Howard Capital Management increased its position in Chevron Corp. (NYSE:CVX) by 1.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 136,346 shares of the company’s stock after buying an additional 1,676 shares during the period. Chevron Corp. makes up 2.7% of Howard Capital Management’s holdings, making the stock its 11th largest position. Howard Capital Management’s holdings in Chevron Corp. were worth $14,293,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Wagner Bowman Management Corp boosted its position in Chevron Corp. by 0.6% in the first quarter. Wagner Bowman Management Corp now owns 16,713 shares of the company’s stock worth $1,594,000 after buying an additional 106 shares during the period. M. Kraus & Co boosted its position in Chevron Corp. by 18.2% in the first quarter. M. Kraus & Co now owns 21,115 shares of the company’s stock worth $2,217,000 after buying an additional 3,255 shares during the period. Bridge Creek Capital Management LLC boosted its position in Chevron Corp. by 3.4% in the first quarter. Bridge Creek Capital Management LLC now owns 41,528 shares of the company’s stock worth $3,962,000 after buying an additional 1,384 shares during the period. Macnealy Hoover Investment Management Inc. boosted its position in Chevron Corp. by 0.3% in the first quarter. Macnealy Hoover Investment Management Inc. now owns 39,996 shares of the company’s stock worth $3,815,000 after buying an additional 101 shares during the period. Finally, Coastline Trust Co boosted its position in Chevron Corp. by 7.4% in the first quarter. Coastline Trust Co now owns 28,364 shares of the company’s stock worth $2,706,000 after buying an additional 1,950 shares during the period. 62.24% of the stock is currently owned by institutional investors and hedge funds.
Chevron Corp. (NYSE:CVX) traded up 0.09% during mid-day trading on Friday, hitting $102.27. 5,844,492 shares of the stock were exchanged. Chevron Corp. has a one year low of $75.33 and a one year high of $107.58. The company’s market cap is $192.93 billion. The company has a 50-day moving average price of $100.97 and a 200-day moving average price of $101.05.
Chevron Corp. (NYSE:CVX) last announced its quarterly earnings results on Friday, July 29th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $1.10. The firm had revenue of $29.28 billion for the quarter, compared to analyst estimates of $25.78 billion. Chevron Corp. had a negative net margin of 0.64% and a positive return on equity of 1.07%. The firm’s quarterly revenue was down 27.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 earnings per share. On average, analysts predict that Chevron Corp. will post $1.31 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Friday, August 19th were issued a dividend of $1.07 per share. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $4.28 annualized dividend and a dividend yield of 4.19%. Chevron Corp.’s dividend payout ratio is -1,097.44%.
A number of equities analysts have recently weighed in on CVX shares. Vetr cut shares of Chevron Corp. from a “buy” rating to a “hold” rating and set a $106.39 price target on the stock. in a research note on Monday, June 20th. Jefferies Group reissued a “buy” rating and issued a $116.00 price objective (up from $114.00) on shares of Chevron Corp. in a research note on Wednesday, July 6th. Zacks Investment Research raised shares of Chevron Corp. from a “hold” rating to a “buy” rating and set a $118.00 price objective on the stock in a research note on Tuesday, July 12th. Barclays PLC reissued an “equal weight” rating and issued a $125.00 price objective on shares of Chevron Corp. in a research note on Thursday, July 28th. Finally, Piper Jaffray Cos. raised shares of Chevron Corp. from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $110.00 to $117.00 in a research note on Tuesday, August 9th. Twelve research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $105.53.
In other news, insider James William Johnson sold 10,945 shares of Chevron Corp. stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $101.44, for a total transaction of $1,110,260.80. Following the completion of the sale, the insider now directly owns 13,000 shares in the company, valued at approximately $1,318,720. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Inge G. Thulin purchased 487 shares of Chevron Corp. stock in a transaction dated Monday, August 15th. The shares were purchased 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. Insiders own 0.40% of the company’s stock.
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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