Chevron Corporation (CVX) Shares Bought by Benjamin F. Edwards & Company Inc.
Benjamin F. Edwards & Company Inc. lifted its stake in Chevron Corporation (NYSE:CVX) by 9.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,916 shares of the oil and gas company’s stock after purchasing an additional 2,448 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Chevron were worth $3,280,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Pathstone Family Office LLC raised its position in Chevron by 2.5% during the 2nd quarter. Pathstone Family Office LLC now owns 813 shares of the oil and gas company’s stock worth $2,170,000 after buying an additional 20 shares during the last quarter. Shine Investment Advisory Services Inc. purchased a new position in Chevron during the 2nd quarter worth approximately $106,000. Thompson Davis & CO. Inc. raised its position in Chevron by 20.0% during the 1st quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock worth $123,000 after buying an additional 191 shares during the last quarter. Winfield Associates Inc. raised its position in Chevron by 5.1% during the 2nd quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock worth $136,000 after buying an additional 63 shares during the last quarter. Finally, Daiwa SB Investments Ltd. raised its position in Chevron by 438.5% during the 2nd quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after buying an additional 1,140 shares during the last quarter. 63.80% of the stock is owned by hedge funds and other institutional investors.
In related news, VP R. Hewitt Pate sold 25,500 shares of Chevron stock in a transaction on Monday, October 16th. The shares were sold at an average price of $120.00, for a total value of $3,060,000.00. Following the sale, the vice president now owns 25,500 shares of the company’s stock, valued at approximately $3,060,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Pierre R. Breber sold 23,250 shares of Chevron stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $119.00, for a total transaction of $2,766,750.00. Following the completion of the sale, the insider now directly owns 42,182 shares in the company, valued at approximately $5,019,658. The disclosure for this sale can be found here. Insiders sold a total of 314,000 shares of company stock worth $36,540,822 in the last three months. 0.38% of the stock is owned by corporate insiders.
A number of equities analysts have issued reports on CVX shares. TheStreet raised shares of Chevron from a “c+” rating to a “b” rating in a research report on Monday, October 23rd. Jefferies Group set a $130.00 price target on shares of Chevron and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Bank of America reissued a “buy” rating and set a $125.00 price target (up from $120.00) on shares of Chevron in a research report on Tuesday, October 3rd. Goldman Sachs Group reissued a “buy” rating and set a $123.00 price target (up from $118.00) on shares of Chevron in a research report on Tuesday, September 19th. Finally, Cowen reaffirmed a “buy” rating and set a $122.00 price objective on shares of Chevron in a research note on Tuesday, September 19th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $124.65.
Shares of Chevron Corporation (CVX) opened at $125.98 on Wednesday. Chevron Corporation has a one year low of $102.55 and a one year high of $126.14. The company has a market cap of $239,280.00, a P/E ratio of 36.73, a PEG ratio of 4.12 and a beta of 1.21. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.04.
Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, October 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. Chevron had a net margin of 4.79% and a return on equity of 4.59%. The firm had revenue of $36.21 billion for the quarter, compared to analysts’ expectations of $34.06 billion. During the same quarter last year, the company earned $0.68 EPS. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. research analysts forecast that Chevron Corporation will post 4.33 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Friday, November 17th were paid a $1.08 dividend. The ex-dividend date was Thursday, November 16th. This represents a $4.32 dividend on an annualized basis and a yield of 3.43%. Chevron’s dividend payout ratio is currently 125.95%.
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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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