Dakota Community Bank & Trust NA Raises Holdings in Chevron Co. (NYSE:CVX)

Dakota Community Bank & Trust NA raised its holdings in shares of Chevron Co. (NYSE:CVXFree Report) by 7.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,742 shares of the oil and gas company’s stock after purchasing an additional 116 shares during the period. Chevron accounts for about 1.5% of Dakota Community Bank & Trust NA’s holdings, making the stock its 26th largest holding. Dakota Community Bank & Trust NA’s holdings in Chevron were worth $275,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CVX. Bare Financial Services Inc bought a new position in Chevron during the 4th quarter valued at approximately $27,000. Frank Rimerman Advisors LLC bought a new position in shares of Chevron in the 4th quarter worth approximately $30,000. Valued Wealth Advisors LLC bought a new position in shares of Chevron in the 4th quarter worth approximately $33,000. Cooksen Wealth LLC bought a new position in shares of Chevron in the 4th quarter worth approximately $40,000. Finally, Clear Investment Research LLC raised its position 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 worth $42,000 after acquiring an additional 204 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CVX. Raymond James increased their target price on Chevron from $170.00 to $174.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. Truist Financial upped their price target on Chevron from $156.00 to $166.00 and gave the stock a “hold” rating in a research note on Friday, May 10th. Mizuho upped their price target on Chevron from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Barclays started coverage on Chevron in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $203.00 price target on the stock. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Chevron in a research note on Monday, April 1st. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Chevron currently has an average rating of “Moderate Buy” and a consensus target price of $186.95.

View Our Latest Report on Chevron

Insider Buying and Selling at Chevron

In other Chevron news, VP Jeff B. Gustavson sold 3,750 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $160.23, for a total transaction of $600,862.50. Following the sale, the vice president now directly owns 477 shares of the company’s stock, valued at $76,429.71. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Enrique Hernandez, Jr. sold 2,549 shares of Chevron 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 of the company’s stock, valued at $4,581,279. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jeff B. Gustavson sold 3,750 shares of Chevron stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $160.23, for a total value of $600,862.50. Following the completion of the sale, the vice president now directly owns 477 shares in the company, valued at $76,429.71. The disclosure for this sale can be found here. Insiders have sold a total of 19,546 shares of company stock valued at $3,176,223 over the last ninety days. 0.20% of the stock is currently owned by company insiders.

Chevron Price Performance

NYSE:CVX traded down $1.36 on Friday, reaching $155.28. 21,292,090 shares of the company’s stock traded hands, compared to its average volume of 6,185,036. 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 stock has a 50-day simple moving average of $159.25 and a 200-day simple moving average of $154.13. The firm has a market cap of $286.18 billion, a PE ratio of 14.29, a P/E/G ratio of 2.33 and a beta of 1.12. Chevron Co. has a 12 month low of $139.62 and a 12 month high of $171.70.

Chevron (NYSE:CVXGet Free Report) last posted its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.09. The business had revenue of $48.72 billion for the quarter, compared to analysts’ expectations of $48.42 billion. Chevron had a return on equity of 14.40% and a net margin of 10.21%. The business’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period last year, the firm earned $3.55 earnings per share. Equities research analysts forecast that Chevron Co. will post 13.45 earnings per share for the current year.

Chevron Announces Dividend

The firm also recently declared 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 of this dividend was Thursday, May 16th. This represents a $6.52 dividend on an annualized basis and a yield of 4.20%. Chevron’s dividend payout ratio is presently 59.98%.

About Chevron

(Free Report)

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.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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