Chevron Co. (NYSE:CVX) Shares Sold by Prairie Wealth Advisors Inc.

Prairie Wealth Advisors Inc. lessened its stake in shares of Chevron Co. (NYSE:CVX) by 9.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,277 shares of the oil and gas company’s stock after selling 430 shares during the period. Prairie Wealth Advisors Inc.’s holdings in Chevron were worth $620,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of CVX. Legacy Investment Solutions LLC purchased a new stake in shares of Chevron in the third quarter valued at $29,000. Rational Advisors LLC bought a new stake in Chevron in the third quarter worth approximately $29,000. Darwin Wealth Management LLC bought a new stake in Chevron in the third quarter worth $30,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Chevron during the 3rd quarter valued at about $31,000. Finally, New Wave Wealth Advisors LLC acquired a new position in Chevron during the fourth quarter valued at approximately $39,000. 72.42% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Chevron

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of Chevron stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $160.13, for a total value of $26,357,398.00. Following the sale, the chief executive officer now directly owns 4,280 shares in the company, valued at approximately $685,356.40. The trade was a 97.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is owned by insiders.

Chevron Price Performance

Shares of CVX opened at $151.86 on Friday. The stock has a market cap of $272.90 billion, a P/E ratio of 15.62, a price-to-earnings-growth ratio of 1.29 and a beta of 1.11. The stock’s 50-day moving average price is $152.60 and its two-hundred day moving average price is $150.90. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. Chevron Co. has a 1 year low of $135.37 and a 1 year high of $167.11.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.42 by ($0.36). Chevron had a return on equity of 11.44% and a net margin of 8.71%. During the same period last year, the company posted $3.45 EPS. On average, equities analysts predict that Chevron Co. will post 11.45 earnings per share for the current year.

Chevron Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be paid a $1.71 dividend. The ex-dividend date is Friday, February 14th. This is a positive change from Chevron’s previous quarterly dividend of $1.63. This represents a $6.84 dividend on an annualized basis and a yield of 4.50%. Chevron’s dividend payout ratio is presently 67.08%.

Analyst Ratings Changes

CVX has been the topic of a number of recent analyst reports. Scotiabank dropped their price objective on Chevron from $180.00 to $163.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Citigroup upgraded shares of Chevron from a “neutral” rating to a “buy” rating and increased their price objective for the company from $145.00 to $185.00 in a research note on Tuesday, November 26th. DZ Bank upgraded Chevron from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a research report on Tuesday, November 5th. Barclays dropped their price objective on shares of Chevron from $174.00 to $171.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Piper Sandler cut their price target on Chevron from $184.00 to $173.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Chevron currently has a consensus rating of “Moderate Buy” and an average price target of $174.13.

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.