Live Your Vision LLC raised its stake in shares of Chevron Co. (NYSE:CVX) by 308.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 816 shares of the oil and gas company’s stock after purchasing an additional 616 shares during the quarter. Live Your Vision LLC’s holdings in Chevron were worth $101,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of CVX. Reilly Herbert Faulkner III grew its position in shares of Chevron by 4.5% in the 1st quarter. Reilly Herbert Faulkner III now owns 30,697 shares of the oil and gas company’s stock worth $3,501,000 after buying an additional 1,334 shares during the period. Fiera Capital Corp grew its position in shares of Chevron by 1.6% in the 1st quarter. Fiera Capital Corp now owns 298,283 shares of the oil and gas company’s stock worth $34,016,000 after buying an additional 4,800 shares during the period. United Capital Financial Advisers LLC grew its position in shares of Chevron by 3.6% in the 1st quarter. United Capital Financial Advisers LLC now owns 734,041 shares of the oil and gas company’s stock worth $83,710,000 after buying an additional 25,576 shares during the period. Russell Investments Group Ltd. grew its position in shares of Chevron by 11.8% in the 1st quarter. Russell Investments Group Ltd. now owns 1,728,252 shares of the oil and gas company’s stock worth $196,613,000 after buying an additional 182,810 shares during the period. Finally, Roosevelt Investment Group Inc. grew its position in shares of Chevron by 21.7% in the 1st quarter. Roosevelt Investment Group Inc. now owns 73,364 shares of the oil and gas company’s stock worth $8,366,000 after buying an additional 13,097 shares during the period. 65.02% of the stock is currently owned by institutional investors and hedge funds.
Shares of CVX stock opened at $114.60 on Friday. Chevron Co. has a one year low of $108.02 and a one year high of $133.88. The stock has a market cap of $227.87 billion, a P/E ratio of 30.97, a PEG ratio of 2.10 and a beta of 1.06. 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 (NYSE:CVX) last posted its earnings results on Friday, July 27th. The oil and gas company reported $1.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.09 by ($0.31). The company had revenue of $42.24 billion for the quarter, compared to the consensus estimate of $46.62 billion. Chevron had a net margin of 7.87% and a return on equity of 6.89%. Chevron’s revenue was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.77 EPS. analysts forecast that Chevron Co. will post 8.1 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Shareholders of record on Friday, August 17th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.91%. The ex-dividend date is Thursday, August 16th. Chevron’s dividend payout ratio is currently 121.08%.
A number of analysts have recently weighed in on the stock. Mizuho assumed coverage on shares of Chevron in a research report on Friday, June 8th. They issued a “buy” rating and a $145.00 target price on the stock. Bank of America downgraded shares of Chevron from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $150.00 to $135.00 in a research report on Thursday. Barclays upped their target price on shares of Chevron from $145.00 to $148.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 11th. Macquarie downgraded shares of Chevron from an “outperform” rating to a “neutral” rating and set a $125.00 target price on the stock. in a research report on Tuesday, July 3rd. Finally, Credit Suisse Group set a $132.00 target price on shares of Chevron and gave the stock a “hold” rating in a research report on Sunday, July 1st. Nine equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $138.34.
In other Chevron news, EVP James William Johnson sold 4,750 shares of the company’s stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $126.96, for a total transaction of $603,060.00. Following the transaction, the executive vice president now owns 4,750 shares in the company, valued at approximately $603,060. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is currently owned by corporate insiders.
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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