Chevron Corporation (CVX) Shares Bought by Aberdeen Asset Management PLC UK
Aberdeen Asset Management PLC UK boosted its stake in shares of Chevron Corporation (NYSE:CVX) by 1.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,686,609 shares of the oil and gas company’s stock after acquiring an additional 22,383 shares during the period. Aberdeen Asset Management PLC UK owned 0.09% of Chevron Corporation worth $181,091,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of CVX. Franklin Street Advisors Inc. NC grew its stake in Chevron Corporation by 5.8% during the first quarter. Franklin Street Advisors Inc. NC now owns 73,297 shares of the oil and gas company’s stock valued at $7,870,000 after acquiring an additional 3,999 shares in the last quarter. F&V Capital Management LLC lifted its position in Chevron Corporation by 5.8% during the first quarter. F&V Capital Management LLC now owns 38,072 shares of the oil and gas company’s stock valued at $4,088,000 after purchasing an additional 2,085 shares during the last quarter. Chevy Chase Trust Holdings Inc. lifted its position in Chevron Corporation by 3.4% during the first quarter. Chevy Chase Trust Holdings Inc. now owns 1,663,896 shares of the oil and gas company’s stock valued at $178,653,000 after purchasing an additional 54,649 shares during the last quarter. Curbstone Financial Management Corp lifted its position in Chevron Corporation by 0.7% during the first quarter. Curbstone Financial Management Corp now owns 8,145 shares of the oil and gas company’s stock valued at $875,000 after purchasing an additional 54 shares during the last quarter. Finally, Burns J W & Co. Inc. NY lifted its position in Chevron Corporation by 0.6% during the first quarter. Burns J W & Co. Inc. NY now owns 62,645 shares of the oil and gas company’s stock valued at $6,726,000 after purchasing an additional 349 shares during the last quarter. 62.84% of the stock is owned by institutional investors.
In other Chevron Corporation news, CFO Patricia E. Yarrington sold 39,000 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $111.00, for a total value of $4,329,000.00. Following the transaction, the chief financial officer now directly owns 43,838 shares in the company, valued at $4,866,018. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Linnet F. Deily sold 2,312 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $107.38, for a total transaction of $248,262.56. The disclosure for this sale can be found here. Insiders sold 72,312 shares of company stock worth $8,008,343 over the last quarter. 0.38% of the stock is currently owned by insiders.
Chevron Corporation (NYSE:CVX) traded up 1.83% during mid-day trading on Wednesday, reaching $111.44. 2,387,610 shares of the company’s stock traded hands. The stock has a market capitalization of $211.18 billion, a PE ratio of 36.13 and a beta of 1.23. Chevron Corporation has a 52 week low of $97.53 and a 52 week high of $119.00. The stock’s 50 day moving average is $107.53 and its 200-day moving average is $107.01.
Chevron Corporation (NYSE:CVX) last announced its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.02. The company had revenue of $34.48 billion for the quarter, compared to analyst estimates of $32.77 billion. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. The firm’s revenue was up 17.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.78) earnings per share. On average, equities analysts anticipate that Chevron Corporation will post $3.87 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 18th will be paid a $1.08 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $4.32 annualized dividend and a yield of 3.95%. Chevron Corporation’s dividend payout ratio is currently 140.26%.
Several equities analysts have commented on the stock. Credit Suisse Group set a $123.00 price objective on shares of Chevron Corporation and gave the company a “buy” rating in a research report on Friday, August 25th. Citigroup Inc. lowered their price objective on shares of Chevron Corporation from $129.00 to $118.00 and set a “buy” rating for the company in a research report on Friday, July 21st. BMO Capital Markets set a $120.00 price objective on shares of Chevron Corporation and gave the company a “buy” rating in a research report on Sunday, July 30th. Exane BNP Paribas lowered shares of Chevron Corporation from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $105.00 to $100.00 in a research report on Friday, May 26th. Finally, BidaskClub upgraded shares of Chevron Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Chevron Corporation presently has a consensus rating of “Buy” and a consensus target price of $116.40.
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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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