Good Life Advisors LLC Has $3.72 Million Holdings in Chevron Co. (NYSE:CVX)

Good Life Advisors LLC cut its holdings in Chevron Co. (NYSE:CVX) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,918 shares of the oil and gas company’s stock after selling 221 shares during the quarter. Good Life Advisors LLC’s holdings in Chevron were worth $3,717,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Picton Mahoney Asset Management bought a new stake in Chevron in the third quarter worth approximately $26,000. Valley Forge Investment Consultants Inc. ADV lifted its holdings in Chevron by 80.0% during the third quarter. Valley Forge Investment Consultants Inc. ADV now owns 180 shares of the oil and gas company’s stock worth $30,000 after acquiring an additional 80 shares during the period. Valued Wealth Advisors LLC bought a new stake in Chevron during the fourth quarter worth $33,000. DHJJ Financial Advisors Ltd. bought a new stake in shares of Chevron in the third quarter valued at $35,000. Finally, Worth Asset Management LLC bought a new stake in shares of Chevron in the first quarter valued at $36,000. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron Stock Performance

CVX traded up $1.39 on Thursday, reaching $157.74. The stock had a trading volume of 8,243,605 shares, compared to its average volume of 8,776,853. The company has a market cap of $292.97 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 2.38 and a beta of 1.12. Chevron Co. has a 12-month low of $139.62 and a 12-month high of $172.88. The business’s 50-day moving average price is $151.60 and its two-hundred day moving average price is $152.67. The company has a current ratio of 1.27, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.19 by $0.26. Chevron had a net margin of 10.63% and a return on equity of 15.24%. The firm had revenue of $47.18 billion during the quarter, compared to analysts’ expectations of $50.93 billion. During the same quarter in the prior year, the business earned $4.09 EPS. Chevron’s quarterly revenue was down 16.5% compared to the same quarter last year. Sell-side analysts forecast that Chevron Co. will post 13.04 earnings per share for the current year.

Chevron Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date was Thursday, February 15th. This is a positive change from Chevron’s previous quarterly dividend of $1.51. Chevron’s dividend payout ratio is currently 57.39%.

Wall Street Analyst Weigh In

CVX has been the subject of a number of research analyst reports. Jefferies Financial Group raised shares of Chevron from a “hold” rating to a “buy” rating and set a $184.00 price objective for the company in a report on Monday, January 8th. DZ Bank downgraded shares of Chevron from a “buy” rating to a “hold” rating and set a $160.00 price objective on the stock. in a research report on Tuesday, February 6th. Royal Bank of Canada raised their target price on shares of Chevron from $185.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. Mizuho raised their target price on shares of Chevron from $195.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Finally, Piper Sandler cut their price objective on shares of Chevron from $188.00 to $180.00 and set an “overweight” rating on the stock in a research report on Thursday, March 14th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $180.39.

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.