Moreno Evelyn V Lowers Stock Position in Chevron Co. (NYSE:CVX)

Moreno Evelyn V trimmed its stake in Chevron Co. (NYSE:CVX) by 66.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 10,189 shares of the oil and gas company’s stock after selling 20,499 shares during the period. Moreno Evelyn V’s holdings in Chevron were worth $1,520,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. WBI Investments LLC purchased a new stake in Chevron in the fourth quarter valued at approximately $1,473,000. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Chevron by 18.9% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,181 shares of the oil and gas company’s stock worth $325,000 after acquiring an additional 347 shares in the last quarter. Frazier Financial Advisors LLC purchased a new position in Chevron during the 4th quarter valued at about $121,000. Tidemark LLC acquired a new position in Chevron in the 4th quarter valued at about $285,000. Finally, Sand Hill Global Advisors LLC increased its stake in Chevron by 0.3% during the 4th quarter. Sand Hill Global Advisors LLC now owns 61,739 shares of the oil and gas company’s stock worth $9,209,000 after buying an additional 169 shares during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Stock Performance

Shares of CVX stock traded down $0.15 during mid-day trading on Thursday, hitting $157.42. The stock had a trading volume of 2,903,945 shares, compared to its average volume of 8,137,605. The firm has a market cap of $290.76 billion, a PE ratio of 14.47, a PEG ratio of 2.36 and a beta of 1.11. The company’s 50-day simple moving average is $160.15 and its 200-day simple moving average is $152.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.23 and a quick ratio of 0.93. Chevron Co. has a fifty-two week low of $139.62 and a fifty-two week high of $171.70.

Chevron (NYSE:CVX) last announced its earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.09. The firm had revenue of $48.72 billion during the quarter, compared to the consensus estimate of $48.42 billion. Chevron had a net margin of 10.21% and a return on equity of 14.40%. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.55 EPS. Sell-side analysts anticipate that Chevron Co. will post 13.57 earnings per share for the current year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend is Thursday, May 16th. Chevron’s dividend payout ratio (DPR) is 59.98%.

Insider Activity

In related news, VP Alana K. Knowles sold 2,800 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Chevron news, Director Enrique Hernandez, Jr. sold 2,549 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $165.24, for a total transaction of $421,196.76. Following the transaction, the director now owns 27,725 shares in the company, valued at $4,581,279. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Alana K. Knowles sold 2,800 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $45,540. The disclosure for this sale can be found here. Insiders sold a total of 15,796 shares of company stock valued at $2,575,361 in the last 90 days. 0.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CVX has been the topic of several recent research reports. Mizuho upped their price target on Chevron from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, May 13th. TD Cowen lifted their price target on Chevron from $155.00 to $160.00 and gave the stock a “hold” rating in a report on Monday, April 29th. Wells Fargo & Company increased their price objective on Chevron from $198.00 to $206.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. HSBC boosted their target price on Chevron from $175.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Finally, DZ Bank cut shares of Chevron from a “buy” rating to a “hold” rating and set a $160.00 price objective on the stock. in a report on Tuesday, February 6th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Chevron currently has an average rating of “Moderate Buy” and a consensus target price of $186.10.

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.