Chevron Co. (NYSE:CVX) Shares Bought by Bard Financial Services Inc.

Bard Financial Services Inc. increased its holdings in Chevron Co. (NYSE:CVX) by 1.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 70,070 shares of the oil and gas company’s stock after buying an additional 1,200 shares during the period. Chevron comprises approximately 1.2% of Bard Financial Services Inc.’s holdings, making the stock its 25th biggest position. Bard Financial Services Inc.’s holdings in Chevron were worth $11,053,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CVX. Oxbow Advisors LLC raised its position in shares of Chevron by 13.1% during the 1st quarter. Oxbow Advisors LLC now owns 11,787 shares of the oil and gas company’s stock worth $1,859,000 after buying an additional 1,361 shares in the last quarter. Advisory Alpha LLC raised its holdings in shares of Chevron by 10.6% in the 1st quarter. Advisory Alpha LLC now owns 8,801 shares of the oil and gas company’s stock worth $1,388,000 after purchasing an additional 844 shares in the last quarter. ACR Alpine Capital Research LLC raised its holdings in shares of Chevron by 15.5% in the 1st quarter. ACR Alpine Capital Research LLC now owns 1,186,600 shares of the oil and gas company’s stock worth $187,174,000 after purchasing an additional 159,172 shares in the last quarter. Advisors Capital Management LLC raised its holdings in shares of Chevron by 7.8% in the 1st quarter. Advisors Capital Management LLC now owns 507,561 shares of the oil and gas company’s stock worth $80,063,000 after purchasing an additional 36,799 shares in the last quarter. Finally, Grandfield & Dodd LLC raised its holdings in shares of Chevron by 0.4% in the 1st quarter. Grandfield & Dodd LLC now owns 117,502 shares of the oil and gas company’s stock worth $18,535,000 after purchasing an additional 504 shares in the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron Stock Down 0.2 %

CVX stock traded down $0.37 during trading hours on Friday, hitting $154.89. The company’s stock had a trading volume of 1,067,442 shares, compared to its average volume of 7,892,350. The company has a quick ratio of 0.93, a current ratio of 1.23 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $285.46 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 2.35 and a beta of 1.10. Chevron Co. has a 12 month low of $139.62 and a 12 month high of $171.70. The stock has a 50 day moving average price of $157.85 and a two-hundred day moving average price of $155.03.

Chevron (NYSE:CVX) last posted 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 the consensus estimate of $48.42 billion. Chevron had a net margin of 10.21% and a return on equity of 14.40%. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.55 earnings per share. On average, equities research analysts expect that Chevron Co. will post 13.18 earnings per share for the current year.

Chevron Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date was Thursday, May 16th. Chevron’s payout ratio is 59.98%.

Analysts Set New Price Targets

A number of analysts recently commented on CVX shares. Scotiabank upgraded shares of Chevron from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $170.00 to $195.00 in a report on Thursday, April 11th. Truist Financial boosted their price target on shares of Chevron from $156.00 to $166.00 and gave the company a “hold” rating in a report on Friday, May 10th. Piper Sandler boosted their price target on shares of Chevron from $180.00 to $204.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. The Goldman Sachs Group restated a “buy” rating on shares of Chevron in a report on Monday, April 1st. Finally, UBS Group boosted their price target on shares of Chevron from $185.00 to $197.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $187.89.

Insider Transactions at Chevron

In other news, Director Enrique Hernandez, Jr. sold 2,549 shares of the business’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 directly owns 7,647 shares in the company, valued at $1,231,167. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Enrique Hernandez, Jr. sold 2,549 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $161.00, for a total transaction of $410,389.00. Following the completion of the transaction, the director now directly owns 7,647 shares in the company, valued at approximately $1,231,167. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Enrique Hernandez, Jr. sold 5,098 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $163.50, for a total transaction of $833,523.00. Following the transaction, the director now owns 2,549 shares of the company’s stock, valued at $416,761.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,746 shares of company stock worth $2,727,971. 0.20% of the stock is 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.