Bollard Group LLC Purchases 765 Shares of Chevron Corp. (CVX)
Bollard Group LLC increased its stake in Chevron Corp. (NYSE:CVX) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,914 shares of the company’s stock after buying an additional 765 shares during the period. Chevron Corp. comprises about 0.6% of Bollard Group LLC’s portfolio, making the stock its 19th largest position. Bollard Group LLC’s holdings in Chevron Corp. were worth $9,426,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC boosted its position 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 during the period. Marshall & Sullivan Inc. WA boosted its position 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 during the period. Carnick & Kubik LLC acquired a new position in shares of Chevron Corp. during the first quarter valued at about $188,000. Exane Derivatives boosted its position in shares of Chevron Corp. by 57.3% in the first quarter. Exane Derivatives now owns 1,994 shares of the company’s stock valued at $190,000 after buying an additional 726 shares during the period. Finally, Sterling Investment Advisors LLC ADV acquired a new position in shares of Chevron Corp. during the second quarter valued at about $203,000. Institutional investors and hedge funds own 62.24% of the company’s stock.
Shares of Chevron Corp. (NYSE:CVX) traded down 0.86% during midday trading on Wednesday, hitting $102.15. 4,935,130 shares of the company’s stock were exchanged. The stock’s market cap is $192.71 billion. Chevron Corp. has a 1-year low of $75.33 and a 1-year high of $107.58. The stock’s 50 day moving average is $101.05 and its 200-day moving average is $101.22.
Chevron Corp. (NYSE:CVX) last issued its quarterly 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 earned $29.28 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was down 27.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 EPS. Analysts predict that Chevron Corp. will post $1.31 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, August 19th were paid a $1.07 dividend. The ex-dividend date was Wednesday, August 17th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.19%. Chevron Corp.’s dividend payout ratio (DPR) is presently -1,097.44%.
A number of research analysts have weighed in on the stock. Vetr cut 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 reaffirmed a “neutral” rating and issued a $105.00 price objective on shares of Chevron Corp. in a report on Saturday, August 13th. Jefferies Group reaffirmed a “buy” rating on shares of Chevron Corp. in a report on Friday, August 5th. Simmons raised shares of Chevron Corp. from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $110.00 to $117.00 in a report on Tuesday, August 9th. Finally, Zacks Investment Research raised 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. Thirteen investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $105.09.
In related news, Director Inge G. Thulin purchased 487 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The stock was acquired at an average price of $102.87 per share, for a total transaction of $50,097.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Pierre R. Breber sold 21,000 shares of Chevron Corp. stock in a transaction on Tuesday, August 2nd. The stock was 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 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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