Atlas Brown Inc. Sells 1,385 Shares of Chevron Corporation (NYSE:CVX)
Atlas Brown Inc. decreased its stake in Chevron Corporation (NYSE:CVX) by 4.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,607 shares of the oil and gas company’s stock after selling 1,385 shares during the period. Chevron Corporation makes up about 2.4% of Atlas Brown Inc.’s holdings, making the stock its 6th largest position. Atlas Brown Inc.’s holdings in Chevron Corporation were worth $2,776,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the company. Tyers Asset Management LLC bought a new position in shares of Chevron Corporation during the fourth quarter worth $29,711,000. Guardian Capital Advisors LP raised its position in shares of Chevron Corporation by 1.0% in the fourth quarter. Guardian Capital Advisors LP now owns 76,692 shares of the oil and gas company’s stock worth $8,997,000 after buying an additional 727 shares in the last quarter. Guardian Capital LP raised its position in shares of Chevron Corporation by 32.7% in the fourth quarter. Guardian Capital LP now owns 9,545 shares of the oil and gas company’s stock worth $1,123,000 after buying an additional 2,352 shares in the last quarter. Barrington Strategic Wealth Management Group LLC raised its position in shares of Chevron Corporation by 4.1% in the fourth quarter. Barrington Strategic Wealth Management Group LLC now owns 16,017 shares of the oil and gas company’s stock worth $1,885,000 after buying an additional 625 shares in the last quarter. Finally, Sandhill Capital Partners LLC raised its position in shares of Chevron Corporation by 7.5% in the fourth quarter. Sandhill Capital Partners LLC now owns 5,462 shares of the oil and gas company’s stock worth $643,000 after buying an additional 383 shares in the last quarter. 62.56% of the stock is currently owned by institutional investors and hedge funds.
Shares of Chevron Corporation (NYSE:CVX) traded up 0.62% on Friday, hitting $110.11. 4,643,512 shares of the stock were exchanged. The firm has a market cap of $208.61 billion, a price-to-earnings ratio of 35.70 and a beta of 1.23. Chevron Corporation has a one year low of $97.53 and a one year high of $119.00. The firm’s 50 day moving average price is $105.21 and its 200 day moving average price is $107.91.
Chevron Corporation (NYSE:CVX) last released its earnings results on Friday, July 28th. The oil and gas company reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.02. The firm had revenue of $34.48 billion for the quarter, compared to analysts’ expectations of $32.77 billion. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. Chevron Corporation’s quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.78) EPS. Equities analysts anticipate that Chevron Corporation will post $3.75 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 18th will be paid a dividend of $1.08 per share. The ex-dividend date is Wednesday, August 16th. This represents a $4.32 annualized dividend and a yield of 3.92%. Chevron Corporation’s payout ratio is 140.26%.
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CVX has been the topic of a number of research reports. TheStreet raised shares of Chevron Corporation from a “c” rating to a “b” rating in a research note on Tuesday, May 2nd. Macquarie lowered shares of Chevron Corporation from an “outperform” rating to a “neutral” rating and set a $105.00 price target on the stock. in a research note on Wednesday, June 21st. Piper Jaffray Companies reiterated a “buy” rating on shares of Chevron Corporation in a report on Thursday. BidaskClub downgraded shares of Chevron Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Finally, Vetr upgraded shares of Chevron Corporation from a “buy” rating to a “strong-buy” rating and set a $120.46 price objective for the company in a report on Friday, April 14th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $115.97.
In other Chevron Corporation news, CFO Patricia E. Yarrington sold 39,000 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $111.00, for a total transaction of $4,329,000.00. Following the transaction, the chief financial officer now owns 43,838 shares of the company’s stock, valued at approximately $4,866,018. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider James William Johnson sold 31,000 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $110.68, for a total transaction of $3,431,080.00. Following the transaction, the insider now directly owns 11,000 shares in the company, valued at approximately $1,217,480. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.
Chevron Corporation 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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