TNB Financial Has $1,223,000 Stake in Chevron Corp. (CVX)
TNB Financial raised its position in Chevron Corp. (NYSE:CVX) by 1.6% during the second quarter, Holdings Channel reports. The fund owned 11,669 shares of the company’s stock after buying an additional 184 shares during the period. TNB Financial’s holdings in Chevron Corp. were worth $1,223,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the company. RPg Family Wealth Advisory LLC raised its stake in Chevron Corp. by 14.5% in the first quarter. RPg Family Wealth Advisory LLC now owns 1,058 shares of the company’s stock worth $101,000 after buying an additional 134 shares in the last quarter. Marshall & Sullivan Inc. WA raised its stake in Chevron Corp. by 4.0% in the first quarter. Marshall & Sullivan Inc. WA now owns 1,825 shares of the company’s stock worth $174,000 after buying an additional 71 shares in the last quarter. Carnick & Kubik LLC purchased a new stake in Chevron Corp. during the first quarter worth approximately $188,000. Exane Derivatives raised its stake in Chevron Corp. by 57.3% in the first quarter. Exane Derivatives now owns 1,994 shares of the company’s stock worth $190,000 after buying an additional 726 shares in the last quarter. Finally, Sterling Investment Advisors LLC ADV purchased a new stake in Chevron Corp. during the second quarter worth approximately $203,000. Hedge funds and other institutional investors own 62.24% of the company’s stock.
Shares of Chevron Corp. (NYSE:CVX) traded up 0.09% during mid-day trading on Friday, hitting $102.27. 5,844,492 shares of the stock were exchanged. Chevron Corp. has a 12 month low of $75.33 and a 12 month high of $107.58. The stock’s market cap is $192.93 billion. The stock’s 50 day moving average is $100.97 and its 200-day moving average is $101.05.
Chevron Corp. (NYSE:CVX) last released its quarterly earnings data on Friday, July 29th. The company reported ($0.78) earnings per share for the quarter, missing the consensus estimate of $0.32 by $1.10. The firm earned $29.28 billion during the quarter, compared to the consensus estimate of $25.78 billion. Chevron Corp. had a negative net margin of 0.64% and a positive return on equity of 1.07%. The business’s revenue was down 27.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 earnings per share. On average, analysts anticipate that Chevron Corp. will post $1.31 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, August 19th were issued a $1.07 dividend. The ex-dividend date was Wednesday, August 17th. This represents a $4.28 annualized dividend and a dividend yield of 4.19%. Chevron Corp.’s payout ratio is currently -1,097.44%.
CVX has been the subject of a number of recent analyst reports. Vetr upgraded shares of Chevron Corp. from a “hold” rating to a “buy” rating and set a $107.24 price target for the company in a report on Tuesday, August 9th. Jefferies Group restated a “buy” rating on shares of Chevron Corp. in a report on Friday, August 5th. Zacks Investment Research upgraded shares of Chevron Corp. from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a report on Tuesday, July 12th. Finally, Barclays PLC restated an “equal weight” rating and issued a $125.00 price objective on shares of Chevron Corp. in a report on Thursday, July 28th. Twelve analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Chevron Corp. currently has an average rating of “Buy” and a consensus price target of $105.53.
In related news, insider Michael K. Wirth sold 125,000 shares of Chevron Corp. stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $100.47, for a total value of $12,558,750.00. Following the completion of the sale, the insider now directly owns 4,222 shares in the company, valued at $424,184.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Inge G. Thulin acquired 487 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The stock was purchased 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 corporate 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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