Alpine Woods Capital Investors LLC boosted its stake in Chevron Corporation (NYSE:CVX) by 2.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 97,086 shares of the oil and gas company’s stock after purchasing an additional 2,200 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in Chevron Corporation were worth $10,129,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of CVX. Shine Investment Advisory Services Inc. acquired a new position in shares of Chevron Corporation during the second quarter valued at about $106,000. Thompson Davis & CO. Inc. grew its holdings in shares of 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 buying an additional 191 shares during the last quarter. Winfield Associates Inc. grew its holdings in shares of Chevron Corporation by 5.1% during the second quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock valued at $136,000 after buying an additional 63 shares during the last quarter. Daiwa SB Investments Ltd. grew its holdings in shares of 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 buying an additional 1,140 shares during the last quarter. Finally, New Capital Management LP grew its holdings in shares of 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 buying an additional 4 shares during the last quarter. Institutional investors and hedge funds own 63.03% of the company’s stock.
Shares of Chevron Corporation (NYSE:CVX) opened at $116.92 on Wednesday. Chevron Corporation has a 12-month low of $102.55 and a 12-month high of $120.89. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 0.84. The stock has a market cap of $222,663.61, a P/E ratio of 32.84, a PEG ratio of 3.92 and a beta of 1.22.
Chevron Corporation (NYSE:CVX) last posted its quarterly earnings results on Friday, October 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.04. Chevron Corporation had a net margin of 4.79% and a return on equity of 4.59%. The company had revenue of $36.21 billion for the quarter, compared to analyst estimates of $34.06 billion. During the same quarter in the previous year, the firm posted $0.68 earnings per share. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. sell-side analysts expect that Chevron Corporation will post 4.28 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 17th will be given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Thursday, November 16th. Chevron Corporation’s dividend payout ratio (DPR) is currently 125.95%.
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CVX has been the subject of a number of analyst reports. TheStreet upgraded shares of Chevron Corporation from a “c+” rating to a “b” rating in a report on Monday, October 23rd. Piper Jaffray Companies set a $119.00 price objective on shares of Chevron Corporation and gave the company a “buy” rating in a report on Friday, August 25th. Credit Suisse Group set a $123.00 price objective on shares of Chevron Corporation and gave the company a “buy” rating in a report on Friday, August 25th. Jefferies Group LLC reiterated a “buy” rating and set a $135.00 price objective on shares of Chevron Corporation in a report on Wednesday, August 23rd. Finally, Citigroup Inc. dropped their price target on shares of Chevron Corporation from $129.00 to $118.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $120.63.
In other news, VP R. Hewitt Pate sold 25,500 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $120.00, for a total value of $3,060,000.00. Following the sale, the vice president now owns 25,500 shares of the company’s stock, valued at $3,060,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman Michael K. Wirth sold 1,229 shares of the business’s stock in a transaction that occurred on 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 directly owns 1,229 shares of the company’s stock, valued at approximately $145,022. The disclosure for this sale can be found here. In the last three months, insiders bought 50,000 shares of company stock worth $6,590. Insiders own 0.38% of the company’s stock.
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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