Investment Partners Ltd. OH ADV Grows Holdings in Chevron Corporation (CVX)
Investment Partners Ltd. OH ADV raised its stake in Chevron Corporation (NYSE:CVX) by 18.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,491 shares of the oil and gas company’s stock after buying an additional 1,020 shares during the period. Investment Partners Ltd. OH ADV’s holdings in Chevron Corporation were worth $677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. boosted its position in Chevron Corporation by 20.0% in the 1st 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 during the period. Americafirst Capital Management LLC purchased a new stake in Chevron Corporation in the 1st quarter valued at about $140,000. Daiwa SB Investments Ltd. boosted its position in Chevron Corporation by 438.5% in the 2nd 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 during the period. New Capital Management LP boosted its position in Chevron Corporation by 0.3% in the 1st quarter. New Capital Management LP now owns 1,455 shares of the oil and gas company’s stock valued at $156,000 after buying an additional 4 shares during the period. Finally, Marshall & Sullivan Inc. WA boosted its position in Chevron Corporation by 8.8% in the 1st quarter. Marshall & Sullivan Inc. WA now owns 1,985 shares of the oil and gas company’s stock valued at $213,000 after buying an additional 160 shares during the period. 62.84% of the stock is owned by institutional investors.
In other Chevron Corporation news, Director Linnet F. Deily sold 2,312 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $107.38, for a total value of $248,262.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James William Johnson sold 31,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 11,000 shares in the company, valued at $1,217,480. The disclosure for this sale can be found here. Insiders have sold a total of 72,312 shares of company stock valued at $8,008,343 in the last 90 days. Insiders own 0.38% of the company’s stock.
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Shares of Chevron Corporation (NYSE:CVX) traded up 0.16% on Friday, reaching $114.63. 8,387,623 shares of the company’s stock were exchanged. Chevron Corporation has a one year low of $97.68 and a one year high of $119.00. The firm has a market capitalization of $217.22 billion, a P/E ratio of 37.17 and a beta of 1.23. The firm has a 50 day moving average of $109.46 and a 200 day moving average of $107.20.
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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.02. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. The company had revenue of $34.48 billion during the quarter, compared to the consensus estimate of $32.77 billion. During the same quarter in the previous year, the firm earned ($0.78) earnings per share. The firm’s quarterly revenue was up 17.8% on a year-over-year basis. On average, equities research analysts predict that Chevron Corporation will post $3.86 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, August 18th were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $4.32 annualized dividend and a dividend yield of 3.77%. Chevron Corporation’s dividend payout ratio is presently 140.26%.
Several equities research analysts have issued reports on CVX shares. Scotiabank reissued a “buy” rating and issued a $113.00 price objective on shares of Chevron Corporation in a research report on Friday, June 30th. Jefferies Group LLC set a $135.00 price objective on shares of Chevron Corporation and gave the company a “buy” rating in a research report on Saturday, June 24th. BMO Capital Markets set a $130.00 price objective on shares of Chevron Corporation and gave the company a “buy” rating in a research report on Thursday, June 22nd. HSBC Holdings plc raised shares of Chevron Corporation from a “hold” rating to a “buy” rating and lowered their price objective for the company from $124.00 to $119.00 in a research report on Monday, June 5th. They noted that the move was a valuation call. Finally, Citigroup Inc. lowered their price objective on shares of Chevron Corporation from $129.00 to $118.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Chevron Corporation has a consensus rating of “Buy” and a consensus price target of $116.40.
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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