Guyasuta Investment Advisors Inc. Grows Position in Chevron Corporation $CVX

Guyasuta Investment Advisors Inc. lifted its holdings in Chevron Corporation (NYSE:CVX) by 1.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 262,452 shares of the oil and gas company’s stock after buying an additional 3,853 shares during the period. Chevron makes up 2.3% of Guyasuta Investment Advisors Inc.’s holdings, making the stock its 12th biggest position. Guyasuta Investment Advisors Inc.’s holdings in Chevron were worth $40,756,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Wealth Management Associates Inc. raised its holdings in Chevron by 7.5% in the 3rd quarter. Wealth Management Associates Inc. now owns 7,880 shares of the oil and gas company’s stock valued at $1,224,000 after acquiring an additional 547 shares during the last quarter. Financial Consulate Inc. acquired a new position in shares of Chevron during the 3rd quarter worth approximately $573,000. Salomon & Ludwin LLC grew its position in shares of Chevron by 23.8% in the third quarter. Salomon & Ludwin LLC now owns 3,579 shares of the oil and gas company’s stock valued at $550,000 after purchasing an additional 687 shares in the last quarter. Pine Haven Investment Counsel Inc acquired a new stake in shares of Chevron in the third quarter valued at approximately $201,000. Finally, West Branch Capital LLC lifted its position in Chevron by 6.9% during the third quarter. West Branch Capital LLC now owns 15,177 shares of the oil and gas company’s stock worth $2,357,000 after buying an additional 982 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Chevron

In related news, Director John B. Hess sold 275,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $150.75, for a total value of $41,456,250.00. Following the sale, the director owned 1,128,045 shares of the company’s stock, valued at $170,052,783.75. This trade represents a 19.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

CVX has been the subject of several analyst reports. Raymond James Financial restated an “outperform” rating and issued a $160.00 target price (down from $170.00) on shares of Chevron in a report on Friday, October 17th. HSBC set a $169.00 price target on shares of Chevron and gave the company a “buy” rating in a research report on Monday, December 1st. Wells Fargo & Company upped their price objective on shares of Chevron from $190.00 to $196.00 and gave the company an “overweight” rating in a report on Friday, November 14th. Barclays reduced their target price on shares of Chevron from $160.00 to $158.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 7th. Finally, Wall Street Zen upgraded shares of Chevron from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Chevron has an average rating of “Hold” and an average price target of $166.00.

Chevron Stock Performance

NYSE:CVX opened at $152.44 on Friday. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $168.96. The company has a fifty day simple moving average of $151.87 and a two-hundred day simple moving average of $152.96. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.19. The company has a market cap of $306.94 billion, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 9.15 and a beta of 0.70.

Chevron (NYSE:CVX) last released its earnings results on Friday, October 31st. The oil and gas company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.14. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The firm had revenue of $48.17 billion during the quarter, compared to analyst estimates of $46.99 billion. During the same period last year, the business posted $2.48 earnings per share. Chevron’s revenue was down 1.9% compared to the same quarter last year. As a group, equities analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th were paid a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Tuesday, November 18th. Chevron’s dividend payout ratio is presently 96.20%.

Chevron Profile

Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.