Level Four Advisory Services LLC Has $7.18 Million Holdings in Chevron Co. (NYSE:CVX)

Level Four Advisory Services LLC lifted its holdings in Chevron Co. (NYSE:CVX) by 13.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,976 shares of the oil and gas company’s stock after buying an additional 5,347 shares during the period. Level Four Advisory Services LLC’s holdings in Chevron were worth $7,175,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Miracle Mile Advisors LLC boosted its holdings in Chevron by 0.3% in the 1st quarter. Miracle Mile Advisors LLC now owns 19,980 shares of the oil and gas company’s stock worth $3,260,000 after buying an additional 60 shares during the period. First American Trust FSB grew its stake in Chevron by 1.4% in the 1st quarter. First American Trust FSB now owns 4,469 shares of the oil and gas company’s stock worth $729,000 after acquiring an additional 61 shares in the last quarter. Waddell & Associates LLC increased its position in Chevron by 0.5% during the 4th quarter. Waddell & Associates LLC now owns 12,447 shares of the oil and gas company’s stock valued at $2,234,000 after purchasing an additional 62 shares during the period. Zullo Investment Group Inc. raised its position in shares of Chevron by 1.7% in the 4th quarter. Zullo Investment Group Inc. now owns 3,740 shares of the oil and gas company’s stock worth $671,000 after acquiring an additional 63 shares in the last quarter. Finally, Janiczek Wealth Management LLC raised its stake in shares of Chevron by 1.8% during the 1st quarter. Janiczek Wealth Management LLC now owns 3,474 shares of the oil and gas company’s stock worth $599,000 after acquiring an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 68.87% of the company’s stock.

Chevron Stock Down 0.3 %

Chevron stock opened at $166.23 on Thursday. The stock has a market capitalization of $310.39 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 0.89 and a beta of 1.18. The stock has a 50 day moving average of $160.07 and a two-hundred day moving average of $160.05. The company has a current ratio of 1.43, a quick ratio of 1.13 and a debt-to-equity ratio of 0.13. Chevron Co. has a twelve month low of $140.46 and a twelve month high of $189.68.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, July 28th. The oil and gas company reported $3.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.95 by $0.13. Chevron had a net margin of 13.54% and a return on equity of 19.48%. The firm had revenue of $48.90 billion during the quarter, compared to analysts’ expectations of $48 billion. During the same period in the prior year, the company posted $5.82 earnings per share. The firm’s revenue for the quarter was down 28.9% on a year-over-year basis. As a group, research analysts expect that Chevron Co. will post 13.19 earnings per share for the current year.

Chevron Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 18th were issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend was Thursday, August 17th. Chevron’s dividend payout ratio is presently 38.30%.

Insiders Place Their Bets

In other news, VP Jeff B. Gustavson sold 3,750 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $160.88, for a total value of $603,300.00. Following the completion of the transaction, the vice president now owns 1,718 shares in the company, valued at approximately $276,391.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Pierre R. Breber sold 25,000 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $164.00, for a total value of $4,100,000.00. Following the sale, the chief financial officer now directly owns 6,021 shares in the company, valued at approximately $987,444. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Jeff B. Gustavson sold 3,750 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $160.88, for a total transaction of $603,300.00. Following the transaction, the vice president now owns 1,718 shares of the company’s stock, valued at $276,391.84. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

CVX has been the subject of a number of research analyst reports. HSBC raised their price target on shares of Chevron from $180.00 to $184.00 in a report on Wednesday, August 9th. StockNews.com initiated coverage on shares of Chevron in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Citigroup decreased their price objective on Chevron from $180.00 to $170.00 in a report on Tuesday, July 11th. UBS Group raised their price target on Chevron from $202.00 to $209.00 and gave the stock a “buy” rating in a research report on Thursday, August 17th. Finally, Piper Sandler cut their price target on Chevron from $196.00 to $188.00 in a report on Tuesday, June 13th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $190.28.

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; liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and processing, transportation, storage, and marketing of natural gas, as well as a gas-to-liquids plant.