Chevron Corp. (CVX) Position Maintained by Capital Planning Advisors LLC
Capital Planning Advisors LLC maintained its stake in Chevron Corp. (NYSE:CVX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,542 shares of the company’s stock at the end of the second quarter. Capital Planning Advisors LLC’s holdings in Chevron Corp. were worth $1,105,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of CVX. CHURCHILL MANAGEMENT Corp purchased a new position in Chevron Corp. during the second quarter worth about $2,118,000. Chevy Chase Trust Holdings Inc. increased its position in Chevron Corp. by 0.7% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 1,644,631 shares of the company’s stock worth $172,407,000 after buying an additional 11,249 shares during the period. Howard Capital Management increased its position in Chevron Corp. by 1.2% in the second quarter. Howard Capital Management now owns 136,346 shares of the company’s stock worth $14,293,000 after buying an additional 1,676 shares during the period. First Quadrant L P CA increased its position in Chevron Corp. by 0.8% in the second quarter. First Quadrant L P CA now owns 245,387 shares of the company’s stock worth $25,724,000 after buying an additional 2,042 shares during the period. Finally, Arizona State Retirement System increased its position in Chevron Corp. by 1.8% in the first quarter. Arizona State Retirement System now owns 730,403 shares of the company’s stock worth $69,680,000 after buying an additional 13,100 shares during the period. 62.24% of the stock is owned by institutional investors and hedge funds.
Chevron Corp. (NYSE:CVX) traded up 0.29% during mid-day trading on Friday, reaching $101.08. The company’s stock had a trading volume of 5,114,718 shares. Chevron Corp. has a 52 week low of $75.33 and a 52 week high of $107.58. The firm’s market capitalization is $190.69 billion. The company’s 50-day moving average price is $101.00 and its 200 day moving average price is $101.27.
Chevron Corp. (NYSE:CVX) last released its earnings results 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. Chevron Corp. had a positive return on equity of 1.07% and a negative net margin of 0.64%. The business earned $29.28 billion during the quarter, compared to analysts’ expectations of $25.78 billion. During the same period last year, the business earned $0.30 earnings per share. The company’s revenue for the quarter was down 27.4% compared to the same quarter last year. On average, equities analysts forecast that Chevron Corp. will post $1.31 earnings per share for the current fiscal year.
A number of research firms have recently issued reports on CVX. Vetr upgraded Chevron Corp. from a “hold” rating to a “buy” rating and set a $107.24 price target on the stock in a research note on Tuesday, August 9th. Jefferies Group reiterated a “buy” rating on shares of Chevron Corp. in a research report on Thursday, September 8th. Barclays PLC reiterated an “equal weight” rating and set a $125.00 target price on shares of Chevron Corp. in a research report on Thursday, July 28th. Zacks Investment Research downgraded Chevron Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Finally, BMO Capital Markets started coverage on Chevron Corp. in a research report on Monday, September 12th. They set an “outperform” rating and a $120.00 target price on the stock. Thirteen research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $105.09.
In other news, Director Inge G. Thulin purchased 487 shares of Chevron Corp. stock in a transaction dated Monday, August 15th. The shares were purchased at an average price of $102.87 per share, with a total value of $50,097.69. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Pierre R. Breber sold 21,000 shares of Chevron Corp. 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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