Chevron Co. (NYSE:CVX) Position Lowered by West Oak Capital LLC

West Oak Capital LLC decreased its stake in shares of Chevron Co. (NYSE:CVX) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,943 shares of the oil and gas company’s stock after selling 160 shares during the period. Chevron comprises about 1.2% of West Oak Capital LLC’s investment portfolio, making the stock its 20th biggest holding. West Oak Capital LLC’s holdings in Chevron were worth $2,642,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Picton Mahoney Asset Management purchased a new stake in Chevron in the 3rd quarter worth approximately $26,000. Valley Forge Investment Consultants Inc. ADV grew its position in Chevron by 80.0% in the 3rd quarter. Valley Forge Investment Consultants Inc. ADV now owns 180 shares of the oil and gas company’s stock worth $30,000 after purchasing an additional 80 shares during the last quarter. Valued Wealth Advisors LLC acquired a new stake in shares of Chevron during the 4th quarter valued at about $33,000. DHJJ Financial Advisors Ltd. bought a new position in Chevron during the 3rd quarter valued at about $35,000. Finally, Worth Asset Management LLC bought a new position in Chevron during the 1st quarter valued at about $36,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CVX. Jefferies Financial Group raised shares of Chevron from a “hold” rating to a “buy” rating and set a $184.00 price target for the company in a research note on Monday, January 8th. Mizuho increased their price objective on shares of Chevron from $195.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Piper Sandler decreased their price target on shares of Chevron from $188.00 to $180.00 and set an “overweight” rating on the stock in a research note on Thursday, March 14th. Royal Bank of Canada increased their price objective on shares of Chevron from $185.00 to $190.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Finally, TD Cowen downgraded shares of Chevron from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $170.00 to $150.00 in a research note on Tuesday, January 23rd. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $180.39.

Chevron Trading Up 0.2 %

NYSE:CVX traded up $0.38 on Wednesday, reaching $155.65. The company’s stock had a trading volume of 2,000,402 shares, compared to its average volume of 8,692,951. Chevron Co. has a 12-month low of $139.62 and a 12-month high of $172.88. 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 firm has a market cap of $289.08 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 2.40 and a beta of 1.12. The stock has a 50 day moving average price of $151.11 and a 200 day moving average price of $152.73.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.19 by $0.26. Chevron had a return on equity of 15.24% and a net margin of 10.63%. The business had revenue of $47.18 billion during the quarter, compared to analysts’ expectations of $50.93 billion. During the same period in the previous year, the firm posted $4.09 earnings per share. The company’s revenue was down 16.5% on a year-over-year basis. On average, equities analysts anticipate that Chevron Co. will post 13.04 EPS for the current fiscal year.

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were issued a $1.63 dividend. The ex-dividend date was Thursday, February 15th. This represents a $6.52 dividend on an annualized basis and a yield of 4.19%. This is a boost from Chevron’s previous quarterly dividend of $1.51. Chevron’s dividend payout ratio (DPR) is presently 57.39%.

About Chevron

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.