Aletheian Wealth Advisors LLC Has $785,000 Position in Chevron Co. (NYSE:CVX)

Aletheian Wealth Advisors LLC lifted its holdings in shares of Chevron Co. (NYSE:CVX) by 9.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,976 shares of the oil and gas company’s stock after purchasing an additional 434 shares during the quarter. Aletheian Wealth Advisors LLC’s holdings in Chevron were worth $785,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. GoalVest Advisory LLC raised its position in shares of Chevron by 23.6% during the first quarter. GoalVest Advisory LLC now owns 7,331 shares of the oil and gas company’s stock worth $1,156,000 after purchasing an additional 1,402 shares during the period. Sovereign Financial Group Inc. grew its holdings in shares of Chevron by 4.0% during the first quarter. Sovereign Financial Group Inc. now owns 3,303 shares of the oil and gas company’s stock worth $521,000 after buying an additional 127 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Chevron during the first quarter worth about $189,000. AHL Investment Management Inc. grew its holdings in shares of Chevron by 6.3% during the first quarter. AHL Investment Management Inc. now owns 14,807 shares of the oil and gas company’s stock worth $2,336,000 after buying an additional 878 shares in the last quarter. Finally, Whitcomb & Hess Inc. bought a new position in shares of Chevron during the first quarter worth about $205,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insider Buying and Selling

In other Chevron news, VP Jeff B. Gustavson sold 3,750 shares of Chevron stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $160.23, for a total value of $600,862.50. Following the completion of the transaction, the vice president now directly owns 477 shares of the company’s stock, valued at approximately $76,429.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Chevron news, Director Enrique Hernandez, Jr. sold 2,549 shares of Chevron stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $161.00, for a total value of $410,389.00. Following the completion of the transaction, the director now directly owns 7,647 shares of the company’s stock, valued at approximately $1,231,167. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jeff B. Gustavson sold 3,750 shares of Chevron stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $160.23, for a total value of $600,862.50. Following the completion of the transaction, the vice president now directly owns 477 shares of the company’s stock, valued at $76,429.71. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,546 shares of company stock valued at $3,176,223. Insiders own 0.20% of the company’s stock.

Chevron Stock Performance

NYSE:CVX opened at $156.00 on Thursday. The stock has a market cap of $287.50 billion, a P/E ratio of 14.35, a PEG ratio of 2.41 and a beta of 1.12. The stock has a 50 day simple moving average of $159.33 and a 200 day simple moving average of $154.51. 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 Co. has a 1-year low of $139.62 and a 1-year high of $171.70.

Chevron (NYSE:CVX) last released its quarterly 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. The business had revenue of $48.72 billion during the quarter, compared to analysts’ expectations of $48.42 billion. Chevron had a return on equity of 14.40% and a net margin of 10.21%. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period last year, the firm posted $3.55 EPS. Research analysts anticipate that Chevron Co. will post 13.15 earnings per share for the current year.

Chevron Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were issued a dividend of $1.63 per share. The ex-dividend date was Thursday, May 16th. This represents a $6.52 annualized dividend and a yield of 4.18%. Chevron’s payout ratio is currently 59.98%.

Analyst Upgrades and Downgrades

CVX has been the subject of a number of research reports. Truist Financial increased their price objective on Chevron from $156.00 to $166.00 and gave the stock a “hold” rating in a report on Friday, May 10th. The Goldman Sachs Group reiterated a “buy” rating on shares of Chevron in a report on Monday, April 1st. TD Cowen raised their price target on Chevron from $155.00 to $160.00 and gave the company a “hold” rating in a research note on Monday, April 29th. Raymond James raised their price target on Chevron from $170.00 to $174.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Finally, Barclays initiated coverage on Chevron in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $203.00 price target for the company. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Chevron currently has an average rating of “Moderate Buy” and an average price target of $186.95.

About Chevron

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.