Today: The AlphaMark Advisors LLC Sold shares of Chevron Corp. (CVX)

The AlphaMark Advisors LLC Sold shares of Chevron Corp. (CVX)

AlphaMark Advisors LLC decreased its stake in shares of Chevron Corp. (NYSE:CVX) by 4.4% during the second quarter, Holdings Channel reports. The fund owned 2,175 shares of the company’s stock after selling 100 shares during the period. AlphaMark Advisors LLC’s holdings in Chevron Corp. were worth $228,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC raised its stake in shares of 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 during the last quarter. Marshall & Sullivan Inc. WA raised its stake in shares of 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 during the last quarter. Sterling Investment Advisors LLC ADV bought a new stake in shares of Chevron Corp. during the second quarter valued at about $203,000. Swift Run Capital Management LLC bought a new stake in shares of Chevron Corp. during the second quarter valued at about $204,000. Finally, Stillwater Capital Advisors LLC bought a new stake in shares of Chevron Corp. during the second quarter valued at about $204,000. Institutional investors and hedge funds own 62.24% of the company’s stock.

Chevron Corp. (NYSE:CVX) traded up 0.53% during midday trading on Friday, hitting $101.32. 1,217,881 shares of the stock traded hands. The company has a 50-day moving average of $101.02 and a 200-day moving average of $101.23. The stock’s market cap is $191.14 billion. Chevron Corp. has a 12 month low of $75.33 and a 12 month high of $107.58.

Chevron Corp. (NYSE:CVX) last released its 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. Chevron Corp. had a positive return on equity of 1.07% and a negative net margin of 0.64%. The firm had revenue of $29.28 billion for the quarter, compared to analyst estimates of $25.78 billion. During the same period last year, the firm earned $0.30 EPS. The company’s revenue for the quarter was down 27.4% compared to the same quarter last year. On average, equities research analysts anticipate that Chevron Corp. will post $1.31 earnings per share for the current year.

A number of equities research analysts have recently weighed in on the stock. Vetr lowered shares of Chevron Corp. from a “buy” rating to a “hold” rating and set a $106.39 price objective for the company. in a report on Monday, June 27th. Credit Suisse Group AG restated a “neutral” rating and issued a $105.00 price objective on shares of Chevron Corp. in a report on Saturday, August 13th. Jefferies Group restated a “buy” rating on shares of Chevron Corp. in a report on Friday, August 5th. Simmons upgraded shares of Chevron Corp. from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $110.00 to $117.00 in a report on Tuesday, August 9th. Finally, Zacks Investment Research upgraded shares of Chevron Corp. from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a report on Tuesday, July 12th. Thirteen equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $105.09.

In other Chevron Corp. news, insider Joseph C. Geagea sold 26,000 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $102.50, for a total value of $2,665,000.00. Following the completion of the transaction, the insider now directly owns 13,000 shares of the company’s stock, valued at $1,332,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeanette L. Ourada sold 7,000 shares of the business’s 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 completion of the transaction, 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.

Chevron Corp. Company Profile

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.

Related posts

Leave a Comment