Signaturefd LLC Has $1.11 Million Stake in Chevron Corporation (NYSE:CVX)
Signaturefd LLC lowered its stake in Chevron Corporation (NYSE:CVX) by 4.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,316 shares of the oil and gas company’s stock after selling 492 shares during the period. Signaturefd LLC’s holdings in Chevron Corporation were worth $1,108,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of CVX. HCR Wealth Advisors acquired a new stake in Chevron Corporation during the fourth quarter valued at about $3,831,000. AQR Capital Management LLC increased its stake in Chevron Corporation by 27.4% in the fourth quarter. AQR Capital Management LLC now owns 1,831,675 shares of the oil and gas company’s stock valued at $215,588,000 after buying an additional 394,307 shares in the last quarter. Guggenheim Capital LLC increased its stake in Chevron Corporation by 2.1% in the fourth quarter. Guggenheim Capital LLC now owns 988,896 shares of the oil and gas company’s stock valued at $116,394,000 after buying an additional 20,383 shares in the last quarter. Banco Santander S.A. acquired a new stake in Chevron Corporation during the fourth quarter valued at about $24,379,000. Finally, Foresters Investment Management Company Inc. increased its stake in Chevron Corporation by 0.3% in the fourth quarter. Foresters Investment Management Company Inc. now owns 161,860 shares of the oil and gas company’s stock valued at $19,167,000 after buying an additional 500 shares in the last quarter. Institutional investors own 62.58% of the company’s stock.
Shares of Chevron Corporation (NYSE:CVX) traded down 0.80% on Friday, reaching $109.23. The company’s stock had a trading volume of 3,382,960 shares. Chevron Corporation has a 52 week low of $97.53 and a 52 week high of $119.00. The stock has a market capitalization of $206.99 billion, a price-to-earnings ratio of 35.42 and a beta of 1.23. The stock has a 50-day moving average of $106.01 and a 200 day moving average of $107.75.
Chevron Corporation (NYSE:CVX) last released its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.02. Chevron Corporation had a return on equity of 4.13% and a net margin of 4.50%. The firm had revenue of $34.48 billion during the quarter, compared to analysts’ expectations of $32.77 billion. During the same period last year, the firm posted ($0.78) EPS. The business’s revenue was up 17.8% on a year-over-year basis. On average, analysts expect that Chevron Corporation will post $3.80 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 18th will be issued a dividend of $1.08 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 3.95%. Chevron Corporation’s dividend payout ratio is 140.26%.
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Several research firms have issued reports on CVX. Piper Jaffray Companies restated a “buy” rating on shares of Chevron Corporation in a report on Thursday, August 3rd. Zacks Investment Research upgraded Chevron Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. BNP Paribas upgraded Chevron Corporation from an “underperform” rating to a “neutral” rating and set a $105.00 price target for the company in a report on Monday, August 7th. TheStreet downgraded Chevron Corporation from a “b” rating to a “c+” rating in a report on Friday, July 28th. Finally, Scotiabank set a $115.00 price target on Chevron Corporation and gave the company a “buy” rating in a report on Monday, July 31st. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $116.18.
In related news, CFO Patricia E. Yarrington sold 39,000 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $111.00, for a total transaction of $4,329,000.00. Following the completion of the sale, the chief financial officer now directly owns 43,838 shares of the company’s stock, valued at approximately $4,866,018. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James William Johnson sold 31,000 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $110.68, for a total value of $3,431,080.00. Following the sale, the insider now directly owns 11,000 shares of the company’s stock, valued at $1,217,480. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.
About Chevron Corporation
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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