Wills Financial Group Inc. cut its position in Chevron Corp. (NYSE:CVX) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,544 shares of the company’s stock after selling 34 shares during the period. Chevron Corp. comprises about 1.8% of Wills Financial Group Inc.’s portfolio, making the stock its 18th largest position. Wills Financial Group Inc.’s holdings in Chevron Corp. were worth $2,154,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Burke & Herbert Bank & Trust Co. increased its stake in Chevron Corp. by 2.9% in the first quarter. Burke & Herbert Bank & Trust Co. now owns 21,751 shares of the company’s stock worth $2,075,000 after buying an additional 611 shares during the last quarter. Capital Investment Advisors LLC increased its stake in Chevron Corp. by 2.2% in the first quarter. Capital Investment Advisors LLC now owns 42,357 shares of the company’s stock worth $4,041,000 after buying an additional 915 shares during the last quarter. Culbertson A N & Co. Inc. acquired a new stake in Chevron Corp. during the first quarter worth approximately $5,550,000. Perkins Coie Trust Co increased its stake in Chevron Corp. by 2.6% in the first quarter. Perkins Coie Trust Co now owns 23,359 shares of the company’s stock worth $2,228,000 after buying an additional 603 shares during the last quarter. Finally, Mission Wealth Management LLC increased its stake in Chevron Corp. by 45.9% in the first quarter. Mission Wealth Management LLC now owns 16,274 shares of the company’s stock worth $1,553,000 after buying an additional 5,121 shares during the last quarter. Institutional investors and hedge funds own 62.24% of the company’s stock.
Chevron Corp. (NYSE:CVX) traded up 0.5905% during mid-day trading on Friday, hitting $102.7834. The stock had a trading volume of 2,830,166 shares. The stock’s market cap is $193.90 billion. Chevron Corp. has a 12 month low of $75.33 and a 12 month high of $107.58. The stock’s 50-day moving average price is $101.01 and its 200-day moving average price is $101.01.
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 Zacks’ consensus estimate of $0.32 by $1.10. The business had revenue of $29.28 billion for the quarter, compared to analysts’ expectations of $25.78 billion. Chevron Corp. had a positive return on equity of 1.07% and a negative net margin of 0.64%. The firm’s quarterly revenue was down 27.4% on a year-over-year basis. During the same period last year, the firm earned $0.30 earnings per share. On average, analysts predict that Chevron Corp. will post $1.31 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 19th were issued a dividend of $1.07 per share. 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 dividend payout ratio (DPR) is -1,097.44%.
A number of equities research analysts have recently issued reports on the stock. Vetr lowered shares of Chevron Corp. from a “buy” rating to a “hold” rating and set a $106.39 price target on the stock. in a report on Monday, June 20th. Jefferies Group reaffirmed a “buy” rating and issued a $116.00 price objective (up previously from $114.00) on shares of Chevron Corp. in a research note on Wednesday, July 6th. Zacks Investment Research raised shares of 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. Barclays PLC reaffirmed an “equal weight” rating and issued a $125.00 price objective on shares of Chevron Corp. in a research note on Thursday, July 28th. Finally, Piper Jaffray Cos. raised shares of Chevron Corp. from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $110.00 to $117.00 in a research note 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 company. The stock presently has an average rating of “Buy” and a consensus target price of $105.53.
In other Chevron Corp. news, Director Inge G. Thulin purchased 487 shares of the firm’s stock in a transaction on Monday, August 15th. The stock was bought at an average cost of $102.87 per share, with a total value of $50,097.69. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jeanette L. Ourada sold 7,000 shares of Chevron Corp. stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $101.70, for a total value of $711,900.00. Following the sale, 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. Company 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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