Chevron Corp. (CVX) Stake Maintained by Asset Advisors Corp
Asset Advisors Corp continued to hold its position in shares of Chevron Corp. (NYSE:CVX) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,900 shares of the company’s stock at the end of the second quarter. Asset Advisors Corp’s holdings in Chevron Corp. were worth $618,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of CVX. Mutual of America Capital Management LLC increased its stake in shares of Chevron Corp. by 4.0% in the second quarter. Mutual of America Capital Management LLC now owns 237,038 shares of the company’s stock worth $24,849,000 after buying an additional 9,081 shares during the last quarter. Texan Capital Management increased its stake in shares of Chevron Corp. by 1.8% in the second quarter. Texan Capital Management now owns 13,391 shares of the company’s stock worth $1,404,000 after buying an additional 231 shares during the last quarter. Swiss National Bank increased its stake in shares of Chevron Corp. by 8.7% in the second quarter. Swiss National Bank now owns 5,313,123 shares of the company’s stock worth $556,975,000 after buying an additional 423,600 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Chevron Corp. during the second quarter worth $294,000. Finally, Gratus Capital LLC increased its stake in shares of Chevron Corp. by 183.7% in the second quarter. Gratus Capital LLC now owns 14,421 shares of the company’s stock worth $1,512,000 after buying an additional 9,337 shares during the last quarter. Institutional investors own 62.26% of the company’s stock.
Chevron Corp. (NYSE:CVX) traded down 1.67% during trading on Friday, reaching $97.84. The company had a trading volume of 12,725,620 shares. Chevron Corp. has a one year low of $75.10 and a one year high of $107.58. The firm’s market capitalization is $184.58 billion. The firm’s 50-day moving average price is $101.60 and its 200 day moving average price is $100.07.
Chevron Corp. (NYSE:CVX) last released its quarterly earnings results on Friday, July 29th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by $1.10. The firm earned $29.28 billion during the quarter, compared to analysts’ expectations of $25.78 billion. Chevron Corp. had a positive return on equity of 1.07% and a negative net margin of 0.64%. The business’s quarterly revenue was down 27.4% on a year-over-year basis. During the same quarter last year, the business earned $0.30 earnings per share. Equities analysts forecast that Chevron Corp. will post $1.29 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Friday, August 19th were paid a $1.07 dividend. The ex-dividend date was Wednesday, August 17th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.37%. Chevron Corp.’s dividend payout ratio (DPR) is currently -1,097.44%.
A number of equities research analysts have weighed in on the company. Vetr upgraded Chevron Corp. from a “hold” rating to a “buy” rating and set a $107.24 target price for the company in a report on Tuesday, August 9th. Jefferies Group reiterated a “buy” rating on shares of Chevron Corp. in a report on Thursday, September 8th. Barclays PLC reissued an “equal weight” rating and issued a $125.00 price objective on shares of Chevron Corp. in a research note on Thursday, July 28th. Zacks Investment Research raised Chevron Corp. from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a research note on Tuesday, July 12th. Finally, BMO Capital Markets initiated coverage on Chevron Corp. in a research note on Monday, September 12th. They issued an “outperform” rating and a $120.00 price objective for the company. Thirteen research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $102.01.
In other news, insider Jeanette L. Ourada sold 7,000 shares of the firm’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $101.70, for a total value of $711,900.00. Following the transaction, the insider now directly owns 7,535 shares in the company, valued at approximately $766,309.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Pierre R. Breber sold 21,000 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $98.77, for a total value of $2,074,170.00. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.
About Chevron Corp.
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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