RIA Advisory Group LLC Buys 135 Shares of Chevron Co. (NYSE:CVX)

RIA Advisory Group LLC increased its stake in Chevron Co. (NYSE:CVX) by 5.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,646 shares of the oil and gas company’s stock after purchasing an additional 135 shares during the quarter. RIA Advisory Group LLC’s holdings in Chevron were worth $395,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Picton Mahoney Asset Management bought a new stake in Chevron during the third quarter valued at about $26,000. Valley Forge Investment Consultants Inc. ADV raised its holdings in Chevron by 80.0% during the third quarter. Valley Forge Investment Consultants Inc. ADV now owns 180 shares of the oil and gas company’s stock valued at $30,000 after acquiring an additional 80 shares during the period. Valued Wealth Advisors LLC bought a new stake in Chevron during the fourth quarter valued at about $33,000. Worth Asset Management LLC bought a new stake in Chevron during the first quarter valued at about $36,000. Finally, Legacy Financial Group LLC bought a new stake in Chevron during the third quarter valued at about $43,000. 72.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on CVX. DZ Bank cut Chevron from a “buy” rating to a “hold” rating and set a $160.00 price target on the stock. in a report on Tuesday, February 6th. TD Cowen cut Chevron from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $170.00 to $150.00 in a report on Tuesday, January 23rd. Barclays started coverage on Chevron in a report on Wednesday, April 10th. They set an “overweight” rating and a $203.00 price target on the stock. UBS Group raised their price objective on Chevron from $185.00 to $197.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Finally, Scotiabank upgraded Chevron from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $170.00 to $195.00 in a research report on Thursday, April 11th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $184.75.

Chevron Trading Up 1.5 %

CVX traded up $2.43 on Friday, hitting $160.00. The company had a trading volume of 7,658,690 shares, compared to its average volume of 8,518,190. The company has a market cap of $297.16 billion, a PE ratio of 14.08, a PEG ratio of 2.36 and a beta of 1.12. Chevron Co. has a 12-month low of $139.62 and a 12-month high of $172.38. 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 business’s fifty day simple moving average is $155.26 and its 200 day simple moving average is $151.90.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $3.45 EPS for the quarter, topping the consensus estimate of $3.19 by $0.26. The company had revenue of $47.18 billion during the quarter, compared to analyst estimates of $50.93 billion. Chevron had a return on equity of 15.24% and a net margin of 10.63%. The firm’s revenue was down 16.5% on a year-over-year basis. During the same quarter last year, the business posted $4.09 earnings per share. Equities research analysts expect that Chevron Co. will post 13.27 EPS for the current year.

Chevron Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were issued a $1.63 dividend. This is a positive change from Chevron’s previous quarterly dividend of $1.51. This represents a $6.52 annualized dividend and a yield of 4.08%. The ex-dividend date was Thursday, February 15th. Chevron’s payout ratio is currently 57.39%.

Insiders Place Their Bets

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

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.