Beacon Harbor Wealth Advisors Inc. Has $5.36 Million Stock Position in Chevron Co. (NYSE:CVX)

Beacon Harbor Wealth Advisors Inc. lifted its position in shares of Chevron Co. (NYSE:CVX) by 2.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 35,937 shares of the oil and gas company’s stock after purchasing an additional 974 shares during the quarter. Beacon Harbor Wealth Advisors Inc.’s holdings in Chevron were worth $5,360,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Los Angeles Capital Management LLC grew its holdings in shares of Chevron by 48.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 922,857 shares of the oil and gas company’s stock worth $137,653,000 after purchasing an additional 299,556 shares during the last quarter. Natixis Advisors L.P. grew its holdings in Chevron by 3.8% during the 4th quarter. Natixis Advisors L.P. now owns 1,277,947 shares of the oil and gas company’s stock worth $190,617,000 after acquiring an additional 47,050 shares during the last quarter. Commonwealth Equity Services LLC increased its position in Chevron by 8.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,321,532 shares of the oil and gas company’s stock valued at $197,120,000 after acquiring an additional 104,978 shares in the last quarter. Coombe Bender & Co LLC acquired a new stake in Chevron in the 4th quarter valued at about $170,000. Finally, National Mutual Insurance Federation of Agricultural Cooperatives raised its stake in shares of Chevron by 65.0% in the fourth quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 99,000 shares of the oil and gas company’s stock worth $14,767,000 after acquiring an additional 39,000 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CVX. Royal Bank of Canada raised their price target on shares of Chevron from $185.00 to $190.00 and gave the company an “outperform” rating in a report on Monday, February 5th. Wells Fargo & Company lifted their price objective on Chevron from $198.00 to $206.00 and gave the stock an “overweight” rating in a research report on Tuesday. Mizuho lifted their target price on shares of Chevron from $195.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Truist Financial decreased their price target on shares of Chevron from $168.00 to $156.00 and set a “hold” rating for the company in a research note on Friday, April 5th. Finally, Raymond James boosted their price target on shares of Chevron from $170.00 to $174.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $185.35.

Insider Transactions at Chevron

In other Chevron news, VP Alana K. Knowles sold 2,800 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $165.00, for a total value of $462,000.00. Following the sale, the vice president now directly owns 276 shares in the company, valued at approximately $45,540. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

Chevron Trading Up 1.0 %

Shares of NYSE:CVX traded up $1.63 during midday trading on Thursday, hitting $161.26. 5,110,830 shares of the stock were exchanged, compared to its average volume of 8,400,074. The business’s 50-day moving average price is $157.04 and its 200 day moving average price is $151.74. Chevron Co. has a 12 month low of $139.62 and a 12 month high of $171.70. 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 stock has a market capitalization of $299.50 billion, a price-to-earnings ratio of 14.77, a P/E/G ratio of 2.38 and a beta of 1.11.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.09. The firm had revenue of $48.72 billion during the quarter, compared to the consensus estimate of $48.42 billion. Chevron had a return on equity of 14.38% and a net margin of 10.21%. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.55 EPS. Analysts predict that Chevron Co. will post 13.53 earnings per share for the current year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $6.52 annualized dividend and a yield of 4.04%. Chevron’s payout ratio is 59.98%.

Chevron 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.