Chevron Co. (NYSE:CVX) Shares Sold by Lawson Kroeker Investment Management Inc. NE

Lawson Kroeker Investment Management Inc. NE reduced its position in shares of Chevron Co. (NYSE:CVX) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,297 shares of the oil and gas company’s stock after selling 346 shares during the quarter. Lawson Kroeker Investment Management Inc. NE’s holdings in Chevron were worth $4,968,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Busey Bank raised its holdings in shares of Chevron by 2.1% in the 4th quarter. Busey Bank now owns 166,536 shares of the oil and gas company’s stock worth $24,121,000 after purchasing an additional 3,494 shares in the last quarter. Abel Hall LLC grew its position in Chevron by 4.1% in the fourth quarter. Abel Hall LLC now owns 3,782 shares of the oil and gas company’s stock worth $548,000 after buying an additional 148 shares during the last quarter. Synergy Asset Management LLC increased its holdings in shares of Chevron by 10.3% in the fourth quarter. Synergy Asset Management LLC now owns 53,895 shares of the oil and gas company’s stock valued at $7,907,000 after buying an additional 5,018 shares in the last quarter. Gries Financial LLC lifted its position in shares of Chevron by 213.3% during the 4th quarter. Gries Financial LLC now owns 7,691 shares of the oil and gas company’s stock valued at $1,114,000 after acquiring an additional 5,236 shares during the last quarter. Finally, Milestone Asset Management LLC boosted its stake in shares of Chevron by 25.9% during the 4th quarter. Milestone Asset Management LLC now owns 25,321 shares of the oil and gas company’s stock worth $3,668,000 after acquiring an additional 5,213 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.

Wall Street Analyst Weigh In

CVX has been the topic of a number of recent analyst reports. Scotiabank cut their target price on Chevron from $180.00 to $163.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Piper Sandler decreased their target price on shares of Chevron from $184.00 to $173.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. UBS Group boosted their price target on shares of Chevron from $194.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Wells Fargo & Company raised their price objective on shares of Chevron from $171.00 to $188.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Finally, Raymond James boosted their target price on shares of Chevron from $175.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $175.27.

Insider Activity

In related news, CEO Michael K. Wirth sold 164,600 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $160.13, for a total value of $26,357,398.00. Following the transaction, the chief executive officer now directly owns 4,280 shares in the company, valued at approximately $685,356.40. This trade represents a 97.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.20% of the company’s stock.

Chevron Price Performance

NYSE CVX opened at $156.19 on Friday. Chevron Co. has a fifty-two week low of $135.37 and a fifty-two week high of $167.11. The stock’s 50-day moving average is $153.56 and its two-hundred day moving average is $151.16. The firm has a market cap of $280.68 billion, a P/E ratio of 17.16, a price-to-earnings-growth ratio of 1.35 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80.

Chevron (NYSE:CVX) last posted its earnings results on Friday, November 1st. The oil and gas company reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.04. Chevron had a return on equity of 13.15% and a net margin of 8.44%. The firm had revenue of $50.67 billion during the quarter, compared to analyst estimates of $48.86 billion. During the same period in the previous year, the company earned $3.05 EPS. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, analysts anticipate that Chevron Co. will post 10.18 earnings per share for the current fiscal year.

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.