Windsor Financial Group LLC boosted its position in shares of Chevron Corporation (NYSE:CVX) by 2.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,547 shares of the oil and gas company’s stock after acquiring an additional 154 shares during the period. Windsor Financial Group LLC’s holdings in Chevron Corporation were worth $683,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Everett Harris & Co. CA grew its holdings in Chevron Corporation by 0.4% during the 1st quarter. Everett Harris & Co. CA now owns 291,943 shares of the oil and gas company’s stock valued at $31,346,000 after buying an additional 1,142 shares in the last quarter. Paragon Capital Management Ltd purchased a new stake in Chevron Corporation during the 1st quarter valued at approximately $1,459,000. Nikko Asset Management Americas Inc. grew its holdings in Chevron Corporation by 7.9% during the 1st quarter. Nikko Asset Management Americas Inc. now owns 239,730 shares of the oil and gas company’s stock valued at $25,740,000 after buying an additional 17,600 shares in the last quarter. iAB Financial Bank grew its holdings in Chevron Corporation by 0.5% during the 1st quarter. iAB Financial Bank now owns 22,356 shares of the oil and gas company’s stock valued at $2,400,000 after buying an additional 110 shares in the last quarter. Finally, KAMES CAPITAL plc grew its holdings in Chevron Corporation by 2.5% during the 1st quarter. KAMES CAPITAL plc now owns 452,420 shares of the oil and gas company’s stock valued at $48,563,000 after buying an additional 11,183 shares in the last quarter. Institutional investors own 63.15% of the company’s stock.
A number of equities research analysts have issued reports on CVX shares. TheStreet raised shares of Chevron Corporation from a “c+” rating to a “b” rating in a report on Monday, October 23rd. BMO Capital Markets set a $120.00 price objective on shares of Chevron Corporation and gave the company a “buy” rating in a report on Sunday, July 30th. Jefferies Group LLC set a $130.00 price objective on shares of Chevron Corporation and gave the company a “buy” rating in a report on Tuesday, August 29th. 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. Finally, 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. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $120.54.
Chevron Corporation (NYSE:CVX) last released its earnings results on Friday, October 27th. The oil and gas company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.04. Chevron Corporation had a return on equity of 4.59% and a net margin of 4.79%. The business had revenue of $36.21 billion during the quarter, compared to the consensus estimate of $34.06 billion. During the same period last year, the company earned $0.68 earnings per share. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. equities research analysts predict that Chevron Corporation will post 4.26 EPS 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 given 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 3.75%. Chevron Corporation’s dividend payout ratio (DPR) is 125.95%.
In other news, Vice Chairman Michael K. Wirth sold 1,229 shares of Chevron Corporation stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $118.00, for a total transaction of $145,022.00. Following the completion of the sale, the insider now directly owns 1,229 shares in the company, valued at $145,022. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Patricia E. Yarrington sold 13,143 shares of Chevron Corporation stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $115.01, for a total value of $1,511,576.43. Following the sale, the chief financial officer now owns 17,981 shares of the company’s stock, valued at $2,067,994.81. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,122 shares of company stock valued at $7,433,361. Corporate 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.
Want to see what other hedge funds are holding CVX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chevron Corporation (NYSE:CVX).
Receive News & Ratings for Chevron Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron Corporation and related companies with MarketBeat.com's FREE daily email newsletter.