Numeric Investors LLC raised its stake in shares of Chevron Corporation (NYSE:CVX) by 158.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,200 shares of the oil and gas company’s stock after buying an additional 32,000 shares during the period. Numeric Investors LLC’s holdings in Chevron were worth $5,446,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of CVX. Harbour Capital Advisors LLC boosted its stake in shares of Chevron by 10,213.3% during the 2nd quarter. Harbour Capital Advisors LLC now owns 5,709,042 shares of the oil and gas company’s stock valued at $54,721,000 after buying an additional 5,653,686 shares during the period. Vanguard Group Inc. boosted its stake in shares of Chevron by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 139,626,287 shares of the oil and gas company’s stock valued at $14,567,210,000 after buying an additional 3,920,240 shares during the period. BlackRock Inc. boosted its stake in shares of Chevron by 1.6% during the 2nd quarter. BlackRock Inc. now owns 124,678,992 shares of the oil and gas company’s stock valued at $13,007,759,000 after buying an additional 1,975,865 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Chevron by 40.4% during the 2nd quarter. Principal Financial Group Inc. now owns 5,412,567 shares of the oil and gas company’s stock valued at $564,693,000 after purchasing an additional 1,556,270 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in shares of Chevron by 37.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 5,386,789 shares of the oil and gas company’s stock valued at $561,999,000 after purchasing an additional 1,464,546 shares in the last quarter. 63.93% of the stock is owned by institutional investors.
In related news, CFO Patricia E. Yarrington sold 116,857 shares of Chevron stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $115.29, for a total value of $13,472,443.53. Following the transaction, the chief financial officer now owns 39,506 shares in the company, valued at approximately $4,554,646.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Patricia E. Yarrington sold 13,143 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $115.01, for a total transaction of $1,511,576.43. Following the transaction, the chief financial officer now owns 17,981 shares in the company, valued at approximately $2,067,994.81. The disclosure for this sale can be found here. Insiders sold a total of 314,000 shares of company stock worth $36,540,822 in the last quarter. Insiders own 0.38% of the company’s stock.
Chevron Corporation (NYSE CVX) opened at $119.92 on Friday. The company has a market cap of $227,222.09, a price-to-earnings ratio of 33.51, a P/E/G ratio of 3.96 and a beta of 1.21. Chevron Corporation has a twelve month low of $102.55 and a twelve month high of $122.30. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.23.
Chevron (NYSE:CVX) last announced its earnings results on Friday, October 27th. The oil and gas company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.99 by $0.04. The firm had revenue of $36.21 billion for the quarter, compared to the consensus estimate of $34.06 billion. Chevron had a net margin of 4.79% and a return on equity of 4.59%. The business’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 EPS. analysts expect that Chevron Corporation will post 4.32 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be issued a $1.08 dividend. The ex-dividend date is Thursday, November 16th. This represents a $4.32 annualized dividend and a yield of 3.60%. Chevron’s dividend payout ratio (DPR) is presently 125.95%.
A number of research firms have recently weighed in on CVX. J P Morgan Chase & Co restated an “overweight” rating on shares of Chevron in a report on Saturday, September 16th. Cowen restated a “buy” rating and set a $122.00 price target on shares of Chevron in a report on Tuesday, September 19th. TheStreet upgraded shares of Chevron from a “c+” rating to a “b” rating in a report on Monday, October 23rd. BMO Capital Markets downgraded shares of Chevron from an “outperform” rating to a “market perform” rating and set a $120.00 price target on the stock. in a report on Wednesday, October 18th. They noted that the move was a valuation call. Finally, Wells Fargo & Company restated a “market perform” rating on shares of Chevron in a report on Thursday, October 19th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the stock. Chevron has a consensus rating of “Hold” and a consensus price target of $121.22.
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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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