Adell Harriman & Carpenter Inc. decreased its position in Chevron Corporation (NYSE:CVX) by 12.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,236 shares of the oil and gas company’s stock after selling 3,735 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Chevron were worth $2,633,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Shine Investment Advisory Services Inc. purchased a new position in shares of Chevron during the 2nd quarter worth approximately $106,000. Thompson Davis & CO. Inc. boosted its position in Chevron by 20.0% in the 1st quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock valued at $123,000 after buying an additional 191 shares during the period. Winfield Associates Inc. boosted its position in Chevron by 5.1% in the 2nd quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock valued at $136,000 after buying an additional 63 shares during the period. Daiwa SB Investments Ltd. boosted its position in Chevron by 438.5% in the 2nd quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock valued at $146,000 after buying an additional 1,140 shares during the period. Finally, New Capital Management LP boosted its position in Chevron by 0.3% in the 1st quarter. New Capital Management LP now owns 1,455 shares of the oil and gas company’s stock valued at $156,000 after buying an additional 4 shares during the period. 63.15% of the stock is owned by institutional investors and hedge funds.
Chevron Corporation (NYSE:CVX) opened at $116.51 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. The company has a market cap of $221,296.08, a price-to-earnings ratio of 32.64, a price-to-earnings-growth ratio of 3.84 and a beta of 1.22. Chevron Corporation has a one year low of $102.55 and a one year high of $120.89.
Chevron (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 analysts’ consensus estimates of $0.99 by $0.04. The company had revenue of $36.21 billion for the quarter, compared to analyst estimates of $34.06 billion. Chevron had a net margin of 4.79% and a return on equity of 4.59%. Chevron’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 earnings per share. equities research analysts anticipate that Chevron Corporation will post 4.33 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 17th will be paid 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 yield of 3.71%. Chevron’s dividend payout ratio is presently 125.95%.
CVX has been the subject of several recent research reports. Jefferies Group LLC reissued a “buy” rating and issued a $137.00 price target (up previously from $113.54) on shares of Chevron in a research report on Monday, October 30th. Piper Jaffray Companies reissued a “buy” rating on shares of Chevron in a research report on Thursday, August 3rd. Zacks Investment Research raised shares of Chevron from a “hold” rating to a “buy” rating and set a $131.00 price target for the company in a research report on Friday, November 10th. Citigroup Inc. raised their price objective on shares of Chevron from $118.00 to $128.00 and gave the company a “buy” rating in a report on Monday, October 30th. Finally, Goldman Sachs Group Inc restated a “buy” rating and issued a $123.00 price objective (up from $118.00) on shares of Chevron in a report on Tuesday, September 19th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $120.54.
In other Chevron news, Vice Chairman Michael K. Wirth sold 1,229 shares of Chevron stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $118.00, for a total value of $145,022.00. Following the transaction, the insider now directly owns 1,229 shares in the company, valued at $145,022. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP R. Hewitt Pate sold 25,500 shares of Chevron stock in a transaction on Monday, October 16th. The shares were sold at an average price of $120.00, for a total transaction 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 179,979 shares of company stock worth $20,905,804. 0.38% of the stock is currently owned by company insiders.
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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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