Foster Dykema Cabot & Co. Inc. MA lowered its holdings in shares of Chevron Corporation (NYSE:CVX) by 3.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,408 shares of the company’s stock after selling 80 shares during the period. Foster Dykema Cabot & Co. Inc. MA’s holdings in Chevron Corporation were worth $251,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Harbour Capital Advisors LLC raised its stake in Chevron Corporation by 10,213.3% during the second quarter. Harbour Capital Advisors LLC now owns 5,709,042 shares of the company’s stock worth $54,721,000 after buying an additional 5,653,686 shares during the last quarter. State Street Corp raised its stake in Chevron Corporation by 1.1% during the first quarter. State Street Corp now owns 118,769,549 shares of the company’s stock worth $12,752,287,000 after buying an additional 1,261,078 shares during the last quarter. Boston Partners raised its stake in Chevron Corporation by 17.9% during the second quarter. Boston Partners now owns 7,147,113 shares of the company’s stock worth $745,659,000 after buying an additional 1,084,757 shares during the last quarter. First Trust Advisors LP raised its stake in Chevron Corporation by 204.4% during the second quarter. First Trust Advisors LP now owns 1,373,511 shares of the company’s stock worth $143,298,000 after buying an additional 922,316 shares during the last quarter. Finally, Karp Capital Management Corp bought a new position in Chevron Corporation during the first quarter worth $77,388,000. 63.03% of the stock is owned by hedge funds and other institutional investors.
In other Chevron Corporation news, Vice Chairman Michael K. Wirth sold 1,229 shares of Chevron Corporation stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of C$118.00, for a total value of C$145,022.00. Following the sale, the insider now owns 1,229 shares of the company’s stock, valued at C$145,022. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Linnet F. Deily sold 2,312 shares of Chevron Corporation stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of C$107.38, for a total transaction of C$248,262.56. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 50,000 shares of company stock worth $6,590 and sold 29,041 shares worth $3,453,285. Insiders own 0.38% of the company’s stock.
A number of equities research analysts have commented on the stock. Piper Jaffray Companies restated a “buy” rating on shares of Chevron Corporation in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Chevron Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. BNP Paribas upgraded shares of Chevron Corporation from an “underperform” rating to a “neutral” rating and set a $105.00 price target for the company in a report on Monday, August 7th. TheStreet cut shares of Chevron Corporation from a “b” rating to a “c+” rating in a report on Friday, July 28th. Finally, BidaskClub upgraded shares of Chevron Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of C$120.63.
Chevron Corporation (CVX) opened at C$117.18 on Monday. Chevron Corporation has a twelve month low of C$102.55 and a twelve month high of C$120.89. The firm has a market cap of $222,568.64, a PE ratio of 32.82, a P/E/G ratio of 3.91 and a beta of 1.22. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.23.
Chevron Corporation (NYSE:CVX) last released its quarterly earnings results on Friday, October 27th. The company reported C$1.03 earnings per share for the quarter, topping the consensus estimate of C$0.99 by C$0.04. The business had revenue of C$36.21 billion for the quarter, compared to analysts’ expectations of C$34.06 billion. Chevron Corporation had a net margin of 4.79% and a return on equity of 4.59%. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.68 earnings per share. analysts predict that Chevron Corporation will post 4.28 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 17th will be given a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.69%. The ex-dividend date is Thursday, November 16th. Chevron Corporation’s dividend payout ratio is 125.95%.
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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