Chevron Co. (NYSE:CVX) Shares Sold by American Trust

American Trust decreased its position in Chevron Co. (NYSE:CVX) by 4.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,934 shares of the oil and gas company’s stock after selling 132 shares during the quarter. American Trust’s holdings in Chevron were worth $432,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Lantz Financial LLC boosted its stake in shares of Chevron by 2.7% in the second quarter. Lantz Financial LLC now owns 23,334 shares of the oil and gas company’s stock valued at $3,650,000 after purchasing an additional 623 shares during the period. Harrell Investment Partners LLC boosted its position in Chevron by 6.6% in the 2nd quarter. Harrell Investment Partners LLC now owns 9,459 shares of the oil and gas company’s stock valued at $1,480,000 after buying an additional 587 shares during the period. Well Done LLC grew its stake in shares of Chevron by 2.3% in the second quarter. Well Done LLC now owns 4,533 shares of the oil and gas company’s stock worth $709,000 after acquiring an additional 102 shares in the last quarter. CFM Wealth Partners LLC increased its position in shares of Chevron by 7.6% during the second quarter. CFM Wealth Partners LLC now owns 20,383 shares of the oil and gas company’s stock worth $3,188,000 after acquiring an additional 1,434 shares during the period. Finally, Mason & Associates Inc raised its stake in shares of Chevron by 4.3% in the second quarter. Mason & Associates Inc now owns 2,363 shares of the oil and gas company’s stock valued at $370,000 after acquiring an additional 98 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Chevron

In related news, CEO Michael K. Wirth sold 164,600 shares of Chevron stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $160.13, for a total value of $26,357,398.00. Following the transaction, the chief executive officer now directly owns 4,280 shares in the company, valued at $685,356.40. This trade represents a 97.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on CVX shares. Citigroup raised Chevron from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $145.00 to $185.00 in a research note on Tuesday, November 26th. Scotiabank lowered their price objective on Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Barclays upped their target price on shares of Chevron from $168.00 to $174.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Mizuho decreased their price target on shares of Chevron from $205.00 to $189.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Finally, Wells Fargo & Company increased their price objective on shares of Chevron from $171.00 to $188.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $177.13.

Chevron Stock Performance

NYSE CVX opened at $153.87 on Friday. The company has a fifty day moving average of $155.35 and a two-hundred day moving average of $152.43. The company has a market capitalization of $276.52 billion, a PE ratio of 16.91, a P/E/G ratio of 2.98 and a beta of 1.10. Chevron Co. has a 1 year low of $135.37 and a 1 year high of $167.11. 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) last released 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. Chevron had a net margin of 8.44% and a return on equity of 13.15%. The firm had revenue of $50.67 billion during the quarter, compared to the consensus estimate of $48.86 billion. During the same quarter in the prior year, the firm earned $3.05 EPS. Chevron’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, analysts expect that Chevron Co. will post 10.5 earnings per share for the current year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.24%. The ex-dividend date was Monday, November 18th. Chevron’s dividend payout ratio (DPR) is presently 71.65%.

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.