Dividend Assets Capital LLC decreased its position in Chevron Corporation (NYSE:CVX) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,342 shares of the oil and gas company’s stock after selling 40 shares during the period. Dividend Assets Capital LLC’s holdings in Chevron Corporation were worth $1,183,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of CVX. Harbour Capital Advisors LLC boosted its holdings in Chevron Corporation by 10,213.3% during the second quarter. Harbour Capital Advisors LLC now owns 5,709,042 shares of the oil and gas company’s stock worth $54,721,000 after buying an additional 5,653,686 shares in the last quarter. State Street Corp boosted its holdings in Chevron Corporation by 1.1% during the first quarter. State Street Corp now owns 118,769,549 shares of the oil and gas company’s stock worth $12,752,287,000 after buying an additional 1,261,078 shares in the last quarter. Boston Partners boosted its holdings in Chevron Corporation by 17.9% during the second quarter. Boston Partners now owns 7,147,113 shares of the oil and gas company’s stock worth $745,659,000 after buying an additional 1,084,757 shares in the last quarter. First Trust Advisors LP boosted its holdings in Chevron Corporation by 204.4% during the second quarter. First Trust Advisors LP now owns 1,373,511 shares of the oil and gas company’s stock worth $143,298,000 after buying an additional 922,316 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new stake in Chevron Corporation during the first quarter worth about $77,388,000. 63.03% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Chevron Corporation (CVX) opened at $117.23 on Tuesday. Chevron Corporation has a 52-week low of $102.55 and a 52-week high of $120.89. The stock has a market cap of $222,568.64, a price-to-earnings ratio of 32.82, a PEG ratio of 3.91 and a beta of 1.22. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.23.
Chevron Corporation (NYSE:CVX) last released its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.04. Chevron Corporation had a net margin of 4.79% and a return on equity of 4.59%. The company had revenue of $36.21 billion during the quarter, compared to analyst estimates of $34.06 billion. During the same quarter in the prior year, the business earned $0.68 earnings per share. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. research analysts forecast that Chevron Corporation will post 4.28 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 17th will be paid a $1.08 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $4.32 annualized dividend and a dividend yield of 3.69%. Chevron Corporation’s dividend payout ratio (DPR) is presently 125.95%.
In other news, Vice Chairman Michael K. Wirth sold 1,229 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $118.00, for a total value of $145,022.00. Following the completion of the transaction, the insider now directly owns 1,229 shares in the company, valued at $145,022. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Linnet F. Deily sold 2,312 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were 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. Over the last 90 days, insiders bought 50,000 shares of company stock valued at $6,590 and sold 29,041 shares valued at $3,453,285. 0.38% of the stock is currently owned by corporate insiders.
A number of research firms recently commented on CVX. BMO Capital Markets downgraded shares of Chevron Corporation from an “outperform” rating to a “market perform” rating and set a $120.00 price objective on the stock. in a report on Wednesday, October 18th. They noted that the move was a valuation call. Societe Generale downgraded shares of Chevron Corporation from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $120.00 to $130.00 in a report on Wednesday, October 18th. Morgan Stanley boosted their price objective on shares of Chevron Corporation from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Vetr downgraded shares of Chevron Corporation from a “buy” rating to a “hold” rating and set a $124.92 price target on the stock. in a report on Monday, October 16th. Finally, Macquarie raised shares of Chevron Corporation from a “neutral” rating to an “outperform” rating and set a $135.00 price target on the stock in a report on Tuesday, October 17th. Three 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 stock. The company currently has a consensus rating of “Buy” and a consensus price target of $120.63.
Chevron Corporation Company Profile
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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