CT Financial Advisors LLC lowered its position in Chevron Corporation (NYSE:CVX) by 6.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,856 shares of the oil and gas company’s stock after selling 800 shares during the period. CT Financial Advisors LLC’s holdings in Chevron Corporation were worth $1,166,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. Norges Bank acquired a new stake in Chevron Corporation during the fourth quarter worth $2,183,692,000. Boston Partners purchased a new stake in Chevron Corporation during the third quarter worth approximately $736,167,000. State Street Corp raised its stake in Chevron Corporation by 3.3% in the fourth quarter. State Street Corp now owns 117,508,471 shares of the oil and gas company’s stock worth $13,830,748,000 after buying an additional 3,719,388 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in Chevron Corporation by 1,003.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 3,341,628 shares of the oil and gas company’s stock worth $393,351,000 after buying an additional 3,038,922 shares in the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in Chevron Corporation by 17,780.6% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,445,527 shares of the oil and gas company’s stock worth $2,445,000 after buying an additional 2,431,850 shares in the last quarter. 63.25% of the stock is currently owned by hedge funds and other institutional investors.
Chevron Corporation (NYSE CVX) opened at 108.35 on Friday. The firm’s 50-day moving average is $105.67 and its 200-day moving average is $110.48. The company has a market cap of $205.28 billion, a price-to-earnings ratio of 70.31 and a beta of 1.25. Chevron Corporation has a 12 month low of $97.53 and a 12 month high of $119.00.
Chevron Corporation (NYSE:CVX) last released its quarterly earnings results on Friday, April 28th. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.56. The business had revenue of $33.42 billion during the quarter, compared to the consensus estimate of $34.05 billion. Chevron Corporation had a return on equity of 3.58% and a net margin of 2.34%. The business’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.39) EPS. On average, analysts anticipate that Chevron Corporation will post $4.35 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, June 12th. Shareholders of record on Friday, May 19th were paid a dividend of $1.08 per share. The ex-dividend date of this dividend was Wednesday, May 17th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.99%. Chevron Corporation’s dividend payout ratio is currently 282.35%.
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A number of research firms have recently commented on CVX. Vetr raised shares of Chevron Corporation from a “buy” rating to a “strong-buy” rating and set a $120.37 price objective on the stock in a research note on Thursday. BidaskClub raised shares of Chevron Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday. HSBC Holdings plc raised shares of Chevron Corporation from a “hold” rating to a “buy” rating and reduced their price objective for the company from $124.00 to $119.00 in a research note on Monday, June 5th. They noted that the move was a valuation call. ValuEngine raised shares of Chevron Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Exane BNP Paribas downgraded shares of Chevron Corporation from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $105.00 to $100.00 in a research report on Friday, May 26th. Four analysts have rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $119.41.
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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