Thursday, February 15th. Chevron’s payout ratio is presently 57.39%.

Chevron Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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