Mn Services Vermogensbeheer B.V. Acquires 260,030 Shares of Chevron Corporation (CVX)

Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Chevron Corporation (NYSE:CVX) by 515.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 310,484 shares of the oil and gas company’s stock after buying an additional 260,030 shares during the period. Chevron Corporation comprises 0.9% of Mn Services Vermogensbeheer B.V.’s portfolio, making the stock its 17th largest holding. Mn Services Vermogensbeheer B.V.’s holdings in Chevron Corporation were worth $32,393,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. HPM Partners LLC boosted its stake in Chevron Corporation by 197.0% during the first quarter. HPM Partners LLC now owns 38,735 shares of the oil and gas company’s stock worth $4,159,000 after buying an additional 25,691 shares in the last quarter. Lincoln National Corp lifted its holdings in shares of Chevron Corporation by 33.3% during the first quarter. Lincoln National Corp now owns 82,502 shares of the oil and gas company’s stock valued at $8,859,000 after acquiring an additional 20,615 shares during the period. Strategic Financial Group LLC lifted its holdings in shares of Chevron Corporation by 6.0% during the first quarter. Strategic Financial Group LLC now owns 8,979 shares of the oil and gas company’s stock valued at $964,000 after acquiring an additional 510 shares during the period. Rothschild Investment Corp IL lifted its holdings in shares of Chevron Corporation by 2.3% during the first quarter. Rothschild Investment Corp IL now owns 41,232 shares of the oil and gas company’s stock valued at $4,427,000 after acquiring an additional 919 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Chevron Corporation by 7.7% during the first quarter. Janney Montgomery Scott LLC now owns 504,112 shares of the oil and gas company’s stock valued at $54,127,000 after acquiring an additional 36,257 shares during the period. Hedge funds and other institutional investors own 62.73% of the company’s stock.

In other Chevron Corporation news, Director Linnet F. Deily sold 2,312 shares of the 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Patricia E. Yarrington sold 39,000 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $111.00, for a total value of $4,329,000.00. Following the completion of the transaction, the chief financial officer now owns 43,838 shares of the company’s stock, valued at $4,866,018. The disclosure for this sale can be found here. Insiders sold 72,312 shares of company stock valued at $8,008,343 over the last quarter. Corporate insiders own 0.38% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Mn Services Vermogensbeheer B.V. Acquires 260,030 Shares of Chevron Corporation (CVX)” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://ledgergazette.com/2017/10/10/mn-services-vermogensbeheer-b-v-acquires-260030-shares-of-chevron-corporation-cvx.html.

A number of research analysts have issued reports on the company. Barclays PLC lifted their price objective on Chevron Corporation from $120.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday. Jefferies Group LLC reissued a “buy” rating and set a $130.00 price objective on shares of Chevron Corporation in a report on Tuesday, October 3rd. Piper Jaffray Companies reissued a “buy” rating on shares of Chevron Corporation in a report on Thursday, August 3rd. Wells Fargo & Company reissued a “market perform” rating and set a $108.00 price objective (up from $100.00) on shares of Chevron Corporation in a report on Tuesday, October 3rd. Finally, Zacks Investment Research raised Chevron Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $117.07.

Shares of Chevron Corporation (NYSE CVX) traded up 1.25% during mid-day trading on Tuesday, reaching $119.18. The company’s stock had a trading volume of 2,772,026 shares. The company has a 50-day moving average of $113.20 and a 200-day moving average of $107.98. The firm has a market cap of $225.85 billion, a PE ratio of 38.64 and a beta of 1.24. Chevron Corporation has a 12 month low of $99.61 and a 12 month high of $119.82.

Chevron Corporation (NYSE:CVX) last posted its earnings results on Friday, July 28th. The oil and gas company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.89 by $0.02. The firm had revenue of $34.48 billion during the quarter, compared to the consensus estimate of $32.77 billion. Chevron Corporation had a return on equity of 4.13% and a net margin of 4.

Other institutional investors and hedge funds have also bought and sold shares of the company. HPM Partners LLC boosted its stake in Chevron Corporation by 197.0% during the first quarter. HPM Partners LLC now owns 38,735 shares of the oil and gas company’s stock worth $4,159,000 after buying an additional 25,691 shares in the last quarter. Lincoln National Corp lifted its holdings in shares of Chevron Corporation by 33.3% during the first quarter. Lincoln National Corp now owns 82,502 shares of the oil and gas company’s stock valued at $8,859,000 after acquiring an additional 20,615 shares during the period. Strategic Financial Group LLC lifted its holdings in shares of Chevron Corporation by 6.0% during the first quarter. Strategic Financial Group LLC now owns 8,979 shares of the oil and gas company’s stock valued at $964,000 after acquiring an additional 510 shares during the period. Rothschild Investment Corp IL lifted its holdings in shares of Chevron Corporation by 2.3% during the first quarter. Rothschild Investment Corp IL now owns 41,232 shares of the oil and gas company’s stock valued at $4,427,000 after acquiring an additional 919 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Chevron Corporation by 7.7% during the first quarter. Janney Montgomery Scott LLC now owns 504,112 shares of the oil and gas company’s stock valued at $54,127,000 after acquiring an additional 36,257 shares during the period. Hedge funds and other institutional investors own 62.73% of the company’s stock.

In other Chevron Corporation news, Director Linnet F. Deily sold 2,312 shares of the 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Patricia E. Yarrington sold 39,000 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $111.00, for a total value of $4,329,000.00. Following the completion of the transaction, the chief financial officer now owns 43,838 shares of the company’s stock, valued at $4,866,018. The disclosure for this sale can be found here. Insiders sold 72,312 shares of company stock valued at $8,008,343 over the last quarter. Corporate insiders own 0.38% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Mn Services Vermogensbeheer B.V. Acquires 260,030 Shares of Chevron Corporation (CVX)” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://ledgergazette.com/2017/10/10/mn-services-vermogensbeheer-b-v-acquires-260030-shares-of-chevron-corporation-cvx.html.

A number of research analysts have issued reports on the company. Barclays PLC lifted their price objective on Chevron Corporation from $120.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday. Jefferies Group LLC reissued a “buy” rating and set a $130.00 price objective on shares of Chevron Corporation in a report on Tuesday, October 3rd. Piper Jaffray Companies reissued a “buy” rating on shares of Chevron Corporation in a report on Thursday, August 3rd. Wells Fargo & Company reissued a “market perform” rating and set a $108.00 price objective (up from $100.00) on shares of Chevron Corporation in a report on Tuesday, October 3rd. Finally, Zacks Investment Research raised Chevron Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $117.07.

Shares of Chevron Corporation (NYSE CVX) traded up 1.25% during mid-day trading on Tuesday, reaching $119.18. The company’s stock had a trading volume of 2,772,026 shares. The company has a 50-day moving average of $113.20 and a 200-day moving average of $107.98. The firm has a market cap of $225.85 billion, a PE ratio of 38.64 and a beta of 1.24. Chevron Corporation has a 12 month low of $99.61 and a 12 month high of $119.82.

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

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

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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