Chevron Co. (NYSE:CVX) Shares Bought by Kades & Cheifetz LLC

Kades & Cheifetz LLC lifted its position in shares of Chevron Co. (NYSE:CVX) by 3.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,828 shares of the oil and gas company’s stock after buying an additional 118 shares during the period. Kades & Cheifetz LLC’s holdings in Chevron were worth $604,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. American Capital Advisory LLC raised its holdings in shares of Chevron by 403.2% in the 1st quarter. American Capital Advisory LLC now owns 156 shares of the oil and gas company’s stock worth $25,000 after purchasing an additional 125 shares during the period. Bare Financial Services Inc purchased a new position in Chevron in the fourth quarter valued at approximately $27,000. Frank Rimerman Advisors LLC acquired a new position in Chevron during the fourth quarter valued at approximately $30,000. Valued Wealth Advisors LLC purchased a new stake in Chevron during the fourth quarter worth approximately $33,000. Finally, Cooksen Wealth LLC acquired a new stake in shares of Chevron in the fourth quarter worth $40,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron Stock Up 0.1 %

NYSE:CVX traded up $0.10 during mid-day trading on Friday, reaching $155.36. The stock had a trading volume of 2,114,141 shares, compared to its average volume of 7,900,220. The stock’s 50 day simple moving average is $157.85 and its two-hundred day simple moving average is $155.03. Chevron Co. has a 1-year low of $139.62 and a 1-year high of $171.70. The company has a market capitalization of $286.32 billion, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 2.35 and a beta of 1.10. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.23 and a quick ratio of 0.93.

Chevron (NYSE:CVX) last issued its earnings results on Friday, April 26th. The oil and gas company reported $2.93 EPS for the quarter, topping the consensus estimate of $2.84 by $0.09. The company had revenue of $48.72 billion during the quarter, compared to analyst estimates of $48.42 billion. Chevron had a return on equity of 14.40% and a net margin of 10.21%. The business’s revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the firm earned $3.55 EPS. Equities analysts anticipate that Chevron Co. will post 13.18 EPS for the current year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.20%. Chevron’s dividend payout ratio (DPR) is 59.98%.

Analyst Upgrades and Downgrades

CVX has been the topic of several recent research reports. HSBC lifted their target price on shares of Chevron from $175.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Barclays began coverage on Chevron in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $203.00 target price for the company. The Goldman Sachs Group reiterated a “buy” rating on shares of Chevron in a report on Monday, April 1st. Wells Fargo & Company upped their price target on Chevron from $198.00 to $206.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Finally, Truist Financial lifted their price objective on shares of Chevron from $156.00 to $166.00 and gave the company a “hold” rating in a research note on Friday, May 10th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Chevron has an average rating of “Moderate Buy” and an average price target of $187.89.

Insider Transactions at Chevron

In related news, VP Jeff B. Gustavson sold 3,750 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $160.23, for a total transaction of $600,862.50. Following the completion of the sale, the vice president now owns 477 shares of the company’s stock, valued at approximately $76,429.71. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, VP Jeff B. Gustavson sold 3,750 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $160.23, for a total transaction of $600,862.50. Following the completion of the transaction, the vice president now directly owns 477 shares in the company, valued at approximately $76,429.71. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Enrique Hernandez, Jr. sold 2,549 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $161.00, for a total value of $410,389.00. Following the completion of the sale, the director now owns 7,647 shares in the company, valued at $1,231,167. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,746 shares of company stock worth $2,727,971. 0.20% of the stock is currently owned by insiders.

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.