Chevron Co. (NYSE:CVX) Shares Bought by Ellenbecker Investment Group

Ellenbecker Investment Group increased its position in Chevron Co. (NYSE:CVX) by 3.0% in the fourth quarter, Holdings Channel reports. The firm owned 3,870 shares of the oil and gas company’s stock after purchasing an additional 113 shares during the quarter. Ellenbecker Investment Group’s holdings in Chevron were worth $327,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CVX. Sowell Financial Services LLC lifted its holdings in Chevron by 3.3% in the fourth quarter. Sowell Financial Services LLC now owns 108,391 shares of the oil and gas company’s stock worth $9,154,000 after acquiring an additional 3,493 shares during the last quarter. KMG Fiduciary Partners LLC lifted its holdings in Chevron by 17.8% in the fourth quarter. KMG Fiduciary Partners LLC now owns 27,750 shares of the oil and gas company’s stock worth $2,414,000 after acquiring an additional 4,186 shares during the last quarter. Acropolis Investment Management LLC lifted its holdings in Chevron by 8.3% in the fourth quarter. Acropolis Investment Management LLC now owns 16,783 shares of the oil and gas company’s stock worth $1,417,000 after acquiring an additional 1,290 shares during the last quarter. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Chevron during the fourth quarter valued at approximately $16,407,000. Finally, Foundations Investment Advisors LLC lifted its stake in Chevron by 51.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 4,533 shares of the oil and gas company’s stock valued at $413,000 after purchasing an additional 1,549 shares during the last quarter. Institutional investors and hedge funds own 62.27% of the company’s stock.

Chevron stock traded up $0.08 during mid-day trading on Wednesday, reaching $93.42. The company had a trading volume of 438,664 shares, compared to its average volume of 11,220,892. The company has a quick ratio of 0.97, a current ratio of 1.26 and a debt-to-equity ratio of 0.26. Chevron Co. has a 52 week low of $51.60 and a 52 week high of $117.29. The company has a 50 day moving average of $89.00 and a 200-day moving average of $83.03. The firm has a market cap of $174.45 billion, a price-to-earnings ratio of -15.21, a PEG ratio of 6.13 and a beta of 1.33.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Wednesday, November 4th. The oil and gas company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.38. Chevron had a negative net margin of 10.86% and a positive return on equity of 1.75%. The firm had revenue of $24.45 billion during the quarter, compared to the consensus estimate of $26.34 billion. During the same period in the prior year, the firm earned $1.55 EPS. The business’s revenue was down 32.3% on a year-over-year basis. On average, analysts predict that Chevron Co. will post -0.09 earnings per share for the current fiscal year.

Several research firms recently commented on CVX. Truist Securiti cut their target price on shares of Chevron from $113.00 to $112.00 and set a “buy” rating for the company in a research note on Friday, October 9th. Piper Sandler upgraded shares of Chevron from a “neutral” rating to an “overweight” rating and upped their price target for the company from $108.00 to $113.00 in a research report on Friday, January 8th. Tudor Pickering downgraded shares of Chevron from a “buy” rating to a “hold” rating in a research report on Monday, December 7th. Truist upped their price target on shares of Chevron in a research report on Monday, January 4th. Finally, Scotiabank downgraded shares of Chevron from a “sector outperform” rating to a “sector perform” rating and set a $95.00 price target for the company. in a research report on Wednesday, September 23rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seventeen have issued a buy rating to the stock. Chevron has an average rating of “Buy” and an average target price of $102.24.

Chevron Company Profile

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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