Chevron Corporation (CVX) Shares Sold by FineMark National Bank & Trust

FineMark National Bank & Trust reduced its stake in shares of Chevron Corporation (NYSE:CVX) by 1.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 55,729 shares of the oil and gas company’s stock after selling 1,096 shares during the period. FineMark National Bank & Trust’s holdings in Chevron Corporation were worth $5,814,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Americafirst Capital Management LLC purchased a new position in Chevron Corporation in the 1st quarter worth $140,000. American Research & Management Co. raised its position in Chevron Corporation by 1.6% in the 1st quarter. American Research & Management Co. now owns 40,908 shares of the oil and gas company’s stock worth $4,392,000 after purchasing an additional 631 shares during the period. Mountain Pacific Investment Advisers Inc. ID raised its position in Chevron Corporation by 7.5% in the 1st quarter. Mountain Pacific Investment Advisers Inc. ID now owns 15,626 shares of the oil and gas company’s stock worth $1,678,000 after purchasing an additional 1,086 shares during the period. CWM LLC raised its position in Chevron Corporation by 9.4% in the 1st quarter. CWM LLC now owns 182,096 shares of the oil and gas company’s stock worth $19,552,000 after purchasing an additional 15,580 shares during the period. Finally, Howard Capital Management raised its position in Chevron Corporation by 1.1% in the 1st quarter. Howard Capital Management now owns 137,042 shares of the oil and gas company’s stock worth $14,714,000 after purchasing an additional 1,459 shares during the period. 62.73% of the stock is owned by institutional investors.

In related news, insider James William Johnson sold 31,000 shares of the firm’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 transaction, the insider now owns 11,000 shares of the company’s stock, valued at approximately $1,217,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Linnet F. Deily sold 2,312 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $107.38, for a total transaction of $248,262.56. The disclosure for this sale can be found here. Insiders sold a total of 72,312 shares of company stock worth $8,008,343 in the last ninety days. 0.38% of the stock is currently owned by insiders.

WARNING: “Chevron Corporation (CVX) Shares Sold by FineMark National Bank & Trust” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/10/chevron-corporation-cvx-shares-sold-by-finemark-national-bank-trust.html.

Chevron Corporation (CVX) opened at 117.71 on Tuesday. Chevron Corporation has a 12 month low of $99.61 and a 12 month high of $119.00. The stock has a market cap of $223.06 billion, a PE ratio of 38.17 and a beta of 1.24. The company’s 50 day moving average is $113.20 and its 200 day moving average is $107.98.

Chevron Corporation (NYSE:CVX) last posted its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.02. The company had revenue of $34.48 billion for the quarter, compared to the consensus estimate of $32.77 billion. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. The firm’s revenue was up 17.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.78) EPS. On average, analysts anticipate that Chevron Corporation will post $3.93 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 18th were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend was Wednesday, August 16th. Chevron Corporation’s dividend payout ratio is presently 140.26%.

CVX has been the topic of a number of analyst reports. BidaskClub upgraded shares of Chevron Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Vetr upgraded shares of Chevron Corporation from a “buy” rating to a “strong-buy” rating and set a $120.37 target price on the stock in a research report on Thursday, June 15th. Macquarie cut shares of Chevron Corporation from an “outperform” rating to a “neutral” rating and set a $105.00 target price on the stock. in a research report on Wednesday, June 21st. BMO Capital Markets set a $130.00 target price on shares of Chevron Corporation and gave the stock a “buy” rating in a research report on Thursday, June 22nd. Fi

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Americafirst Capital Management LLC purchased a new position in Chevron Corporation in the 1st quarter worth $140,000. American Research & Management Co. raised its position in Chevron Corporation by 1.6% in the 1st quarter. American Research & Management Co. now owns 40,908 shares of the oil and gas company’s stock worth $4,392,000 after purchasing an additional 631 shares during the period. Mountain Pacific Investment Advisers Inc. ID raised its position in Chevron Corporation by 7.5% in the 1st quarter. Mountain Pacific Investment Advisers Inc. ID now owns 15,626 shares of the oil and gas company’s stock worth $1,678,000 after purchasing an additional 1,086 shares during the period. CWM LLC raised its position in Chevron Corporation by 9.4% in the 1st quarter. CWM LLC now owns 182,096 shares of the oil and gas company’s stock worth $19,552,000 after purchasing an additional 15,580 shares during the period. Finally, Howard Capital Management raised its position in Chevron Corporation by 1.1% in the 1st quarter. Howard Capital Management now owns 137,042 shares of the oil and gas company’s stock worth $14,714,000 after purchasing an additional 1,459 shares during the period. 62.73% of the stock is owned by institutional investors.

In related news, insider James William Johnson sold 31,000 shares of the firm’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 transaction, the insider now owns 11,000 shares of the company’s stock, valued at approximately $1,217,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Linnet F. Deily sold 2,312 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $107.38, for a total transaction of $248,262.56. The disclosure for this sale can be found here. Insiders sold a total of 72,312 shares of company stock worth $8,008,343 in the last ninety days. 0.38% of the stock is currently owned by insiders.

WARNING: “Chevron Corporation (CVX) Shares Sold by FineMark National Bank & Trust” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/10/chevron-corporation-cvx-shares-sold-by-finemark-national-bank-trust.html.

Chevron Corporation (CVX) opened at 117.71 on Tuesday. Chevron Corporation has a 12 month low of $99.61 and a 12 month high of $119.00. The stock has a market cap of $223.06 billion, a PE ratio of 38.17 and a beta of 1.24. The company’s 50 day moving average is $113.20 and its 200 day moving average is $107.98.

Chevron Corporation (NYSE:CVX) last posted its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.02. The company had revenue of $34.48 billion for the quarter, compared to the consensus estimate of $32.77 billion. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. The firm’s revenue was up 17.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.78) EPS. On average, analysts anticipate that Chevron Corporation will post $3.93 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 18th were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend was Wednesday, August 16th. Chevron Corporation’s dividend payout ratio is presently 140.26%.

CVX has been the topic of a number of analyst reports. BidaskClub upgraded shares of Chevron Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Vetr upgraded shares of Chevron Corporation from a “buy” rating to a “strong-buy” rating and set a $120.37 target price on the stock in a research report on Thursday, June 15th. Macquarie cut shares of Chevron Corporation from an “outperform” rating to a “neutral” rating and set a $105.00 target price on the stock. in a research report on Wednesday, June 21st. BMO Capital Markets set a $130.00 target price on shares of Chevron Corporation and gave the stock a “buy” rating in a research report on Thursday, June 22nd. Finally, Jefferies Group LLC set a $135.00 target price on shares of Chevron Corporation and gave the stock a “buy” rating in a research report on Saturday, June 24th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $116.82.

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.

Institutional Ownership by Quarter for Chevron Corporation (NYSE:CVX)

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