McGlone Suttner Wealth Management Inc. Sells 1,688 Shares of Chevron Co. (NYSE:CVX)

McGlone Suttner Wealth Management Inc. lowered its stake in shares of Chevron Co. (NYSE:CVX) by 28.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,334 shares of the oil and gas company’s stock after selling 1,688 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in Chevron were worth $628,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Hengehold Capital Management LLC lifted its position in shares of Chevron by 3.1% during the fourth quarter. Hengehold Capital Management LLC now owns 30,931 shares of the oil and gas company’s stock valued at $4,480,000 after purchasing an additional 916 shares in the last quarter. Seneca House Advisors increased its stake in Chevron by 9.7% in the 4th quarter. Seneca House Advisors now owns 5,210 shares of the oil and gas company’s stock valued at $755,000 after buying an additional 459 shares during the last quarter. Hedges Asset Management LLC lifted its position in shares of Chevron by 2.9% during the 4th quarter. Hedges Asset Management LLC now owns 13,600 shares of the oil and gas company’s stock worth $1,970,000 after buying an additional 388 shares in the last quarter. Spinnaker Investment Group LLC boosted its stake in shares of Chevron by 8.7% in the 4th quarter. Spinnaker Investment Group LLC now owns 2,420 shares of the oil and gas company’s stock worth $351,000 after buying an additional 193 shares during the last quarter. Finally, Apeiron RIA LLC grew its holdings in shares of Chevron by 5.4% in the fourth quarter. Apeiron RIA LLC now owns 8,420 shares of the oil and gas company’s stock valued at $1,220,000 after acquiring an additional 433 shares in the last quarter. 72.42% of the stock is owned by institutional investors.

Chevron Trading Down 0.3 %

NYSE:CVX opened at $155.62 on Friday. The company has a market cap of $279.66 billion, a P/E ratio of 17.10, a P/E/G ratio of 1.37 and a beta of 1.12. Chevron Co. has a 1 year low of $135.37 and a 1 year high of $167.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80. The stock’s fifty day moving average price is $153.81 and its two-hundred day moving average price is $151.15.

Chevron (NYSE:CVX) last issued its earnings results on Friday, November 1st. The oil and gas company reported $2.51 EPS for the quarter, topping the consensus estimate of $2.47 by $0.04. Chevron had a return on equity of 13.15% and a net margin of 8.44%. The business had revenue of $50.67 billion during the quarter, compared to the consensus estimate of $48.86 billion. During the same quarter last year, the company earned $3.05 EPS. The firm’s revenue was down 6.3% compared to the same quarter last year. As a group, analysts expect that Chevron Co. will post 10.18 EPS for the current year.

Chevron Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were paid a dividend of $1.63 per share. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.19%. Chevron’s dividend payout ratio is currently 71.65%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Royal Bank of Canada boosted their price objective on Chevron from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Wells Fargo & Company boosted their price target on shares of Chevron from $171.00 to $188.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Raymond James raised their price objective on shares of Chevron from $175.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Barclays boosted their target price on shares of Chevron from $168.00 to $174.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Finally, DZ Bank upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a research note on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Chevron presently has a consensus rating of “Moderate Buy” and an average target price of $175.27.

Insider Buying and Selling

In related news, CEO Michael K. Wirth sold 164,600 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $160.13, for a total transaction of $26,357,398.00. Following the completion of the transaction, the chief executive officer now directly owns 4,280 shares in the company, valued at $685,356.40. The trade was a 97.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is currently owned by insiders.

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.