Mizuho Trust & Banking Co. Ltd. boosted its position in Chevron Corp. (NYSE:CVX) by 0.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,970,963 shares of the company’s stock after buying an additional 20,936 shares during the period. Chevron Corp. comprises about 1.0% of Mizuho Trust & Banking Co. Ltd.’s investment portfolio, making the stock its 17th largest position. Mizuho Trust & Banking Co. Ltd.’s holdings in Chevron Corp. were worth $311,446,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of CVX. Univest Corp of Pennsylvania increased its stake in Chevron Corp. by 0.3% in the second quarter. Univest Corp of Pennsylvania now owns 4,941 shares of the company’s stock worth $518,000 after buying an additional 14 shares during the last quarter. Barry Investment Advisors LLC increased its stake in Chevron Corp. by 0.6% in the second quarter. Barry Investment Advisors LLC now owns 2,699 shares of the company’s stock worth $283,000 after buying an additional 17 shares during the last quarter. Alpha Windward LLC increased its stake in Chevron Corp. by 0.9% in the second quarter. Alpha Windward LLC now owns 2,715 shares of the company’s stock worth $285,000 after buying an additional 24 shares during the last quarter. Stillwater Investment Management LLC increased its stake in Chevron Corp. by 1.1% in the second quarter. Stillwater Investment Management LLC now owns 2,356 shares of the company’s stock worth $247,000 after buying an additional 25 shares during the last quarter. Finally, Paradigm Financial Advisors LLC increased its stake in Chevron Corp. by 0.3% in the second quarter. Paradigm Financial Advisors LLC now owns 8,669 shares of the company’s stock worth $908,000 after buying an additional 30 shares during the last quarter. Institutional investors own 62.25% of the company’s stock.
Chevron Corp. (NYSE:CVX) traded up 3.90% on Friday, reaching $103.82. The company’s stock had a trading volume of 17,435,396 shares. The stock’s 50 day moving average is $100.94 and its 200-day moving average is $101.75. Chevron Corp. has a 52 week low of $75.33 and a 52 week high of $107.58. The firm’s market capitalization is $195.86 billion.
Chevron Corp. (NYSE:CVX) last posted its earnings results on Friday, October 28th. The company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.29. Chevron Corp. had a positive return on equity of 1.07% and a negative net margin of 0.64%. The company had revenue of $30.14 billion for the quarter, compared to analyst estimates of $29.71 billion. During the same period last year, the company earned $1.09 earnings per share. The business’s revenue was down 12.2% compared to the same quarter last year. Analysts predict that Chevron Corp. will post $1.19 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Friday, November 18th will be issued a dividend of $1.08 per share. This is a positive change from Chevron Corp.’s previous quarterly dividend of $1.07. This represents a $4.32 annualized dividend and a yield of 4.16%. The ex-dividend date is Wednesday, November 16th. Chevron Corp.’s dividend payout ratio (DPR) is -535.00%.
Several analysts have recently issued reports on the company. Vetr upgraded Chevron Corp. from a “hold” rating to a “buy” rating and set a $107.24 price objective on the stock in a research report on Tuesday, August 9th. Jefferies Group restated a “buy” rating on shares of Chevron Corp. in a research report on Thursday, September 8th. Barclays PLC restated an “equal weight” rating and issued a $125.00 price objective on shares of Chevron Corp. in a research report on Thursday, July 28th. Zacks Investment Research downgraded Chevron Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Finally, BMO Capital Markets assumed coverage on Chevron Corp. in a research report on Monday, September 12th. They issued an “outperform” rating and a $120.00 price objective on the stock. Eleven analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Chevron Corp. presently has a consensus rating of “Buy” and an average price target of $105.73.
In related news, insider Pierre R. Breber sold 21,000 shares of Chevron Corp. stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $98.77, for a total transaction of $2,074,170.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Inge G. Thulin bought 487 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The shares were purchased at an average cost of $102.87 per share, for a total transaction of $50,097.69. The disclosure for this purchase can be found here. Company 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.