Chevron Corporation (CVX) Shares Bought by Johnson Financial Group LLC
Johnson Financial Group LLC increased its position in Chevron Corporation (NYSE:CVX) by 3.4% during the second quarter, Holdings Channel reports. The firm owned 3,599 shares of the oil and gas company’s stock after buying an additional 119 shares during the period. Chevron Corporation comprises approximately 0.3% of Johnson Financial Group LLC’s holdings, making the stock its 23rd largest position. Johnson Financial Group LLC’s holdings in Chevron Corporation were worth $375,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in the company. State Street Corp boosted its position in Chevron Corporation by 1.1% in the first quarter. State Street Corp now owns 118,769,549 shares of the oil and gas company’s stock worth $12,752,287,000 after buying an additional 1,261,078 shares during the period. Norges Bank bought a new position in Chevron Corporation during the fourth quarter worth about $2,183,692,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Chevron Corporation by 1.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,721,044 shares of the oil and gas company’s stock worth $614,268,000 after buying an additional 54,154 shares during the period. Teachers Advisors LLC boosted its position in Chevron Corporation by 14.9% in the fourth quarter. Teachers Advisors LLC now owns 4,416,166 shares of the oil and gas company’s stock worth $519,783,000 after buying an additional 573,660 shares during the period. Finally, Fisher Asset Management LLC boosted its position in Chevron Corporation by 4.0% in the second quarter. Fisher Asset Management LLC now owns 3,799,120 shares of the oil and gas company’s stock worth $396,362,000 after buying an additional 147,750 shares during the period. 62.58% of the stock is currently owned by institutional investors.
Chevron Corporation (NYSE:CVX) traded down 0.30% during midday trading on Thursday, reaching $110.56. 2,024,884 shares of the company’s stock traded hands. The firm has a market cap of $209.51 billion, a PE ratio of 35.85 and a beta of 1.23. The firm’s 50-day moving average is $105.71 and its 200 day moving average is $107.78. Chevron Corporation has a 52-week low of $97.53 and a 52-week high of $119.00.
Chevron Corporation (NYSE:CVX) last issued its earnings results on Friday, July 28th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.02. The business had revenue of $34.48 billion during 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%. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.78) earnings per share. Equities research analysts expect that Chevron Corporation will post $3.80 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 18th will be issued a $1.08 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $4.32 annualized dividend and a yield of 3.90%. Chevron Corporation’s dividend payout ratio (DPR) is presently 140.26%.
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CVX has been the topic of a number of research analyst reports. Macquarie cut shares of Chevron Corporation from an “outperform” rating to a “neutral” rating and set a $105.00 price objective on the stock. in a research report on Wednesday, June 21st. TheStreet raised shares of Chevron Corporation from a “c” rating to a “b” rating in a research report on Tuesday, May 2nd. Piper Jaffray Companies reissued a “buy” rating on shares of Chevron Corporation in a research report on Thursday, August 3rd. BidaskClub cut shares of Chevron Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, Vetr raised shares of Chevron Corporation from a “buy” rating to a “strong-buy” rating and set a $120.46 price objective on the stock in a research report on Friday, April 14th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $116.18.
In other Chevron Corporation news, CFO Patricia E. Yarrington sold 39,000 shares of Chevron Corporation stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $111.00, for a total value of $4,329,000.00. Following the completion of the transaction, the chief financial officer now directly owns 43,838 shares of the company’s stock, valued at $4,866,018. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James William Johnson sold 31,000 shares of Chevron Corporation stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $110.68, for a total transaction of $3,431,080.00. Following the completion of the transaction, the insider now directly owns 11,000 shares of the company’s stock, valued at $1,217,480. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by 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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