Leisure Capital Management Has $620,000 Position in Chevron Co. (NYSE:CVX)

Leisure Capital Management lessened its stake in Chevron Co. (NYSE:CVX) by 18.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,155 shares of the oil and gas company’s stock after selling 950 shares during the period. Leisure Capital Management’s holdings in Chevron were worth $620,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CVX shares. Mizuho upped their price target on Chevron from $195.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. TD Cowen lowered Chevron from an “outperform” rating to a “market perform” rating and cut their target price for the company from $170.00 to $150.00 in a research report on Tuesday, January 23rd. UBS Group upped their target price on Chevron from $185.00 to $197.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Royal Bank of Canada upped their target price on Chevron from $185.00 to $190.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Chevron in a research report on Monday, April 1st. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Chevron presently has a consensus rating of “Moderate Buy” and a consensus price target of $184.75.

Chevron Price Performance

NYSE:CVX traded up $0.61 during trading hours on Friday, hitting $165.89. 9,736,350 shares of the company’s stock traded hands, compared to its average volume of 7,082,480. The firm has a market cap of $308.10 billion, a P/E ratio of 14.60, a P/E/G ratio of 2.43 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 business’s fifty day simple moving average is $156.58 and its two-hundred day simple moving average is $151.83. The company has a quick ratio of 1.01, a current ratio of 1.27 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.09. Chevron had a return on equity of 15.24% and a net margin of 10.63%. The business had revenue of $48.72 billion for the quarter, compared to the consensus estimate of $48.42 billion. During the same quarter last year, the business posted $3.55 earnings per share. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, research analysts anticipate that Chevron Co. will post 13.58 earnings per share for the current fiscal year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 17th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $6.52 dividend on an annualized basis and a yield of 3.93%. Chevron’s payout ratio is 57.39%.

Insider Buying and Selling at Chevron

In other news, VP Alana K. Knowles sold 2,800 shares of Chevron stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $160.09, for a total value of $448,252.00. Following the transaction, the vice president now owns 276 shares in the company, valued at $44,184.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.18% of the company’s stock.

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.