Colony Group LLC Has $1.21 Million Holdings in Chevron Corporation (CVX)
Colony Group LLC raised its position in Chevron Corporation (NYSE:CVX) by 352.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,576 shares of the oil and gas company’s stock after acquiring an additional 9,017 shares during the quarter. Colony Group LLC’s holdings in Chevron were worth $1,208,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. HPM Partners LLC increased its position in shares of Chevron by 197.0% during the first quarter. HPM Partners LLC now owns 38,735 shares of the oil and gas company’s stock valued at $4,159,000 after buying an additional 25,691 shares during the period. Lincoln National Corp increased its position in shares of Chevron by 33.3% during the first quarter. Lincoln National Corp now owns 82,502 shares of the oil and gas company’s stock valued at $8,859,000 after buying an additional 20,615 shares during the period. Korea Investment CORP increased its position in shares of Chevron by 5.1% during the second quarter. Korea Investment CORP now owns 1,476,610 shares of the oil and gas company’s stock valued at $154,055,000 after buying an additional 72,173 shares during the period. Adams Natural Resources Fund Inc. increased its position in shares of Chevron by 8.8% during the second quarter. Adams Natural Resources Fund Inc. now owns 596,800 shares of the oil and gas company’s stock valued at $62,264,000 after buying an additional 48,100 shares during the period. Finally, Strategic Financial Group LLC increased its position in shares of Chevron by 6.0% during the first quarter. Strategic Financial Group LLC now owns 8,979 shares of the oil and gas company’s stock valued at $964,000 after buying an additional 510 shares during the period. Hedge funds and other institutional investors own 63.93% of the company’s stock.
Several brokerages recently issued reports on CVX. Credit Suisse Group set a $123.00 price target on shares of Chevron and gave the company a “buy” rating in a research report on Friday, August 25th. Barclays upgraded shares of Chevron to an “overweight” rating in a research report on Wednesday, October 11th. Vetr cut shares of Chevron from a “buy” rating to a “hold” rating and set a $124.92 price target on the stock. in a research report on Monday, October 16th. Zacks Investment Research upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $129.00 price target on the stock in a research report on Friday, November 17th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating on shares of Chevron in a research report on Saturday, September 16th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $121.22.
In other news, CFO Patricia E. Yarrington sold 13,143 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $115.01, for a total value of $1,511,576.43. Following the transaction, the chief financial officer now owns 17,981 shares in the company, valued at $2,067,994.81. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman Michael K. Wirth sold 1,229 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was 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 owns 1,229 shares in the company, valued at approximately $145,022. The disclosure for this sale can be found here. In the last quarter, insiders sold 314,000 shares of company stock worth $36,540,822. Insiders own 0.38% of the company’s stock.
Shares of Chevron Corporation (NYSE CVX) opened at $119.68 on Wednesday. The firm has a market cap of $228,722.61, a PE ratio of 33.73, a price-to-earnings-growth ratio of 3.98 and a beta of 1.21. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. Chevron Corporation has a fifty-two week low of $102.55 and a fifty-two week high of $122.30.
Chevron (NYSE:CVX) last issued its earnings results on Friday, October 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.04. The firm had revenue of $36.21 billion for the quarter, compared to the consensus estimate of $34.06 billion. Chevron had a net margin of 4.79% and a return on equity of 4.59%. The business’s revenue was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 earnings per share. equities analysts expect that Chevron Corporation will post 4.32 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Friday, November 17th were paid a $1.08 dividend. The ex-dividend date was Thursday, November 16th. This represents a $4.32 annualized dividend and a dividend yield of 3.61%. Chevron’s dividend payout ratio is presently 125.95%.
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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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