Campbell & CO Investment Adviser LLC acquired a new position in shares of Chevron Co. (NYSE:CVX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,626 shares of the oil and gas company’s stock, valued at approximately $332,000.
A number of other large investors have also recently bought and sold shares of the business. Advisory Research Inc. raised its stake in Chevron by 3.4% during the fourth quarter. Advisory Research Inc. now owns 13,880 shares of the oil and gas company’s stock valued at $1,738,000 after purchasing an additional 461 shares in the last quarter. Toronto Dominion Bank raised its stake in Chevron by 11.9% during the fourth quarter. Toronto Dominion Bank now owns 925,729 shares of the oil and gas company’s stock valued at $115,891,000 after purchasing an additional 98,517 shares in the last quarter. Global Financial Private Capital LLC raised its stake in Chevron by 7.4% during the fourth quarter. Global Financial Private Capital LLC now owns 297,868 shares of the oil and gas company’s stock valued at $37,290,000 after purchasing an additional 20,400 shares in the last quarter. Olstein Capital Management L.P. raised its stake in Chevron by 5.9% during the fourth quarter. Olstein Capital Management L.P. now owns 18,000 shares of the oil and gas company’s stock valued at $2,253,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Global X Management Co. LLC raised its stake in Chevron by 8.0% during the fourth quarter. Global X Management Co. LLC now owns 15,251 shares of the oil and gas company’s stock valued at $1,909,000 after purchasing an additional 1,131 shares in the last quarter. 65.02% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently issued reports on the stock. Goldman Sachs Group reaffirmed a “buy” rating and set a $141.00 price target on shares of Chevron in a research note on Tuesday, July 31st. Barclays upped their price target on shares of Chevron from $145.00 to $148.00 and gave the company an “overweight” rating in a research note on Wednesday, July 11th. Zacks Investment Research raised shares of Chevron from a “hold” rating to a “strong-buy” rating and set a $147.00 price target on the stock in a research note on Wednesday, June 13th. Mizuho initiated coverage on shares of Chevron in a research report on Friday, June 8th. They set a “buy” rating and a $145.00 price objective on the stock. Finally, Royal Bank of Canada reiterated a “neutral” rating and set a $145.00 price objective on shares of Chevron in a research report on Monday, July 2nd. Eight investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Chevron currently has an average rating of “Buy” and an average target price of $138.49.
Shares of Chevron stock opened at $118.92 on Thursday. The company has a current ratio of 1.08, a quick ratio of 0.87 and a debt-to-equity ratio of 0.20. Chevron Co. has a 1 year low of $108.02 and a 1 year high of $133.88. The stock has a market cap of $226.99 billion, a price-to-earnings ratio of 32.14, a price-to-earnings-growth ratio of 2.09 and a beta of 1.07.
Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, July 27th. The oil and gas company reported $1.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.09 by ($0.31). The firm had revenue of $42.24 billion for the quarter, compared to analysts’ expectations of $46.62 billion. Chevron had a net margin of 7.87% and a return on equity of 6.89%. The business’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 earnings per share. equities research analysts forecast that Chevron Co. will post 8.1 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 10th. Investors of record on Friday, August 17th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.77%. The ex-dividend date is Thursday, August 16th. Chevron’s payout ratio is currently 121.08%.
In related news, EVP James William Johnson sold 4,750 shares of the stock in a transaction that occurred on Thursday, June 14th. The shares were sold at an average price of $126.96, for a total value of $603,060.00. Following the completion of the transaction, the executive vice president now directly owns 4,750 shares of the company’s stock, valued at approximately $603,060. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.46% of the company’s stock.
Chevron Company Profile
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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