Kera Capital Partners Inc. Acquires New Shares in Chevron Co. (NYSE:CVX)

Kera Capital Partners Inc. bought a new stake in Chevron Co. (NYSE:CVX) during the first quarter, Holdings Channel reports. The institutional investor bought 1,220 shares of the oil and gas company’s stock, valued at approximately $204,000.

Other hedge funds also recently bought and sold shares of the company. Marcum Wealth LLC lifted its holdings in shares of Chevron by 1.5% during the 1st quarter. Marcum Wealth LLC now owns 17,823 shares of the oil and gas company’s stock valued at $2,982,000 after buying an additional 266 shares during the last quarter. Trust Co of the South raised its position in Chevron by 25.7% during the first quarter. Trust Co of the South now owns 2,266 shares of the oil and gas company’s stock valued at $379,000 after acquiring an additional 464 shares in the last quarter. Modus Advisors LLC raised its position in Chevron by 2.0% during the first quarter. Modus Advisors LLC now owns 19,432 shares of the oil and gas company’s stock valued at $3,251,000 after acquiring an additional 389 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Chevron by 3.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 316,338 shares of the oil and gas company’s stock valued at $52,920,000 after acquiring an additional 9,408 shares during the last quarter. Finally, Fire Capital Management LLC bought a new stake in Chevron in the fourth quarter worth approximately $598,000. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron Price Performance

NYSE CVX opened at $137.89 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $142.47 and a 200 day simple moving average of $150.70. The company has a market cap of $240.81 billion, a P/E ratio of 14.19, a P/E/G ratio of 1.46 and a beta of 0.83. Chevron Co. has a 1 year low of $132.04 and a 1 year high of $168.96.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.03. Chevron had a net margin of 8.71% and a return on equity of 11.44%. The business had revenue of $47.61 billion during the quarter, compared to the consensus estimate of $49.05 billion. During the same period in the prior year, the firm earned $2.93 EPS. Chevron’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, sell-side analysts predict that Chevron Co. will post 10.79 EPS for the current year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be issued a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date of this dividend is Monday, May 19th. Chevron’s dividend payout ratio (DPR) is presently 78.17%.

Analysts Set New Price Targets

Several research firms have commented on CVX. Truist Financial decreased their target price on shares of Chevron from $164.00 to $160.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. Redburn Atlantic reissued a “sell” rating and issued a $124.00 target price (down from $156.00) on shares of Chevron in a research report on Wednesday, April 23rd. Mizuho decreased their target price on shares of Chevron from $188.00 to $186.00 and set an “outperform” rating for the company in a research report on Tuesday, May 13th. Wells Fargo & Company decreased their target price on shares of Chevron from $173.00 to $164.00 and set an “overweight” rating for the company in a research report on Monday, May 5th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $175.00 target price on shares of Chevron in a research report on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $160.24.

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.