Chevron Corporation (CVX) Shares Sold by Chilton Capital Management LLC
Chilton Capital Management LLC reduced its holdings in Chevron Corporation (NYSE:CVX) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,261 shares of the oil and gas company’s stock after selling 60 shares during the period. Chilton Capital Management LLC’s holdings in Chevron were worth $862,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the stock. Pathstone Family Office LLC increased its position in Chevron by 2.5% in the 2nd quarter. Pathstone Family Office LLC now owns 813 shares of the oil and gas company’s stock worth $2,170,000 after purchasing an additional 20 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new position in Chevron in the 2nd quarter worth about $106,000. Thompson Davis & CO. Inc. increased its position in Chevron 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 purchasing an additional 191 shares during the last quarter. Winfield Associates Inc. increased its position in Chevron 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 purchasing an additional 63 shares during the last quarter. Finally, Daiwa SB Investments Ltd. increased its position in Chevron 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 purchasing an additional 1,140 shares during the last quarter. 63.93% of the stock is owned by hedge funds and other institutional investors.
Shares of Chevron Corporation (NYSE:CVX) traded up $0.93 during mid-day trading on Monday, hitting $120.85. The company’s stock had a trading volume of 436,704 shares, compared to its average volume of 5,613,547. 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 52 week low of $102.55 and a 52 week high of $122.30. The company has a market cap of $227,772.92, a P/E ratio of 33.59, a P/E/G ratio of 3.97 and a beta of 1.21.
Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.04. Chevron had a return on equity of 4.59% and a net margin of 4.79%. The company had revenue of $36.21 billion during the quarter, compared to the consensus estimate of $34.06 billion. During the same quarter last year, the company earned $0.68 EPS. The company’s quarterly revenue was up 20.1% on a year-over-year basis. equities analysts expect that Chevron Corporation will post 4.32 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 is Thursday, November 16th. This represents a $4.32 annualized dividend and a dividend yield of 3.57%. Chevron’s dividend payout ratio (DPR) is presently 125.95%.
Several research analysts have weighed in on CVX shares. TheStreet raised Chevron from a “c+” rating to a “b” rating in a research report on Monday, October 23rd. Jefferies Group set a $130.00 price objective on Chevron and gave the company a “buy” rating in a report on Tuesday, August 29th. Piper Jaffray Companies set a $119.00 price objective on Chevron and gave the company a “buy” rating in a report on Friday, August 25th. Credit Suisse Group set a $123.00 price objective on Chevron and gave the company a “buy” rating in a report on Friday, August 25th. Finally, Goldman Sachs Group reissued a “buy” rating and set a $123.00 price objective (up previously from $118.00) on shares of Chevron in a report on Tuesday, September 19th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $121.22.
In related news, VP R. Hewitt Pate sold 25,500 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $120.00, for a total transaction of $3,060,000.00. Following the completion of the transaction, the vice president now owns 25,500 shares in the company, valued at approximately $3,060,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Michael K. Wirth sold 1,229 shares of the firm’s stock in a transaction that occurred 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 approximately $145,022. The disclosure for this sale can be found here. Insiders have sold a total of 314,000 shares of company stock valued at $36,540,822 in the last 90 days. 0.38% of the stock is owned by corporate insiders.
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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