FCM Investments TX raised its position in shares of Chevron Corp. (NYSE:CVX) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,307 shares of the company’s stock after buying an additional 207 shares during the period. FCM Investments TX’s holdings in Chevron Corp. were worth $976,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. RPg Family Wealth Advisory LLC raised its position in shares of Chevron Corp. by 14.5% in the first quarter. RPg Family Wealth Advisory LLC now owns 1,058 shares of the company’s stock worth $101,000 after buying an additional 134 shares during the last quarter. Marshall & Sullivan Inc. WA raised its position in shares of Chevron Corp. by 4.0% in the first quarter. Marshall & Sullivan Inc. WA now owns 1,825 shares of the company’s stock worth $174,000 after buying an additional 71 shares during the last quarter. Carnick & Kubik LLC purchased a new position in shares of Chevron Corp. during the first quarter worth $188,000. Exane Derivatives raised its position in shares of Chevron Corp. by 57.3% in the first quarter. Exane Derivatives now owns 1,994 shares of the company’s stock worth $190,000 after buying an additional 726 shares during the last quarter. Finally, Sterling Investment Advisors LLC ADV purchased a new position in shares of Chevron Corp. during the second quarter worth $203,000. Hedge funds and other institutional investors own 62.24% of the company’s stock.
Chevron Corp. (NYSE:CVX) traded down 0.90% during midday trading on Tuesday, reaching $103.04. The company had a trading volume of 5,337,338 shares. Chevron Corp. has a 12 month low of $75.33 and a 12 month high of $107.58. The firm’s market capitalization is $194.39 billion. The firm’s 50-day moving average price is $101.02 and its 200 day moving average price is $101.21.
Chevron Corp. (NYSE:CVX) last released its earnings results on Friday, July 29th. The company reported ($0.78) earnings per share 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 business had revenue of $29.28 billion for the quarter, compared to analysts’ expectations of $25.78 billion. During the same quarter last year, the company posted $0.30 earnings per share. The business’s quarterly revenue was down 27.4% compared to the same quarter last year. Equities analysts anticipate that Chevron Corp. will post $1.31 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, August 19th were given 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 yield of 4.15%. Chevron Corp.’s dividend payout ratio (DPR) is presently -1,097.44%.
A number of brokerages have weighed in on CVX. Zacks Investment Research upgraded Chevron Corp. from a “hold” rating to a “buy” rating and set a $118.00 price objective on the stock in a report on Tuesday, July 12th. Jefferies Group raised their price objective on Chevron Corp. from $114.00 to $116.00 and gave the company a “buy” rating in a report on Tuesday, July 12th. Barclays PLC restated an “equal weight” rating and issued a $125.00 price objective on shares of Chevron Corp. in a report on Monday. Vetr lowered Chevron Corp. from a “strong-buy” rating to a “buy” rating and set a $112.29 price objective on the stock. in a report on Monday. Finally, Exane BNP Paribas began coverage on Chevron Corp. in a report on Monday. They issued a “neutral” rating and a $102.00 price objective on the stock. Thirteen research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $105.09.
In other Chevron Corp. news, insider Pierre R. Breber sold 21,000 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $98.77, for a total transaction of $2,074,170.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Inge G. Thulin purchased 487 shares of the company’s stock in a transaction on 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. Corporate 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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