Chevron Corporation $CVX Shares Bought by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC grew its holdings in shares of Chevron Corporation (NYSE:CVX) by 18.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,103 shares of the oil and gas company’s stock after purchasing an additional 3,066 shares during the period. Aaron Wealth Advisors LLC’s holdings in Chevron were worth $3,064,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Barlow Wealth Partners LLC increased its holdings in shares of Chevron by 1.1% in the 4th quarter. Barlow Wealth Partners LLC now owns 5,363 shares of the oil and gas company’s stock worth $869,000 after acquiring an additional 60 shares during the period. TigerOak Management L.L.C. increased its holdings in shares of Chevron by 0.7% in the 4th quarter. TigerOak Management L.L.C. now owns 9,020 shares of the oil and gas company’s stock worth $1,375,000 after acquiring an additional 62 shares during the period. Vishria Bird Financial Group LLC increased its holdings in shares of Chevron by 1.2% in the 3rd quarter. Vishria Bird Financial Group LLC now owns 5,285 shares of the oil and gas company’s stock worth $821,000 after acquiring an additional 65 shares during the period. Nexus Investment Management ULC increased its holdings in shares of Chevron by 0.9% in 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 period. Finally, Scott & Selber Inc. increased its holdings in shares of 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 acquiring an additional 65 shares during the period. 72.42% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Chevron

In other news, CEO Michael K. Wirth sold 272,624 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $189.35, for a total transaction of $51,621,354.40. Following the completion of the transaction, the chief executive officer owned 31,266 shares in the company, valued at approximately $5,920,217.10. This trade represents a 89.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Eimear P. Bonner sold 32,100 shares of the firm’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $175.01, for a total transaction of $5,617,821.00. Following the transaction, the chief financial officer owned 4,366 shares of the company’s stock, valued at approximately $764,093.66. This trade represents a 88.03% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 782,607 shares of company stock worth $146,510,571. Company insiders own 0.21% of the company’s stock.

Chevron Stock Performance

Shares of CVX opened at $198.90 on Tuesday. The firm has a 50-day moving average price of $189.78 and a 200 day moving average price of $167.10. The firm has a market capitalization of $396.89 billion, a PE ratio of 29.87, a P/E/G ratio of 1.66 and a beta of 0.60. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21. Chevron Corporation has a 52-week low of $132.04 and a 52-week high of $214.71.

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

Chevron Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were given a dividend of $1.78 per share. This is a positive change from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date was Tuesday, February 17th. This represents a $7.12 annualized dividend and a dividend yield of 3.6%. Chevron’s payout ratio is 106.91%.

Analysts Set New Price Targets

A number of analysts recently weighed in on CVX shares. Argus set a $203.00 price objective on shares of Chevron in a report on Tuesday, February 3rd. Sanford C. Bernstein increased their target price on shares of Chevron from $170.00 to $172.00 and gave the company a “market perform” rating in a research report on Monday, January 5th. JPMorgan Chase & Co. upgraded shares of Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 target price for the company in a research report on Tuesday, January 20th. Freedom Capital lowered shares of Chevron from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. Finally, Citigroup increased their target price on shares of Chevron from $210.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. Fourteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $187.64.

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.