Exeter Financial LLC Acquires 527 Shares of Chevron Co. (NYSE:CVX)

Exeter Financial LLC lifted its holdings in Chevron Co. (NYSE:CVX) by 2.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,853 shares of the oil and gas company’s stock after purchasing an additional 527 shares during the period. Chevron accounts for approximately 1.9% of Exeter Financial LLC’s portfolio, making the stock its 15th biggest holding. Exeter Financial LLC’s holdings in Chevron were worth $4,154,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CVX. Bare Financial Services Inc bought a new position in Chevron during the fourth quarter valued at about $27,000. Frank Rimerman Advisors LLC bought a new position in Chevron during the fourth quarter valued at about $30,000. Valued Wealth Advisors LLC bought a new position in Chevron during the fourth quarter valued at about $33,000. Cooksen Wealth LLC bought a new position in Chevron during the fourth quarter valued at about $40,000. Finally, Clear Investment Research LLC increased its stake in Chevron by 264.9% during the fourth quarter. Clear Investment Research LLC now owns 281 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 204 shares during the period. 72.42% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Enrique Hernandez, Jr. sold 2,549 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $165.24, for a total value of $421,196.76. Following the sale, the director now directly owns 27,725 shares in the company, valued at $4,581,279. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Enrique Hernandez, Jr. sold 5,098 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $163.50, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Enrique Hernandez, Jr. sold 2,549 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $165.24, for a total value of $421,196.76. Following the sale, the director now directly owns 27,725 shares in the company, valued at approximately $4,581,279. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,546 shares of company stock worth $3,176,223. Corporate insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CVX. Mizuho boosted their price target on Chevron from $200.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Piper Sandler upped 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. Barclays began coverage on Chevron in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $203.00 price objective on the stock. Scotiabank upgraded Chevron from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $170.00 to $195.00 in a research note on Thursday, April 11th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Chevron in a research note on Monday, April 1st. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $186.95.

Chevron Trading Up 0.1 %

Shares of NYSE CVX traded up $0.13 during midday trading on Thursday, hitting $156.08. The stock had a trading volume of 2,432,509 shares, compared to its average volume of 8,031,823. The company’s 50-day simple moving average is $159.32 and its 200 day simple moving average is $154.52. The firm has a market cap of $287.65 billion, a P/E ratio of 14.37, a price-to-earnings-growth ratio of 2.41 and a beta of 1.12. Chevron Co. has a fifty-two week low of $139.62 and a fifty-two week high of $171.70. 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 announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.09. Chevron had a return on equity of 14.40% and a net margin of 10.21%. The business had revenue of $48.72 billion during the quarter, compared to analysts’ expectations of $48.42 billion. During the same period in the previous year, the firm earned $3.55 earnings per share. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. Research analysts anticipate that Chevron Co. will post 13.15 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 was Thursday, May 16th. This represents a $6.52 annualized dividend and a yield of 4.18%. Chevron’s dividend payout ratio is presently 59.98%.

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.