Evanson Asset Management LLC Has $1,082,000 Stake in Chevron Corp. (CVX)
Evanson Asset Management LLC decreased its stake in shares of Chevron Corp. (NYSE:CVX) by 3.9% during the second quarter, Holdings Channel reports. The institutional investor owned 10,322 shares of the company’s stock after selling 418 shares during the period. Evanson Asset Management LLC’s holdings in Chevron Corp. were worth $1,082,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC raised its stake in shares of Chevron Corp. by 14.5% in the first quarter. RPg Family Wealth Advisory LLC now owns 1,058 shares of the company’s stock valued at $101,000 after buying an additional 134 shares in the last quarter. Marshall & Sullivan Inc. WA raised its stake in shares of Chevron Corp. by 4.0% in the first quarter. Marshall & Sullivan Inc. WA now owns 1,825 shares of the company’s stock valued at $174,000 after buying an additional 71 shares in the last quarter. Sterling Investment Advisors LLC ADV purchased a new stake in shares of Chevron Corp. during the second quarter valued at about $203,000. Stillwater Capital Advisors LLC purchased a new stake in shares of Chevron Corp. during the second quarter valued at about $204,000. Finally, Keel Point LLC purchased a new stake in shares of Chevron Corp. during the second quarter valued at about $206,000. Institutional investors and hedge funds own 62.24% of the company’s stock.
Shares of Chevron Corp. (NYSE:CVX) traded up 0.09% during trading on Friday, hitting $102.27. The stock had a trading volume of 5,844,492 shares. The stock has a 50 day moving average price of $100.97 and a 200-day moving average price of $101.05. Chevron Corp. has a one year low of $75.33 and a one year high of $107.58. The stock’s market capitalization is $192.93 billion.
Chevron Corp. (NYSE:CVX) last released its quarterly earnings results on Friday, July 29th. The company reported ($0.78) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $1.10. The firm had revenue of $29.28 billion for the quarter, compared to analyst estimates of $25.78 billion. Chevron Corp. had a positive return on equity of 1.07% and a negative net margin of 0.64%. The business’s revenue for the quarter was down 27.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.30 earnings per share. On average, equities research analysts predict that Chevron Corp. will post $1.31 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 19th were paid a dividend of $1.07 per share. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $4.28 dividend on an annualized basis and a yield of 4.19%. Chevron Corp.’s dividend payout ratio (DPR) is presently -1,097.44%.
Several equities research analysts have recently issued reports on the company. Vetr lowered Chevron Corp. from a “buy” rating to a “hold” rating and set a $106.39 price target for the company. in a report on Monday, June 27th. Credit Suisse Group AG reiterated a “neutral” rating and set a $105.00 price target on shares of Chevron Corp. in a report on Saturday, August 13th. Jefferies Group reiterated a “buy” rating on shares of Chevron Corp. in a report on Friday, August 5th. Simmons upgraded Chevron Corp. from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $110.00 to $117.00 in a report on Tuesday, August 9th. Finally, Zacks Investment Research upgraded Chevron Corp. from a “hold” rating to a “buy” rating and set a $118.00 target price for the company in a report on Tuesday, July 12th. Twelve research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $105.53.
In related news, Director Inge G. Thulin acquired 487 shares of the stock in a transaction on Monday, August 15th. The shares were purchased at an average price of $102.87 per share, for a total transaction of $50,097.69. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Pierre R. Breber sold 21,000 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $98.77, for a total value of $2,074,170.00. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.
Chevron Corp. 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.
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