Financial & Tax Architects LLC Boosts Stake in Chevron Co. (NYSE:CVX)

Financial & Tax Architects LLC has enlarged its investment in Chevron Co. (NYSE:CVX) by 8.1% during the fourth quarter, based on the latest filings with the Securities and Exchange Commission (SEC). The firm now holds a total of 41,920 shares after acquiring an additional 3,132 shares within this timeframe. Chevron constitutes approximately 1.5% of Financial & Tax Architects LLC's overall investment portfolio, ranking it as the 26th largest position in their holdings. The total value of Financial & Tax Architects LLC's shares in Chevron was estimated at $6,072,000 by the end of the last quarter.

Activity Among Other Hedge Funds

Multiple other institutional investors have also adjusted their positions regarding Chevron shares. Marietta Wealth Management LLC increased its stake by 10.9% in the third quarter, acquiring an additional 3,965 shares, bringing their total to 40,484 shares valued at $5,962,000. Similarly, Leo Wealth LLC raised its holdings by 19.6%, obtaining an additional 1,354 shares to own 8,246 shares worth $1,214,000. Charles Schwab Investment Management Inc. saw a significant boost of 11.5%, adding 3,203,899 shares, resulting in 31,108,760 shares valued at $4,581,137,000. RPG Investment Advisory LLC also increased its holdings by 3.4%, while State Street Corp raised its position by 0.6%. Currently, institutional investors hold about 72.42% of Chevron's shares.

Insider Transactions

In addition, CEO Michael K. Wirth recently sold 164,600 shares of Chevron on November 14th at an average price of $160.13, totaling $26,357,398. Post-sale, he retains 4,280 shares, valued at $685,356.40, marking a reduction of 97.47% of his position. This transaction was reported to the SEC as required.

Chevron Stock Overview

The stock opened at $161.54 recently. Chevron boasts a market capitalization of $290.30 billion, a PE ratio of 17.75, and has shown a 12-month price range between $135.37 and $167.11. It has a current ratio of 1.07, a quick ratio of 0.80, and a notably low debt-to-equity ratio of 0.13.

Recent Earnings Results

Chevron announced earnings on November 1st, showing earnings per share (EPS) of $2.51, slightly surpassing the anticipated $2.47. The company’s revenue for the quarter was reported at $50.67 billion, beating the expectation of $48.86 billion, though it marked a 6.3% decline year-over-year from $3.05 EPS the previous year. Analysts predict a total EPS of 10.39 for the current year.

Dividend Distribution

Regarding dividends, Chevron recently confirmed a quarterly dividend of $1.63, distributed on December 10th to shareholders recorded by November 18th. This equates to an annualized dividend of $6.52 with a yield of 4.04%. The dividend payout ratio stands at 71.65%.

Wall Street Ratings

Analysts remain optimistic about Chevron's market position, with several upgrades taking place. Citigroup upgraded Chevron from `