Chevron Co. (NYSE:CVX) Shares Sold by Team Hewins LLC

Team Hewins LLC reduced its position in Chevron Co. (NYSE:CVX) by 3.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,852 shares of the oil and gas company’s stock after selling 279 shares during the quarter. Team Hewins LLC’s holdings in Chevron were worth $1,239,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. American Capital Advisory LLC increased its position in shares of Chevron by 403.2% during the 1st quarter. American Capital Advisory LLC now owns 156 shares of the oil and gas company’s stock worth $25,000 after purchasing an additional 125 shares during the last quarter. Bare Financial Services Inc acquired a new position in shares of Chevron during the fourth quarter worth about $27,000. Frank Rimerman Advisors LLC purchased a new stake in Chevron during the fourth quarter worth approximately $30,000. Valued Wealth Advisors LLC purchased a new stake in Chevron during the fourth quarter worth approximately $33,000. Finally, Cooksen Wealth LLC purchased a new stake in Chevron during the fourth quarter worth approximately $40,000. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron Price Performance

Shares of NYSE:CVX traded up $0.31 on Thursday, hitting $155.44. The company had a trading volume of 5,221,508 shares, compared to its average volume of 7,919,359. The company has a current ratio of 1.23, a quick ratio of 0.93 and a debt-to-equity ratio of 0.13. Chevron Co. has a 52-week low of $139.62 and a 52-week high of $171.70. The business has a 50 day moving average of $157.96 and a 200 day moving average of $155.03. The company has a market cap of $286.47 billion, a PE ratio of 14.34, a PEG ratio of 2.34 and a beta of 1.10.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.09. Chevron had a return on equity of 14.40% and a net margin of 10.21%. The business had revenue of $48.72 billion for the quarter, compared to the consensus estimate of $48.42 billion. During the same period in the prior year, the business earned $3.55 earnings per share. The business’s revenue was down 4.1% on a year-over-year basis. As a group, equities analysts anticipate that Chevron Co. will post 13.18 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were given a dividend of $1.63 per share. The ex-dividend date was Thursday, May 16th. This represents a $6.52 annualized dividend and a yield of 4.19%. Chevron’s dividend payout ratio (DPR) is presently 59.98%.

Insider Buying and Selling

In other news, Director Enrique Hernandez, Jr. sold 2,549 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $165.24, for a total value of $421,196.76. Following the transaction, the director now directly owns 27,725 shares in the company, valued at approximately $4,581,279. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Enrique Hernandez, Jr. sold 5,098 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $163.50, for a total value of $833,523.00. Following the completion of the sale, the director now owns 2,549 shares in the company, valued at $416,761.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Enrique Hernandez, Jr. sold 2,549 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $165.24, for a total value of $421,196.76. Following the completion of the sale, the director now owns 27,725 shares of the company’s stock, valued at approximately $4,581,279. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,746 shares of company stock worth $2,727,971. 0.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on CVX. Wells Fargo & Company boosted their target price on Chevron from $198.00 to $206.00 and gave the stock an “overweight” rating in a research note 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. Barclays started coverage on Chevron in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $203.00 price objective for the company. Piper Sandler boosted their price objective on Chevron from $180.00 to $204.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Chevron in a research note on Monday, April 1st. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Chevron currently has an average rating of “Moderate Buy” and a consensus target price of $186.95.

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.