Total Wealth Planning LLC Has $782,000 Holdings in Chevron Co. (NYSE:CVX)

Total Wealth Planning LLC lessened its stake in Chevron Co. (NYSE:CVX) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,246 shares of the oil and gas company’s stock after selling 100 shares during the quarter. Total Wealth Planning LLC’s holdings in Chevron were worth $782,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of CVX. CX Institutional raised its stake in Chevron by 6.0% during the third quarter. CX Institutional now owns 14,911 shares of the oil and gas company’s stock worth $2,514,000 after acquiring an additional 848 shares in the last quarter. Whitcomb & Hess Inc. acquired a new position in shares of Chevron in the third quarter valued at approximately $215,000. Ballast Inc. increased its stake in shares of Chevron by 19.1% in the third quarter. Ballast Inc. now owns 1,983 shares of the oil and gas company’s stock valued at $334,000 after buying an additional 318 shares during the period. Culbertson A N & Co. Inc. increased its stake in shares of Chevron by 1.9% in the third quarter. Culbertson A N & Co. Inc. now owns 50,018 shares of the oil and gas company’s stock valued at $8,434,000 after buying an additional 951 shares during the period. Finally, Hennessy Advisors Inc. increased its stake in shares of Chevron by 4.4% in the third quarter. Hennessy Advisors Inc. now owns 64,932 shares of the oil and gas company’s stock valued at $10,949,000 after buying an additional 2,707 shares during the period. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insider Activity

In other news, VP Alana K. Knowles sold 2,800 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $160.09, for a total transaction of $448,252.00. Following the completion of the sale, the vice president now directly owns 276 shares of the company’s stock, valued at approximately $44,184.84. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CVX shares. Truist Financial lowered their price objective on Chevron from $168.00 to $156.00 and set a “hold” rating for the company in a research note on Friday, April 5th. DZ Bank downgraded Chevron from a “buy” rating to a “hold” rating and set a $160.00 price objective for the company. in a research note on Tuesday, February 6th. UBS Group upped their price objective on Chevron from $185.00 to $197.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. The Goldman Sachs Group reiterated a “buy” rating on shares of Chevron in a report on Monday, April 1st. Finally, Mizuho upped their target price on Chevron from $195.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $184.75.

Chevron Stock Up 0.4 %

NYSE CVX traded up $0.61 on Friday, reaching $165.89. The company had a trading volume of 9,736,350 shares, compared to its average volume of 7,082,480. The stock has a market capitalization of $308.10 billion, a P/E ratio of 15.26, a P/E/G ratio of 2.44 and a beta of 1.12. The company’s fifty day moving average is $156.58 and its 200 day moving average is $151.73. Chevron Co. has a 52-week low of $139.62 and a 52-week high of $171.70. The company has a quick ratio of 1.01, a current ratio of 1.27 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.09. The business had revenue of $48.72 billion during the quarter, compared to analyst estimates of $48.42 billion. Chevron had a return on equity of 15.24% and a net margin of 10.63%. Chevron’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.55 EPS. Sell-side analysts anticipate that Chevron Co. will post 13.58 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Thursday, May 16th. Chevron’s dividend payout ratio is presently 59.98%.

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.