Chevron Corporation (CVX) Shares Bought by Fiduciary Financial Services of The Southwest Inc. TX
Fiduciary Financial Services of The Southwest Inc. TX increased its stake in shares of Chevron Corporation (NYSE:CVX) by 1.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,108 shares of the oil and gas company’s stock after acquiring an additional 210 shares during the quarter. Fiduciary Financial Services of The Southwest Inc. TX’s holdings in Chevron Corporation were worth $1,263,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in CVX. Wrapmanager Inc. grew its position in Chevron Corporation by 14.9% during the 2nd quarter. Wrapmanager Inc. now owns 17,352 shares of the oil and gas company’s stock worth $1,810,000 after purchasing an additional 2,247 shares during the last quarter. LMR Partners LLP purchased a new position in Chevron Corporation during the 2nd quarter worth $4,125,000. Dupont Capital Management Corp grew its position in Chevron Corporation by 11.0% during the 2nd quarter. Dupont Capital Management Corp now owns 290,785 shares of the oil and gas company’s stock worth $30,338,000 after purchasing an additional 28,926 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp grew its position in Chevron Corporation by 3.6% during the 2nd quarter. Obermeyer Wood Investment Counsel Lllp now owns 9,015 shares of the oil and gas company’s stock worth $941,000 after purchasing an additional 311 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Chevron Corporation by 2.0% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 890,515 shares of the oil and gas company’s stock worth $92,907,000 after purchasing an additional 17,711 shares during the last quarter. Hedge funds and other institutional investors own 63.03% of the company’s stock.
Chevron Corporation (CVX) opened at $114.57 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.23. The stock has a market cap of $221,182.08, a PE ratio of 32.62, a price-to-earnings-growth ratio of 3.89 and a beta of 1.22. Chevron Corporation has a 52-week low of $102.55 and a 52-week 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, topping analysts’ consensus estimates of $0.99 by $0.04. The company had revenue of $36.21 billion during the quarter, compared to analysts’ expectations of $34.06 billion. Chevron Corporation had a net margin of 4.79% and a return on equity of 4.59%. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.68 earnings per share. equities analysts expect that Chevron Corporation will post 4.28 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 17th will be given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date is Thursday, November 16th. Chevron Corporation’s payout ratio is currently 125.95%.
In other Chevron Corporation news, insider Pierre R. Breber sold 23,250 shares of Chevron Corporation stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $116.85, for a total transaction of $2,716,762.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Michael K. Wirth sold 1,229 shares of Chevron Corporation 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 transaction, the insider now owns 1,229 shares of the company’s stock, valued at approximately $145,022. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 41,000 shares of company stock valued at $5,420 and have sold 49,979 shares valued at $5,921,785. Insiders own 0.38% of the company’s stock.
Several research analysts have issued reports on CVX shares. UBS AG set a $105.00 price objective on shares of Chevron Corporation and gave the stock a “neutral” rating in a research report on Wednesday, September 6th. Morgan Stanley raised their price objective on shares of Chevron Corporation from $120.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th. Credit Suisse Group set a $123.00 price objective on shares of Chevron Corporation and gave the stock a “buy” rating in a research 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 research report on Tuesday, August 29th. Finally, Wolfe Research raised shares of Chevron Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, October 16th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the company. Chevron Corporation has an average rating of “Hold” and a consensus price target of $120.63.
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.
Want to see what other hedge funds are holding CVX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chevron Corporation (NYSE:CVX).
Receive News & Ratings for Chevron Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron Corporation and related companies with MarketBeat.com's FREE daily email newsletter.