DF Dent & Co. Inc. Has $689,000 Stake in Chevron Corporation (NYSE:CVX)
DF Dent & Co. Inc. decreased its position in Chevron Corporation (NYSE:CVX) by 0.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,417 shares of the oil and gas company’s stock after selling 60 shares during the period. DF Dent & Co. Inc.’s holdings in Chevron Corporation were worth $689,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Kentucky Retirement Systems bought a new stake in shares of Chevron Corporation during the fourth quarter worth $16,123,000. Rothschild Investment Corp IL boosted its stake in shares of Chevron Corporation by 2.3% in the first quarter. Rothschild Investment Corp IL now owns 41,232 shares of the oil and gas company’s stock worth $4,427,000 after buying an additional 919 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Chevron Corporation by 7.7% in the first quarter. Janney Montgomery Scott LLC now owns 504,112 shares of the oil and gas company’s stock worth $54,127,000 after buying an additional 36,257 shares during the period. First PREMIER Bank boosted its stake in shares of Chevron Corporation by 4.7% in the first quarter. First PREMIER Bank now owns 4,241 shares of the oil and gas company’s stock worth $456,000 after buying an additional 190 shares during the period. Finally, Merriman Wealth Management LLC bought a new stake in shares of Chevron Corporation during the first quarter worth $224,000. Hedge funds and other institutional investors own 62.58% of the company’s stock.
Shares of Chevron Corporation (NYSE:CVX) traded up 0.12% on Thursday, hitting $111.02. The stock had a trading volume of 991,135 shares. Chevron Corporation has a 12-month low of $97.53 and a 12-month high of $119.00. The stock has a 50 day moving average price of $105.71 and a 200-day moving average price of $107.78. The company has a market cap of $210.38 billion, a price-to-earnings ratio of 36.00 and a beta of 1.23.
Chevron Corporation (NYSE:CVX) last issued its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.02. The firm had revenue of $34.48 billion for the quarter, compared to analysts’ expectations of $32.77 billion. Chevron Corporation had a return on equity of 4.13% and a net margin of 4.50%. The firm’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.78) EPS. On average, equities analysts expect that Chevron Corporation will post $3.80 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 18th will be given a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.90%. The ex-dividend date is Wednesday, August 16th. Chevron Corporation’s dividend payout ratio (DPR) is presently 140.26%.
CVX has been the subject of a number of analyst reports. Vetr upgraded Chevron Corporation from a “buy” rating to a “strong-buy” rating and set a $120.46 price objective for the company in a research note on Friday, April 14th. BidaskClub cut Chevron Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Scotiabank set a $114.00 price objective on Chevron Corporation and gave the stock a “buy” rating in a research note on Monday, May 1st. Wells Fargo & Company cut Chevron Corporation to an “outperform” rating and decreased their price objective for the stock from $124.00 to $102.00 in a research note on Monday, July 17th. Finally, Exane BNP Paribas cut Chevron Corporation from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $105.00 to $100.00 in a research note on Friday, May 26th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $116.18.
In related news, CFO Patricia E. Yarrington sold 39,000 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $111.00, for a total value of $4,329,000.00. Following the transaction, the chief financial officer now owns 43,838 shares in the company, valued at approximately $4,866,018. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James William Johnson sold 31,000 shares of the business’s 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 transaction, the insider now owns 11,000 shares in the company, valued at approximately $1,217,480. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.
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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