PYA Waltman Capital LLC Has $344,000 Stake in Chevron Co. (NYSE:CVX)

PYA Waltman Capital LLC raised its stake in Chevron Co. (NYSE:CVXGet Rating) by 179.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,394 shares of the oil and gas company’s stock after buying an additional 1,537 shares during the quarter. PYA Waltman Capital LLC’s holdings in Chevron were worth $344,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Childress Capital Advisors LLC lifted its stake in shares of Chevron by 0.8% in the 3rd quarter. Childress Capital Advisors LLC now owns 7,314 shares of the oil and gas company’s stock valued at $1,051,000 after purchasing an additional 57 shares during the last quarter. Klingman & Associates LLC lifted its stake in shares of Chevron by 1.6% in the 3rd quarter. Klingman & Associates LLC now owns 3,736 shares of the oil and gas company’s stock valued at $537,000 after purchasing an additional 58 shares during the last quarter. SignalPoint Asset Management LLC lifted its stake in shares of Chevron by 0.4% in the 3rd quarter. SignalPoint Asset Management LLC now owns 14,906 shares of the oil and gas company’s stock valued at $2,141,000 after purchasing an additional 61 shares during the last quarter. Apeiron RIA LLC lifted its stake in shares of Chevron by 0.8% in the 3rd quarter. Apeiron RIA LLC now owns 7,807 shares of the oil and gas company’s stock valued at $1,224,000 after purchasing an additional 63 shares during the last quarter. Finally, Bridgeworth LLC lifted its stake in shares of Chevron by 1.5% in the 3rd quarter. Bridgeworth LLC now owns 4,236 shares of the oil and gas company’s stock valued at $609,000 after purchasing an additional 64 shares during the last quarter. Institutional investors and hedge funds own 69.37% of the company’s stock.

Chevron Price Performance

NYSE:CVX opened at $180.83 on Wednesday. Chevron Co. has a 12 month low of $125.27 and a 12 month high of $189.68. The stock has a 50 day moving average of $177.39 and a two-hundred day moving average of $166.01. The company has a current ratio of 1.40, a quick ratio of 1.15 and a debt-to-equity ratio of 0.13. The firm has a market cap of $349.66 billion, a P/E ratio of 10.29, a price-to-earnings-growth ratio of 0.81 and a beta of 1.18.

Chevron (NYSE:CVXGet Rating) last issued its earnings results on Friday, October 28th. The oil and gas company reported $5.56 earnings per share for the quarter, topping the consensus estimate of $5.02 by $0.54. The business had revenue of $66.64 billion for the quarter, compared to analysts’ expectations of $61.44 billion. Chevron had a return on equity of 22.36% and a net margin of 14.36%. The business’s revenue for the quarter was up 49.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.96 EPS. On average, analysts expect that Chevron Co. will post 18.91 earnings per share for the current fiscal year.

Insider Transactions at Chevron

In related news, EVP James William Johnson sold 143,466 shares of the company’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $179.30, for a total value of $25,723,453.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Alice P. Gast sold 2,706 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $179.44, for a total value of $485,564.64. Following the transaction, the director now directly owns 21,964 shares in the company, valued at $3,941,220.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James William Johnson sold 143,466 shares of the company’s stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $179.30, for a total value of $25,723,453.80. The disclosure for this sale can be found here. Insiders have sold a total of 293,563 shares of company stock worth $53,186,421 in the last ninety days. Insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Cowen increased their price target on Chevron from $160.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, October 31st. Piper Sandler reduced their price objective on Chevron from $206.00 to $199.00 and set an “overweight” rating on the stock in a report on Monday, December 19th. Morgan Stanley raised their price objective on Chevron from $196.00 to $197.00 and gave the stock an “equal weight” rating in a report on Tuesday. BNP Paribas downgraded Chevron from a “neutral” rating to an “underperform” rating and set a $190.00 price objective on the stock. in a report on Wednesday, December 14th. Finally, Raymond James raised their price objective on Chevron from $188.00 to $215.00 and gave the stock an “outperform” rating in a report on Monday, October 31st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $186.71.

About Chevron

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Chevron Corp. engages in the provision of administrative, financial management, and technology support for energy and chemical operations. It operates through the Upstream and Downstream segments. The Upstream segment consists of the exploration, development, and production of crude oil and natural gas, the liquefaction, transportation, and regasification associated with liquefied natural gas, the transporting of crude oil by major international oil export pipelines, the processing, transporting, storage, and marketing of natural gas, and a gas-to-liquids plant.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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