Integrated Wealth Counsel LLC held its position in Chevron Corp. (NYSE:CVX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,722 shares of the company’s stock at the end of the second quarter. Chevron Corp. comprises about 1.1% of Integrated Wealth Counsel LLC’s portfolio, making the stock its 12th largest position. Integrated Wealth Counsel LLC’s holdings in Chevron Corp. were worth $495,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the company. Univest Corp of Pennsylvania boosted its position in Chevron Corp. by 0.3% in the second quarter. Univest Corp of Pennsylvania now owns 4,941 shares of the company’s stock valued at $518,000 after buying an additional 14 shares during the last quarter. Barry Investment Advisors LLC boosted its position in Chevron Corp. by 0.6% in the second quarter. Barry Investment Advisors LLC now owns 2,699 shares of the company’s stock valued at $283,000 after buying an additional 17 shares in the last quarter. Alpha Windward LLC boosted its position in Chevron Corp. by 0.9% in the second quarter. Alpha Windward LLC now owns 2,715 shares of the company’s stock valued at $285,000 after buying an additional 24 shares in the last quarter. Stillwater Investment Management LLC boosted its position in Chevron Corp. by 1.1% in the second quarter. Stillwater Investment Management LLC now owns 2,356 shares of the company’s stock valued at $247,000 after buying an additional 25 shares in the last quarter. Finally, Paradigm Financial Advisors LLC boosted its position in Chevron Corp. by 0.3% in the second quarter. Paradigm Financial Advisors LLC now owns 8,669 shares of the company’s stock valued at $908,000 after buying an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 62.24% of the company’s stock.
Shares of Chevron Corp. (NYSE:CVX) traded up 2.09% during mid-day trading on Friday, reaching $103.39. 5,751,778 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $101.01 and a 200-day moving average price of $100.78. The stock’s market cap is $195.05 billion. Chevron Corp. has a 12 month low of $75.33 and a 12 month high of $107.58.
Chevron Corp. (NYSE:CVX) last posted its earnings results on Friday, July 29th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by $1.10. The company had revenue of $29.28 billion for the quarter, compared to analyst estimates of $25.78 billion. Chevron Corp. had a positive return on equity of 1.07% and a negative net margin of 0.64%. The business’s quarterly revenue was down 27.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 EPS. On average, analysts predict that Chevron Corp. will post $1.29 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Friday, August 19th were paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend was Wednesday, August 17th. Chevron Corp.’s dividend payout ratio is presently -1,097.44%.
Several equities analysts have recently commented on CVX shares. Credit Suisse Group AG restated a “neutral” rating on shares of Chevron Corp. in a report on Tuesday, September 6th. Jefferies Group restated a “buy” rating and set a $116.00 price target (up from $114.00) on shares of Chevron Corp. in a report on Wednesday, July 6th. Barclays PLC restated an “equal weight” rating and set a $125.00 price target on shares of Chevron Corp. in a report on Thursday, July 28th. BMO Capital Markets started coverage on shares of Chevron Corp. in a report on Monday, September 12th. They set an “outperform” rating and a $120.00 price target on the stock. Finally, Piper Jaffray Cos. upgraded shares of Chevron Corp. from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $110.00 to $117.00 in a report on Tuesday, August 9th. Twelve analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $105.53.
In other news, insider Pierre R. Breber sold 21,000 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $98.77, for a total transaction of $2,074,170.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeanette L. Ourada sold 7,000 shares of the firm’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $101.70, for a total transaction of $711,900.00. Following the sale, the insider now owns 7,535 shares of the company’s stock, valued at approximately $766,309.50. The disclosure for this sale can be found here. 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.
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