Chevron Corporation (NYSE:CVX) Stake Reduced by Signaturefd LLC
Signaturefd LLC decreased its stake in Chevron Corporation (NYSE:CVX) by 4.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,316 shares of the oil and gas company’s stock after selling 492 shares during the period. Signaturefd LLC’s holdings in Chevron Corporation were worth $1,108,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. HCR Wealth Advisors acquired a new position in Chevron Corporation during the fourth quarter valued at $3,831,000. AQR Capital Management LLC raised its position in Chevron Corporation by 27.4% in the fourth quarter. AQR Capital Management LLC now owns 1,831,675 shares of the oil and gas company’s stock valued at $215,588,000 after buying an additional 394,307 shares in the last quarter. Guggenheim Capital LLC raised its position in Chevron Corporation by 2.1% in the fourth quarter. Guggenheim Capital LLC now owns 988,896 shares of the oil and gas company’s stock valued at $116,394,000 after buying an additional 20,383 shares in the last quarter. Banco Santander S.A. acquired a new position in Chevron Corporation during the fourth quarter valued at $24,379,000. Finally, Foresters Investment Management Company Inc. raised its position in Chevron Corporation by 0.3% in the fourth quarter. Foresters Investment Management Company Inc. now owns 161,860 shares of the oil and gas company’s stock valued at $19,167,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 62.58% of the company’s stock.
Chevron Corporation (NYSE CVX) traded down 0.80% during mid-day trading on Friday, hitting $109.23. The company had a trading volume of 3,382,960 shares. The firm has a market capitalization of $206.99 billion, a PE ratio of 35.42 and a beta of 1.23. The company’s 50 day moving average price is $106.01 and its 200-day moving average price is $107.75. Chevron Corporation has a 12-month low of $97.53 and a 12-month 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 net margin of 4.50% and a return on equity of 4.13%. The business had revenue of $34.48 billion for the quarter, compared to analysts’ expectations of $32.77 billion. During the same quarter last year, the firm earned ($0.78) EPS. The firm’s revenue for the quarter was up 17.8% compared to the same quarter last year. On average, analysts forecast that Chevron Corporation will post $3.80 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 18th will be paid a $1.08 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $4.32 annualized dividend and a yield of 3.95%. Chevron Corporation’s dividend payout ratio (DPR) is 140.26%.
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Several research firms have weighed in on CVX. Piper Jaffray Companies reiterated a “buy” rating on shares of Chevron Corporation in a report on Thursday, August 3rd. Zacks Investment Research upgraded Chevron Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. BNP Paribas upgraded Chevron Corporation from an “underperform” rating to a “neutral” rating and set a $105.00 target price on the stock in a report on Monday, August 7th. TheStreet lowered Chevron Corporation from a “b” rating to a “c+” rating in a report on Friday, July 28th. Finally, Scotiabank set a $115.00 target price on Chevron Corporation and gave the stock a “buy” rating in a report on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Chevron Corporation currently has an average rating of “Buy” and an average target price of $116.18.
In other Chevron Corporation news, insider James William Johnson sold 31,000 shares of the stock in a transaction dated 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 sale, the insider now owns 11,000 shares in the company, valued at approximately $1,217,480. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Patricia E. Yarrington sold 39,000 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $111.00, for a total transaction of $4,329,000.00. Following the completion of the sale, the chief financial officer now owns 43,838 shares of the company’s stock, valued at approximately $4,866,018. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.
Chevron Corporation Company 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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