Sii Investments Inc. WI Sells 7,081 Shares of Chevron Corporation (NYSE:CVX)
Sii Investments Inc. WI decreased its position in Chevron Corporation (NYSE:CVX) by 14.7% during the first quarter, Holdings Channel reports. The institutional investor owned 41,213 shares of the oil and gas company’s stock after selling 7,081 shares during the period. Sii Investments Inc. WI’s holdings in Chevron Corporation were worth $4,424,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Level Four Advisory Services LLC raised its position in Chevron Corporation by 8.5% in the first quarter. Level Four Advisory Services LLC now owns 34,106 shares of the oil and gas company’s stock worth $3,692,000 after buying an additional 2,664 shares in the last quarter. State Street Corp raised its position in Chevron Corporation by 1.1% in the first quarter. State Street Corp now owns 118,769,549 shares of the oil and gas company’s stock worth $12,752,287,000 after buying an additional 1,261,078 shares in the last quarter. Two Sigma Securities LLC acquired a new position in Chevron Corporation during the first quarter worth about $1,265,000. MEMBERS Trust Co acquired a new position in Chevron Corporation during the first quarter worth about $1,007,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in Chevron Corporation during the first quarter worth about $37,785,000. 62.58% of the stock is owned by institutional investors.
Shares of Chevron Corporation (CVX) traded down 0.80% during midday trading on Friday, reaching $109.23. 3,382,960 shares of the company’s stock traded hands. Chevron Corporation has a 52 week low of $97.53 and a 52 week high of $119.00. The company has a market capitalization of $206.99 billion, a PE ratio of 35.42 and a beta of 1.23. The stock’s 50 day moving average is $106.01 and its 200-day moving average is $107.75.
Chevron Corporation (NYSE:CVX) last posted its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.02. Chevron Corporation had a return on equity of 4.13% and a net margin of 4.50%. The business had revenue of $34.48 billion for the quarter, compared to analyst estimates of $32.77 billion. During the same quarter last year, the company earned ($0.78) earnings per share. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year. On average, analysts forecast that Chevron Corporation will post $3.80 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 18th will be given a dividend of $1.08 per share. The ex-dividend date is Wednesday, August 16th. This represents a $4.32 annualized dividend and a yield of 3.95%. Chevron Corporation’s dividend payout ratio (DPR) is presently 140.26%.
A number of equities analysts have issued reports on the stock. BNP Paribas raised shares of Chevron Corporation from an “underperform” rating to a “neutral” rating and set a $105.00 price target for the company in a research report on Monday, August 7th. Piper Jaffray Companies reissued a “buy” rating on shares of Chevron Corporation in a research report on Thursday, August 3rd. Zacks Investment Research raised shares of Chevron Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Scotiabank set a $115.00 price target on shares of Chevron Corporation and gave the stock a “buy” rating in a research report on Monday, July 31st. Finally, TheStreet lowered shares of Chevron Corporation from a “b” rating to a “c+” rating in a research report on Friday, July 28th. 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 issued a strong buy rating to the company’s stock. Chevron Corporation presently has an average rating of “Buy” and an average price target of $116.18.
In related news, CFO Patricia E. Yarrington sold 39,000 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $111.00, for a total transaction of $4,329,000.00. Following the transaction, the chief financial officer now directly owns 43,838 shares in the company, valued at $4,866,018. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James William Johnson sold 31,000 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $110.68, for a total value of $3,431,080.00. Following the transaction, the insider now owns 11,000 shares in the company, valued at $1,217,480. The disclosure for this sale can be found here. Corporate 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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