MPS Loria Financial Planners LLC lessened its position in Chevron Co. (NYSE:CVX) by 6.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,228 shares of the oil and gas company’s stock after selling 1,000 shares during the quarter. Chevron accounts for approximately 1.1% of MPS Loria Financial Planners LLC’s portfolio, making the stock its 13th largest holding. MPS Loria Financial Planners LLC’s holdings in Chevron were worth $1,547,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CVX. Highwater Wealth Management LLC purchased a new stake in Chevron during the fourth quarter valued at about $51,000. Arlington Partners LLC boosted its holdings in shares of Chevron by 237.2% during the fourth quarter. Arlington Partners LLC now owns 853 shares of the oil and gas company’s stock worth $93,000 after purchasing an additional 600 shares during the period. Canton Hathaway LLC purchased a new stake in shares of Chevron during the third quarter worth about $141,000. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Chevron during the third quarter worth about $144,000. Finally, O Brien Wealth Partners LLC boosted its holdings in shares of Chevron by 4,389.3% during the third quarter. O Brien Wealth Partners LLC now owns 1,257 shares of the oil and gas company’s stock worth $154,000 after purchasing an additional 1,229 shares during the period. 66.05% of the stock is currently owned by institutional investors and hedge funds.

In other Chevron news, insider James William Johnson sold 4,750 shares of the firm’s stock in a transaction that occurred on Tuesday, January 15th. The shares were sold at an average price of $112.20, for a total transaction of $532,950.00. Following the completion of the transaction, the insider now owns 4,750 shares of the company’s stock, valued at $532,950. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeanette L. Ourada sold 7,200 shares of the firm’s stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $116.50, for a total transaction of $838,800.00. Following the transaction, the insider now directly owns 7,200 shares of the company’s stock, valued at approximately $838,800. The disclosure for this sale can be found here. Insiders have sold 16,700 shares of company stock valued at $1,964,740 in the last ninety days. Insiders own 0.46% of the company’s stock.

CVX has been the subject of a number of analyst reports. UBS Group upgraded shares of Chevron from a “neutral” rating to a “buy” rating and set a $112.95 target price for the company in a report on Friday, January 18th. Royal Bank of Canada upgraded shares of Chevron to a “sector perform” rating and set a $145.00 target price for the company in a report on Wednesday, March 6th. Credit Suisse Group reiterated a “buy” rating and set a $130.00 target price on shares of Chevron in a report on Wednesday, January 23rd. Tudor Pickering assumed coverage on shares of Chevron in a research note on Friday, March 1st. They issued a “buy” rating and a $133.00 price target for the company. Finally, Mizuho reissued a “buy” rating and issued a $140.00 price target on shares of Chevron in a research note on Wednesday, March 6th. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Chevron has an average rating of “Buy” and a consensus target price of $134.18.

CVX stock opened at $123.09 on Monday. Chevron Co. has a 1 year low of $100.22 and a 1 year high of $131.08. The stock has a market capitalization of $233.88 billion, a P/E ratio of 14.92, a P/E/G ratio of 3.75 and a beta of 1.03. The company has a quick ratio of 1.04, a current ratio of 1.25 and a debt-to-equity ratio of 0.18.

Chevron (NYSE:CVX) last announced its earnings results on Friday, February 1st. The oil and gas company reported $1.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.08. Chevron had a net margin of 8.91% and a return on equity of 9.78%. The business had revenue of $42.35 billion during the quarter, compared to the consensus estimate of $41.46 billion. During the same quarter last year, the firm earned $1.64 earnings per share. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. On average, equities analysts anticipate that Chevron Co. will post 6.6 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 15th were paid a dividend of $1.19 per share. This is an increase from Chevron’s previous quarterly dividend of $1.12. The ex-dividend date was Thursday, February 14th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 3.87%. Chevron’s dividend payout ratio (DPR) is currently 57.70%.

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About Chevron

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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