Chevron Corporation (CVX) Holdings Raised by Lee Financial Co
Lee Financial Co raised its position in Chevron Corporation (NYSE:CVX) by 21.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,064 shares of the oil and gas company’s stock after purchasing an additional 361 shares during the period. Lee Financial Co’s holdings in Chevron Corporation were worth $215,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. HPM Partners LLC increased its position in shares of Chevron Corporation by 197.0% during the first quarter. HPM Partners LLC now owns 38,735 shares of the oil and gas company’s stock worth $4,159,000 after acquiring an additional 25,691 shares in the last quarter. Lincoln National Corp increased its position in shares of Chevron Corporation by 33.3% during the first quarter. Lincoln National Corp now owns 82,502 shares of the oil and gas company’s stock worth $8,859,000 after acquiring an additional 20,615 shares in the last quarter. Adams Natural Resources Fund Inc. increased its position in shares of Chevron Corporation by 8.8% during the second quarter. Adams Natural Resources Fund Inc. now owns 596,800 shares of the oil and gas company’s stock worth $62,264,000 after acquiring an additional 48,100 shares in the last quarter. Strategic Financial Group LLC increased its position in shares of Chevron Corporation by 6.0% during the first quarter. Strategic Financial Group LLC now owns 8,979 shares of the oil and gas company’s stock worth $964,000 after acquiring an additional 510 shares in the last quarter. Finally, Rothschild Investment Corp IL increased its position in shares of Chevron Corporation by 2.3% during the first quarter. Rothschild Investment Corp IL now owns 41,232 shares of the oil and gas company’s stock worth $4,427,000 after acquiring an additional 919 shares in the last quarter. 62.72% of the stock is owned by hedge funds and other institutional investors.
Shares of Chevron Corporation (NYSE CVX) opened at 118.15 on Thursday. The stock’s 50 day moving average is $115.63 and its 200-day moving average is $108.58. Chevron Corporation has a 1-year low of $99.87 and a 1-year high of $120.02. The firm has a market cap of $223.89 billion, a PE ratio of 38.31 and a beta of 1.24.
Chevron Corporation (NYSE:CVX) last issued its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.02. The company had revenue of $34.48 billion for the quarter, compared to the consensus estimate of $32.77 billion. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. The firm’s quarterly revenue was up 17.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.78) EPS. Analysts expect that Chevron Corporation will post $4.07 earnings per share for the current year.
In related news, CFO Patricia E. Yarrington sold 39,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $4,866,018. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider James William Johnson sold 31,000 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $110.68, for a total transaction of $3,431,080.00. Following the completion of the transaction, the insider now directly owns 11,000 shares in the company, valued at $1,217,480. The disclosure for this sale can be found here. Insiders sold a total of 97,812 shares of company stock worth $11,068,343 over the last three months. 0.38% of the stock is owned by insiders.
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CVX has been the subject of several research reports. UBS AG set a $105.00 price objective on shares of Chevron Corporation and gave the stock a “neutral” rating in a research report on Wednesday, September 6th. Zacks Investment Research downgraded shares of Chevron Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Credit Suisse Group set a $123.00 price objective on shares of Chevron Corporation and gave the stock a “buy” rating in a research report on Friday, August 25th. Jefferies Group LLC set a $130.00 price objective on shares of Chevron Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Finally, BidaskClub downgraded shares of Chevron Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the company. Chevron Corporation currently has an average rating of “Hold” and an average price target of $119.33.
Chevron Corporation 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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