Chevron Corporation (CVX) Position Raised by Windward Capital Management Co. CA

Windward Capital Management Co. CA boosted its position in shares of Chevron Corporation (NYSE:CVX) by 9.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,938 shares of the oil and gas company’s stock after buying an additional 707 shares during the period. Windward Capital Management Co. CA’s holdings in Chevron Corporation were worth $828,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CVX. Norges Bank purchased a new position in Chevron Corporation during the fourth quarter worth $2,183,692,000. Asset Management One Co. Ltd. raised its position in Chevron Corporation by 1,003.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 3,341,628 shares of the oil and gas company’s stock worth $393,351,000 after buying an additional 3,038,922 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in Chevron Corporation by 17,780.6% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,445,527 shares of the oil and gas company’s stock worth $2,445,000 after buying an additional 2,431,850 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Chevron Corporation during the fourth quarter worth $179,172,000. Finally, State Street Corp raised its position in Chevron Corporation by 1.1% in 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 during the last quarter. 62.58% of the stock is currently owned by institutional investors.

Shares of Chevron Corporation (NYSE CVX) traded down 0.05% on Monday, reaching $110.05. 624,055 shares of the company’s stock were exchanged. The company’s 50 day moving average is $105.21 and its 200-day moving average is $107.91. The stock has a market cap of $208.50 billion, a price-to-earnings ratio of 35.68 and a beta of 1.23. Chevron Corporation has a one year low of $97.53 and a one year high of $119.00.

Chevron Corporation (NYSE:CVX) last issued its earnings results on Friday, July 28th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.02. The company had revenue of $34.48 billion during the quarter, compared to analysts’ expectations of $32.77 billion. Chevron Corporation had a return on equity of 4.13% and a net margin of 4.50%. The firm’s quarterly revenue was up 17.8% on a year-over-year basis. During the same period in the prior year, the business earned ($0.78) EPS. On average, analysts anticipate that Chevron Corporation will post $3.75 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 18th will be issued a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend is Wednesday, August 16th. Chevron Corporation’s payout ratio is currently 140.26%.

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A number of analysts recently issued reports on CVX shares. BidaskClub downgraded shares of Chevron Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. HSBC Holdings plc upgraded shares of Chevron Corporation from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $124.00 to $119.00 in a report on Monday, June 5th. They noted that the move was a valuation call. TheStreet upgraded shares of Chevron Corporation from a “c” rating to a “b” rating in a report on Tuesday, May 2nd. Vetr upgraded shares of Chevron Corporation from a “buy” rating to a “strong-buy” rating and set a $120.46 price objective for the company in a report on Friday, April 14th. Finally, Macquarie downgraded shares of Chevron Corporation from an “outperform” rating to a “neutral” rating and set a $105.00 target price for the company. in a research note on Wednesday, June 21st. Four analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Chevron Corporation currently has an average rating of “Hold” and a consensus price target of $115.97.

In other Chevron Corporation news, insider James William Johnson sold 31,000 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $110.68, for a total value of $3,431,080.00. Following the completion of the sale, the insider now directly owns 11,000 shares in the company, valued at approximately $1,217,480. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Patricia E. Yarrington sold 39,000 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $111.00, for a total value of $4,329,000.00. Following the completion of the transaction, the chief financial officer now directly owns 43,838 shares in the company, valued at approximately $4,866,018. The disclosure for this sale can be found here. 0.38% of the stock is owned by corporate insiders.

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.