Willingdon Wealth Management boosted its stake in shares of Chevron Corp. (NYSE:CVX) by 0.9% during the second quarter, Holdings Channel reports. The institutional investor owned 27,124 shares of the company’s stock after buying an additional 237 shares during the period. Chevron Corp. accounts for 1.5% of Willingdon Wealth Management’s portfolio, making the stock its 19th largest position. Willingdon Wealth Management’s holdings in Chevron Corp. were worth $2,843,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of CVX. RPg Family Wealth Advisory LLC boosted its position in Chevron Corp. by 14.5% in the first quarter. RPg Family Wealth Advisory LLC now owns 1,058 shares of the company’s stock valued at $101,000 after buying an additional 134 shares in the last quarter. Marshall & Sullivan Inc. WA boosted its position in Chevron Corp. by 4.0% in the first quarter. Marshall & Sullivan Inc. WA now owns 1,825 shares of the company’s stock valued at $174,000 after buying an additional 71 shares in the last quarter. Carnick & Kubik LLC purchased a new position in Chevron Corp. during the first quarter valued at about $188,000. Exane Derivatives boosted its position in Chevron Corp. by 57.3% in the first quarter. Exane Derivatives now owns 1,994 shares of the company’s stock valued at $190,000 after buying an additional 726 shares in the last quarter. Finally, Sterling Investment Advisors LLC ADV purchased a new position in Chevron Corp. during the second quarter valued at about $203,000. Institutional investors and hedge funds own 62.24% of the company’s stock.
Chevron Corp. (NYSE:CVX) traded down 0.86% on Wednesday, hitting $102.15. The company’s stock had a trading volume of 4,935,130 shares. Chevron Corp. has a 12 month low of $75.33 and a 12 month high of $107.58. The firm has a 50 day moving average of $101.05 and a 200-day moving average of $101.22. The stock’s market cap is $192.71 billion.
Chevron Corp. (NYSE:CVX) last issued its quarterly earnings results on Friday, July 29th. The company reported ($0.78) EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by $1.10. The business had revenue of $29.28 billion for the quarter, compared to analysts’ expectations of $25.78 billion. Chevron Corp. had a negative net margin of 0.64% and a positive return on equity of 1.07%. The business’s revenue was down 27.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 earnings per share. On average, analysts expect that Chevron Corp. will post $1.31 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, August 19th were given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date was Wednesday, August 17th. Chevron Corp.’s payout ratio is -1,097.44%.
Several equities analysts recently issued reports on the company. Vetr cut Chevron Corp. from a “buy” rating to a “hold” rating and set a $106.39 price target on the stock. in a report on Monday, June 20th. Exane BNP Paribas assumed coverage on Chevron Corp. in a report on Monday. They issued a “neutral” rating and a $102.00 price target on the stock. Zacks Investment Research cut Chevron Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. Piper Jaffray Cos. upgraded Chevron Corp. from a “neutral” rating to an “overweight” rating and raised their price target for the company from $110.00 to $117.00 in a report on Tuesday, August 9th. Finally, Jefferies Group reiterated a “buy” rating and issued a $116.00 price target (up previously from $114.00) on shares of Chevron Corp. in a report on Wednesday, July 6th. Thirteen research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $105.09.
In other Chevron Corp. news, Director Inge G. Thulin purchased 487 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The stock was bought at an average cost of $102.87 per share, with a total value of $50,097.69. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeanette L. Ourada sold 7,000 shares of the stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $101.70, for a total value of $711,900.00. Following the sale, the insider now directly owns 7,535 shares of the company’s stock, valued at $766,309.50. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.
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.