Yarger Wealth Strategies LLC Has $266,000 Position in Chevron Co. (NYSE:CVX)

Yarger Wealth Strategies LLC lifted its holdings in Chevron Co. (NYSE:CVX) by 22.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,782 shares of the oil and gas company’s stock after buying an additional 325 shares during the period. Yarger Wealth Strategies LLC’s holdings in Chevron were worth $266,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CVX. Evanson Asset Management LLC raised its holdings in shares of Chevron by 1.4% during the fourth quarter. Evanson Asset Management LLC now owns 17,480 shares of the oil and gas company’s stock worth $2,607,000 after acquiring an additional 244 shares in the last quarter. Everett Harris & Co. CA raised its stake in shares of Chevron by 5.5% during the 4th quarter. Everett Harris & Co. CA now owns 581,069 shares of the oil and gas company’s stock worth $86,672,000 after purchasing an additional 30,212 shares in the last quarter. Accel Wealth Management lifted its holdings in shares of Chevron by 5.9% during the 4th quarter. Accel Wealth Management now owns 6,288 shares of the oil and gas company’s stock valued at $938,000 after buying an additional 349 shares during the last quarter. Trueblood Wealth Management LLC acquired a new stake in Chevron in the fourth quarter valued at approximately $2,577,000. Finally, FLC Capital Advisors grew its position in Chevron by 101.5% in the fourth quarter. FLC Capital Advisors now owns 47,077 shares of the oil and gas company’s stock worth $7,022,000 after acquiring an additional 23,714 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on CVX shares. Jefferies Financial Group upgraded Chevron from a “hold” rating to a “buy” rating and set a $184.00 target price on the stock in a report on Monday, January 8th. Royal Bank of Canada boosted their target price on Chevron from $185.00 to $190.00 and gave the stock an “outperform” rating in a report on Monday, February 5th. TD Cowen downgraded Chevron from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $170.00 to $150.00 in a report on Tuesday, January 23rd. Scotiabank lowered shares of Chevron from a “sector outperform” rating to a “sector perform” rating and set a $170.00 price target on the stock. in a research report on Tuesday, January 16th. Finally, DZ Bank downgraded shares of Chevron from a “buy” rating to a “hold” rating and set a $160.00 price objective for the company. in a report on Tuesday, February 6th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.39.

Chevron Price Performance

Shares of CVX traded up $1.39 during trading hours on Thursday, hitting $157.74. The stock had a trading volume of 8,232,104 shares, compared to its average volume of 8,778,653. The stock has a market capitalization of $292.97 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 2.38 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.27 and a quick ratio of 1.01. The company’s fifty day moving average is $151.60 and its two-hundred day moving average is $152.67. Chevron Co. has a 52 week low of $139.62 and a 52 week high of $172.88.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.26. The company had revenue of $47.18 billion during the quarter, compared to analyst estimates of $50.93 billion. Chevron had a net margin of 10.63% and a return on equity of 15.24%. The company’s revenue was down 16.5% on a year-over-year basis. During the same quarter last year, the business posted $4.09 earnings per share. On average, analysts anticipate that Chevron Co. will post 13.04 EPS for the current year.

Chevron Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were issued a $1.63 dividend. This is a boost from Chevron’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $6.52 annualized dividend and a yield of 4.13%. Chevron’s dividend payout ratio (DPR) is currently 57.39%.

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.