LGL Partners LLC Has $244,000 Position in Chevron Corp. (CVX)
LGL Partners LLC held its stake in Chevron Corp. (NYSE:CVX) during the second quarter, Holdings Channel reports. The fund owned 2,368 shares of the company’s stock at the end of the second quarter. LGL Partners LLC’s holdings in Chevron Corp. were worth $244,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in CVX. Traynor Capital Management Inc. boosted its position in shares of Chevron Corp. by 9.6% in the first quarter. Traynor Capital Management Inc. now owns 7,454 shares of the company’s stock worth $711,000 after buying an additional 654 shares during the last quarter. Sigma Planning Corp boosted its position in shares of Chevron Corp. by 4.4% in the first quarter. Sigma Planning Corp now owns 62,459 shares of the company’s stock worth $5,959,000 after buying an additional 2,621 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Chevron Corp. during the first quarter worth approximately $334,000. Country Trust Bank boosted its position in shares of Chevron Corp. by 8.1% in the first quarter. Country Trust Bank now owns 159,930 shares of the company’s stock worth $15,257,000 after buying an additional 12,020 shares during the last quarter. Finally, Gillespie Robinson & Grimm Inc. boosted its position in shares of Chevron Corp. by 11.3% in the first quarter. Gillespie Robinson & Grimm Inc. now owns 122,468 shares of the company’s stock worth $11,908,000 after buying an additional 12,430 shares during the last quarter. Hedge funds and other institutional investors own 62.24% of the company’s stock.
Chevron Corp. (NYSE:CVX) traded up 0.09% during midday trading on Friday, hitting $102.27. 5,844,492 shares of the company were exchanged. Chevron Corp. has a 1-year low of $75.33 and a 1-year high of $107.58. The stock’s market capitalization is $192.93 billion. The stock has a 50 day moving average of $100.97 and a 200-day moving average of $101.05.
Chevron Corp. (NYSE:CVX) last announced its quarterly earnings data on Friday, July 29th. The company reported ($0.78) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by $1.10. The business earned $29.28 billion during the quarter, compared to analysts’ expectations of $25.78 billion. Chevron Corp. had a positive return on equity of 1.07% and a negative net margin of 0.64%. Chevron Corp.’s revenue for the quarter was down 27.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 EPS. Equities analysts expect that Chevron Corp. will post $1.31 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 19th were issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend was Wednesday, August 17th. Chevron Corp.’s dividend payout ratio (DPR) is presently -1,097.44%.
A number of brokerages have recently commented on CVX. Vetr cut Chevron Corp. from a “buy” rating to a “hold” rating and set a $106.39 price target for the company. in a research note on Monday, June 20th. Zacks Investment Research lowered Chevron Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Piper Jaffray Cos. raised Chevron Corp. from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $110.00 to $117.00 in a research report on Tuesday, August 9th. Jefferies Group reaffirmed a “buy” rating and set a $116.00 target price (up from $114.00) on shares of Chevron Corp. in a research report on Wednesday, July 6th. Finally, Credit Suisse Group AG reaffirmed a “neutral” rating and set a $105.00 target price on shares of Chevron Corp. in a research report on Saturday, August 13th. Twelve research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $105.53.
In other news, Director Inge G. Thulin purchased 487 shares of the business’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Pierre R. Breber sold 21,000 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $98.77, for a total transaction of $2,074,170.00. The disclosure for this sale can be found here. 0.40% of the stock is currently 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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