Bronfman E.L. Rothschild L.P. grew its stake in shares of Chevron Corporation (NYSE:CVX) by 59.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,067 shares of the oil and gas company’s stock after buying an additional 9,761 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in Chevron were worth $2,720,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Shine Investment Advisory Services Inc. bought a new stake in shares of Chevron in the second quarter worth $106,000. Thompson Davis & CO. Inc. grew its stake in shares of Chevron 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 purchasing an additional 191 shares during the last quarter. Winfield Associates Inc. grew its stake in shares of Chevron 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 purchasing an additional 63 shares during the last quarter. Daiwa SB Investments Ltd. grew its stake in shares of Chevron 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 purchasing an additional 1,140 shares during the last quarter. Finally, New Capital Management LP grew its stake in shares of Chevron 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 purchasing an additional 4 shares during the last quarter. 63.93% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Vice Chairman Michael K. Wirth sold 1,229 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $118.00, for a total transaction of $145,022.00. Following the transaction, the insider now owns 1,229 shares in the company, valued at $145,022. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Patricia E. Yarrington sold 13,143 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $115.01, for a total transaction of $1,511,576.43. Following the transaction, the chief financial officer now owns 17,981 shares in the company, valued at approximately $2,067,994.81. The disclosure for this sale can be found here. Insiders have sold 314,000 shares of company stock worth $36,540,822 in the last quarter. Company insiders own 0.38% of the company’s stock.
Chevron Corporation (NYSE:CVX) opened at $120.36 on Wednesday. Chevron Corporation has a fifty-two week low of $102.55 and a fifty-two week high of $122.30. The firm has a market cap of $229,520.33, a PE ratio of 33.85, a PEG ratio of 3.94 and a beta of 1.21. 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 (NYSE:CVX) last announced its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.04. Chevron had a net margin of 4.79% and a return on equity of 4.59%. The firm had revenue of $36.21 billion for 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. sell-side analysts forecast that Chevron Corporation will post 4.38 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 17th will be issued a dividend of $1.08 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $4.32 annualized dividend and a dividend yield of 3.59%. Chevron’s dividend payout ratio is currently 125.95%.
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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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