Mason Investment Advisory Services Inc. Acquires 9,147 Shares of Chevron Corporation $CVX

Mason Investment Advisory Services Inc. boosted its holdings in Chevron Corporation (NYSE:CVX) by 493.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 10,999 shares of the oil and gas company’s stock after acquiring an additional 9,147 shares during the period. Chevron comprises 0.1% of Mason Investment Advisory Services Inc.’s holdings, making the stock its 20th biggest position. Mason Investment Advisory Services Inc.’s holdings in Chevron were worth $1,708,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Vishria Bird Financial Group LLC increased its holdings in shares of Chevron by 1.2% during the third quarter. Vishria Bird Financial Group LLC now owns 5,285 shares of the oil and gas company’s stock worth $821,000 after buying an additional 65 shares in the last quarter. Nexus Investment Management ULC grew its position in Chevron by 0.9% during the 3rd quarter. Nexus Investment Management ULC now owns 7,641 shares of the oil and gas company’s stock worth $1,187,000 after acquiring an additional 65 shares during the last quarter. Scott & Selber Inc. increased its holdings in Chevron by 0.5% in the 3rd quarter. Scott & Selber Inc. now owns 13,391 shares of the oil and gas company’s stock worth $2,079,000 after purchasing an additional 65 shares in the last quarter. White Knight Strategic Wealth Advisors LLC raised its position in Chevron by 3.0% in the second quarter. White Knight Strategic Wealth Advisors LLC now owns 2,230 shares of the oil and gas company’s stock valued at $319,000 after purchasing an additional 65 shares during the last quarter. Finally, William B. Walkup & Associates Inc. raised its position in Chevron by 1.0% in the third quarter. William B. Walkup & Associates Inc. now owns 6,356 shares of the oil and gas company’s stock valued at $987,000 after purchasing an additional 66 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CVX shares. Sanford C. Bernstein upped their price objective on Chevron from $170.00 to $172.00 and gave the company a “market perform” rating in a research note on Monday, January 5th. Piper Sandler reduced their target price on shares of Chevron from $178.00 to $174.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Argus set a $203.00 price target on shares of Chevron in a research note on Tuesday, February 3rd. UBS Group reiterated a “buy” rating and set a $212.00 price target on shares of Chevron in a report on Monday, February 2nd. Finally, Zacks Research upgraded Chevron from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 23rd. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $176.36.

Insider Activity at Chevron

In related news, Vice Chairman Mark A. Nelson sold 45,800 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $174.17, for a total transaction of $7,976,986.00. Following the completion of the sale, the insider owned 7,161 shares of the company’s stock, valued at $1,247,231.37. This trade represents a 86.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Andrew Benjamin Walz sold 1,463 shares of Chevron stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $183.83, for a total value of $268,943.29. The SEC filing for this sale provides additional information. Insiders have sold 534,898 shares of company stock worth $89,543,711 over the last quarter. 0.21% of the stock is owned by company insiders.

Chevron Stock Down 0.1%

Shares of NYSE CVX opened at $184.07 on Friday. The company’s 50 day moving average price is $168.75 and its 200-day moving average price is $159.34. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15. Chevron Corporation has a 52-week low of $132.04 and a 52-week high of $187.90. The company has a market capitalization of $367.29 billion, a P/E ratio of 27.64, a price-to-earnings-growth ratio of 12.19 and a beta of 0.70.

Chevron (NYSE:CVX) last announced its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. The business had revenue of $45.79 billion during the quarter, compared to the consensus estimate of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. Chevron’s quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.06 earnings per share. Equities analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be paid a $1.78 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.9%. This is a positive change from Chevron’s previous quarterly dividend of $1.71. Chevron’s dividend payout ratio (DPR) is presently 106.91%.

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.