Ropes Wealth Advisors LLC boosted its position in Chevron Co. (NYSE:CVX) by 17.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 28,839 shares of the oil and gas company’s stock after acquiring an additional 4,200 shares during the quarter. Ropes Wealth Advisors LLC’s holdings in Chevron were worth $3,077,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Exencial Wealth Advisors LLC grew its stake in Chevron by 22.5% in the 1st quarter. Exencial Wealth Advisors LLC now owns 53,204 shares of the oil and gas company’s stock valued at $5,575,000 after buying an additional 9,776 shares during the last quarter. Intersect Capital LLC boosted its holdings in Chevron by 4.8% in the 1st quarter. Intersect Capital LLC now owns 21,451 shares of the oil and gas company’s stock valued at $2,248,000 after purchasing an additional 989 shares during the period. Atlantic Union Bankshares Corp boosted its holdings in Chevron by 1.5% in the 1st quarter. Atlantic Union Bankshares Corp now owns 92,482 shares of the oil and gas company’s stock valued at $9,691,000 after purchasing an additional 1,328 shares during the period. Koshinski Asset Management Inc. boosted its holdings in Chevron by 31.5% in the 1st quarter. Koshinski Asset Management Inc. now owns 18,089 shares of the oil and gas company’s stock valued at $1,896,000 after purchasing an additional 4,330 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in Chevron by 5.0% in the 1st quarter. Fifth Third Bancorp now owns 922,352 shares of the oil and gas company’s stock valued at $96,653,000 after purchasing an additional 44,220 shares during the period. Institutional investors and hedge funds own 66.03% of the company’s stock.
In other news, Director Enrique Hernandez, Jr. sold 5,101 shares of Chevron stock in a transaction that occurred on Monday, May 10th. The shares were sold at an average price of $110.79, for a total transaction of $565,139.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is owned by insiders.
CVX traded down $0.27 during midday trading on Friday, hitting $108.14. The company had a trading volume of 111,961 shares, compared to its average volume of 10,596,347. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.11 and a quick ratio of 0.90. The company has a market capitalization of $208.50 billion, a P/E ratio of -26.00, a PEG ratio of 3.99 and a beta of 1.31. Chevron Co. has a twelve month low of $65.16 and a twelve month high of $113.11. The firm has a 50-day moving average price of $105.26.
Chevron (NYSE:CVX) last posted its quarterly earnings data on Thursday, April 29th. The oil and gas company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.02). Chevron had a negative net margin of 8.15% and a negative return on equity of 0.82%. The company had revenue of $32.03 billion during the quarter, compared to analyst estimates of $31.82 billion. During the same quarter in the previous year, the business posted $1.29 EPS. The company’s revenue was up 1.7% compared to the same quarter last year. On average, research analysts anticipate that Chevron Co. will post 5.4 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 10th. Stockholders of record on Wednesday, May 19th were given a dividend of $1.34 per share. This is a boost from Chevron’s previous quarterly dividend of $1.29. The ex-dividend date was Tuesday, May 18th. This represents a $5.36 annualized dividend and a dividend yield of 4.96%. Chevron’s payout ratio is currently -2,680.00%.
Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.
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