Sharkey Howes & Javer Holds Stake in Chevron Corp. (CVX)
Sharkey Howes & Javer continued to hold its position in shares of Chevron Corp. (NYSE:CVX) during the second quarter, Holdings Channel reports. The fund owned 2,544 shares of the company’s stock at the end of the second quarter. Chevron Corp. makes up 0.2% of Sharkey Howes & Javer’s investment portfolio, making the stock its 29th largest position. Sharkey Howes & Javer’s holdings in Chevron Corp. were worth $267,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. RPg Family Wealth Advisory LLC boosted 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 worth $101,000 after buying an additional 134 shares in the last quarter. Marshall & Sullivan Inc. WA boosted 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 worth $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 worth $203,000. Swift Run Capital Management LLC purchased a new stake in shares of Chevron Corp. during the second quarter worth $204,000. Finally, Stillwater Capital Advisors LLC purchased a new stake in shares of Chevron Corp. during the second quarter worth $204,000. 62.24% of the stock is owned by hedge funds and other institutional investors.
Shares of Chevron Corp. (NYSE:CVX) traded up 0.09% during midday trading on Friday, hitting $102.27. The company had a trading volume of 5,844,492 shares. The firm’s market cap is $192.93 billion. The company’s 50 day moving average is $100.97 and its 200 day moving average is $101.05. Chevron Corp. has a one year low of $75.33 and a one year high of $107.58.
Chevron Corp. (NYSE:CVX) last announced its earnings results on Friday, July 29th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by $1.10. The company 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 firm’s revenue for the quarter was down 27.4% on a year-over-year basis. During the same period last year, the firm earned $0.30 earnings per share. Equities analysts forecast that Chevron Corp. will post $1.31 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Friday, August 19th were given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend 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%.
Several equities research analysts have recently commented on the company. 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 cut Chevron Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Piper Jaffray Cos. upgraded Chevron Corp. from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $110.00 to $117.00 in a research note on Tuesday, August 9th. Jefferies Group restated a “buy” rating and set a $116.00 price target (up previously from $114.00) on shares of Chevron Corp. in a research note on Wednesday, July 6th. Finally, Credit Suisse Group AG restated a “neutral” rating and set a $105.00 price target on shares of Chevron Corp. in a research note on Saturday, August 13th. Twelve research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Chevron Corp. presently has a consensus rating of “Buy” and a consensus price target of $105.53.
In other news, insider Michael K. Wirth sold 125,000 shares of Chevron Corp. stock in a transaction on Monday, August 1st. The stock was sold at an average price of $100.47, for a total transaction of $12,558,750.00. Following the transaction, the insider now owns 4,222 shares in the company, valued at $424,184.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Pierre R. Breber sold 21,000 shares of Chevron Corp. stock in a transaction on Tuesday, August 2nd. The shares were 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. Insiders own 0.40% of the company’s stock.
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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