Horan Capital Advisors LLC. boosted its holdings in shares of Chevron Corporation (NYSE:CVX) by 10.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,346 shares of the oil and gas company’s stock after buying an additional 330 shares during the quarter. Horan Capital Advisors LLC.’s holdings in Chevron Corporation were worth $349,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of CVX. Shine Investment Advisory Services Inc. purchased a new position in Chevron Corporation in the second quarter worth $106,000. Thompson Davis & CO. Inc. grew its holdings in Chevron Corporation by 20.0% in the first quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock worth $123,000 after purchasing an additional 191 shares during the last quarter. Winfield Associates Inc. grew its holdings in Chevron Corporation by 5.1% in the second quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock worth $136,000 after purchasing an additional 63 shares during the last quarter. Daiwa SB Investments Ltd. grew its holdings in Chevron Corporation by 438.5% in the second quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after purchasing an additional 1,140 shares during the last quarter. Finally, New Capital Management LP grew its holdings in Chevron Corporation by 0.3% in the first quarter. New Capital Management LP now owns 1,455 shares of the oil and gas company’s stock worth $156,000 after purchasing an additional 4 shares during the last quarter. 63.03% of the stock is currently owned by institutional investors.
Chevron Corporation (CVX) opened at $114.71 on Friday. The firm has a market cap of $217,610.00, a PE ratio of 32.75, a price-to-earnings-growth ratio of 3.91 and a beta of 1.22. Chevron Corporation has a 1 year low of $102.55 and a 1 year high of $120.89. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 0.84.
Chevron Corporation (NYSE:CVX) last issued its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 4.79% and a return on equity of 4.59%. The company’s revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.68 earnings per share. sell-side analysts expect that Chevron Corporation will post 4.28 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 17th will be given a $1.08 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.77%. Chevron Corporation’s dividend payout ratio (DPR) is currently 125.95%.
Several research firms have issued reports on CVX. Zacks Investment Research raised shares of Chevron Corporation from a “hold” rating to a “buy” rating and set a $129.00 price target on the stock in a report on Friday. Citigroup Inc. lifted their price target on shares of Chevron Corporation from $118.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, October 30th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $137.00 price target (up from $113.54) on shares of Chevron Corporation in a report on Monday, October 30th. Royal Bank Of Canada set a $100.00 price target on shares of Chevron Corporation and gave the stock a “sell” rating in a report on Friday, October 27th. Finally, TheStreet raised shares of Chevron Corporation from a “c+” rating to a “b” rating in a report on Monday, October 23rd. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. Chevron Corporation currently has a consensus rating of “Buy” and a consensus price target of $120.54.
In other Chevron Corporation news, VP R. Hewitt Pate sold 25,500 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $120.00, for a total value of $3,060,000.00. Following the completion of the transaction, the vice president now owns 25,500 shares in the company, valued at $3,060,000. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Patricia E. Yarrington sold 13,143 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $115.01, for a total transaction of $1,511,576.43. Following the completion of the transaction, the chief financial officer now owns 17,981 shares of the company’s stock, valued at approximately $2,067,994.81. The disclosure for this sale can be found here. In the last quarter, insiders acquired 41,000 shares of company stock valued at $5,420 and sold 63,122 shares valued at $7,433,361. Corporate insiders own 0.38% of the company’s stock.
Chevron Corporation 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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