Koshinski Asset Management Inc. boosted its stake in Chevron Co. (NYSE:CVX) by 6.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,661 shares of the oil and gas company’s stock after acquiring an additional 869 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Chevron were worth $1,219,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Unison Advisors LLC lifted its position in Chevron by 1.0% in the 1st quarter. Unison Advisors LLC now owns 11,414 shares of the oil and gas company’s stock valued at $827,000 after acquiring an additional 110 shares in the last quarter. Campbell Newman Asset Management Inc. lifted its position in Chevron by 2.4% during the 2nd quarter. Campbell Newman Asset Management Inc. now owns 4,811 shares of the oil and gas company’s stock worth $429,000 after buying an additional 111 shares in the last quarter. Nachman Norwood & Parrott Inc increased its stake in shares of Chevron by 0.4% during the 2nd quarter. Nachman Norwood & Parrott Inc now owns 30,912 shares of the oil and gas company’s stock worth $2,758,000 after purchasing an additional 116 shares during the last quarter. Vivid Financial Management Inc. increased its stake in shares of Chevron by 1.2% during the 1st quarter. Vivid Financial Management Inc. now owns 9,907 shares of the oil and gas company’s stock worth $718,000 after purchasing an additional 117 shares during the last quarter. Finally, Schulhoff & Co. Inc. increased its stake in shares of Chevron by 0.3% during the 1st quarter. Schulhoff & Co. Inc. now owns 38,957 shares of the oil and gas company’s stock worth $2,822,000 after purchasing an additional 118 shares during the last quarter. 64.60% of the stock is currently owned by institutional investors and hedge funds.
NYSE CVX opened at $83.94 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $156.71 billion, a P/E ratio of 40.95, a P/E/G ratio of 21.46 and a beta of 1.29. Chevron Co. has a 12-month low of $51.60 and a 12-month high of $125.27. The firm has a 50-day moving average price of $88.84 and a two-hundred day moving average price of $92.49.
Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, July 31st. The oil and gas company reported ($1.59) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.93) by ($0.66). Chevron had a return on equity of 8.28% and a net margin of 2.71%. The firm had revenue of $13.95 billion for the quarter, compared to the consensus estimate of $21.71 billion. During the same period last year, the company posted $1.77 EPS. The business’s revenue was down 64.1% on a year-over-year basis. Equities analysts expect that Chevron Co. will post 0.8 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be issued a dividend of $1.29 per share. This represents a $5.16 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date is Tuesday, August 18th. Chevron’s dividend payout ratio (DPR) is presently 82.30%.
CVX has been the topic of several recent analyst reports. Jefferies Financial Group restated a “buy” rating and set a $92.00 price objective on shares of Chevron in a research note on Friday, May 1st. Bank of America lowered shares of Chevron from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 9th. SunTrust Banks began coverage on shares of Chevron in a research note on Thursday, July 23rd. They set a “buy” rating and a $120.00 price objective on the stock. Wells Fargo & Co upped their price target on shares of Chevron from $107.00 to $111.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, Craig Hallum upped their price target on shares of Chevron from $81.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $111.25.
Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.
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