Charter Oak Capital Management LLC Has $501,000 Stake in Chevron Co. (NYSE:CVX)

Charter Oak Capital Management LLC trimmed its position in shares of Chevron Co. (NYSE:CVX) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,458 shares of the oil and gas company’s stock after selling 226 shares during the period. Charter Oak Capital Management LLC’s holdings in Chevron were worth $501,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CVX. YHB Investment Advisors Inc. increased its position in Chevron by 1.5% during the fourth quarter. YHB Investment Advisors Inc. now owns 31,815 shares of the oil and gas company’s stock worth $4,608,000 after acquiring an additional 470 shares during the period. Northwest Financial Advisors increased its holdings in shares of Chevron by 8.4% during the 4th quarter. Northwest Financial Advisors now owns 1,729 shares of the oil and gas company’s stock worth $250,000 after purchasing an additional 134 shares during the period. Nilsine Partners LLC raised its position in shares of Chevron by 44.4% during the fourth quarter. Nilsine Partners LLC now owns 18,029 shares of the oil and gas company’s stock valued at $2,611,000 after buying an additional 5,546 shares during the last quarter. Baldwin Wealth Partners LLC MA lifted its stake in shares of Chevron by 5.8% in the fourth quarter. Baldwin Wealth Partners LLC MA now owns 71,879 shares of the oil and gas company’s stock valued at $10,411,000 after buying an additional 3,962 shares during the period. Finally, Foundations Investment Advisors LLC grew its position in Chevron by 13.4% during the fourth quarter. Foundations Investment Advisors LLC now owns 141,082 shares of the oil and gas company’s stock worth $20,434,000 after buying an additional 16,706 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors.

Insider Transactions at Chevron

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of Chevron stock in a transaction on 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 completion of the sale, the chief executive officer now owns 4,280 shares of the company’s stock, valued at approximately $685,356.40. The trade was a 97.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is owned by corporate insiders.

Chevron Price Performance

CVX opened at $156.24 on Wednesday. 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 company’s 50 day simple moving average is $153.74 and its 200-day simple moving average is $151.12. Chevron Co. has a one year low of $135.37 and a one year high of $167.11. The stock has a market capitalization of $280.78 billion, a P/E ratio of 17.17, a price-to-earnings-growth ratio of 1.37 and a beta of 1.12.

Chevron (NYSE:CVX) last released its earnings results on Friday, November 1st. The oil and gas company reported $2.51 EPS for the quarter, beating 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 company had revenue of $50.67 billion during the quarter, compared to analysts’ expectations of $48.86 billion. During the same period last year, the firm earned $3.05 EPS. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. Sell-side analysts anticipate that Chevron Co. will post 10.18 earnings per share for the current fiscal year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend was Monday, November 18th. Chevron’s dividend payout ratio (DPR) is presently 71.65%.

Wall Street Analyst Weigh In

A number of brokerages have commented on CVX. UBS Group raised their price objective on Chevron from $194.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada lifted their price target on shares of Chevron from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Truist Financial boosted their price target on shares of Chevron from $160.00 to $164.00 and gave the company a “hold” rating in a report on Monday, January 13th. Scotiabank decreased their target price on shares of Chevron from $180.00 to $163.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Finally, Citigroup raised shares of Chevron from a “neutral” rating to a “buy” rating and increased their price target for the stock from $145.00 to $185.00 in a research report on Tuesday, November 26th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $175.27.

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.