Moseley Investment Management Inc. Decreases Stake in Chevron Co. (NYSE:CVX)

Moseley Investment Management Inc. lessened its position in shares of Chevron Co. (NYSE:CVX) by 4.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,654 shares of the oil and gas company’s stock after selling 534 shares during the quarter. Moseley Investment Management Inc.’s holdings in Chevron were worth $1,681,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CVX. Bare Financial Services Inc bought a new stake in Chevron in the 4th quarter worth approximately $27,000. Frank Rimerman Advisors LLC bought a new stake in Chevron in the 4th quarter worth approximately $30,000. Valued Wealth Advisors LLC bought a new stake in Chevron in the 4th quarter worth approximately $33,000. Cooksen Wealth LLC bought a new stake in Chevron in the 4th quarter worth approximately $40,000. Finally, Clear Investment Research LLC increased its position in shares of Chevron by 264.9% during the 4th quarter. Clear Investment Research LLC now owns 281 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 204 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

Chevron Price Performance

Shares of CVX stock opened at $153.33 on Thursday. Chevron Co. has a twelve month low of $139.62 and a twelve month high of $171.70. The stock has a market capitalization of $282.58 billion, a price-to-earnings ratio of 14.11, a P/E/G ratio of 2.28 and a beta of 1.12. The stock has a fifty day simple moving average of $159.43 and a two-hundred day simple moving average of $154.04. The company has a current ratio of 1.23, a quick ratio of 0.93 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX) last issued its earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.09. Chevron had a return on equity of 14.40% and a net margin of 10.21%. The business had revenue of $48.72 billion during the quarter, compared to analysts’ expectations of $48.42 billion. During the same period in the prior year, the business earned $3.55 EPS. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. On average, analysts predict that Chevron Co. will post 13.45 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date was Thursday, May 16th. Chevron’s payout ratio is currently 59.98%.

Insider Buying and Selling at Chevron

In other news, Director Enrique Hernandez, Jr. sold 2,549 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $165.24, for a total value of $421,196.76. Following the sale, the director now directly owns 27,725 shares in the company, valued at approximately $4,581,279. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Enrique Hernandez, Jr. sold 2,549 shares of Chevron stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $165.24, for a total value of $421,196.76. Following the transaction, the director now owns 27,725 shares of the company’s stock, valued at approximately $4,581,279. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Alana K. Knowles sold 2,800 shares of Chevron stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $160.09, for a total transaction of $448,252.00. Following the completion of the transaction, the vice president now directly owns 276 shares in the company, valued at approximately $44,184.84. The disclosure for this sale can be found here. Insiders have sold 19,546 shares of company stock worth $3,176,223 over the last quarter. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CVX shares. The Goldman Sachs Group reissued a “buy” rating on shares of Chevron in a research report on Monday, April 1st. Raymond James boosted their target price on Chevron from $170.00 to $174.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. TD Cowen boosted their target price on Chevron from $155.00 to $160.00 and gave the company a “hold” rating in a research report on Monday, April 29th. HSBC boosted their target price on Chevron from $175.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Finally, Scotiabank raised Chevron from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $170.00 to $195.00 in a research report on Thursday, April 11th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $186.95.

Chevron Company 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.