Outfitter Advisors LTD. Maintains Holdings in Chevron Corporation (CVX)
Outfitter Advisors LTD. continued to hold its stake in shares of Chevron Corporation (NYSE:CVX) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,678 shares of the oil and gas company’s stock at the close of the second quarter. Outfitter Advisors LTD.’s holdings in Chevron Corporation were worth $592,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of CVX. Shine Investment Advisory Services Inc. purchased a new position in Chevron Corporation in the 2nd quarter worth approximately $106,000. Thompson Davis & CO. Inc. grew its stake 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 worth $123,000 after buying an additional 191 shares in the last quarter. Winfield Associates Inc. grew its stake in Chevron Corporation by 5.1% in the 2nd quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock worth $136,000 after buying an additional 63 shares in the last quarter. Daiwa SB Investments Ltd. grew its stake 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 worth $146,000 after buying an additional 1,140 shares in the last quarter. Finally, New Capital Management LP grew its stake 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 worth $156,000 after buying an additional 4 shares in the last quarter. 63.03% of the stock is owned by institutional investors.
Chevron Corporation (NYSE:CVX) opened at $116.92 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 0.84. Chevron Corporation has a 1-year low of $102.55 and a 1-year high of $120.89. The company has a market cap of $222,663.61, a price-to-earnings ratio of 32.84, a price-to-earnings-growth ratio of 3.92 and a beta of 1.22.
Chevron Corporation (NYSE:CVX) last issued its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.04. The business had revenue of $36.21 billion during the quarter, compared to analyst estimates of $34.06 billion. Chevron Corporation had a net margin of 4.79% and a return on equity of 4.59%. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.68 EPS. sell-side analysts predict that Chevron Corporation will post 4.28 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 17th will be given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Thursday, November 16th. Chevron Corporation’s dividend payout ratio is presently 125.95%.
In other news, VP R. Hewitt Pate sold 25,500 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $120.00, for a total value of $3,060,000.00. Following the sale, the vice president now directly owns 25,500 shares of the company’s stock, valued at approximately $3,060,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Michael K. Wirth sold 1,229 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $118.00, for a total transaction of $145,022.00. Following the completion of the sale, the insider now directly owns 1,229 shares in the company, valued at $145,022. The disclosure for this sale can be found here. Insiders bought a total of 50,000 shares of company stock worth $6,590 over the last ninety days. Insiders own 0.38% of the company’s stock.
CVX has been the subject of a number of research reports. Morgan Stanley boosted their price target on shares of Chevron Corporation from $120.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. Barclays PLC boosted their price objective on shares of Chevron Corporation from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, October 10th. Piper Jaffray Companies set a $119.00 price objective on shares of Chevron Corporation and gave the stock a “buy” rating in a report on Friday, August 25th. Jefferies Group LLC set a $130.00 price objective on shares of Chevron Corporation and gave the stock a “buy” rating in a report on Tuesday, August 29th. Finally, Scotiabank restated a “buy” rating on shares of Chevron Corporation in a report on Friday, September 15th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price 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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