Chevron Corporation (CVX) Holdings Raised by Northstar Group Inc.
Northstar Group Inc. grew its holdings in Chevron Corporation (NYSE:CVX) by 0.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,714 shares of the oil and gas company’s stock after acquiring an additional 19 shares during the quarter. Northstar Group Inc.’s holdings in Chevron Corporation were worth $388,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the business. New Capital Management LP lifted its holdings in shares of Chevron Corporation by 0.3% during the 1st quarter. New Capital Management LP now owns 1,455 shares of the oil and gas company’s stock valued at $156,000 after purchasing an additional 4 shares in the last quarter. Haverford Financial Services Inc. grew its position in shares of Chevron Corporation by 0.7% in the 1st quarter. Haverford Financial Services Inc. now owns 2,303 shares of the oil and gas company’s stock valued at $247,000 after purchasing an additional 16 shares during the period. Orgel Wealth Management LLC grew its position in shares of Chevron Corporation by 0.8% in the 1st quarter. Orgel Wealth Management LLC now owns 2,346 shares of the oil and gas company’s stock valued at $252,000 after purchasing an additional 18 shares during the period. Curbstone Financial Management Corp grew its position in shares of Chevron Corporation by 0.3% in the 2nd quarter. Curbstone Financial Management Corp now owns 8,170 shares of the oil and gas company’s stock valued at $852,000 after purchasing an additional 25 shares during the period. Finally, Stillwater Investment Management LLC grew its position in shares of Chevron Corporation by 1.0% in the 2nd quarter. Stillwater Investment Management LLC now owns 2,577 shares of the oil and gas company’s stock valued at $269,000 after purchasing an additional 26 shares during the period. Institutional investors own 62.74% of the company’s stock.
A number of brokerages have weighed in on CVX. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $123.00 price target (up previously from $118.00) on shares of Chevron Corporation in a research note on Tuesday, September 19th. Cowen and Company reissued a “buy” rating and set a $122.00 price objective on shares of Chevron Corporation in a research report on Tuesday, September 19th. J P Morgan Chase & Co restated an “overweight” rating on shares of Chevron Corporation in a report on Saturday, September 16th. Scotiabank restated a “buy” rating on shares of Chevron Corporation in a report on Friday, September 15th. Finally, Zacks Investment Research upgraded shares of Chevron Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $116.87.
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In other Chevron Corporation news, CFO Patricia E. Yarrington sold 39,000 shares of Chevron Corporation stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $111.00, for a total transaction of $4,329,000.00. Following the completion of the transaction, the chief financial officer now owns 43,838 shares of the company’s stock, valued at approximately $4,866,018. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Linnet F. Deily sold 2,312 shares of Chevron Corporation stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $107.38, for a total value of $248,262.56. The disclosure for this sale can be found here. Insiders have sold a total of 72,312 shares of company stock worth $8,008,343 in the last three months. 0.38% of the stock is currently owned by insiders.
Chevron Corporation (NYSE CVX) traded down 0.1139% during mid-day trading on Monday, reaching $117.3662. The company had a trading volume of 2,203,050 shares. The company’s 50-day moving average is $109.87 and its 200-day moving average is $107.14. The stock has a market capitalization of $222.41 billion, a PE ratio of 38.0565 and a beta of 1.24. Chevron Corporation has a one year low of $99.61 and a one year high of $119.00.
Chevron Corporation (NYSE:CVX) last announced its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.02. Chevron Corporation had a return on equity of 4.13% and a net margin of 4.50%. The company had revenue of $34.48 billion during the quarter, compared to analysts’ expectations of $32.77 billion. During the same period in the previous year, the business earned ($0.78) earnings per share. The firm’s quarterly revenue was up 17.8% compared to the same quarter last year. Equities research analysts anticipate that Chevron Corporation will post $3.93 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 18th were issued a dividend of $1.08 per share. The ex-dividend date was Wednesday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 3.68%. Chevron Corporation’s dividend payout ratio (DPR) is 140.26%.
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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