S. R. Schill & Associates cut its position in Chevron Corporation (NYSE:CVX) by 21.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,974 shares of the oil and gas company’s stock after selling 1,642 shares during the quarter. S. R. Schill & Associates’ holdings in Chevron Corporation were worth $623,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Rational Advisors LLC bought a new position in Chevron Corporation in the second quarter worth about $1,941,000. Pinnacle Financial Partners Inc. raised its holdings in Chevron Corporation by 38.7% in the second quarter. Pinnacle Financial Partners Inc. now owns 70,152 shares of the oil and gas company’s stock worth $7,319,000 after purchasing an additional 19,561 shares in the last quarter. Accredited Investors Inc. raised its holdings in Chevron Corporation by 1.3% in the second quarter. Accredited Investors Inc. now owns 4,413 shares of the oil and gas company’s stock worth $460,000 after purchasing an additional 56 shares in the last quarter. Alpine Woods Capital Investors LLC raised its holdings in Chevron Corporation by 2.3% in the second quarter. Alpine Woods Capital Investors LLC now owns 97,086 shares of the oil and gas company’s stock worth $10,129,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in Chevron Corporation by 5.7% in the second quarter. Advisors Asset Management Inc. now owns 284,419 shares of the oil and gas company’s stock worth $29,673,000 after purchasing an additional 15,368 shares in the last quarter. Institutional investors and hedge funds own 63.03% of the company’s stock.
In other news, VP R. Hewitt Pate sold 25,500 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $120.00, for a total transaction of $3,060,000.00. Following the completion of the transaction, the vice president now directly owns 25,500 shares of the company’s stock, valued at approximately $3,060,000. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman Michael K. Wirth sold 1,229 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $118.00, for a total value of $145,022.00. Following the transaction, the insider now directly owns 1,229 shares of the company’s stock, valued at $145,022. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 50,000 shares of company stock valued at $6,590. Corporate insiders own 0.38% of the company’s stock.
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Chevron Corporation (NYSE:CVX) opened at $116.92 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.04. The firm has a market capitalization 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 has a 52 week low of $102.55 and a 52 week high of $120.89.
Chevron Corporation (NYSE:CVX) last announced its earnings results on Friday, October 27th. The oil and gas company reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.04. The business had revenue of $36.21 billion during the quarter, compared to the consensus estimate of $34.06 billion. Chevron Corporation had a return on equity of 4.59% and a net margin of 4.79%. The business’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.68 EPS. research analysts anticipate that Chevron Corporation will post 4.28 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 17th will be paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend is Thursday, November 16th. Chevron Corporation’s payout ratio is 125.95%.
A number of brokerages have recently weighed in on CVX. Piper Jaffray Companies restated a “buy” rating on shares of Chevron Corporation in a research note on Thursday, August 3rd. Zacks Investment Research upgraded Chevron Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. BNP Paribas upgraded Chevron Corporation from an “underperform” rating to a “neutral” rating and set a $105.00 price target on the stock in a research note on Monday, August 7th. TheStreet lowered Chevron Corporation from a “b” rating to a “c+” rating in a research note on Friday, July 28th. Finally, BidaskClub upgraded Chevron Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $120.63.
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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