Householder Group Estate & Retirement Specialist LLC Has $81,000 Holdings in Chevron Co. (NYSE:CVX)

Householder Group Estate & Retirement Specialist LLC cut its stake in Chevron Co. (NYSE:CVX) by 87.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 563 shares of the oil and gas company’s stock after selling 4,098 shares during the quarter. Householder Group Estate & Retirement Specialist LLC’s holdings in Chevron were worth $81,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CVX. Sei Investments Co. raised its holdings in shares of Chevron by 8.5% in the 2nd quarter. Sei Investments Co. now owns 659,273 shares of the oil and gas company’s stock worth $103,121,000 after buying an additional 51,564 shares in the last quarter. Garden State Investment Advisory Services LLC grew its position in Chevron by 10.0% during the 2nd quarter. Garden State Investment Advisory Services LLC now owns 2,319 shares of the oil and gas company’s stock worth $364,000 after acquiring an additional 210 shares during the last quarter. Sound Shore Management Inc. CT grew its position in Chevron by 18.5% during the 2nd quarter. Sound Shore Management Inc. CT now owns 85,155 shares of the oil and gas company’s stock worth $13,320,000 after acquiring an additional 13,315 shares during the last quarter. Summit Trail Advisors LLC grew its position in Chevron by 29.3% during the 2nd quarter. Summit Trail Advisors LLC now owns 42,370 shares of the oil and gas company’s stock worth $6,628,000 after acquiring an additional 9,600 shares during the last quarter. Finally, Arista Wealth Management LLC bought a new stake in Chevron during the 2nd quarter worth approximately $221,000. 72.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on CVX. UBS Group increased their price target on Chevron from $194.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Wells Fargo & Company increased their price target on Chevron from $171.00 to $188.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Barclays increased their price target on Chevron from $168.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. DZ Bank upgraded Chevron from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a research report on Tuesday, November 5th. Finally, Citigroup upgraded Chevron from a “neutral” rating to a “buy” rating and increased their price target for the stock from $145.00 to $185.00 in a research report on Tuesday, November 26th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Chevron currently has an average rating of “Moderate Buy” and a consensus target price of $175.27.

Insider Buying and Selling

In related news, CEO Michael K. Wirth sold 164,600 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $160.13, for a total transaction of $26,357,398.00. Following the sale, the chief executive officer now owns 4,280 shares of the company’s stock, valued at approximately $685,356.40. This trade represents a 97.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by company insiders.

Chevron Stock Up 1.4 %

NYSE:CVX opened at $161.54 on Friday. Chevron Co. has a 12-month low of $135.37 and a 12-month high of $167.11. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $290.30 billion, a P/E ratio of 17.75, a P/E/G ratio of 2.62 and a beta of 1.12. The stock’s fifty day simple moving average is $153.93 and its 200-day simple moving average is $151.09.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.04. Chevron had a return on equity of 13.15% and a net margin of 8.44%. The business had revenue of $50.67 billion for the quarter, compared to analyst estimates of $48.86 billion. During the same period last year, the company earned $3.05 EPS. The firm’s revenue was down 6.3% on a year-over-year basis. Equities research analysts expect that Chevron Co. will post 10.39 earnings per share for the current year.

Chevron Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend was Monday, November 18th. Chevron’s payout ratio is presently 71.65%.

About Chevron

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.