Montis Financial LLC Sells 110 Shares of Chevron Co. (NYSE:CVX)

Montis Financial LLC lessened its holdings in Chevron Co. (NYSE:CVX) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,697 shares of the oil and gas company’s stock after selling 110 shares during the quarter. Montis Financial LLC’s holdings in Chevron were worth $253,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CVX. Sweet Financial Partners LLC lifted its position in Chevron by 0.7% during the 3rd quarter. Sweet Financial Partners LLC now owns 8,761 shares of the oil and gas company’s stock valued at $1,477,000 after acquiring an additional 65 shares during the period. Strategic Investment Advisors MI increased its stake in shares of Chevron by 3.8% during the third quarter. Strategic Investment Advisors MI now owns 1,758 shares of the oil and gas company’s stock valued at $296,000 after purchasing an additional 65 shares in the last quarter. Regent Peak Wealth Advisors LLC lifted its holdings in shares of Chevron by 1.4% during the third quarter. Regent Peak Wealth Advisors LLC now owns 5,081 shares of the oil and gas company’s stock valued at $857,000 after purchasing an additional 68 shares during the last quarter. Octavia Wealth Advisors LLC boosted its position in shares of Chevron by 1.3% in the 4th quarter. Octavia Wealth Advisors LLC now owns 5,254 shares of the oil and gas company’s stock worth $784,000 after purchasing an additional 68 shares in the last quarter. Finally, Investment Partners LTD. increased its position in Chevron by 0.8% during the 4th quarter. Investment Partners LTD. now owns 8,124 shares of the oil and gas company’s stock valued at $1,212,000 after buying an additional 68 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Trading Up 0.7 %

Shares of CVX traded up $1.10 during midday trading on Thursday, hitting $160.73. The stock had a trading volume of 8,594,949 shares, compared to its average volume of 8,447,272. Chevron Co. has a 1 year low of $139.62 and a 1 year high of $171.70. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.27 and a quick ratio of 1.01. The stock’s 50 day moving average is $157.04 and its 200 day moving average is $151.74. The firm has a market cap of $298.52 billion, a PE ratio of 14.77, a price-to-earnings-growth 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 EPS for the quarter, beating the consensus estimate of $2.84 by $0.09. The company had revenue of $48.72 billion for 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%. Chevron’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.55 EPS. As a group, analysts forecast that Chevron Co. will post 13.53 EPS for the current fiscal year.

Chevron Dividend Announcement

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 is Thursday, May 16th. This represents a $6.52 annualized dividend and a yield of 4.06%. Chevron’s dividend payout ratio (DPR) is currently 59.98%.

Insider Activity

In related news, VP Alana K. Knowles sold 2,800 shares of the firm’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $165.00, for a total transaction of $462,000.00. Following the sale, the vice president now owns 276 shares of the company’s stock, valued at $45,540. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

CVX has been the subject of several analyst reports. UBS Group raised their price target on Chevron from $185.00 to $197.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Truist Financial decreased their price objective on shares of Chevron from $168.00 to $156.00 and set a “hold” rating for the company in a report on Friday, April 5th. DZ Bank lowered Chevron from a “buy” rating to a “hold” rating and set a $160.00 target price for the company. in a report on Tuesday, February 6th. TD Cowen raised their price objective on shares of Chevron from $155.00 to $160.00 and gave the company a “hold” rating in a research report on Monday. Finally, Wells Fargo & Company upped their target price on shares of Chevron from $198.00 to $206.00 and gave the stock an “overweight” rating in a report on Tuesday. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Chevron has a consensus rating of “Moderate Buy” and an average target price of $185.35.

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.