Breton Hill Capital Ltd. lessened its position in Chevron Corporation (NYSE:CVX) by 18.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,670 shares of the oil and gas company’s stock after selling 2,644 shares during the period. Breton Hill Capital Ltd.’s holdings in Chevron Corporation were worth $1,218,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Puplava Financial Services Inc. grew its position in shares of Chevron Corporation by 17.9% in the 2nd quarter. Puplava Financial Services Inc. now owns 60,629 shares of the oil and gas company’s stock valued at $6,325,000 after acquiring an additional 9,226 shares during the period. Investment Partners Ltd. OH ADV grew its position in shares of Chevron Corporation by 18.6% in the 2nd quarter. Investment Partners Ltd. OH ADV now owns 6,491 shares of the oil and gas company’s stock valued at $677,000 after acquiring an additional 1,020 shares during the period. Jag Capital Management LLC grew its position in shares of Chevron Corporation by 2.5% in the 2nd quarter. Jag Capital Management LLC now owns 4,540 shares of the oil and gas company’s stock valued at $474,000 after acquiring an additional 110 shares during the period. First Citizens Bank & Trust Co. grew its position in shares of Chevron Corporation by 15.7% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 73,615 shares of the oil and gas company’s stock valued at $7,680,000 after acquiring an additional 9,983 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in shares of Chevron Corporation in the 2nd quarter valued at about $10,300,000. 62.74% of the stock is owned by institutional investors.
Shares of Chevron Corporation (NYSE CVX) traded up 0.12% during trading on Monday, hitting $114.77. 1,980,147 shares of the stock traded hands. The stock has a 50-day moving average of $109.46 and a 200 day moving average of $107.20. Chevron Corporation has a 1-year low of $97.53 and a 1-year high of $119.00. The company has a market cap of $217.49 billion, a P/E ratio of 37.21 and a beta of 1.23.
Chevron Corporation (NYSE:CVX) last issued its 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 4.50% and a return on equity of 4.13%. The firm had revenue of $34.48 billion during the quarter, compared to analyst estimates of $32.77 billion. During the same quarter last year, the business earned ($0.78) earnings per share. The company’s quarterly revenue was up 17.8% on a year-over-year basis. On average, equities research analysts predict that Chevron Corporation will post $3.86 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, August 18th were given a $1.08 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.77%. Chevron Corporation’s dividend payout ratio (DPR) is currently 140.26%.
In other news, insider James William Johnson sold 31,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $110.68, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Linnet F. Deily sold 2,312 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $107.38, for a total transaction of $248,262.56. The disclosure for this sale can be found here. Insiders sold 72,312 shares of company stock valued at $8,008,343 over the last 90 days. 0.38% of the stock is owned by company insiders.
A number of research analysts have recently commented on CVX shares. UBS AG set a $105.00 price objective on shares of Chevron Corporation and gave the company 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 company 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 company 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, seven have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $116.40.
Chevron Corporation 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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