Aureus Asset Management LLC Has $568,000 Holdings in Chevron Corporation (CVX)
Aureus Asset Management LLC raised its holdings in Chevron Corporation (NYSE:CVX) by 94.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 5,445 shares of the oil and gas company’s stock after acquiring an additional 2,641 shares during the period. Aureus Asset Management LLC’s holdings in Chevron were worth $568,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Numeric Investors LLC increased its holdings in shares of Chevron by 158.4% during the 2nd quarter. Numeric Investors LLC now owns 52,200 shares of the oil and gas company’s stock worth $5,446,000 after buying an additional 32,000 shares during the last quarter. Brandywine Global Investment Management LLC increased its holdings in shares of Chevron by 7.7% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 1,810,245 shares of the oil and gas company’s stock worth $188,863,000 after buying an additional 129,566 shares during the last quarter. Zacks Investment Management increased its holdings in shares of Chevron by 0.7% during the 2nd quarter. Zacks Investment Management now owns 541,890 shares of the oil and gas company’s stock worth $56,535,000 after buying an additional 3,680 shares during the last quarter. Precocity Capital LP acquired a new stake in shares of Chevron during the 2nd quarter worth $15,650,000. Finally, Bank of Hawaii increased its holdings in shares of Chevron by 3.4% during the 2nd quarter. Bank of Hawaii now owns 68,179 shares of the oil and gas company’s stock worth $7,113,000 after buying an additional 2,216 shares during the last quarter. Institutional investors own 63.93% of the company’s stock.
Shares of Chevron Corporation (NYSE:CVX) opened at $119.92 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.23. Chevron Corporation has a 12-month low of $102.55 and a 12-month high of $122.30. The firm has a market cap of $227,772.92, a price-to-earnings ratio of 33.59, a P/E/G ratio of 3.97 and a beta of 1.21.
Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, October 27th. The oil and gas company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. Chevron had a net margin of 4.79% and a return on equity of 4.59%. The firm had revenue of $36.21 billion during the quarter, compared to analysts’ expectations of $34.06 billion. During the same period in the prior year, the company earned $0.68 EPS. The firm’s revenue was up 20.1% on a year-over-year basis. analysts anticipate that Chevron Corporation will post 4.32 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be given a dividend of $1.08 per share. The ex-dividend date is Thursday, November 16th. This represents a $4.32 dividend on an annualized basis and a yield of 3.60%. Chevron’s dividend payout ratio (DPR) is 125.95%.
A number of analysts have recently commented on the company. UBS set a $120.00 price objective on Chevron and gave the stock a “neutral” rating in a report on Monday, December 4th. Bank of America set a $125.00 price objective on Chevron and gave the stock a “buy” rating in a report on Saturday, December 2nd. Zacks Investment Research downgraded Chevron from a “buy” rating to a “hold” rating in a report on Monday, November 20th. Citigroup upped their price objective on Chevron from $118.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, October 30th. Finally, Jefferies Group restated a “buy” rating and set a $137.00 price objective (up from $113.54) on shares of Chevron in a report on Monday, October 30th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $121.22.
In other Chevron news, VP R. Hewitt Pate sold 25,500 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $120.00, for a total value of $3,060,000.00. Following the completion of the transaction, the vice president now directly owns 25,500 shares of the company’s stock, valued at approximately $3,060,000. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Vice Chairman Michael K. Wirth sold 1,229 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $118.00, for a total transaction of $145,022.00. Following the completion of the transaction, the insider now directly owns 1,229 shares of the company’s stock, valued at $145,022. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 314,000 shares of company stock valued at $36,540,822. 0.38% of the stock is owned by corporate insiders.
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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