Chevron Corporation (CVX) Shares Sold by Aristotle Capital Management LLC
Aristotle Capital Management LLC decreased its holdings in Chevron Corporation (NYSE:CVX) by 0.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,540 shares of the oil and gas company’s stock after selling 30 shares during the period. Aristotle Capital Management LLC’s holdings in Chevron Corporation were worth $487,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. HPM Partners LLC increased its holdings in shares of Chevron Corporation by 197.0% in the 1st quarter. HPM Partners LLC now owns 38,735 shares of the oil and gas company’s stock worth $4,159,000 after purchasing an additional 25,691 shares in the last quarter. Strategic Financial Group LLC grew its holdings in shares of Chevron Corporation by 6.0% in the first quarter. Strategic Financial Group LLC now owns 8,979 shares of the oil and gas company’s stock worth $964,000 after acquiring an additional 510 shares during the period. Lincoln National Corp grew its holdings in shares of Chevron Corporation by 33.3% in the first quarter. Lincoln National Corp now owns 82,502 shares of the oil and gas company’s stock worth $8,859,000 after acquiring an additional 20,615 shares during the period. Rothschild Investment Corp IL grew its holdings in shares of Chevron Corporation by 2.3% in the first quarter. Rothschild Investment Corp IL now owns 41,232 shares of the oil and gas company’s stock worth $4,427,000 after acquiring an additional 919 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Chevron Corporation by 7.7% in the first quarter. Janney Montgomery Scott LLC now owns 504,112 shares of the oil and gas company’s stock worth $54,127,000 after acquiring an additional 36,257 shares during the period. 62.84% of the stock is owned by institutional investors and hedge funds.
In related news, 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 value of $3,431,080.00. Following the transaction, the insider now directly owns 11,000 shares of the company’s stock, valued at approximately $1,217,480. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 completion of the transaction, the chief financial officer now directly owns 43,838 shares in the company, valued at $4,866,018. The disclosure for this sale can be found here. Insiders sold a total of 72,312 shares of company stock worth $8,008,343 over the last ninety days. 0.38% of the stock is currently owned by corporate insiders.
Shares of Chevron Corporation (NYSE CVX) traded up 0.8488% during midday trading on Wednesday, hitting $113.4448. The stock had a trading volume of 1,889,888 shares. Chevron Corporation has a 52-week low of $97.53 and a 52-week high of $119.00. The stock has a market cap of $214.98 billion, a PE ratio of 36.7850 and a beta of 1.23. The firm has a 50 day moving average price of $108.41 and a 200-day moving average price of $107.06.
Chevron Corporation (NYSE:CVX) last issued its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.02. The firm had revenue of $34.48 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company posted ($0.78) EPS. Equities analysts predict that Chevron Corporation will post $3.86 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 18th were paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend was Wednesday, August 16th. Chevron Corporation’s dividend payout ratio is presently 140.26%.
Several analysts recently commented on the company. Credit Suisse Group set a $123.00 price objective on Chevron Corporation and gave the stock a “buy” rating in a report on Friday, August 25th. Citigroup Inc. cut their price objective on Chevron Corporation from $129.00 to $118.00 and set a “buy” rating for the company in a report on Friday, July 21st. BMO Capital Markets set a $120.00 price objective on Chevron Corporation and gave the stock a “buy” rating in a report on Sunday, July 30th. Exane BNP Paribas lowered Chevron Corporation from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $105.00 to $100.00 in a report on Friday, May 26th. Finally, BidaskClub raised Chevron Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $116.40.
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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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