Evermay Wealth Management LLC decreased its position in Chevron Corp. (NYSE:CVX) by 12.2% during the second quarter, Holdings Channel reports. The firm owned 2,151 shares of the company’s stock after selling 299 shares during the period. Evermay Wealth Management LLC’s holdings in Chevron Corp. were worth $226,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of CVX. CHURCHILL MANAGEMENT Corp acquired a new position in shares of Chevron Corp. during the second quarter valued at about $2,118,000. Chevy Chase Trust Holdings Inc. increased its stake in Chevron Corp. by 0.7% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 1,644,631 shares of the company’s stock valued at $172,407,000 after buying an additional 11,249 shares during the period. Arizona State Retirement System increased its stake in Chevron Corp. by 1.8% in the first quarter. Arizona State Retirement System now owns 730,403 shares of the company’s stock valued at $69,680,000 after buying an additional 13,100 shares during the period. Societe Generale purchased a new stake in Chevron Corp. during the second quarter valued at $66,963,000. Finally, NN Investment Partners Holdings N.V. purchased a new stake in Chevron Corp. during the first quarter valued at $55,733,000. Hedge funds and other institutional investors own 62.24% of the company’s stock.
Chevron Corp. (NYSE:CVX) traded down 0.30% during trading on Monday, hitting $98.92. The stock had a trading volume of 3,941,826 shares. The company’s market capitalization is $186.61 billion. The stock’s 50-day moving average price is $101.07 and its 200-day moving average price is $100.56. Chevron Corp. has a 1-year low of $75.28 and a 1-year high of $107.58.
Chevron Corp. (NYSE:CVX) last issued its quarterly earnings data on Friday, July 29th. The company reported ($0.78) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $1.10. Chevron Corp. had a positive return on equity of 1.07% and a negative net margin of 0.64%. The company earned $29.28 billion during the quarter, compared to analysts’ expectations of $25.78 billion. During the same quarter last year, the business earned $0.30 earnings per share. The business’s quarterly revenue was down 27.4% on a year-over-year basis. Analysts expect that Chevron Corp. will post $1.29 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 19th were issued a $1.07 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $4.28 annualized dividend and a yield of 4.29%. Chevron Corp.’s dividend payout ratio (DPR) is presently -1,097.44%.
CVX has been the topic of several recent research reports. Jefferies Group reissued a “buy” rating and set a $116.00 price objective (up previously from $114.00) on shares of Chevron Corp. in a report on Wednesday, July 6th. Credit Suisse Group AG reissued a “neutral” rating on shares of Chevron Corp. in a report on Tuesday, September 6th. Barclays PLC reissued an “equal weight” rating and set a $125.00 price objective on shares of Chevron Corp. in a report on Thursday, July 28th. BMO Capital Markets initiated coverage on Chevron Corp. in a report on Monday, September 12th. They set an “outperform” rating and a $120.00 price objective on the stock. Finally, Piper Jaffray Cos. raised Chevron Corp. from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $110.00 to $117.00 in a report on Tuesday, August 9th. Thirteen investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $103.55.
In other Chevron Corp. news, insider Pierre R. Breber sold 21,000 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $98.77, for a total value of $2,074,170.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Inge G. Thulin acquired 487 shares of the stock in a transaction on Monday, August 15th. The stock was bought at an average price of $102.87 per share, with a total value of $50,097.69. The disclosure for this purchase can be found here. 0.40% of the stock is currently owned by company insiders.
Chevron Corp. 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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