Chevron Corporation (CVX) Shares Sold by Cornerstone Capital Inc.

Cornerstone Capital Inc. lowered its position in Chevron Corporation (NYSE:CVX) by 0.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,191 shares of the oil and gas company’s stock after selling 30 shares during the period. Cornerstone Capital Inc.’s holdings in Chevron Corporation were worth $2,002,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CVX. Bridgewater Wealth & Financial Management LLC raised its position in Chevron Corporation by 8.5% in the 2nd quarter. Bridgewater Wealth & Financial Management LLC now owns 6,536 shares of the oil and gas company’s stock worth $682,000 after purchasing an additional 510 shares during the last quarter. Hartland & Co. LLC raised its position in Chevron Corporation by 3.4% in the 2nd quarter. Hartland & Co. LLC now owns 40,036 shares of the oil and gas company’s stock worth $4,177,000 after purchasing an additional 1,313 shares during the last quarter. Deprince Race & Zollo Inc. raised its position in Chevron Corporation by 0.5% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 559,354 shares of the oil and gas company’s stock worth $58,357,000 after purchasing an additional 2,828 shares during the last quarter. Aspiriant LLC raised its position in Chevron Corporation by 15.3% in the 2nd quarter. Aspiriant LLC now owns 41,210 shares of the oil and gas company’s stock worth $4,299,000 after purchasing an additional 5,482 shares during the last quarter. Finally, Ballentine Partners LLC raised its position in Chevron Corporation by 56.0% in the 2nd quarter. Ballentine Partners LLC now owns 13,643 shares of the oil and gas company’s stock worth $1,424,000 after purchasing an additional 4,896 shares during the last quarter. Institutional investors own 63.15% of the company’s stock.

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Several research firms recently weighed in on CVX. Zacks Investment Research cut shares of Chevron Corporation from a “buy” rating to a “hold” rating in a research report on Monday. Citigroup Inc. boosted their price objective on shares of Chevron Corporation from $118.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. Jefferies Group LLC restated a “buy” rating and issued a $137.00 price objective (up previously from $113.54) on shares of Chevron Corporation in a research report on Monday, October 30th. Royal Bank Of Canada set a $100.00 price objective on shares of Chevron Corporation and gave the stock a “sell” rating in a research report on Friday, October 27th. Finally, TheStreet upgraded shares of Chevron Corporation from a “c+” rating to a “b” rating in a research report on Monday, October 23rd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Chevron Corporation has an average rating of “Hold” and a consensus target price of $120.54.

Shares of Chevron Corporation (NYSE CVX) opened at $115.17 on Wednesday. The company has a market cap of $217,896.17, a price-to-earnings ratio of 32.13, a P/E/G ratio of 3.85 and a beta of 1.22. Chevron Corporation has a 52-week low of $102.55 and a 52-week 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 posted its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.99 by $0.04. The business had revenue of $36.21 billion for the quarter, compared to analysts’ expectations of $34.06 billion. Chevron Corporation had a net margin of 4.79% and a return on equity of 4.59%. The firm’s revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 EPS. equities analysts predict that Chevron Corporation will post 4.26 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be given a $1.08 dividend. The ex-dividend date is Thursday, November 16th. This represents a $4.32 annualized dividend and a yield of 3.75%. Chevron Corporation’s dividend payout ratio is currently 125.95%.

In related news, VP R. Hewitt Pate sold 25,500 shares of the business’s stock in a transaction on 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 sale, the vice president now directly owns 25,500 shares of the company’s stock, valued at approximately $3,060,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Patricia E. Yarrington sold 13,143 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $115.01, for a total transaction of $1,511,576.43. Following the completion of the sale, the chief financial officer now directly owns 17,981 shares in the company, valued at $2,067,994.81. The disclosure for this sale can be found here. Insiders sold a total of 63,122 shares of company stock worth $7,433,361 over the last ninety days. 0.38% of the stock is currently owned by insiders.

Chevron Corporation 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.

Institutional Ownership by Quarter for Chevron Corporation (NYSE:CVX)

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