Chevron Co. (NYSE:CVX) Shares Bought by Everett Harris & Co. CA

Everett Harris & Co. CA lifted its position in shares of Chevron Co. (NYSE:CVX) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 598,645 shares of the oil and gas company’s stock after purchasing an additional 3,323 shares during the quarter. Chevron accounts for approximately 1.1% of Everett Harris & Co. CA’s portfolio, making the stock its 20th largest holding. Everett Harris & Co. CA’s holdings in Chevron were worth $86,708,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Rational Advisors LLC purchased a new position in shares of Chevron in the 3rd quarter valued at about $29,000. Legacy Investment Solutions LLC purchased a new stake in shares of Chevron in the third quarter valued at approximately $29,000. Darwin Wealth Management LLC acquired a new position in shares of Chevron during the 3rd quarter worth approximately $30,000. RPg Family Wealth Advisory LLC acquired a new stake in Chevron in the 3rd quarter valued at $31,000. Finally, New Wave Wealth Advisors LLC purchased a new stake in Chevron in the 4th quarter worth $39,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron Stock Down 4.5 %

Shares of NYSE:CVX opened at $149.21 on Friday. The business has a 50-day moving average price of $153.46 and a 200 day moving average price of $151.20. Chevron Co. has a 12-month low of $135.37 and a 12-month high of $167.11. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $268.14 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 1.35 and a beta of 1.12.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.36). Chevron had a net margin of 8.44% and a return on equity of 13.15%. During the same quarter in the previous year, the company earned $3.45 earnings per share. Sell-side analysts expect that Chevron Co. will post 10.18 EPS for the current year.

Analysts Set New Price Targets

CVX has been the topic of several research analyst reports. Royal Bank of Canada lifted their target price on shares of Chevron from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Citigroup upgraded Chevron from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $145.00 to $185.00 in a research note on Tuesday, November 26th. Barclays lifted their price target on Chevron from $168.00 to $174.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. DZ Bank raised shares of Chevron from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a research note on Tuesday, November 5th. Finally, Truist Financial raised their price target on shares of Chevron from $160.00 to $164.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $175.27.

Insider Buying and Selling at Chevron

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $160.13, for a total transaction of $26,357,398.00. Following the sale, the chief executive officer now directly owns 4,280 shares in the company, valued at $685,356.40. This represents a 97.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by corporate 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.