LaFleur & Godfrey LLC increased its stake in shares of Chevron Corporation (NYSE:CVX) by 12.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,604 shares of the company’s stock after purchasing an additional 1,840 shares during the period. LaFleur & Godfrey LLC’s holdings in Chevron Corporation were worth $1,732,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. purchased a new stake in Chevron Corporation during the 2nd quarter valued at about $106,000. Thompson Davis & CO. Inc. grew its stake in Chevron Corporation by 20.0% during the 1st quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the company’s stock valued at $123,000 after acquiring an additional 191 shares in the last quarter. Winfield Associates Inc. grew its stake in Chevron Corporation by 5.1% during the 2nd quarter. Winfield Associates Inc. now owns 1,301 shares of the company’s stock valued at $136,000 after acquiring an additional 63 shares in the last quarter. Daiwa SB Investments Ltd. grew its stake in Chevron Corporation by 438.5% during the 2nd quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the company’s stock valued at $146,000 after acquiring an additional 1,140 shares in the last quarter. Finally, New Capital Management LP grew its stake in Chevron Corporation by 0.3% during the 1st quarter. New Capital Management LP now owns 1,455 shares of the company’s stock valued at $156,000 after acquiring an additional 4 shares in the last quarter. Hedge funds and other institutional investors own 63.03% of the company’s stock.
Several brokerages recently issued reports on CVX. BMO Capital Markets cut shares of Chevron Corporation from an “outperform” rating to a “market perform” rating and set a $120.00 price objective for the company. in a research note on Wednesday, October 18th. They noted that the move was a valuation call. Societe Generale cut shares of Chevron Corporation from a “buy” rating to a “hold” rating and upped their price objective for the company from $120.00 to $130.00 in a research note on Wednesday, October 18th. Morgan Stanley increased their price target on shares of Chevron Corporation from $120.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, October 18th. Vetr cut shares of Chevron Corporation from a “buy” rating to a “hold” rating and set a $124.92 price target for the company. in a research note on Monday, October 16th. Finally, Macquarie raised shares of Chevron Corporation from a “neutral” rating to an “outperform” rating and set a $135.00 price target for the company in a research note on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of C$120.63.
Shares of Chevron Corporation (NYSE CVX) opened at C$117.18 on Monday. The stock has a market cap of $222,568.64, a P/E ratio of 32.82, a price-to-earnings-growth ratio of 3.91 and a beta of 1.22. Chevron Corporation has a fifty-two week low of C$102.55 and a fifty-two week high of C$120.89. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.23.
Chevron Corporation (NYSE:CVX) last released its earnings results on Friday, October 27th. The company reported C$1.03 earnings per share (EPS) for the quarter, topping the Zacks’ 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. Chevron Corporation had a net margin of 4.79% and a return on equity of 4.59%. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.68 EPS. equities analysts predict that Chevron Corporation will post 4.28 earnings per share for the current year.
The company also recently disclosed 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 3.69%. Chevron Corporation’s payout ratio is 125.95%.
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In other news, VP R. Hewitt Pate sold 25,500 shares of the firm’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of C$120.00, for a total value of C$3,060,000.00. Following the sale, the vice president now directly owns 25,500 shares in the company, valued at approximately C$3,060,000. The sale was disclosed in a document filed 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 on Tuesday, November 7th. The shares were sold at an average price of C$118.00, for a total transaction of C$145,022.00. Following the completion of the sale, the insider now owns 1,229 shares in the company, valued at C$145,022. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 50,000 shares of company stock worth $6,590 and sold 29,041 shares worth $3,453,285. 0.38% of the stock is currently owned by company insiders.
Chevron Corporation Company 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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