Chevron Co. (NYSE:CVX) Shares Sold by Northside Capital Management LLC

Northside Capital Management LLC lowered its holdings in Chevron Co. (NYSE:CVX) by 4.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,282 shares of the oil and gas company’s stock after selling 507 shares during the period. Northside Capital Management LLC’s holdings in Chevron were worth $1,780,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Leibman Financial Services Inc. increased its position in shares of Chevron by 7.8% in the first quarter. Leibman Financial Services Inc. now owns 16,722 shares of the oil and gas company’s stock worth $2,638,000 after acquiring an additional 1,209 shares in the last quarter. S. R. Schill & Associates increased its position in shares of Chevron by 9.4% in the first quarter. S. R. Schill & Associates now owns 8,440 shares of the oil and gas company’s stock worth $1,331,000 after acquiring an additional 728 shares in the last quarter. Cullen Investment Group LTD. increased its position in shares of Chevron by 22.6% in the first quarter. Cullen Investment Group LTD. now owns 33,985 shares of the oil and gas company’s stock worth $5,430,000 after acquiring an additional 6,257 shares in the last quarter. GoalFusion Wealth Management LLC purchased a new position in shares of Chevron in the first quarter worth approximately $207,000. Finally, Campbell Capital Management Inc. increased its position in shares of Chevron by 12.1% in the first quarter. Campbell Capital Management Inc. now owns 32,551 shares of the oil and gas company’s stock worth $5,135,000 after acquiring an additional 3,521 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insider Buying and Selling at Chevron

In other Chevron news, VP Alana K. Knowles sold 2,800 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $165.00, for a total value of $462,000.00. Following the sale, the vice president now owns 276 shares of the company’s stock, valued at approximately $45,540. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, VP Alana K. Knowles sold 2,800 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $165.00, for a total value of $462,000.00. Following the sale, the vice president now owns 276 shares of the company’s stock, valued at approximately $45,540. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Enrique Hernandez, Jr. sold 2,549 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $161.00, for a total transaction of $410,389.00. Following the completion of the sale, the director now directly owns 7,647 shares in the company, valued at approximately $1,231,167. The disclosure for this sale can be found here. Insiders have sold 19,546 shares of company stock valued at $3,176,223 in the last 90 days. 0.20% of the stock is currently owned by company insiders.

Chevron Trading Up 0.1 %

Shares of CVX stock opened at $153.33 on Thursday. Chevron Co. has a 1 year low of $139.62 and a 1 year high of $171.70. The firm’s fifty day simple moving average is $159.43 and its 200 day simple moving average is $154.04. The firm has a market capitalization of $282.58 billion, a P/E ratio of 14.11, a price-to-earnings-growth ratio of 2.28 and a beta of 1.12. The company has a current ratio of 1.23, a quick ratio of 0.93 and a debt-to-equity ratio of 0.13.

Chevron (NYSE:CVX) last announced its earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.09. Chevron had a net margin of 10.21% and a return on equity of 14.40%. The business had revenue of $48.72 billion for the quarter, compared to analyst estimates of $48.42 billion. During the same quarter in the previous year, the firm posted $3.55 earnings per share. Chevron’s revenue was down 4.1% compared to the same quarter last year. As a group, sell-side analysts predict that Chevron Co. will post 13.45 EPS 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 $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend was Thursday, May 16th. Chevron’s dividend payout ratio (DPR) is presently 59.98%.

Wall Street Analysts Forecast Growth

CVX has been the subject of several research reports. Piper Sandler raised their price target on shares of Chevron from $180.00 to $204.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Wells Fargo & Company raised their price target on shares of Chevron from $198.00 to $206.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. UBS Group raised their price target on shares of Chevron from $185.00 to $197.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Mizuho raised their price target on shares of Chevron from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Chevron in a research note on Monday, April 1st. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $186.95.

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.