ICW Investment Advisors LLC Buys 76 Shares of Chevron Co. (NYSE:CVX)

ICW Investment Advisors LLC raised its stake in Chevron Co. (NYSE:CVX) by 0.6% in the 4th quarter, HoldingsChannel reports. The firm owned 11,996 shares of the oil and gas company’s stock after acquiring an additional 76 shares during the quarter. ICW Investment Advisors LLC’s holdings in Chevron were worth $1,789,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CVX. Berry Wealth Group LP bought a new stake in Chevron in the 4th quarter worth about $348,000. Global Wealth Management Investment Advisory Inc. grew its position in Chevron by 14.9% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 41,578 shares of the oil and gas company’s stock worth $6,202,000 after purchasing an additional 5,402 shares in the last quarter. Cannell & Co. grew its position in Chevron by 48.9% in the 4th quarter. Cannell & Co. now owns 223,256 shares of the oil and gas company’s stock worth $33,301,000 after purchasing an additional 73,306 shares in the last quarter. Brandywine Oak Private Wealth LLC grew its position in Chevron by 4.0% in the 4th quarter. Brandywine Oak Private Wealth LLC now owns 7,804 shares of the oil and gas company’s stock worth $1,164,000 after purchasing an additional 297 shares in the last quarter. Finally, PYA Waltman Capital LLC grew its position in Chevron by 11.0% in the 4th quarter. PYA Waltman Capital LLC now owns 12,630 shares of the oil and gas company’s stock worth $1,884,000 after purchasing an additional 1,256 shares in the last quarter. 72.42% of the stock is owned by institutional investors.

Insider Transactions at Chevron

In other news, VP Alana K. Knowles sold 2,800 shares of the firm’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $165.00, for a total value of $462,000.00. Following the completion of the sale, the vice president now directly owns 276 shares of the company’s stock, valued at approximately $45,540. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CVX shares. Jefferies Financial Group raised shares of Chevron from a “hold” rating to a “buy” rating and set a $184.00 price objective for the company in a research report on Monday, January 8th. The Goldman Sachs Group reiterated a “buy” rating on shares of Chevron in a research note on Monday, April 1st. Wells Fargo & Company boosted their target price on shares of Chevron from $198.00 to $206.00 and gave the company an “overweight” rating in a research note on Tuesday. Mizuho upped their price target on shares of Chevron from $195.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Finally, UBS Group upped their price target on shares of Chevron from $185.00 to $197.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Chevron currently has a consensus rating of “Moderate Buy” and a consensus price target of $185.35.

Chevron Trading Down 1.1 %

CVX traded down $1.84 during trading on Wednesday, hitting $159.43. 3,125,210 shares of the stock traded hands, compared to its average volume of 8,386,885. The firm has a market capitalization of $296.10 billion, a P/E ratio of 14.69, a price-to-earnings-growth ratio of 2.43 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.27 and a quick ratio of 1.01. The firm has a 50-day moving average of $156.96 and a 200 day moving average of $151.68. Chevron Co. has a 12-month low of $139.62 and a 12-month high of $171.70.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.09. The business had revenue of $48.72 billion during the quarter, compared to analysts’ expectations of $48.42 billion. Chevron had a net margin of 10.21% and a return on equity of 14.38%. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.55 EPS. Equities research analysts anticipate that Chevron Co. will post 13.71 EPS for the current year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be given a $1.63 dividend. The ex-dividend date is Thursday, May 16th. This represents a $6.52 annualized dividend and a dividend yield of 4.09%. Chevron’s dividend payout ratio is 59.98%.

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.