M Holdings Securities Inc. Makes New Investment in Chevron Corporation $CVX

M Holdings Securities Inc. purchased a new stake in shares of Chevron Corporation (NYSE:CVX) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 38,276 shares of the oil and gas company’s stock, valued at approximately $8,542,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Main Street Group LTD bought a new position in Chevron in the 1st quarter valued at about $28,000. Kilter Group LLC acquired a new position in Chevron during the 2nd quarter valued at about $28,000. Principia Wealth Advisory LLC raised its position in shares of Chevron by 49.6% during the 2nd quarter. Principia Wealth Advisory LLC now owns 181 shares of the oil and gas company’s stock worth $30,000 after buying an additional 60 shares in the last quarter. Legacy Wealth Managment LLC ID raised its position in shares of Chevron by 81.8% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 220 shares of the oil and gas company’s stock worth $46,000 after buying an additional 99 shares in the last quarter. Finally, Strategic Wealth Advisors LLC bought a new stake in shares of Chevron during the 2nd quarter worth about $33,000. 72.42% of the stock is currently owned by institutional investors.

Chevron Stock Up 0.0%

CVX stock opened at $212.66 on Monday. Chevron Corporation has a 12 month low of $146.49 and a 12 month high of $236.48. The firm has a market cap of $420.17 billion, a PE ratio of 15.56, a P/E/G ratio of 0.50 and a beta of 0.47. The firm has a 50 day simple moving average of $214.91 and a 200 day simple moving average of $194.40. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.34 and a quick ratio of 1.07.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, October 30th. The oil and gas company reported $5.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.87 by $0.41. The company had revenue of $65.24 billion for the quarter, compared to analysts’ expectations of $61.82 billion. Chevron had a return on equity of 14.49% and a net margin of 11.56%. The firm’s revenue was up 36.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.85 earnings per share. Equities research analysts forecast that Chevron Corporation will post 18.56 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 18th will be paid a dividend of $1.78 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $7.12 annualized dividend and a dividend yield of 3.3%. Chevron’s dividend payout ratio (DPR) is currently 52.08%.

Analyst Ratings Changes

Several research firms have recently issued reports on CVX. Wall Street Zen upgraded shares of Chevron from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. BMO Capital Markets raised their price objective on shares of Chevron from $210.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, September 3rd. Jefferies Financial Group boosted their target price on Chevron from $216.00 to $233.00 and gave the stock a “buy” rating in a report on Monday, August 17th. Piper Sandler boosted their target price on Chevron from $207.00 to $243.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Finally, Argus upped their target price on Chevron from $206.00 to $211.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $221.88.

Insider Transactions at Chevron

In related news, insider Andrew Walz sold 16,800 shares of Chevron stock in a transaction on Monday, August 17th. The stock was sold at an average price of $201.06, for a total value of $3,377,808.00. Following the transaction, the insider directly owned 14 shares in the company, valued at $2,814.84. The trade was a 99.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael Wirth sold 317,100 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $200.46, for a total value of $63,565,866.00. Following the sale, the chief executive officer owned 26,308 shares in the company, valued at approximately $5,273,701.68. The trade was a 92.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 379,470 shares of company stock valued at $77,216,415 in the last three months. 0.56% of the stock is currently owned by corporate insiders.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron was upgraded by Freedom Broker from “sell” to “hold,” with a $218 price target. The change signals less bearishness, though the target implies only modest upside from the cited share price. Freedom Broker rating
• Positive Sentiment: Natural-gas production topped 9 billion cubic feet per day in the third quarter, supported by operations in Australia and the Eastern Mediterranean. Record output could strengthen Chevron’s position in the liquefied natural gas market, despite operational disruptions. Zacks article on gas production
• Positive Sentiment: Recent coverage points to record cash flow and a run of earnings beats as reasons to consider CVX for the long term. Chevron’s latest reported quarter also exceeded analyst expectations for earnings and revenue, supporting the fundamental case. 247WallSt analysis
• Neutral Sentiment: An executive reported selling 24,439 shares in an option exercise-and-sale transaction. The report alone does not establish a change in the company’s outlook. Insider transaction report
• Negative Sentiment: Coverage says a post-election political shift sent oil prices lower, dragging energy stocks, including Chevron. A separate analyst downgrade also contributed to reported share-price pressure, highlighting sensitivity to oil-market expectations and cautious ratings. Report on analyst downgrade

Chevron Company Profile

Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.

The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.