Dynamic Technology Lab Private Ltd purchased a new stake in shares of Chevron Corporation (NYSE:CVX) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,325 shares of the oil and gas company’s stock, valued at approximately $464,000.
Other institutional investors also recently made changes to their positions in the company. Roundview Capital LLC raised its stake in shares of Chevron Corporation by 0.6% in the fourth quarter. Roundview Capital LLC now owns 17,686 shares of the oil and gas company’s stock valued at $2,082,000 after buying an additional 100 shares during the period. Blenheim Capital Management BV purchased a new stake in shares of Chevron Corporation during the fourth quarter valued at about $246,000. Silvercrest Asset Management Group LLC increased its position in Chevron Corporation by 3.0% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 628,014 shares of the oil and gas company’s stock valued at $73,917,000 after buying an additional 18,358 shares in the last quarter. Zions Bancorporation increased its position in Chevron Corporation by 9.1% in the fourth quarter. Zions Bancorporation now owns 26,150 shares of the oil and gas company’s stock valued at $3,078,000 after buying an additional 2,186 shares in the last quarter. Finally, Intellectus Partners LLC bought a new position in Chevron Corporation during the fourth quarter valued at approximately $181,000. Institutional investors own 62.75% of the company’s stock.
Shares of Chevron Corporation (NYSE CVX) opened at 106.48 on Friday. The stock’s 50 day moving average is $106.43 and its 200-day moving average is $107.47. The stock has a market cap of $201.78 billion, a PE ratio of 34.53 and a beta of 1.23. Chevron Corporation has a 1-year low of $97.53 and a 1-year high of $119.00.
Chevron Corporation (NYSE:CVX) last released its earnings results on Friday, July 28th. The oil and gas company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.02. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. The firm had revenue of $34.48 billion during the quarter, compared to analyst estimates of $32.77 billion. During the same quarter in the previous year, the firm earned ($0.78) earnings per share. The firm’s revenue for the quarter was up 17.8% compared to the same quarter last year. On average, analysts predict that Chevron Corporation will post $3.81 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 18th will be given a dividend of $1.08 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $4.32 annualized dividend and a dividend yield of 4.06%. Chevron Corporation’s dividend payout ratio is currently 140.26%.
CVX has been the topic of a number of research analyst reports. Jefferies Group LLC set a $135.00 target price on Chevron Corporation and gave the stock a “buy” rating in a report on Saturday, June 24th. Barclays PLC reissued an “overweight” rating and issued a $125.00 price target (up from $116.00) on shares of Chevron Corporation in a research report on Wednesday, July 12th. BidaskClub cut Chevron Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Macquarie cut Chevron Corporation from an “outperform” rating to a “neutral” rating and set a $105.00 price objective on the stock. in a research report on Wednesday, June 21st. Finally, Zacks Investment Research cut Chevron Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $116.80.
In other Chevron Corporation news, Director Linnet F. Deily sold 2,312 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $107.38, for a total transaction of $248,262.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James William Johnson sold 31,000 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 11,000 shares in the company, valued at approximately $1,217,480. The disclosure for this sale can be found here. Insiders have sold 72,312 shares of company stock valued at $8,008,343 in the last 90 days. Insiders own 0.38% of the company’s stock.
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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