Farmhouse Investment Management LLC Holds Position in Chevron Corporation (CVX)
Farmhouse Investment Management LLC maintained its position in Chevron Corporation (NYSE:CVX) during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,844 shares of the oil and gas company’s stock at the end of the second quarter. Chevron Corporation accounts for approximately 0.5% of Farmhouse Investment Management LLC’s investment portfolio, making the stock its 23rd largest holding. Farmhouse Investment Management LLC’s holdings in Chevron Corporation were worth $1,027,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. New Capital Management LP lifted its holdings in Chevron Corporation by 0.3% during the first quarter. New Capital Management LP now owns 1,455 shares of the oil and gas company’s stock worth $156,000 after acquiring an additional 4 shares during the period. Hochman Cole Investment Advisors Inc. lifted its holdings in Chevron Corporation by 0.3% during the second quarter. Hochman Cole Investment Advisors Inc. now owns 2,682 shares of the oil and gas company’s stock worth $280,000 after acquiring an additional 7 shares during the period. Haverford Financial Services Inc. lifted its holdings in Chevron Corporation by 0.7% during the first quarter. Haverford Financial Services Inc. now owns 2,303 shares of the oil and gas company’s stock worth $247,000 after acquiring an additional 16 shares during the period. Orgel Wealth Management LLC lifted its holdings in Chevron Corporation by 0.8% during the first quarter. Orgel Wealth Management LLC now owns 2,346 shares of the oil and gas company’s stock worth $252,000 after acquiring an additional 18 shares during the period. Finally, Northstar Group Inc. lifted its holdings in Chevron Corporation by 0.5% during the second quarter. Northstar Group Inc. now owns 3,714 shares of the oil and gas company’s stock worth $388,000 after acquiring an additional 19 shares during the period. Institutional investors own 62.90% of the company’s stock.
In related news, VP R. Hewitt Pate sold 25,500 shares of the business’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $120.00, for a total transaction of $3,060,000.00. Following the completion of the transaction, the vice president now directly owns 25,500 shares in the company, valued at $3,060,000. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Linnet F. Deily sold 2,312 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was 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. 0.38% of the stock is owned by insiders.
Chevron Corporation (NYSE CVX) opened at $114.99 on Friday. Chevron Corporation has a 52-week low of $102.55 and a 52-week high of $120.89. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.74 and a current ratio of 0.95. The company has a market capitalization of $218,409.02, a PE ratio of 32.21, a P/E/G ratio of 3.90 and a beta of 1.22.
Chevron Corporation (NYSE:CVX) last posted its earnings results on Friday, October 27th. The oil and gas company reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.04. Chevron Corporation had a return on equity of 4.59% and a net margin of 4.79%. The business had revenue of $36.21 billion during the quarter, compared to analysts’ expectations of $34.06 billion. During the same period in the previous year, the business earned $0.68 earnings per share. The firm’s revenue was up 20.1% on a year-over-year basis. equities research analysts predict that Chevron Corporation will post 4.21 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.76%. The ex-dividend date is Thursday, November 16th. Chevron Corporation’s payout ratio is 125.95%.
A number of analysts recently commented on CVX shares. Barclays PLC reiterated an “overweight” rating and set a $125.00 price target (up from $116.00) on shares of Chevron Corporation in a report on Wednesday, July 12th. Wolfe Research lowered Chevron Corporation from an “outperform” rating to a “market perform” rating in a report on Monday, July 17th. Zacks Investment Research lowered Chevron Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Wells Fargo & Company lowered Chevron Corporation to an “outperform” rating and dropped their price target for the stock from $124.00 to $102.00 in a report on Monday, July 17th. Finally, Citigroup Inc. dropped their price target on Chevron Corporation from $129.00 to $118.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the company. Chevron Corporation has an average rating of “Hold” and an average target price of $120.45.
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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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