Chevron Corp. (CVX) Stake Raised by AMG National Trust Bank
AMG National Trust Bank raised its position in Chevron Corp. (NYSE:CVX) by 1.5% during the second quarter, Holdings Channel reports. The firm owned 5,430 shares of the company’s stock after buying an additional 80 shares during the period. AMG National Trust Bank’s holdings in Chevron Corp. were worth $569,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of CVX. Mutual of America Capital Management LLC raised its position 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 period. Texan Capital Management raised its position 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 period. Swiss National Bank raised its position 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 period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Chevron Corp. during the second quarter worth about $294,000. Finally, Gratus Capital LLC raised its position 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 period. 62.26% of the stock is owned by institutional investors and hedge funds.
Chevron Corp. (NYSE:CVX) traded up 0.20% during midday trading on Monday, reaching $98.04. 6,182,037 shares of the company’s stock were exchanged. Chevron Corp. has a 52 week low of $75.10 and a 52 week high of $107.58. The firm has a 50-day moving average price of $101.60 and a 200 day moving average price of $100.07. The company’s market cap is $184.95 billion.
Chevron Corp. (NYSE:CVX) last posted its quarterly earnings data on Friday, July 29th. The company reported ($0.78) EPS for the quarter, missing the consensus estimate of $0.32 by $1.10. The company earned $29.28 billion during the quarter, compared to the consensus estimate of $25.78 billion. Chevron Corp. had a negative net margin of 0.64% and a positive return on equity of 1.07%. The company’s revenue was down 27.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 earnings per share. Analysts anticipate that Chevron Corp. will post $1.29 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, August 19th were given a $1.07 dividend. The ex-dividend date was Wednesday, August 17th. This represents a $4.28 annualized dividend and a yield of 4.37%. Chevron Corp.’s dividend payout ratio is currently -1,097.44%.
A number of equities analysts recently issued reports on the company. BMO Capital Markets assumed coverage on Chevron Corp. in a report on Monday, September 12th. They issued an “outperform” rating and a $120.00 price objective for the company. Jefferies Group restated a “buy” rating on shares of Chevron Corp. in a research report on Thursday, September 8th. Credit Suisse Group AG restated a “neutral” rating on shares of Chevron Corp. in a research report on Tuesday, September 6th. Vetr downgraded Chevron Corp. from a “buy” rating to a “hold” rating and set a $107.24 target price for the company. in a research report on Thursday, August 18th. Finally, Simmons upgraded Chevron Corp. from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $110.00 to $117.00 in a research report on Tuesday, August 9th. Thirteen equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $102.01.
In related news, insider Michael K. Wirth sold 125,000 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $100.47, for a total value of $12,558,750.00. Following the sale, the insider now directly owns 4,222 shares of the company’s stock, valued at approximately $424,184.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Pierre R. Breber sold 21,000 shares of the business’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $98.77, for a total transaction of $2,074,170.00. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate 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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