Benjamin F. Edwards & Company Inc. raised its position in shares of Chevron Corp. (NYSE:CVX) by 27.3% during the third quarter, according to its most recent filing with the SEC. The fund owned 21,172 shares of the company’s stock after buying an additional 4,545 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Chevron Corp. were worth $2,179,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Thompson Davis & CO. Inc. raised its position in shares of Chevron Corp. by 322.6% in the second quarter. Thompson Davis & CO. Inc. now owns 955 shares of the company’s stock worth $100,000 after buying an additional 729 shares in the last quarter. Global X Management Co. LLC raised its position in shares of Chevron Corp. by 115.6% in the second quarter. Global X Management Co. LLC now owns 1,158 shares of the company’s stock worth $121,000 after buying an additional 621 shares in the last quarter. Camarda Financial Advisors LLC purchased a new position in shares of Chevron Corp. during the second quarter worth approximately $122,000. Wealthcare Capital Management LLC purchased a new position in shares of Chevron Corp. during the second quarter worth approximately $128,000. Finally, Chicago Partners Investment Group LLC raised its position in shares of Chevron Corp. by 90.5% in the second quarter. Chicago Partners Investment Group LLC now owns 1,644 shares of the company’s stock worth $172,000 after buying an additional 781 shares in the last quarter. Institutional investors and hedge funds own 62.30% of the company’s stock.
Shares of Chevron Corp. (NYSE:CVX) remained flat at $111.00 during midday trading on Friday. 3,238,554 shares of the company were exchanged. The stock has a 50-day moving average of $105.01 and a 200-day moving average of $102.70. Chevron Corp. has a 52-week low of $75.33 and a 52-week high of $111.47. The firm’s market cap is $209.54 billion.
Chevron Corp. (NYSE:CVX) last posted its quarterly earnings data on Friday, October 28th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.29. Chevron Corp. had a positive return on equity of 0.59% and a negative net margin of 1.34%. The firm earned $30.14 billion during the quarter, compared to analysts’ expectations of $29.71 billion. During the same period in the prior year, the business earned $1.09 EPS. The company’s revenue for the quarter was down 12.2% compared to the same quarter last year. On average, equities analysts forecast that Chevron Corp. will post $1.34 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Friday, November 18th will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date is Wednesday, November 16th. This is a positive change from Chevron Corp.’s previous quarterly dividend of $1.07. Chevron Corp.’s payout ratio is -540.00%.
A number of brokerages have commented on CVX. Exane BNP Paribas began coverage on Chevron Corp. in a report on Monday, October 10th. They issued a “neutral” rating and a $102.00 price objective on the stock. Zacks Investment Research lowered Chevron Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. HSBC reissued a “buy” rating and set a $120.00 target price on shares of Chevron Corp. in a report on Sunday, October 16th. Jefferies Group reissued a “buy” rating and set a $120.00 target price (up from $116.00) on shares of Chevron Corp. in a report on Tuesday, November 1st. Finally, Piper Jaffray Cos. raised Chevron Corp. from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $110.00 to $117.00 in a report on Tuesday, August 9th. Eleven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Chevron Corp. currently has an average rating of “Buy” and an average price target of $108.61.
In other news, insider Pierre R. Breber sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $110.00, for a total value of $1,100,000.00. Following the completion of the sale, the insider now owns 28,911 shares of the company’s stock, valued at approximately $3,180,210. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Linnet F. Deily sold 5,637 shares of the business’s stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $105.27, for a total value of $593,406.99. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.
About Chevron Corp.
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.