Regentatlantic Capital LLC Has $11,955,000 Stake in Chevron Corp. (CVX)
Regentatlantic Capital LLC lowered its position in shares of Chevron Corp. (NYSE:CVX) by 2.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,040 shares of the company’s stock after selling 2,639 shares during the period. Chevron Corp. makes up approximately 1.2% of Regentatlantic Capital LLC’s investment portfolio, making the stock its 15th largest position. Regentatlantic Capital LLC’s holdings in Chevron Corp. were worth $11,955,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the stock. State Street Corp raised its stake in Chevron Corp. by 1.2% in the first quarter. State Street Corp now owns 110,199,640 shares of the company’s stock worth $10,513,045,000 after buying an additional 1,318,854 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Chevron Corp. by 2.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 49,644,363 shares of the company’s stock worth $4,736,072,000 after buying an additional 987,259 shares in the last quarter. BlackRock Fund Advisors raised its stake in Chevron Corp. by 1.0% in the first quarter. BlackRock Fund Advisors now owns 30,669,148 shares of the company’s stock worth $2,925,837,000 after buying an additional 306,414 shares in the last quarter. Geode Capital Management LLC raised its stake in Chevron Corp. by 2.2% in the first quarter. Geode Capital Management LLC now owns 15,718,173 shares of the company’s stock worth $1,496,560,000 after buying an additional 334,885 shares in the last quarter. Finally, BlackRock Group LTD raised its stake in Chevron Corp. by 1.9% in the first quarter. BlackRock Group LTD now owns 15,615,464 shares of the company’s stock worth $1,489,715,000 after buying an additional 296,294 shares in the last quarter. Institutional investors own 62.24% of the company’s stock.
Shares of Chevron Corp. (NYSE:CVX) traded up 1.63% during trading on Friday, hitting $102.92. 9,431,524 shares of the company were exchanged. The firm’s market capitalization is $194.16 billion. Chevron Corp. has a 12 month low of $75.33 and a 12 month high of $107.58. The firm’s 50-day moving average price is $101.06 and its 200 day moving average price is $100.84.
Chevron Corp. (NYSE:CVX) last released its quarterly earnings results on Friday, July 29th. The company reported ($0.78) EPS for the quarter, missing analysts’ consensus estimates of $0.32 by $1.10. Chevron Corp. had a negative net margin of 0.64% and a positive return on equity of 1.07%. The business earned $29.28 billion during the quarter, compared to analysts’ expectations of $25.78 billion. During the same quarter last year, the business posted $0.30 earnings per share. The company’s quarterly revenue was down 27.4% compared to the same quarter last year. On average, equities research analysts expect that Chevron Corp. will post $1.29 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 19th were paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date was Wednesday, August 17th. Chevron Corp.’s dividend payout ratio (DPR) is presently -1,097.44%.
Several research analysts have commented on the stock. Vetr lowered shares of Chevron Corp. from a “buy” rating to a “hold” rating and set a $106.39 price objective for the company. in a report on Monday, June 27th. Credit Suisse Group AG restated a “neutral” rating and issued a $105.00 price objective on shares of Chevron Corp. in a report on Saturday, August 13th. Morgan Stanley restated a “hold” rating and issued a $85.00 price objective on shares of Chevron Corp. in a report on Wednesday, June 8th. Jefferies Group restated a “buy” rating on shares of Chevron Corp. in a report on Friday, August 5th. Finally, Simmons upgraded shares of Chevron Corp. from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $110.00 to $117.00 in a report on Tuesday, August 9th. Twelve analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $105.53.
In other Chevron Corp. news, insider Pierre R. Breber sold 21,000 shares of the stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $98.77, for a total value of $2,074,170.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Inge G. Thulin purchased 487 shares of the firm’s stock in a transaction on Monday, August 15th. The stock was acquired 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. 0.40% of the stock is owned by company insiders.
About Chevron Corp.
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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