Charles Carroll Financial Partners LLC Trims Stock Holdings in Chevron Co. (NYSE:CVX)

Charles Carroll Financial Partners LLC reduced its holdings in shares of Chevron Co. (NYSE:CVX) by 50.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,400 shares of the oil and gas company’s stock after selling 3,400 shares during the quarter. Charles Carroll Financial Partners LLC’s holdings in Chevron were worth $507,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vestmark Advisory Solutions Inc. boosted its holdings in shares of Chevron by 2.1% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 38,054 shares of the oil and gas company’s stock worth $5,676,000 after acquiring an additional 777 shares during the period. Royal Fund Management LLC increased its position in shares of Chevron by 9.7% during the fourth quarter. Royal Fund Management LLC now owns 6,373 shares of the oil and gas company’s stock valued at $950,000 after buying an additional 562 shares during the period. AJOVista LLC purchased a new stake in shares of Chevron in the fourth quarter worth about $235,000. Knuff & Co LLC boosted its position in shares of Chevron by 2.5% in the fourth quarter. Knuff & Co LLC now owns 12,759 shares of the oil and gas company’s stock valued at $1,903,000 after acquiring an additional 310 shares during the period. Finally, Sapient Capital LLC bought a new stake in Chevron during the 4th quarter worth approximately $55,471,000. 72.42% of the stock is owned by institutional investors.

Chevron Trading Down 0.3 %

Shares of NYSE CVX traded down $0.48 during mid-day trading on Friday, hitting $160.25. The stock had a trading volume of 11,664,505 shares, compared to its average volume of 7,516,580. The business has a 50 day moving average price of $157.26 and a two-hundred day moving average price of $151.76. Chevron Co. has a 1 year low of $139.62 and a 1 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. The firm has a market cap of $297.63 billion, a P/E ratio of 14.74, a price-to-earnings-growth ratio of 2.37 and a beta of 1.11.

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

Chevron Announces Dividend

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

Insiders Place Their Bets

In related news, VP Alana K. Knowles sold 2,800 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $165.00, for a total transaction of $462,000.00. Following the completion of the transaction, the vice president now owns 276 shares in the company, valued at $45,540. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

CVX has been the subject of several analyst reports. HSBC raised their price target on shares of Chevron from $175.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Wells Fargo & Company upped their target price on Chevron from $198.00 to $206.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Piper Sandler boosted their price objective on Chevron from $180.00 to $204.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Royal Bank of Canada upped their price objective on shares of Chevron from $185.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. Finally, UBS Group lifted their target price on shares of Chevron from $185.00 to $197.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $185.35.

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.