Chevron Co. (NYSE:CVX) Shares Acquired by DeDora Capital Inc.

DeDora Capital Inc. increased its holdings in shares of Chevron Co. (NYSE:CVX) by 1.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,398 shares of the oil and gas company’s stock after purchasing an additional 253 shares during the quarter. DeDora Capital Inc.’s holdings in Chevron were worth $2,429,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CVX. Picton Mahoney Asset Management purchased a new position in shares of Chevron during the third quarter worth $26,000. Bare Financial Services Inc purchased a new position in shares of Chevron during the fourth quarter worth $27,000. Valley Forge Investment Consultants Inc. ADV boosted its position in shares of Chevron by 80.0% during the third quarter. Valley Forge Investment Consultants Inc. ADV now owns 180 shares of the oil and gas company’s stock worth $30,000 after buying an additional 80 shares during the period. Frank Rimerman Advisors LLC purchased a new position in shares of Chevron during the fourth quarter worth $30,000. Finally, Valued Wealth Advisors LLC purchased a new position in shares of Chevron during the fourth quarter worth $33,000. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Chevron

In related news, VP Alana K. Knowles sold 2,800 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $160.09, for a total value of $448,252.00. Following the completion of the sale, the vice president now owns 276 shares in the company, valued at $44,184.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.20% of the company’s stock.

Chevron Stock Performance

Shares of NYSE CVX traded down $0.48 during midday trading on Friday, reaching $160.25. 11,664,505 shares of the company were exchanged, compared to its average volume of 7,516,580. The company has a current ratio of 1.27, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Chevron Co. has a 1 year low of $139.62 and a 1 year high of $171.70. The stock has a fifty day simple moving average of $157.26 and a 200 day simple moving average of $151.76. The stock has a market cap of $297.63 billion, a P/E ratio of 14.74, a PEG ratio of 2.38 and a beta of 1.11.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.09. Chevron had a return on equity of 14.38% and a net margin of 10.21%. The firm had revenue of $48.72 billion for the quarter, compared to analyst estimates of $48.42 billion. During the same quarter last year, the company posted $3.55 earnings per share. The business’s revenue was down 4.1% on a year-over-year basis. On average, research analysts forecast that Chevron Co. will post 13.53 earnings per share for the current fiscal year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.07%. The ex-dividend date is Thursday, May 16th. Chevron’s dividend payout ratio (DPR) is presently 59.98%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. DZ Bank lowered Chevron from a “buy” rating to a “hold” rating and set a $160.00 price target for the company. in a research report on Tuesday, February 6th. HSBC increased their price objective on Chevron from $175.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday. Mizuho increased their price objective on Chevron from $195.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Piper Sandler increased their price objective on Chevron from $180.00 to $204.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Finally, UBS Group increased their price objective on Chevron from $185.00 to $197.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Chevron currently has a consensus rating of “Moderate Buy” and a consensus target price of $185.35.

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.