Cooper Haims Advisors LLC Buys Shares of 5,745 Chevron Corporation $CVX

Cooper Haims Advisors LLC purchased a new position in shares of Chevron Corporation (NYSE:CVXFree Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,745 shares of the oil and gas company’s stock, valued at approximately $952,000. Chevron accounts for 0.4% of Cooper Haims Advisors LLC’s holdings, making the stock its 23rd largest position.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new position in Chevron during the 2nd quarter valued at about $25,663,729,000. Norges Bank purchased a new position in shares of Chevron in the fourth quarter valued at approximately $3,727,586,000. Bank of New York Mellon Corp purchased a new position in shares of Chevron in the second quarter valued at approximately $2,378,114,000. State Street Corp grew its holdings in shares of Chevron by 9.1% in the third quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock valued at $23,698,184,000 after purchasing an additional 12,789,399 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in shares of Chevron in the second quarter valued at approximately $1,462,412,000. 72.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CVX has been the topic of a number of research reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $220.00 target price on shares of Chevron in a report on Tuesday, May 5th. Dbs Bank raised Chevron to a “moderate buy” rating in a research report on Thursday, August 6th. Barclays reduced their price objective on Chevron from $216.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, August 17th. Weiss Ratings upgraded Chevron from a “hold (c)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Finally, Zacks Research cut Chevron from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Twenty investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Chevron currently has an average rating of “Moderate Buy” and a consensus target price of $207.48.

Get Our Latest Stock Report on Chevron

Insiders Place Their Bets

In other Chevron news, insider R. Hewitt Pate sold 2,470 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $205.11, for a total value of $506,621.70. Following the sale, the insider directly owned 10,794 shares in the company, valued at $2,213,957.34. This trade represents a 18.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrew Benjamin Walz sold 16,800 shares of Chevron stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $201.06, for a total value of $3,377,808.00. Following the sale, the insider directly owned 14 shares of the company’s stock, valued at $2,814.84. This trade represents a 99.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,152,582 shares of company stock worth $225,853,661. 0.56% of the stock is owned by corporate insiders.

Chevron Stock Down 1.5%

Shares of Chevron stock opened at $199.98 on Wednesday. Chevron Corporation has a 52-week low of $146.49 and a 52-week high of $214.71. The company has a 50 day moving average of $185.88 and a 200 day moving average of $188.48. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $395.12 billion, a P/E ratio of 19.17, a P/E/G ratio of 0.61 and a beta of 0.49.

Chevron (NYSE:CVXGet Free Report) last announced its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, beating analysts’ consensus estimates of $5.55 by $0.51. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The company had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. During the same period in the prior year, the firm posted $1.77 EPS. The company’s quarterly revenue was up 57.4% compared to the same quarter last year. As a group, research analysts forecast that Chevron Corporation will post 16.17 EPS for the current fiscal year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be issued a $1.78 dividend. This represents a $7.12 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, August 19th. Chevron’s dividend payout ratio is 68.26%.

Key Chevron News

Here are the key news stories impacting Chevron this week:

Chevron Company Profile

(Free Report)

Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.

See Also

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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