Greylin Investment Mangement Inc. Has $1,062,000 Position in Chevron Corporation (CVX)
Greylin Investment Mangement Inc. maintained its position in Chevron Corporation (NYSE:CVX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,175 shares of the oil and gas company’s stock at the close of the 2nd quarter. Greylin Investment Mangement Inc.’s holdings in Chevron Corporation were worth $1,062,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently added to or reduced their stakes in CVX. Chesley Taft & Associates LLC lifted its position in shares of Chevron Corporation by 0.7% during the 1st quarter. Chesley Taft & Associates LLC now owns 58,832 shares of the oil and gas company’s stock valued at $6,317,000 after acquiring an additional 410 shares during the period. Gulf International Bank UK Ltd lifted its position in shares of Chevron Corporation by 2.3% during the 1st quarter. Gulf International Bank UK Ltd now owns 589,765 shares of the oil and gas company’s stock valued at $63,323,000 after acquiring an additional 13,400 shares during the period. Union Bankshares Corp lifted its position in shares of Chevron Corporation by 1.5% during the 1st quarter. Union Bankshares Corp now owns 66,084 shares of the oil and gas company’s stock valued at $7,095,000 after acquiring an additional 969 shares during the period. Dynamic Advisors Solutions LLC lifted its position in shares of Chevron Corporation by 1.1% during the 1st quarter. Dynamic Advisors Solutions LLC now owns 17,328 shares of the oil and gas company’s stock valued at $1,861,000 after acquiring an additional 197 shares during the period. Finally, Lynch & Associates IN lifted its position in shares of Chevron Corporation by 3.5% during the 1st quarter. Lynch & Associates IN now owns 45,834 shares of the oil and gas company’s stock valued at $4,921,000 after acquiring an additional 1,565 shares during the period. Hedge funds and other institutional investors own 62.74% of the company’s stock.
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Shares of Chevron Corporation (NYSE:CVX) traded up 0.73% during trading on Tuesday, reaching $116.03. The company’s stock had a trading volume of 2,692,896 shares. The stock’s 50-day moving average is $109.67 and its 200-day moving average is $107.12. Chevron Corporation has a 12-month low of $97.68 and a 12-month high of $119.00. The stock has a market cap of $219.88 billion, a P/E ratio of 37.62 and a beta of 1.23.
Chevron Corporation (NYSE:CVX) last released 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. Chevron Corporation had a return on equity of 4.13% and a net margin of 4.50%. The business had revenue of $34.48 billion for the quarter, compared to the consensus estimate of $32.77 billion. During the same quarter last year, the business posted ($0.78) earnings per share. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. Equities research analysts anticipate that Chevron Corporation will post $3.86 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 18th were given a dividend of $1.08 per share. The ex-dividend date was Wednesday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 3.75%. Chevron Corporation’s payout ratio is 140.26%.
In other news, CFO Patricia E. Yarrington sold 39,000 shares of Chevron Corporation stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $111.00, for a total value of $4,329,000.00. Following the transaction, the chief financial officer now owns 43,838 shares in the company, valued at $4,866,018. The transaction was disclosed in a document filed with the SEC, 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 value of $3,431,080.00. Following the completion of the transaction, the insider now owns 11,000 shares in the company, valued at approximately $1,217,480. The disclosure for this sale can be found here. Insiders have sold 72,312 shares of company stock worth $8,008,343 in the last 90 days. Company insiders own 0.38% of the company’s stock.
A number of analysts have recently weighed in on CVX shares. Scotiabank reiterated a “buy” rating and set a $113.00 target price on shares of Chevron Corporation in a research report on Friday, June 30th. Jefferies Group LLC set a $135.00 target price on Chevron Corporation and gave the company a “buy” rating in a research report on Saturday, June 24th. BMO Capital Markets set a $130.00 target price on Chevron Corporation and gave the company a “buy” rating in a research report on Thursday, June 22nd. HSBC Holdings plc upgraded Chevron Corporation from a “hold” rating to a “buy” rating and cut their target price 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. cut their target price on 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 research analysts have rated the stock with a sell rating, seven have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $116.65.
Chevron Corporation 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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