Bordeaux Wealth Advisors LLC Increases Position in Chevron Co. (NYSE:CVX)

Bordeaux Wealth Advisors LLC boosted its position in Chevron Co. (NYSE:CVX) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,866 shares of the oil and gas company’s stock after acquiring an additional 89 shares during the period. Bordeaux Wealth Advisors LLC’s holdings in Chevron were worth $577,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CVX. Bare Financial Services Inc purchased a new stake in shares of Chevron in the fourth quarter valued at $27,000. Coulter & Justus Financial Services LLC grew its holdings in Chevron by 11.5% in the 4th quarter. Coulter & Justus Financial Services LLC now owns 1,988 shares of the oil and gas company’s stock valued at $297,000 after buying an additional 205 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in shares of Chevron by 70.5% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 115,887 shares of the oil and gas company’s stock valued at $17,286,000 after acquiring an additional 47,910 shares during the last quarter. SouthState Corp increased its stake in shares of Chevron by 3.0% during the 4th quarter. SouthState Corp now owns 83,678 shares of the oil and gas company’s stock valued at $12,481,000 after acquiring an additional 2,428 shares during the last quarter. Finally, Summit Global Investments lifted its holdings in shares of Chevron by 28.7% during the 4th quarter. Summit Global Investments now owns 49,789 shares of the oil and gas company’s stock worth $7,427,000 after acquiring an additional 11,103 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Stock Down 0.3 %

Shares of Chevron stock traded down $0.48 during trading hours on Friday, hitting $160.25. 11,493,744 shares of the company’s stock traded hands, compared to its average volume of 8,484,686. Chevron Co. has a twelve month low of $139.62 and a twelve month high of $171.70. The company has a market cap of $297.63 billion, a PE ratio of 14.74, a PEG ratio of 2.36 and a beta of 1.11. 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 50 day simple moving average of $157.14 and a 200-day simple moving average of $151.80.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.09. Chevron had a return on equity of 14.38% and a net margin of 10.21%. The firm had revenue of $48.72 billion during the quarter, compared to analyst estimates of $48.42 billion. During the same quarter last year, the firm earned $3.55 EPS. Chevron’s quarterly revenue was down 4.1% on a year-over-year basis. Equities research analysts anticipate that Chevron Co. will post 13.53 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be issued a $1.63 dividend. The ex-dividend date is Thursday, May 16th. This represents a $6.52 annualized dividend and a yield of 4.07%. Chevron’s dividend payout ratio is presently 59.98%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CVX. Scotiabank upgraded shares of Chevron from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $170.00 to $195.00 in a report on Thursday, April 11th. Barclays initiated coverage on Chevron in a report on Wednesday, April 10th. They set an “overweight” rating and a $203.00 price objective for the company. 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. TD Cowen boosted their price target on Chevron from $155.00 to $160.00 and gave the company a “hold” rating in a research report on Monday. Finally, HSBC raised their price objective on Chevron from $175.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $185.35.

Insider Buying and Selling at Chevron

In other news, VP Alana K. Knowles sold 2,800 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $165.00, for a total value of $462,000.00. Following the sale, the vice president now owns 276 shares in the company, valued at approximately $45,540. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.20% of the stock is currently owned by insiders.

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.