Hartland & Co. LLC Has $4.18 Million Holdings in Chevron Corporation (CVX)
Hartland & Co. LLC boosted its holdings in shares of Chevron Corporation (NYSE:CVX) by 3.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 40,036 shares of the oil and gas company’s stock after acquiring an additional 1,313 shares during the period. Hartland & Co. LLC’s holdings in Chevron Corporation were worth $4,177,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. acquired a new position in shares of Chevron Corporation in the 2nd quarter valued at $106,000. Thompson Davis & CO. Inc. grew its holdings in shares of Chevron Corporation by 20.0% in the 1st quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock valued at $123,000 after buying an additional 191 shares during the period. Winfield Associates Inc. grew its holdings in shares of Chevron Corporation by 5.1% in the 2nd quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock valued at $136,000 after buying an additional 63 shares during the period. Daiwa SB Investments Ltd. grew its holdings in shares of Chevron Corporation by 438.5% in the 2nd quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock valued at $146,000 after buying an additional 1,140 shares during the period. Finally, New Capital Management LP grew its holdings in shares of Chevron Corporation by 0.3% in the 1st quarter. New Capital Management LP now owns 1,455 shares of the oil and gas company’s stock valued at $156,000 after buying an additional 4 shares during the period. 63.15% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Pierre R. Breber sold 23,250 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $116.85, for a total value of $2,716,762.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP R. Hewitt Pate sold 25,500 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $120.00, for a total transaction of $3,060,000.00. Following the completion of the sale, the vice president now directly owns 25,500 shares in the company, valued at $3,060,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,122 shares of company stock worth $7,433,361. 0.38% of the stock is owned by insiders.
Shares of Chevron Corporation (CVX) opened at $115.17 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. The stock has a market cap of $217,896.17, a PE ratio of 32.13, a PEG ratio of 3.85 and a beta of 1.22. Chevron Corporation has a fifty-two week low of $102.55 and a fifty-two week high of $120.89.
Chevron Corporation (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, beating the Zacks’ consensus estimate of $0.99 by $0.04. The company had revenue of $36.21 billion for the quarter, compared to analysts’ expectations of $34.06 billion. Chevron Corporation had a net margin of 4.79% and a return on equity of 4.59%. Chevron Corporation’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 EPS. analysts predict that Chevron Corporation will post 4.26 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 17th will be issued a $1.08 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.75%. Chevron Corporation’s payout ratio is 125.95%.
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CVX has been the subject of several research analyst reports. BMO Capital Markets set a $120.00 price target on shares of Chevron Corporation and gave the company a “buy” rating in a report on Sunday, July 30th. BidaskClub raised shares of Chevron Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. TheStreet lowered shares of Chevron Corporation from a “b” rating to a “c+” rating in a report on Friday, July 28th. Scotiabank set a $115.00 price target on shares of Chevron Corporation and gave the company a “buy” rating in a report on Monday, July 31st. Finally, Zacks Investment Research raised shares of Chevron Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $120.54.
Chevron Corporation 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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