Unique Wealth Strategies LLC Takes Position in Chevron Co. (NYSE:CVX)

Unique Wealth Strategies LLC bought a new stake in shares of Chevron Co. (NYSE:CVX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,452 shares of the oil and gas company’s stock, valued at approximately $366,000.

Several other large investors have also recently made changes to their positions in CVX. Consolidated Planning Corp increased its holdings in Chevron by 4.9% in the 4th quarter. Consolidated Planning Corp now owns 29,778 shares of the oil and gas company’s stock worth $4,442,000 after acquiring an additional 1,402 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC purchased a new stake in Chevron in the 4th quarter worth about $203,000. Investment Partners LTD. increased its holdings in Chevron by 0.8% in the 4th quarter. Investment Partners LTD. now owns 8,124 shares of the oil and gas company’s stock worth $1,212,000 after acquiring an additional 68 shares during the last quarter. Private Wealth Partners LLC increased its holdings in Chevron by 21.3% in the 4th quarter. Private Wealth Partners LLC now owns 193,134 shares of the oil and gas company’s stock worth $28,808,000 after acquiring an additional 33,878 shares during the last quarter. Finally, Addison Advisors LLC grew its holdings in Chevron by 9.3% during the 4th quarter. Addison Advisors LLC now owns 4,931 shares of the oil and gas company’s stock valued at $735,000 after buying an additional 420 shares in the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron Price Performance

NYSE:CVX traded up $0.61 during mid-day trading on Friday, reaching $165.89. The stock had a trading volume of 9,736,350 shares, compared to its average volume of 7,082,480. The firm has a 50 day moving average price of $156.58 and a two-hundred day moving average price of $151.73. 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. Chevron Co. has a one year low of $139.62 and a one year high of $171.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.27.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.09. Chevron had a return on equity of 15.24% and a net margin of 10.63%. The firm had revenue of $48.72 billion during the quarter, compared to the consensus estimate of $48.42 billion. During the same quarter in the previous year, the company posted $3.55 earnings per share. The business’s revenue was down 4.1% on a year-over-year basis. As a group, analysts expect that Chevron Co. will post 13.58 earnings per share for the current year.

Chevron Announces Dividend

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

Insider Buying and Selling

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

Analyst Ratings Changes

A number of research analysts have weighed in on the company. DZ Bank lowered Chevron from a “buy” rating to a “hold” rating and set a $160.00 target price for the company. in a report on Tuesday, February 6th. Wells Fargo & Company lifted their target price on Chevron from $185.00 to $198.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Mizuho lifted 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. Piper Sandler lifted their target price on Chevron from $180.00 to $204.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Finally, TD Cowen lowered Chevron from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $170.00 to $150.00 in a report on Tuesday, January 23rd. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Chevron currently has an average rating of “Moderate Buy” and a consensus target price 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.