Bard Financial Services Inc. Has $10.50 Million Stake in Chevron Co. (NYSE:CVX)

Bard Financial Services Inc. decreased its stake in Chevron Co. (NYSE:CVX) by 0.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,745 shares of the oil and gas company’s stock after selling 375 shares during the quarter. Chevron accounts for about 0.8% of Bard Financial Services Inc.’s portfolio, making the stock its 28th largest position. Bard Financial Services Inc.’s holdings in Chevron were worth $10,502,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Everett Harris & Co. CA lifted its stake in Chevron by 0.9% in the first quarter. Everett Harris & Co. CA now owns 531,599 shares of the oil and gas company’s stock valued at $86,736,000 after buying an additional 4,984 shares during the period. Steph & Co. raised its position in shares of Chevron by 6.3% during the first quarter. Steph & Co. now owns 4,943 shares of the oil and gas company’s stock worth $806,000 after purchasing an additional 295 shares during the period. Inspire Advisors LLC raised its position in shares of Chevron by 2.2% during the first quarter. Inspire Advisors LLC now owns 5,360 shares of the oil and gas company’s stock worth $875,000 after purchasing an additional 114 shares during the period. Fiduciary Alliance LLC raised its position in shares of Chevron by 6.0% during the first quarter. Fiduciary Alliance LLC now owns 43,070 shares of the oil and gas company’s stock worth $7,027,000 after purchasing an additional 2,447 shares during the period. Finally, WC Walker & Associates Inc. raised its position in shares of Chevron by 12.3% during the fourth quarter. WC Walker & Associates Inc. now owns 3,099 shares of the oil and gas company’s stock worth $497,000 after purchasing an additional 340 shares during the period. Institutional investors and hedge funds own 68.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CVX shares. StockNews.com started coverage on Chevron in a research report on Thursday, August 17th. They set a “hold” rating on the stock. JPMorgan Chase & Co. raised Chevron from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $161.00 to $170.00 in a research report on Wednesday, May 31st. Piper Sandler dropped their price target on Chevron from $196.00 to $188.00 in a research report on Tuesday, June 13th. UBS Group increased their price objective on Chevron from $202.00 to $209.00 and gave the stock a “buy” rating in a report on Thursday, August 17th. Finally, Morgan Stanley increased their price objective on Chevron from $197.00 to $198.00 and gave the stock an “equal weight” rating in a report on Friday, August 18th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $190.61.

Chevron Stock Up 0.4 %

CVX stock opened at $167.22 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.43 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average price of $160.80 and a two-hundred day moving average price of $160.15. The company has a market cap of $312.24 billion, a price-to-earnings ratio of 10.60, a P/E/G ratio of 0.88 and a beta of 1.18. Chevron Co. has a twelve month low of $140.46 and a twelve month high of $189.68.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, July 28th. The oil and gas company reported $3.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.95 by $0.13. Chevron had a return on equity of 19.48% and a net margin of 13.54%. The firm had revenue of $48.90 billion during the quarter, compared to the consensus estimate of $48 billion. During the same period last year, the company earned $5.82 earnings per share. The business’s revenue was down 28.9% compared to the same quarter last year. Analysts anticipate that Chevron Co. will post 13.23 EPS for the current fiscal year.

Chevron Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, August 18th were given a $1.51 dividend. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 3.61%. Chevron’s payout ratio is 38.30%.

Insider Activity

In other news, CFO Pierre R. Breber sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $164.00, for a total value of $4,100,000.00. Following the completion of the sale, the chief financial officer now directly owns 6,021 shares of the company’s stock, valued at $987,444. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Pierre R. Breber sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $164.00, for a total value of $4,100,000.00. Following the completion of the sale, the chief financial officer now directly owns 6,021 shares of the company’s stock, valued at $987,444. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Jeff B. Gustavson sold 3,750 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $160.88, for a total value of $603,300.00. Following the completion of the sale, the vice president now directly owns 1,718 shares of the company’s stock, valued at $276,391.84. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

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; liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and processing, transportation, storage, and marketing of natural gas, as well as a gas-to-liquids plant.