BOK Financial Private Wealth Inc. Sells 1,020 Shares of Chevron Co. (NYSE:CVX)

BOK Financial Private Wealth Inc. decreased its position in shares of Chevron Co. (NYSE:CVX) by 16.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,053 shares of the oil and gas company’s stock after selling 1,020 shares during the period. BOK Financial Private Wealth Inc.’s holdings in Chevron were worth $732,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Argentarii LLC acquired a new stake in shares of Chevron during the fourth quarter valued at about $384,000. Kendall Capital Management grew its holdings in Chevron by 18.5% during the fourth quarter. Kendall Capital Management now owns 2,118 shares of the oil and gas company’s stock worth $307,000 after buying an additional 330 shares in the last quarter. Coordinated Financial Services Inc. purchased a new position in Chevron in the fourth quarter worth $344,000. Axis Wealth Partners LLC purchased a new position in shares of Chevron during the 4th quarter valued at $257,000. Finally, United Community Bank raised its stake in shares of Chevron by 2.2% during the 4th quarter. United Community Bank now owns 23,071 shares of the oil and gas company’s stock valued at $3,342,000 after purchasing an additional 505 shares during the period. Institutional investors own 72.42% of the company’s stock.

Insider Buying and Selling

In other Chevron news, VP Jeff B. Gustavson sold 9,325 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $152.50, for a total value of $1,422,062.50. Following the completion of the sale, the vice president now directly owns 1,057 shares of the company’s stock, valued at $161,192.50. The trade was a 89.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.

Chevron Trading Up 2.3 %

NYSE CVX opened at $156.48 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07. The company has a 50-day simple moving average of $154.08 and a 200-day simple moving average of $151.73. The firm has a market capitalization of $275.51 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 1.46 and a beta of 1.08. Chevron Co. has a one year low of $135.37 and a one year high of $167.11.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.36). Chevron had a return on equity of 11.44% and a net margin of 8.71%. During the same quarter last year, the business earned $3.45 earnings per share. On average, equities analysts forecast that Chevron Co. will post 10.79 earnings per share for the current year.

Chevron Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a $1.71 dividend. This is an increase from Chevron’s previous quarterly dividend of $1.63. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date is Friday, February 14th. Chevron’s payout ratio is presently 70.37%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CVX. Wells Fargo & Company reduced their price objective on Chevron from $188.00 to $184.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Chevron in a research report on Monday, February 3rd. Raymond James reduced their target price on Chevron from $180.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. Piper Sandler lowered their target price on Chevron from $184.00 to $173.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Finally, Barclays reduced their target price on Chevron from $174.00 to $171.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $174.13.

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.