Chevron Co. (NYSE:CVX) Shares Sold by Total Wealth Planning LLC

Total Wealth Planning LLC decreased its position in Chevron Co. (NYSE:CVX) by 2.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,126 shares of the oil and gas company’s stock after selling 120 shares during the quarter. Total Wealth Planning LLC’s holdings in Chevron were worth $809,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Alps Advisors Inc. purchased a new stake in Chevron in the 3rd quarter valued at about $347,000. Seven Eight Capital LP purchased a new stake in Chevron in the 3rd quarter valued at about $1,826,000. Sei Investments Co. grew its holdings in Chevron by 15.0% in the 3rd quarter. Sei Investments Co. now owns 456,108 shares of the oil and gas company’s stock valued at $76,907,000 after buying an additional 59,406 shares during the period. Schroder Investment Management Group grew its holdings in Chevron by 1.0% in the 3rd quarter. Schroder Investment Management Group now owns 849,765 shares of the oil and gas company’s stock valued at $143,287,000 after buying an additional 8,298 shares during the period. Finally, RWWM Inc. grew its holdings in Chevron by 2.3% in the 3rd quarter. RWWM Inc. now owns 3,987 shares of the oil and gas company’s stock valued at $672,000 after buying an additional 89 shares during the period. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insider Activity at Chevron

In related news, VP Jeff B. Gustavson sold 3,750 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $160.23, for a total transaction of $600,862.50. Following the sale, the vice president now directly owns 477 shares of the company’s stock, valued at approximately $76,429.71. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Chevron news, VP Jeff B. Gustavson sold 3,750 shares of the 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 sale, the vice president now directly owns 477 shares of the company’s stock, valued at $76,429.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Alana K. Knowles sold 2,800 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $165.00, for a total value of $462,000.00. Following the completion of the sale, the vice president now directly owns 276 shares in the company, valued at $45,540. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,746 shares of company stock valued at $2,727,971. Corporate insiders own 0.20% of the company’s stock.

Chevron Stock Performance

Shares of CVX opened at $156.75 on Thursday. The business’s 50 day moving average is $158.99 and its two-hundred day moving average is $154.88. Chevron Co. has a 52-week low of $139.62 and a 52-week high of $171.70. The firm has a market cap of $288.89 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 2.38 and a beta of 1.10. The company has a quick ratio of 0.93, a current ratio of 1.23 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX) last announced its earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.09. The company had revenue of $48.72 billion for the quarter, compared to analyst estimates of $48.42 billion. Chevron had a return on equity of 14.40% and a net margin of 10.21%. Chevron’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $3.55 EPS. Analysts forecast that Chevron Co. will post 13.15 EPS for the current fiscal year.

Chevron Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend was Thursday, May 16th. Chevron’s dividend payout ratio is currently 59.98%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. UBS Group boosted their target price on Chevron from $185.00 to $197.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Scotiabank upgraded Chevron from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $170.00 to $195.00 in a report on Thursday, April 11th. Truist Financial boosted their target price on Chevron from $156.00 to $166.00 and gave the stock a “hold” rating in a report on Friday, May 10th. Mizuho boosted their target price on Chevron from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Chevron in a report on Monday, April 1st. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $186.95.

Chevron 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.