Kathmere Capital Management LLC Has $1.85 Million Holdings in Chevron Corporation $CVX

Kathmere Capital Management LLC raised its position in shares of Chevron Corporation (NYSE:CVX) by 50.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,926 shares of the oil and gas company’s stock after purchasing an additional 2,997 shares during the period. Kathmere Capital Management LLC’s holdings in Chevron were worth $1,847,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Dakota Wealth Management boosted its stake in Chevron by 14.9% during the 4th quarter. Dakota Wealth Management now owns 83,265 shares of the oil and gas company’s stock valued at $12,690,000 after purchasing an additional 10,822 shares during the period. Clear Trail Advisors LLC bought a new position in Chevron in the 4th quarter worth approximately $10,167,000. Curtis Advisory Group LLC bought a new position in Chevron in the 4th quarter worth approximately $1,381,000. Indivisible Partners acquired a new position in shares of Chevron during the fourth quarter worth approximately $1,923,000. Finally, Focus Partners Wealth lifted its holdings in shares of Chevron by 3.2% during the third quarter. Focus Partners Wealth now owns 1,444,281 shares of the oil and gas company’s stock worth $224,278,000 after buying an additional 45,017 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Chevron news, Director John B. Hess sold 380,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $193.20, for a total value of $73,416,000.00. Following the sale, the director directly owned 278,045 shares in the company, valued at $53,718,294. This represents a 57.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.56% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on CVX. Mizuho raised their price objective on shares of Chevron from $225.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. HSBC upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $215.00 target price for the company in a research note on Friday, March 20th. The Goldman Sachs Group reissued a “buy” rating and issued a $216.00 price target on shares of Chevron in a report on Wednesday, May 6th. TD Cowen raised their price target on shares of Chevron from $204.00 to $205.00 and gave the stock a “hold” rating in a research report on Friday, May 8th. Finally, Barclays boosted their price objective on shares of Chevron from $192.00 to $213.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Nineteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Chevron currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.71.

Chevron Price Performance

NYSE:CVX traded up $4.09 during mid-day trading on Tuesday, hitting $172.19. The company’s stock had a trading volume of 1,531,392 shares, compared to its average volume of 11,593,914. The company has a market capitalization of $342.93 billion, a price-to-earnings ratio of 29.86, a P/E/G ratio of 0.57 and a beta of 0.50. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. Chevron Corporation has a fifty-two week low of $146.49 and a fifty-two week high of $214.71. The stock has a fifty day moving average of $183.31 and a 200-day moving average of $180.61.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.41. Chevron had a return on equity of 6.90% and a net margin of 5.79%.The company had revenue of $47.56 billion for the quarter, compared to the consensus estimate of $51.86 billion. During the same period in the previous year, the business earned $2.18 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, equities analysts forecast that Chevron Corporation will post 15.52 EPS for the current fiscal year.

Chevron Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, May 19th were paid a $1.78 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $7.12 annualized dividend and a yield of 4.1%. Chevron’s payout ratio is currently 123.40%.

Chevron Profile

Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.