LVM Capital Management Ltd. MI Acquires 590 Shares of Chevron Corporation (CVX)

LVM Capital Management Ltd. MI increased its holdings in shares of Chevron Corporation (NYSE:CVX) by 2.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,510 shares of the oil and gas company’s stock after purchasing an additional 590 shares during the period. LVM Capital Management Ltd. MI’s holdings in Chevron Corporation were worth $2,974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of CVX. Farmers & Merchants Trust Co of Chambersburg PA grew its position in Chevron Corporation by 4.1% during the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 28,128 shares of the oil and gas company’s stock valued at $2,935,000 after buying an additional 1,100 shares during the period. Mn Services Vermogensbeheer B.V. grew its position in Chevron Corporation by 515.4% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 310,484 shares of the oil and gas company’s stock valued at $32,393,000 after buying an additional 260,030 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its position in Chevron Corporation by 1.3% during the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 50,147 shares of the oil and gas company’s stock valued at $5,232,000 after buying an additional 661 shares during the period. Woodstock Corp grew its position in Chevron Corporation by 16.6% during the second quarter. Woodstock Corp now owns 6,866 shares of the oil and gas company’s stock valued at $716,000 after buying an additional 980 shares during the period. Finally, Buffington Mohr McNeal grew its position in Chevron Corporation by 18.5% during the second quarter. Buffington Mohr McNeal now owns 19,491 shares of the oil and gas company’s stock valued at $2,033,000 after buying an additional 3,045 shares during the period. 62.73% of the stock is owned by hedge funds and other institutional investors.

Chevron Corporation (NYSE CVX) traded up 0.5508% during midday trading on Wednesday, hitting $119.4543. 1,675,521 shares of the stock were exchanged. Chevron Corporation has a 12-month low of $99.61 and a 12-month high of $119.82. The stock has a market cap of $226.37 billion, a price-to-earnings ratio of 38.7839 and a beta of 1.24. The firm has a 50 day moving average of $113.58 and a 200-day moving average of $108.06.

Chevron Corporation (NYSE:CVX) last released its earnings results on Friday, July 28th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.02. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. The business had revenue of $34.48 billion for the quarter, compared to analysts’ expectations of $32.77 billion. During the same period last year, the company earned ($0.78) earnings per share. The company’s quarterly revenue was up 17.8% on a year-over-year basis. On average, equities analysts expect that Chevron Corporation will post $3.99 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 18th were given a $1.08 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $4.32 annualized dividend and a dividend yield of 3.64%. Chevron Corporation’s dividend payout ratio is presently 140.26%.

In related news, insider James William Johnson sold 31,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $110.68, for a total value of $3,431,080.00. Following the sale, the insider now directly owns 11,000 shares of the company’s stock, valued at $1,217,480. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Linnet F. Deily sold 2,312 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $107.38, for a total transaction of $248,262.56. The disclosure for this sale can be found here. Insiders sold 72,312 shares of company stock worth $8,008,343 over the last three months. Corporate insiders own 0.38% of the company’s stock.

Several analysts recently commented on the stock. Barclays PLC upgraded shares of Chevron Corporation to an “overweight” rating in a research report on Wednesday. Jefferies Group LLC restated a “buy” rating and set a $130.00 price target on shares of Chevron Corporation in a research report on Tuesday, October 3rd. Wells Fargo & Company restated a “market perform” rating and set a $108.00 price target (up previously from $100.00) on shares of Chevron Corporation in a research report on Tuesday, October 3rd. Bank of America Corporation reiterated a “buy” rating and issued a $125.00 target price (up previously from $120.00) on shares of Chevron Corporation in a research report on Tuesday, October 3rd. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $123.00 target price (up previously from $118.00) on shares of Chevron Corporation in a research report on Tuesday, September 19th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Chevron Corporation has a consensus rating of “Buy” and an average price target of $117.07.

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About Chevron Corporation

Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream.

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Institutional Ownership by Quarter for Chevron Corporation (NYSE:CVX)

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