LeJeune Puetz Investment Counsel LLC continued to hold its stake in shares of Chevron Corporation (NYSE:CVX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,223 shares of the oil and gas company’s stock at the close of the second quarter. LeJeune Puetz Investment Counsel LLC’s holdings in Chevron Corporation were worth $441,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Thompson Davis & CO. Inc. grew its holdings in Chevron Corporation by 20.0% during 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 purchasing an additional 191 shares during the period. Daiwa SB Investments Ltd. grew its holdings in Chevron Corporation by 438.5% during the second quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock valued at $146,000 after purchasing an additional 1,140 shares during the period. New Capital Management LP grew its holdings in Chevron Corporation by 0.3% during 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 purchasing an additional 4 shares during the period. Marshall & Sullivan Inc. WA grew its holdings in Chevron Corporation by 8.8% during the first quarter. Marshall & Sullivan Inc. WA now owns 1,985 shares of the oil and gas company’s stock valued at $213,000 after purchasing an additional 160 shares during the period. Finally, Harwood Advisory Group LLC grew its holdings in Chevron Corporation by 22.0% during the first quarter. Harwood Advisory Group LLC now owns 2,137 shares of the oil and gas company’s stock valued at $229,000 after purchasing an additional 386 shares during the period. 62.73% of the stock is owned by institutional investors and hedge funds.
Chevron Corporation (CVX) traded up 0.5508% during midday trading on Wednesday, reaching $119.4543. The company’s stock had a trading volume of 1,675,521 shares. The firm has a market cap of $226.37 billion, a P/E ratio of 38.7839 and a beta of 1.24. Chevron Corporation has a one year low of $99.61 and a one year high of $119.82. The firm has a 50 day moving average price of $113.58 and a 200 day moving average price of $108.06.
Chevron Corporation (NYSE:CVX) last announced its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.89 by $0.02. The business had revenue of $34.48 billion for the quarter, compared to analysts’ expectations of $32.77 billion. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. The business’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.78) EPS. Equities research analysts forecast that Chevron Corporation will post $3.99 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, August 18th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 3.64%. The ex-dividend date was Wednesday, August 16th. Chevron Corporation’s dividend payout ratio is 140.26%.
In other news, insider James William Johnson sold 31,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $110.68, for a total transaction of $3,431,080.00. Following 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 disclosure for this sale can be found here. Insiders have sold a total of 72,312 shares of company stock worth $8,008,343 over the last 90 days. Corporate insiders own 0.38% of the company’s stock.
CVX has been the subject of several research reports. BidaskClub raised Chevron Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Vetr raised Chevron Corporation from a “buy” rating to a “strong-buy” rating and set a $120.37 price objective for the company in a report on Thursday, June 15th. Macquarie lowered Chevron Corporation from an “outperform” rating to a “neutral” rating and set a $105.00 price objective for the company. in a report on Wednesday, June 21st. BMO Capital Markets set a $130.00 price objective on Chevron Corporation and gave the company a “buy” rating in a report on Thursday, June 22nd. Finally, Jefferies Group LLC set a $135.00 price objective on Chevron Corporation and gave the company a “buy” rating in a report on Saturday, June 24th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Chevron Corporation has a consensus rating of “Buy” and an average target price of $117.07.
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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