Next Level Private LLC Sells 633 Shares of Chevron Co. (NYSE:CVX)

Next Level Private LLC decreased its holdings in shares of Chevron Co. (NYSE:CVX) by 9.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,011 shares of the oil and gas company’s stock after selling 633 shares during the period. Next Level Private LLC’s holdings in Chevron were worth $871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. MBE Wealth Management LLC purchased a new stake in Chevron in the 4th quarter worth approximately $235,000. VCI Wealth Management LLC increased its stake in shares of Chevron by 2.9% in the fourth quarter. VCI Wealth Management LLC now owns 11,672 shares of the oil and gas company’s stock worth $1,691,000 after purchasing an additional 330 shares in the last quarter. Curbstone Financial Management Corp raised its position in shares of Chevron by 2.5% during the 4th quarter. Curbstone Financial Management Corp now owns 13,944 shares of the oil and gas company’s stock valued at $2,020,000 after purchasing an additional 340 shares during the period. YHB Investment Advisors Inc. lifted its stake in shares of Chevron by 1.5% during the 4th quarter. YHB Investment Advisors Inc. now owns 31,815 shares of the oil and gas company’s stock valued at $4,608,000 after buying an additional 470 shares in the last quarter. Finally, Northwest Financial Advisors boosted its holdings in Chevron by 8.4% in the 4th quarter. Northwest Financial Advisors now owns 1,729 shares of the oil and gas company’s stock worth $250,000 after buying an additional 134 shares during the period. Institutional investors own 72.42% of the company’s stock.

Chevron Trading Down 0.6 %

Shares of NYSE CVX opened at $156.24 on Wednesday. The stock has a market capitalization of $280.78 billion, a P/E ratio of 17.17, a PEG ratio of 1.37 and a beta of 1.12. Chevron Co. has a 1-year low of $135.37 and a 1-year high of $167.11. The business’s 50 day moving average is $153.74 and its two-hundred day moving average is $151.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80.

Chevron (NYSE:CVX) last released its earnings results on Friday, November 1st. The oil and gas company reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.04. The firm had revenue of $50.67 billion for the quarter, compared to the consensus estimate of $48.86 billion. Chevron had a return on equity of 13.15% and a net margin of 8.44%. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.05 EPS. As a group, research analysts expect that Chevron Co. will post 10.18 EPS for the current year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were issued a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.17%. Chevron’s dividend payout ratio (DPR) is presently 71.65%.

Insider Buying and Selling

In related news, CEO Michael K. Wirth sold 164,600 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $160.13, for a total value of $26,357,398.00. Following the sale, the chief executive officer now directly owns 4,280 shares of the company’s stock, valued at $685,356.40. This represents a 97.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CVX shares. Royal Bank of Canada raised their price target on Chevron from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Bank of America started coverage on Chevron in a report on Thursday, October 17th. They issued a “buy” rating and a $168.00 price target on the stock. Scotiabank cut their price objective on shares of Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. DZ Bank raised shares of Chevron from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a report on Tuesday, November 5th. Finally, Citigroup raised shares of Chevron from a “neutral” rating to a “buy” rating and raised their target price for the company from $145.00 to $185.00 in a research note on Tuesday, November 26th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $175.27.

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.