Nordwand Advisors LLC Buys 5,190 Shares of Chevron Corporation $CVX

Nordwand Advisors LLC increased its stake in Chevron Corporation (NYSE:CVX) by 10.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 56,702 shares of the oil and gas company’s stock after purchasing an additional 5,190 shares during the period. Chevron makes up 1.4% of Nordwand Advisors LLC’s holdings, making the stock its 20th largest position. Nordwand Advisors LLC’s holdings in Chevron were worth $8,805,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Berkshire Hathaway Inc raised its position in Chevron by 2.9% in the 2nd quarter. Berkshire Hathaway Inc now owns 122,064,792 shares of the oil and gas company’s stock valued at $17,478,458,000 after buying an additional 3,454,258 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Chevron by 4.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 34,772,753 shares of the oil and gas company’s stock worth $4,979,255,000 after acquiring an additional 1,342,723 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Chevron by 1.9% during the 2nd quarter. Fisher Asset Management LLC now owns 20,826,805 shares of the oil and gas company’s stock worth $2,982,190,000 after acquiring an additional 378,936 shares in the last quarter. Norges Bank acquired a new stake in shares of Chevron in the second quarter valued at approximately $2,721,477,000. Finally, Franklin Resources Inc. raised its holdings in shares of Chevron by 2.1% in the second quarter. Franklin Resources Inc. now owns 17,764,589 shares of the oil and gas company’s stock valued at $2,543,712,000 after purchasing an additional 370,287 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Wells Fargo & Company increased their target price on shares of Chevron from $190.00 to $196.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. UBS Group restated a “buy” rating on shares of Chevron in a research note on Monday, December 1st. Piper Sandler decreased their price objective on Chevron from $178.00 to $174.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Jefferies Financial Group lifted their target price on Chevron from $174.00 to $189.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Finally, Zacks Research upgraded Chevron from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 23rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $168.27.

Chevron Stock Up 0.1%

Shares of CVX stock opened at $166.27 on Tuesday. Chevron Corporation has a 52-week low of $132.04 and a 52-week high of $169.37. The stock has a market cap of $334.79 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 10.29 and a beta of 0.70. The firm’s 50-day moving average is $153.67 and its 200-day moving average is $154.39. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.14. The business had revenue of $48.17 billion during the quarter, compared to analysts’ expectations of $46.99 billion. Chevron had a return on equity of 8.74% and a net margin of 6.57%.Chevron’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the company posted $2.48 earnings per share. Sell-side analysts predict that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th were issued a dividend of $1.71 per share. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.1%. Chevron’s payout ratio is presently 96.20%.

Insiders Place Their Bets

In other Chevron news, insider Alana K. Knowles sold 3,200 shares of the firm’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $168.00, for a total transaction of $537,600.00. Following the completion of the sale, the insider owned 1,207 shares of the company’s stock, valued at $202,776. This trade represents a 72.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Eimear P. Bonner sold 28,334 shares of Chevron stock in a transaction on Monday, January 5th. The stock was sold at an average price of $165.05, for a total transaction of $4,676,526.70. Following the transaction, the chief financial officer directly owned 4,366 shares of the company’s stock, valued at approximately $720,608.30. This trade represents a 86.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 635,190 shares of company stock worth $100,254,408 in the last quarter. Insiders own 0.20% of the company’s stock.

About Chevron

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.