LifePlan Financial Group Inc Has $218,000 Position in Chevron Corporation (CVX)
LifePlan Financial Group Inc continued to hold its position in shares of Chevron Corporation (NYSE:CVX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,087 shares of the oil and gas company’s stock at the end of the 2nd quarter. LifePlan Financial Group Inc’s holdings in Chevron Corporation were worth $218,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thompson Davis & CO. Inc. grew its position in Chevron Corporation by 20.0% during the first quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock valued at $123,000 after buying an additional 191 shares during the period. Winfield Associates Inc. grew its position in Chevron Corporation by 5.1% during the second quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock valued at $136,000 after buying an additional 63 shares during the period. Daiwa SB Investments Ltd. grew its position in Chevron Corporation by 438.5% during the second quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock valued at $146,000 after buying an additional 1,140 shares during the period. New Capital Management LP grew its position in Chevron Corporation by 0.3% during the first quarter. New Capital Management LP now owns 1,455 shares of the oil and gas company’s stock valued at $156,000 after buying an additional 4 shares during the period. Finally, Terril Brothers Inc. grew its position in Chevron Corporation by 5.4% during the second quarter. Terril Brothers Inc. now owns 2,025 shares of the oil and gas company’s stock valued at $211,000 after buying an additional 104 shares during the period. Hedge funds and other institutional investors own 62.79% of the company’s stock.
Shares of Chevron Corporation (NYSE:CVX) opened at 118.93 on Tuesday. The stock has a market capitalization of $225.37 billion, a P/E ratio of 38.56 and a beta of 1.24. Chevron Corporation has a 52 week low of $99.87 and a 52 week high of $120.89. The company has a 50-day moving average of $116.53 and a 200-day moving average of $108.79.
Chevron Corporation (NYSE:CVX) last posted its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.91 EPS for the quarter, topping 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 company had revenue of $34.48 billion for the quarter, compared to analysts’ expectations of $32.77 billion. During the same period in the previous year, the firm earned ($0.78) EPS. The firm’s revenue was up 17.8% compared to the same quarter last year. On average, analysts anticipate that Chevron Corporation will post $4.07 EPS for the current year.
In related news, VP R. Hewitt Pate sold 25,500 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $120.00, for a total value of $3,060,000.00. Following the transaction, the vice president now directly owns 25,500 shares of the company’s stock, valued at approximately $3,060,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Patricia E. Yarrington sold 39,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $111.00, for a total value of $4,329,000.00. Following the completion of the transaction, the chief financial officer now directly owns 43,838 shares in the company, valued at $4,866,018. The disclosure for this sale can be found here. Over the last three months, insiders sold 97,812 shares of company stock worth $11,068,343. 0.38% of the stock is owned by insiders.
CVX has been the subject of several research reports. Citigroup Inc. reduced their price target 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. Scotiabank restated a “buy” rating and set a $113.00 price target on shares of Chevron Corporation in a research report on Friday, June 30th. BMO Capital Markets set a $120.00 price target on shares of Chevron Corporation and gave the company a “buy” rating in a research report on Sunday, July 30th. Piper Jaffray Companies restated a “buy” rating on shares of Chevron Corporation in a research report on Thursday, August 3rd. Finally, Jefferies Group LLC restated a “buy” rating and set a $135.00 price target on shares of Chevron Corporation in a research report on Wednesday, August 23rd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $119.66.
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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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