S. R. Schill & Associates cut its stake in Chevron Corporation (NYSE:CVX) by 6.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,616 shares of the oil and gas company’s stock after selling 540 shares during the period. S. R. Schill & Associates’ holdings in Chevron Corporation were worth $818,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Thompson Davis & CO. Inc. raised 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 valued at $123,000 after buying an additional 191 shares during the period. Patriot Financial Group Insurance Agency LLC bought a new stake in Chevron Corporation during the fourth quarter valued at $139,000. Americafirst Capital Management LLC bought a new stake in Chevron Corporation during the first quarter valued at $140,000. Tortoise Investment Management LLC raised its stake in Chevron Corporation by 46.4% in the fourth quarter. Tortoise Investment Management LLC now owns 1,329 shares of the oil and gas company’s stock valued at $156,000 after buying an additional 421 shares during the period. Finally, New Capital Management LP raised 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 valued at $156,000 after buying an additional 4 shares during the period. Hedge funds and other institutional investors own 62.75% of the company’s stock.
Chevron Corporation (NYSE:CVX) traded up 0.53% during trading on Friday, reaching $106.48. The company’s stock had a trading volume of 5,467,369 shares. The firm has a 50 day moving average price of $106.43 and a 200-day moving average price of $107.47. The stock has a market cap of $201.78 billion, a price-to-earnings ratio of 34.53 and a beta of 1.23. Chevron Corporation has a 52-week low of $97.53 and a 52-week high of $119.00.
Chevron Corporation (NYSE:CVX) last released its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.02. Chevron Corporation had a return on equity of 4.13% and a net margin of 4.50%. The firm had revenue of $34.48 billion for the quarter, compared to analyst estimates of $32.77 billion. During the same quarter in the previous year, the company posted ($0.78) EPS. The business’s revenue was up 17.8% on a year-over-year basis. On average, analysts expect that Chevron Corporation will post $3.81 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 18th will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend is Wednesday, August 16th. Chevron Corporation’s dividend payout ratio is 140.26%.
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A number of research analysts have recently commented on CVX shares. Citigroup Inc. cut their price target on Chevron Corporation from $129.00 to $118.00 and set a “buy” rating for the company in a report on Friday, July 21st. BMO Capital Markets set a $120.00 price target on Chevron Corporation and gave the stock a “buy” rating in a report on Sunday, July 30th. Exane BNP Paribas lowered Chevron Corporation from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $105.00 to $100.00 in a report on Friday, May 26th. BidaskClub upgraded Chevron Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, TheStreet lowered Chevron Corporation from a “b” rating to a “c+” rating in a report on Friday, July 28th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Chevron Corporation presently has a consensus rating of “Buy” and a consensus target price of $116.80.
In other news, Director Linnet F. Deily sold 2,312 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $107.38, for a total value of $248,262.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Patricia E. Yarrington sold 39,000 shares of the business’s stock in a transaction dated 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 $4,866,018. The disclosure for this sale can be found here. Insiders sold a total of 72,312 shares of company stock worth $8,008,343 over the last three months. 0.38% of the stock is owned by company insiders.
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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