Savant Capital LLC decreased its holdings in Chevron Corporation (NYSE:CVX) by 7.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,616 shares of the oil and gas company’s stock after selling 1,229 shares during the quarter. Savant Capital LLC’s holdings in Chevron Corporation were worth $1,629,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Shine Investment Advisory Services Inc. purchased a new stake in Chevron Corporation in the second quarter worth $106,000. Thompson Davis & CO. Inc. lifted its stake in Chevron Corporation by 20.0% in the first quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock worth $123,000 after acquiring an additional 191 shares during the period. Winfield Associates Inc. lifted its stake in Chevron Corporation by 5.1% in the second quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock worth $136,000 after acquiring an additional 63 shares during the period. Daiwa SB Investments Ltd. lifted its stake in Chevron Corporation by 438.5% in the second quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after acquiring an additional 1,140 shares during the period. Finally, New Capital Management LP lifted its stake in Chevron Corporation by 0.3% in the first quarter. New Capital Management LP now owns 1,455 shares of the oil and gas company’s stock worth $156,000 after acquiring an additional 4 shares during the period. 63.03% of the stock is owned by institutional investors.
Shares of Chevron Corporation (NYSE:CVX) opened at $116.45 on Thursday. The stock has a market capitalization of $222,074.80, a PE ratio of 32.75, a price-to-earnings-growth ratio of 3.91 and a beta of 1.22. Chevron Corporation has a 52 week low of $102.55 and a 52 week high of $120.89. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.04.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 17th will be paid a dividend of $1.08 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.71%. Chevron Corporation’s dividend payout ratio is currently 125.95%.
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Several equities analysts have commented on CVX shares. Piper Jaffray Companies reissued a “buy” rating on shares of Chevron Corporation in a research report on Thursday, August 3rd. Zacks Investment Research raised Chevron Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. BNP Paribas raised Chevron Corporation from an “underperform” rating to a “neutral” rating and set a $105.00 price objective for the company in a research report on Monday, August 7th. TheStreet lowered Chevron Corporation from a “b” rating to a “c+” rating in a research report on Friday, July 28th. Finally, BidaskClub raised Chevron Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $120.63.
In other Chevron Corporation news, insider Pierre R. Breber sold 23,250 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $116.85, for a total transaction of $2,716,762.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP R. Hewitt Pate sold 25,500 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $120.00, for a total value of $3,060,000.00. Following the sale, the vice president now owns 25,500 shares of the company’s stock, valued at $3,060,000. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 50,000 shares of company stock valued at $6,590 and have sold 49,979 shares valued at $5,921,785. Insiders own 0.38% of the company’s stock.
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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