Sound Financial Strategies Group LLC Has $619,000 Holdings in Chevron Co. (NYSE:CVX)

Sound Financial Strategies Group LLC cut its position in shares of Chevron Co. (NYSE:CVX) by 27.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,149 shares of the oil and gas company’s stock after selling 1,565 shares during the quarter. Chevron comprises about 0.5% of Sound Financial Strategies Group LLC’s holdings, making the stock its 29th largest position. Sound Financial Strategies Group LLC’s holdings in Chevron were worth $619,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Picton Mahoney Asset Management bought a new position in Chevron during the third quarter worth $26,000. Valley Forge Investment Consultants Inc. ADV boosted its stake in Chevron by 80.0% during the third quarter. Valley Forge Investment Consultants Inc. ADV now owns 180 shares of the oil and gas company’s stock worth $30,000 after acquiring an additional 80 shares in the last quarter. Valued Wealth Advisors LLC bought a new position in Chevron during the fourth quarter worth $33,000. Legacy Financial Group LLC bought a new position in Chevron during the third quarter worth $43,000. Finally, Roble Belko & Company Inc boosted its stake in Chevron by 77.3% during the fourth quarter. Roble Belko & Company Inc now owns 344 shares of the oil and gas company’s stock worth $51,000 after acquiring an additional 150 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Stock Performance

NYSE CVX traded up $0.84 during trading hours on Wednesday, reaching $163.69. 7,607,146 shares of the company were exchanged, compared to its average volume of 8,448,613. Chevron Co. has a 1 year low of $139.62 and a 1 year high of $171.70. The business’s 50 day simple moving average is $156.14 and its 200-day simple moving average is $151.75. The company has a quick ratio of 1.01, a current ratio of 1.27 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $304.02 billion, a P/E ratio of 14.41, a P/E/G ratio of 2.38 and a beta of 1.12.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.19 by $0.26. Chevron had a net margin of 10.63% and a return on equity of 15.24%. The business had revenue of $47.18 billion during the quarter, compared to the consensus estimate of $50.93 billion. During the same quarter last year, the company posted $4.09 earnings per share. The firm’s quarterly revenue was down 16.5% compared to the same quarter last year. On average, equities research analysts expect that Chevron Co. will post 13.58 earnings per share for the current 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 paid a $1.63 dividend. This is an increase from Chevron’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $6.52 annualized dividend and a dividend yield of 3.98%. Chevron’s dividend payout ratio (DPR) is presently 57.39%.

Insider Transactions at Chevron

In other news, VP Alana K. Knowles sold 2,800 shares of Chevron stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $160.09, for a total value of $448,252.00. Following the completion of the transaction, the vice president now owns 276 shares in the company, valued at $44,184.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

CVX has been the topic of several research analyst reports. Barclays started coverage on shares of Chevron in a research note on Wednesday, April 10th. They set an “overweight” rating and a $203.00 target price on the stock. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Chevron in a research note on Monday, April 1st. TD Cowen lowered shares of Chevron from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $170.00 to $150.00 in a research note on Tuesday, January 23rd. Truist Financial dropped their price objective on shares of Chevron from $168.00 to $156.00 and set a “hold” rating on the stock in a research note on Friday, April 5th. Finally, Royal Bank of Canada raised their price objective on shares of Chevron from $185.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Chevron has an average rating of “Moderate Buy” and an average price target of $184.75.

Chevron 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.