Capital Investment Advisors LLC boosted its stake in Chevron Corp. (NYSE:CVX) by 4.6% during the second quarter, Holdings Channel reports. The institutional investor owned 44,314 shares of the company’s stock after buying an additional 1,957 shares during the period. Capital Investment Advisors LLC’s holdings in Chevron Corp. were worth $4,645,000 at the end of the most recent reporting period.
Other large investors have 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 in 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 in the last quarter. Carnick & Kubik LLC purchased a new stake in shares of Chevron Corp. during the first quarter valued at approximately $188,000. Exane Derivatives raised its stake in shares of 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 stake in shares of Chevron Corp. during the second quarter valued at approximately $203,000. Institutional investors own 62.24% of the company’s stock.
Chevron Corp. (NYSE:CVX) traded down 0.90% during mid-day trading on Tuesday, reaching $103.04. The company had a trading volume of 5,337,338 shares. Chevron Corp. has a 52-week low of $75.33 and a 52-week high of $107.58. The stock’s market capitalization is $194.39 billion. The company’s 50 day moving average is $101.02 and its 200 day moving average is $101.21.
Chevron Corp. (NYSE:CVX) last posted its quarterly earnings data on Friday, July 29th. The company reported ($0.78) EPS for the quarter, missing analysts’ consensus estimates of $0.32 by $1.10. The business earned $29.28 billion during the quarter, compared to the consensus estimate of $25.78 billion. Chevron Corp. had a positive return on equity of 1.07% and a negative net margin of 0.64%. The company’s revenue for the quarter was down 27.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 earnings per share. Equities analysts predict that Chevron Corp. will post $1.31 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, August 19th were paid a dividend of $1.07 per share. The ex-dividend date was Wednesday, August 17th. This represents a $4.28 annualized dividend and a yield of 4.15%. Chevron Corp.’s dividend payout ratio is -1,097.44%.
CVX has been the subject of a number of recent research reports. Vetr lowered Chevron Corp. from a “buy” rating to a “hold” rating and set a $106.39 target price for the company. in a research note on Monday, June 20th. Exane BNP Paribas initiated coverage on Chevron Corp. in a research note on Monday. They issued a “neutral” rating and a $102.00 target price for the company. Zacks Investment Research lowered Chevron Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Piper Jaffray Cos. upgraded Chevron Corp. from a “neutral” rating to an “overweight” rating and increased their target price for the company from $110.00 to $117.00 in a research note on Tuesday, August 9th. Finally, Jefferies Group reiterated a “buy” rating and issued a $116.00 target price (up previously from $114.00) on shares of Chevron Corp. in a research note on Wednesday, July 6th. Thirteen research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Chevron Corp. has an average rating of “Buy” and a consensus price target of $105.09.
In related news, insider Michael K. Wirth sold 125,000 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $100.47, for a total transaction of $12,558,750.00. Following the transaction, the insider now directly owns 4,222 shares in the company, valued at $424,184.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Pierre R. Breber sold 21,000 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $98.77, for a total value of $2,074,170.00. 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.
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