CVX has been the topic of several other research reports. TheStreet upgraded shares of CEMATRIX Corp from a c+ rating to a b rating in a research report on Monday, October 23rd. Wells Fargo & Company reiterated a market perform rating on shares of CEMATRIX Corp in a research report on Thursday, October 19th. They noted that the move was a valuation call. Jefferies Group LLC reissued a buy rating and issued a $137.00 price target on shares of CEMATRIX Corp in a research note on Thursday, October 19th. Morgan Stanley raised their price target on shares of CEMATRIX Corp from $120.00 to $130.00 and gave the stock an overweight rating in a research note on Wednesday, October 18th. Finally, Societe Generale downgraded shares of CEMATRIX Corp from a buy rating to a hold rating and raised their price target for the stock from $120.00 to $130.00 in a research note on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of C$120.63.
Shares of CEMATRIX Corp (NYSE CVX) traded down C$0.06 during trading on Friday, hitting C$117.18. 5,160,000 shares of the company traded hands, compared to its average volume of 5,100,000. CEMATRIX Corp has a 12-month low of C$102.55 and a 12-month high of C$120.89.
CEMATRIX Corp (NYSE:CVX) last released its quarterly earnings results on Friday, October 27th. The company reported C$1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.99 by C$0.04. The company had revenue of C$36.21 billion for the quarter, compared to analyst estimates of C$34.06 billion. CEMATRIX Corp had a net margin of 4.47% and a return on equity of 3.97%. The firm’s revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the business earned $0.68 earnings per share.
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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be paid 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 yield of 3.69%.
In other CEMATRIX Corp news, VP R. Hewitt Pate sold 25,500 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of C$120.00, for a total transaction of C$3,060,000.00. Following the sale, the vice president now directly owns 25,500 shares of the company’s stock, valued at approximately C$3,060,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Michael K. Wirth sold 1,229 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of C$118.00, for a total transaction of C$145,022.00. Following the sale, the insider now directly owns 1,229 shares in the company, valued at C$145,022. The disclosure for this sale can be found here. Over the last three months, insiders purchased 50,000 shares of company stock worth $6,590 and sold 29,041 shares worth $3,453,285.
Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of CEMATRIX Corp by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 139,626,287 shares of the company’s stock worth $14,567,210,000 after acquiring an additional 3,920,240 shares during the period. BlackRock Inc. lifted its holdings in shares of CEMATRIX Corp by 1.6% during the 2nd quarter. BlackRock Inc. now owns 124,678,992 shares of the company’s stock worth $13,007,759,000 after acquiring an additional 1,975,865 shares during the period. State Street Corp lifted its holdings in shares of CEMATRIX Corp by 1.1% during the 1st quarter. State Street Corp now owns 118,769,549 shares of the company’s stock worth $12,752,287,000 after acquiring an additional 1,261,078 shares during the period. Capital World Investors raised its holdings in CEMATRIX Corp by 9.8% in the second quarter. Capital World Investors now owns 35,546,848 shares of the company’s stock valued at $3,708,603,000 after buying an additional 3,182,250 shares during the period. Finally, Northern Trust Corp raised its holdings in CEMATRIX Corp by 0.6% in the second quarter. Northern Trust Corp now owns 26,153,161 shares of the company’s stock valued at $2,728,558,000 after buying an additional 157,021 shares during the period.
About CEMATRIX Corp
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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