Forte Capital LLC ADV Has $922,000 Stock Holdings in Chevron Co. (NYSE:CVX)

Forte Capital LLC ADV grew its stake in Chevron Co. (NYSE:CVX) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,181 shares of the oil and gas company’s stock after purchasing an additional 87 shares during the quarter. Forte Capital LLC ADV’s holdings in Chevron were worth $922,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Accurate Wealth Management LLC boosted its position in Chevron by 17.7% in the third quarter. Accurate Wealth Management LLC now owns 21,104 shares of the oil and gas company’s stock valued at $3,536,000 after buying an additional 3,173 shares in the last quarter. Vicus Capital raised its position in Chevron by 9.0% in the third quarter. Vicus Capital now owns 8,034 shares of the oil and gas company’s stock valued at $1,355,000 after purchasing an additional 663 shares during the last quarter. Hexagon Capital Partners LLC grew its holdings in shares of Chevron by 4.6% during the third quarter. Hexagon Capital Partners LLC now owns 9,085 shares of the oil and gas company’s stock worth $1,532,000 after purchasing an additional 402 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Chevron by 2.0% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 424,020 shares of the oil and gas company’s stock valued at $71,498,000 after buying an additional 8,283 shares during the period. Finally, Xponance Inc. boosted its position in Chevron by 2.3% during the 3rd quarter. Xponance Inc. now owns 204,137 shares of the oil and gas company’s stock worth $34,422,000 after buying an additional 4,607 shares during the period. Institutional investors own 72.42% of the company’s stock.

Insider Buying and Selling at Chevron

In other news, VP Alana K. Knowles sold 2,800 shares of Chevron stock in a transaction on 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 directly owns 276 shares in the company, valued at approximately $45,540. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. HSBC lifted their price target on shares of Chevron from $175.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday. Mizuho raised their price objective on Chevron from $195.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Truist Financial cut their price objective on Chevron from $168.00 to $156.00 and set a “hold” rating on the stock in a research note on Friday, April 5th. UBS Group raised their price target on shares of Chevron from $185.00 to $197.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Finally, Raymond James increased their price objective 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 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 currently has an average rating of “Moderate Buy” and an average target price of $185.35.

Chevron Stock Down 0.3 %

NYSE:CVX traded down $0.48 during trading hours on Friday, hitting $160.25. 11,664,505 shares of the company traded hands, compared to its average volume of 7,516,580. Chevron Co. has a one year low of $139.62 and a one year high of $171.70. The company has a quick ratio of 1.01, a current ratio of 1.27 and a debt-to-equity ratio of 0.13. The company has a market cap of $297.63 billion, a PE ratio of 14.74, a PEG ratio of 2.38 and a beta of 1.11. The firm’s 50-day simple moving average is $157.26 and its 200-day simple moving average is $151.76.

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, topping the consensus estimate of $2.84 by $0.09. The business had revenue of $48.72 billion for the quarter, compared to analysts’ expectations of $48.42 billion. Chevron had a net margin of 10.21% and a return on equity of 14.38%. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned $3.55 earnings per share. Equities analysts predict that Chevron Co. will post 13.53 earnings per share for the current year.

Chevron Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 17th will be given a $1.63 dividend. The ex-dividend date is Thursday, May 16th. This represents a $6.52 annualized dividend and a yield of 4.07%. Chevron’s dividend payout ratio is currently 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.