Diversified Trust Co boosted its position in Chevron Corporation (NYSE:CVX) by 0.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,533 shares of the oil and gas company’s stock after buying an additional 67 shares during the period. Diversified Trust Co’s holdings in Chevron Corporation were worth $1,775,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the company. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Chevron Corporation during the fourth quarter worth $139,000. Americafirst Capital Management LLC bought a new stake in shares of Chevron Corporation during the first quarter worth $140,000. Tortoise Investment Management LLC boosted its stake in shares of Chevron Corporation by 46.4% in the fourth quarter. Tortoise Investment Management LLC now owns 1,329 shares of the oil and gas company’s stock worth $156,000 after buying an additional 421 shares in the last quarter. Fusion Family Wealth LLC bought a new stake in shares of Chevron Corporation during the fourth quarter worth $160,000. Finally, New Capital Management LP bought a new stake in shares of Chevron Corporation during the fourth quarter worth $171,000. 62.56% of the stock is currently owned by institutional investors.
Shares of Chevron Corporation (CVX) traded up 1.89% during mid-day trading on Friday, hitting $108.12. 7,812,602 shares of the stock traded hands. Chevron Corporation has a one year low of $97.53 and a one year high of $119.00. The stock has a 50-day moving average of $105.05 and a 200 day moving average of $108.11. The stock has a market cap of $204.84 billion, a PE ratio of 35.06 and a beta of 1.23. Chevron Corporation also was the target of unusually large options trading activity on Thursday. Stock traders acquired 18,524 put options on the company. This is an increase of approximately 214% compared to the typical volume of 5,906 put options.
Chevron Corporation (NYSE:CVX) last released its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.02. Chevron Corporation had a net margin of 2.34% and a return on equity of 3.58%. The business had revenue of $34.48 billion during the quarter, compared to the consensus estimate of $32.77 billion. During the same quarter last year, the company earned ($0.78) earnings per share. The business’s quarterly revenue was up 17.8% compared to the same quarter last year. Equities analysts predict that Chevron Corporation will post $3.74 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 18th will be given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date is Wednesday, August 16th. Chevron Corporation’s payout ratio is currently 140.26%.
A number of equities research analysts have weighed in on the stock. Jefferies Group LLC set a $135.00 price target on shares of Chevron Corporation and gave the company a “buy” rating in a research report on Saturday, June 24th. Barclays PLC reiterated an “overweight” rating and set a $125.00 price target (up from $116.00) on shares of Chevron Corporation in a research report on Wednesday, July 12th. Simmons dropped their price target on shares of Chevron Corporation from $129.00 to $124.00 and set an “overweight” rating for the company in a research report on Wednesday, April 19th. BidaskClub cut shares of Chevron Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, Macquarie cut shares of Chevron Corporation from an “outperform” rating to a “neutral” rating and set a $105.00 price target for the company. in a research report on Wednesday, June 21st. Six research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Chevron Corporation has a consensus rating of “Hold” and an average price target of $116.37.
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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