Stanley Laman Group Ltd. Sells 236 Shares of Chevron Co. (NYSE:CVX)

Stanley Laman Group Ltd. lowered its stake in shares of Chevron Co. (NYSE:CVX) by 0.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 25,160 shares of the oil and gas company’s stock after selling 236 shares during the period. Stanley Laman Group Ltd.’s holdings in Chevron were worth $3,753,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CVX. Picton Mahoney Asset Management purchased a new stake in Chevron during the 3rd quarter valued at $26,000. Valley Forge Investment Consultants Inc. ADV grew its position in Chevron by 80.0% during the third quarter. Valley Forge Investment Consultants Inc. ADV now owns 180 shares of the oil and gas company’s stock valued at $30,000 after buying an additional 80 shares during the period. Valued Wealth Advisors LLC purchased a new stake in Chevron during the fourth quarter valued at approximately $33,000. Legacy Financial Group LLC bought a new position in Chevron in the third quarter worth approximately $43,000. Finally, Roble Belko & Company Inc boosted its stake in shares of Chevron by 77.3% during the 4th quarter. Roble Belko & Company Inc now owns 344 shares of the oil and gas company’s stock worth $51,000 after acquiring an additional 150 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors.

Chevron Price Performance

Shares of CVX traded up $1.70 during mid-day trading on Thursday, hitting $165.27. 9,694,216 shares of the stock were exchanged, compared to its average volume of 8,464,199. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.27. The company has a market cap of $306.95 billion, a PE ratio of 14.55, a price-to-earnings-growth ratio of 2.40 and a beta of 1.12. Chevron Co. has a 52-week low of $139.62 and a 52-week high of $171.70. The firm has a 50-day moving average of $156.35 and a two-hundred day moving average of $151.84.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $3.45 EPS for the quarter, beating the consensus estimate of $3.19 by $0.26. Chevron had a net margin of 10.63% and a return on equity of 15.24%. The business had revenue of $47.18 billion during the quarter, compared to analyst estimates of $50.93 billion. During the same quarter last year, the business earned $4.09 earnings per share. Chevron’s quarterly revenue was down 16.5% compared to the same quarter last year. On average, equities analysts predict that Chevron Co. will post 13.58 earnings per share for the current year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 3.95%. This is a positive change from Chevron’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Thursday, February 15th. Chevron’s dividend payout ratio (DPR) is presently 57.39%.

Insider Transactions at Chevron

In related news, VP Alana K. Knowles sold 2,800 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $160.09, for a total transaction of $448,252.00. Following the sale, the vice president now owns 276 shares in the company, valued at approximately $44,184.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on CVX. Mizuho raised their target price on Chevron from $195.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Raymond James lifted their price objective on Chevron from $170.00 to $174.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. The Goldman Sachs Group reiterated a “buy” rating on shares of Chevron in a research note on Monday, April 1st. Royal Bank of Canada raised their target price on shares of Chevron from $185.00 to $190.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Finally, TD Cowen lowered shares of Chevron from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $170.00 to $150.00 in a research report on Tuesday, January 23rd. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $184.75.

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.