Aperio Group LLC Purchases 49,179 Shares of Chevron Corporation (NYSE:CVX)
Aperio Group LLC boosted its stake in Chevron Corporation (NYSE:CVX) by 6.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 769,940 shares of the oil and gas company’s stock after buying an additional 49,179 shares during the period. Aperio Group LLC’s holdings in Chevron Corporation were worth $80,328,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Thompson Davis & CO. Inc. boosted its stake in shares of Chevron Corporation by 20.0% in the first quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock valued at $123,000 after buying an additional 191 shares in the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of Chevron Corporation during the fourth quarter valued at $139,000. Americafirst Capital Management LLC purchased a new stake in shares of Chevron Corporation during the first quarter valued at $140,000. Tortoise Investment Management LLC boosted its stake in shares of Chevron Corporation by 46.4% in the fourth quarter. Tortoise Investment Management LLC now owns 1,329 shares of the oil and gas company’s stock valued at $156,000 after buying an additional 421 shares in the last quarter. Finally, Daiwa SB Investments Ltd. boosted its stake in shares of Chevron Corporation by 438.5% in the second quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock valued at $146,000 after buying an additional 1,140 shares in the last quarter. 62.58% of the stock is owned by hedge funds and other institutional investors.
Chevron Corporation (CVX) traded up 0.70% during trading on Tuesday, reaching $110.55. The company’s stock had a trading volume of 1,280,550 shares. Chevron Corporation has a 12 month low of $97.53 and a 12 month high of $119.00. The company’s 50-day moving average is $105.21 and its 200-day moving average is $107.91. The stock has a market cap of $209.44 billion, a PE ratio of 35.85 and a beta of 1.23.
Chevron Corporation (NYSE:CVX) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $32.77 billion. Chevron Corporation had a return on equity of 4.13% and a net margin of 4.50%. The company’s quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.78) earnings per share. Equities analysts expect that Chevron Corporation will post $3.83 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 18th will be issued a dividend of $1.08 per share. The ex-dividend date is Wednesday, August 16th. This represents a $4.32 annualized dividend and a dividend yield of 3.94%. Chevron Corporation’s dividend payout ratio is 140.26%.
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Several brokerages have weighed in on CVX. Piper Jaffray Companies reissued a “buy” rating on shares of Chevron Corporation in a report on Thursday, August 3rd. TheStreet cut Chevron Corporation from a “b” rating to a “c+” rating in a report on Friday, July 28th. BidaskClub raised Chevron Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised Chevron Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, BNP Paribas raised Chevron Corporation from an “underperform” rating to a “neutral” rating and set a $105.00 price target for the company in a research note on Monday. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $116.22.
In other news, CFO Patricia E. Yarrington sold 39,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $111.00, for a total transaction of $4,329,000.00. Following the completion of the sale, the chief financial officer now owns 43,838 shares in the company, valued at $4,866,018. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider James William Johnson sold 31,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $110.68, for a total value of $3,431,080.00. Following the sale, the insider now owns 11,000 shares of the company’s stock, valued at approximately $1,217,480. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.
About Chevron Corporation
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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