Chevron Corporation (CVX) Shares Sold by Bingham Osborn & Scarborough LLC
Bingham Osborn & Scarborough LLC cut its holdings in Chevron Corporation (NYSE:CVX) by 9.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,790 shares of the oil and gas company’s stock after selling 1,856 shares during the quarter. Bingham Osborn & Scarborough LLC’s holdings in Chevron Corporation were worth $1,960,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. Shine Investment Advisory Services Inc. acquired a new stake in shares of Chevron Corporation during the second quarter valued at about $106,000. Thompson Davis & CO. Inc. boosted its stake in shares of Chevron Corporation by 20.0% during 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 purchasing an additional 191 shares in the last quarter. Winfield Associates Inc. boosted its stake in shares of Chevron Corporation by 5.1% during the second quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock valued at $136,000 after purchasing an additional 63 shares in the last quarter. Daiwa SB Investments Ltd. boosted its stake in shares of Chevron Corporation by 438.5% during 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 purchasing an additional 1,140 shares in the last quarter. Finally, New Capital Management LP boosted its stake in shares of Chevron Corporation by 0.3% during the first quarter. New Capital Management LP now owns 1,455 shares of the oil and gas company’s stock valued at $156,000 after purchasing an additional 4 shares in the last quarter. 63.03% of the stock is currently owned by institutional investors and hedge funds.
Chevron Corporation (NYSE:CVX) opened at $117.23 on Tuesday. The stock has a market capitalization of $222,568.64, a P/E ratio of 32.82, a P/E/G ratio of 3.91 and a beta of 1.22. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.23. Chevron Corporation has a 1 year low of $102.55 and a 1 year high of $120.89.
Chevron Corporation (NYSE:CVX) last announced its earnings results on Friday, October 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.04. The company had revenue of $36.21 billion for the quarter, compared to analysts’ expectations of $34.06 billion. Chevron Corporation had a return on equity of 4.59% and a net margin of 4.79%. Chevron Corporation’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.68 earnings per share. research analysts forecast that Chevron Corporation will post 4.28 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be given a dividend of $1.08 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $4.32 annualized dividend and a dividend yield of 3.69%. Chevron Corporation’s payout ratio is 125.95%.
In other Chevron Corporation news, Vice Chairman Michael K. Wirth sold 1,229 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $118.00, for a total value of $145,022.00. Following the transaction, the insider now owns 1,229 shares of the company’s stock, valued at $145,022. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Linnet F. Deily sold 2,312 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $107.38, for a total value of $248,262.56. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 50,000 shares of company stock worth $6,590 and have sold 29,041 shares worth $3,453,285. 0.38% of the stock is owned by insiders.
CVX has been the topic of a number of recent research reports. Jefferies Group LLC reissued a “buy” rating and set a $137.00 price target (up from $113.54) on shares of Chevron Corporation in a research note on Monday, October 30th. Piper Jaffray Companies reissued a “buy” rating on shares of Chevron Corporation in a research note on Thursday, August 3rd. Zacks Investment Research upgraded Chevron Corporation from a “hold” rating to a “buy” rating and set a $131.00 price objective for the company in a research report on Friday. BidaskClub downgraded Chevron Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, Wells Fargo & Company downgraded Chevron Corporation to an “outperform” rating and lowered their price objective for the stock from $124.00 to $102.00 in a research report on Monday, July 17th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $120.63.
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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