Chevron Co. (NYSE:CVX) Stock Position Increased by Kovack Advisors Inc.

Kovack Advisors Inc. raised its position in shares of Chevron Co. (NYSE:CVX) by 52.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 68,156 shares of the oil and gas company’s stock after purchasing an additional 23,415 shares during the quarter. Chevron accounts for 1.3% of Kovack Advisors Inc.’s portfolio, making the stock its 9th largest position. Kovack Advisors Inc.’s holdings in Chevron were worth $10,751,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CVX. Bare Financial Services Inc purchased a new stake in Chevron during the 4th quarter valued at about $27,000. Frank Rimerman Advisors LLC acquired a new position in shares of Chevron in the 4th quarter valued at about $30,000. Valued Wealth Advisors LLC acquired a new position in shares of Chevron in the 4th quarter valued at about $33,000. Cooksen Wealth LLC acquired a new position in shares of Chevron in the 4th quarter valued at about $40,000. Finally, Clear Investment Research LLC lifted its holdings in shares of Chevron by 264.9% in the 4th quarter. Clear Investment Research LLC now owns 281 shares of the oil and gas company’s stock valued at $42,000 after buying an additional 204 shares during the period. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Insider Buying and Selling

In related news, Director Enrique Hernandez, Jr. sold 2,549 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $161.00, for a total value of $410,389.00. Following the completion of the transaction, the director now directly owns 7,647 shares in the company, valued at $1,231,167. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Enrique Hernandez, Jr. sold 2,549 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $161.00, for a total value of $410,389.00. Following the completion of the transaction, the director now directly owns 7,647 shares in the company, valued at $1,231,167. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Enrique Hernandez, Jr. sold 5,098 shares of the 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 completion of 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. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group reissued a “buy” rating on shares of Chevron in a report on Monday, April 1st. Barclays began coverage on Chevron in a report on Wednesday, April 10th. They issued an “overweight” rating and a $203.00 price objective for the company. HSBC upped their price target on Chevron from $175.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. UBS Group upped their price target on Chevron from $185.00 to $197.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Finally, Raymond James upped their price target on Chevron from $170.00 to $174.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Chevron has an average rating of “Moderate Buy” and an average target price of $186.95.

Chevron Price Performance

CVX stock opened at $156.71 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.23 and a quick ratio of 0.93. The business has a 50 day simple moving average of $158.85 and a 200-day simple moving average of $154.89. The firm has a market capitalization of $288.81 billion, a PE ratio of 14.42, a price-to-earnings-growth ratio of 2.38 and a beta of 1.10. Chevron Co. has a 1 year low of $139.62 and a 1 year high of $171.70.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.09. The business 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% compared to the same quarter last year. During the same period in the prior year, the business earned $3.55 earnings per share. Equities research analysts anticipate that Chevron Co. will post 13.15 earnings per share for the current fiscal year.

Chevron Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were given a $1.63 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $6.52 annualized dividend and a yield of 4.16%. Chevron’s payout ratio is 59.98%.

Chevron Company 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.