Dakota Wealth Management Purchases 10,822 Shares of Chevron Corporation $CVX

Core Viewpoint - Institutional investors are increasing their stakes in Chevron Corporation, indicating confidence in the company's future performance and stability [2][3]. Institutional Holdings - Dakota Wealth Management raised its position in Chevron by 14.9% in Q4, acquiring an additional 10,822 shares, bringing its total to 83,265 shares valued at $12.69 million [2]. - United Bank increased its holdings by 7.7% in Q2, now owning 11,079 shares worth $1.586 million after acquiring 796 shares [3]. - Schnieders Capital Management raised its position by 9.0% in Q2, owning 50,839 shares valued at $7.28 million after acquiring 4,214 shares [3]. - Clarkston Capital Partners lifted its position by 41.8% in Q2, now owning 18,474 shares valued at $2.645 million after acquiring 5,450 shares [3]. - Northwestern Mutual Wealth Management increased its position by 2.4% in Q2, owning 652,618 shares valued at $93.448 million after acquiring 15,560 shares [3]. - Patrick M Sweeney & Associates boosted its stake by 3.9% in Q2, now owning 3,635 shares valued at $539,000 after purchasing 135 shares [3]. - Institutional investors and hedge funds own 72.42% of Chevron's stock [3]. Price Performance - Chevron shares opened at $211.31, with a 12-month low of $132.04 and a high of $212.46 [4]. - The stock's 50-day moving average is $185.52, and the 200-day moving average is $165.14 [4]. - Chevron has a market capitalization of $421.64 billion, a PE ratio of 31.73, a PEG ratio of 1.73, and a beta of 0.67 [4]. - The company has a quick ratio of 0.86, a current ratio of 1.15, and a debt-to-equity ratio of 0.21 [4]. Financial Performance - Chevron reported $1.52 EPS for the last quarter, exceeding analysts' estimates of $1.44 by $0.08 [5]. - The company had revenue of $45.79 billion for the quarter, below analyst estimates of $48.18 billion, representing a 10.2% decrease compared to the same quarter last year [5]. - The return on equity was 7.89%, and the net margin was 6.51% [5]. - Analysts anticipate Chevron will post an EPS of 10.79 for the current year [5]. Dividend Information - Chevron declared a quarterly dividend of $1.78, an increase from the previous $1.71 [6]. - This represents an annualized dividend of $7.12 and a dividend yield of 3.4% [6]. - The payout ratio is currently 106.91% [6]. Insider Activity - CFO Eimear P. Bonner sold 32,100 shares at an average price of $175.01, totaling $5.62 million, reducing ownership by 88.03% [7][8]. - Insider R. Hewitt Pate sold 58,000 shares at an average price of $188.65, totaling $10.94 million, reducing ownership by 87.14% [7][8]. - In the last ninety days, insiders have sold a total of 1,099,397 shares worth $196.20 million [8]. Analyst Ratings - Wall Street Zen upgraded Chevron from "sell" to "hold" [9]. - Scotiabank reaffirmed a "sector perform" rating with a target price of $168.00 [9]. - Argus set a price target of $203.00 [9]. - Jefferies Financial Group increased its target from $174.00 to $189.00, maintaining a "buy" rating [9]. - BMO Capital Markets restated an "outperform" rating with a target of $190.00 [9]. - Chevron has an average rating of "hold" with a consensus price target of $186.50 [9].