Trading Report: The Lowe fs LLC Continues to Hold Stake in Chevron Corp. (CVX)

The Lowe fs LLC Continues to Hold Stake in Chevron Corp. (CVX)

Lowe fs LLC continued to hold its position in shares of Chevron Corp. (NYSE:CVX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,044 shares of the company’s stock at the end of the second quarter. Lowe fs LLC’s holdings in Chevron Corp. were worth $109,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Country Trust Bank raised its position in shares of Chevron Corp. by 8.1% in the first quarter. Country Trust Bank now owns 159,930 shares of the company’s stock worth $15,257,000 after buying an additional 12,020 shares during the last quarter. Gillespie Robinson & Grimm Inc. raised its position in shares of Chevron Corp. by 11.3% in the first quarter. Gillespie Robinson & Grimm Inc. now owns 122,468 shares of the company’s stock worth $11,908,000 after buying an additional 12,430 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Chevron Corp. by 30.6% in the first quarter. Fisher Asset Management LLC now owns 3,637,927 shares of the company’s stock worth $353,716,000 after buying an additional 851,977 shares during the last quarter. BLB&B Advisors LLC raised its position in shares of Chevron Corp. by 1.5% in the first quarter. BLB&B Advisors LLC now owns 69,119 shares of the company’s stock worth $6,594,000 after buying an additional 989 shares during the last quarter. Finally, Joel Isaacson & Co. LLC raised its position in shares of Chevron Corp. by 4.3% in the first quarter. Joel Isaacson & Co. LLC now owns 9,946 shares of the company’s stock worth $949,000 after buying an additional 408 shares during the last quarter. 62.24% of the stock is owned by hedge funds and other institutional investors.

Shares of Chevron Corp. (NYSE:CVX) traded up 0.09% during midday trading on Friday, hitting $102.27. The stock had a trading volume of 5,844,492 shares. The company’s 50 day moving average price is $100.97 and its 200-day moving average price is $101.05. Chevron Corp. has a 1-year low of $75.33 and a 1-year high of $107.58. The firm’s market capitalization is $192.93 billion.

Chevron Corp. (NYSE:CVX) last announced its quarterly earnings results on Friday, July 29th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $1.10. Chevron Corp. had a negative net margin of 0.64% and a positive return on equity of 1.07%. The firm earned $29.28 billion during the quarter, compared to analyst estimates of $25.78 billion. During the same period last year, the firm earned $0.30 EPS. Chevron Corp.’s quarterly revenue was down 27.4% on a year-over-year basis. Equities analysts predict that Chevron Corp. will post $1.31 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, August 19th were paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date was Wednesday, August 17th. Chevron Corp.’s payout ratio is presently -1,097.44%.

Several research firms have recently weighed in on CVX. Zacks Investment Research raised Chevron Corp. from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a research note on Tuesday, July 12th. Jefferies Group raised their price objective on Chevron Corp. from $114.00 to $116.00 and gave the stock a “buy” rating in a research note on Tuesday, July 12th. Vetr lowered Chevron Corp. from a “buy” rating to a “hold” rating and set a $107.24 price objective for the company. in a research note on Thursday, August 18th. Barclays PLC reissued an “equal weight” rating and set a $125.00 price objective on shares of Chevron Corp. in a research note on Thursday, July 28th. Finally, BMO Capital Markets began coverage on Chevron Corp. in a research note on Monday, September 12th. They set an “outperform” rating and a $120.00 price objective for the company. Twelve investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $105.53.

In related news, insider Pierre R. Breber sold 21,000 shares of the company’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $98.77, for a total value of $2,074,170.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James William Johnson sold 10,945 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $101.44, for a total transaction of $1,110,260.80. Following the completion of the transaction, the insider now directly owns 13,000 shares of the company’s stock, valued at $1,318,720. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate 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.

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