Intl Fcstone Inc. raised its stake in shares of Chevron Corporation (NYSE:CVX) by 133.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 33,875 shares of the oil and gas company’s stock after purchasing an additional 19,374 shares during the quarter. Chevron accounts for about 1.1% of Intl Fcstone Inc.’s investment portfolio, making the stock its 6th biggest position. Intl Fcstone Inc.’s holdings in Chevron were worth $3,534,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of CVX. Pathstone Family Office LLC increased its stake in Chevron by 2.5% in the second quarter. Pathstone Family Office LLC now owns 813 shares of the oil and gas company’s stock valued at $2,170,000 after acquiring an additional 20 shares during the period. Shine Investment Advisory Services Inc. bought a new stake in Chevron in the second quarter valued at about $106,000. Thompson Davis & CO. Inc. increased its stake in Chevron by 20.0% in the first quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock valued at $123,000 after acquiring an additional 191 shares during the period. Winfield Associates Inc. increased its stake in Chevron by 5.1% in the second quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock valued at $136,000 after acquiring an additional 63 shares during the period. Finally, Daiwa SB Investments Ltd. increased its stake in Chevron by 438.5% in the second quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock valued at $146,000 after acquiring an additional 1,140 shares during the period. Institutional investors own 63.93% of the company’s stock.
In related news, VP R. Hewitt Pate sold 25,500 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $120.00, for a total value of $3,060,000.00. Following the transaction, the vice president now directly owns 25,500 shares in the company, valued at $3,060,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Patricia E. Yarrington sold 13,143 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $115.01, for a total transaction of $1,511,576.43. Following the completion of the transaction, the chief financial officer now owns 17,981 shares in the company, valued at $2,067,994.81. The disclosure for this sale can be found here. Insiders have sold 314,000 shares of company stock worth $36,540,822 over the last quarter. 0.38% of the stock is owned by company insiders.
A number of equities analysts have commented on CVX shares. Jefferies Group restated a “buy” rating and issued a $135.00 price target on shares of Chevron in a research report on Wednesday, August 23rd. Credit Suisse Group set a $123.00 price target on shares of Chevron and gave the company a “buy” rating in a research report on Friday, August 25th. Piper Jaffray Companies set a $119.00 price target on shares of Chevron and gave the company a “buy” rating in a research report on Friday, August 25th. UBS set a $105.00 price target on shares of Chevron and gave the company a “neutral” rating in a research report on Wednesday, September 6th. Finally, Scotiabank restated a “buy” rating on shares of Chevron in a research report on Friday, September 15th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $121.22.
Chevron Corporation (CVX) opened at $119.73 on Friday. Chevron Corporation has a 12-month low of $102.55 and a 12-month high of $122.30. The stock has a market cap of $227,412.06, a P/E ratio of 33.54, a PEG ratio of 3.95 and a beta of 1.21. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.04.
Chevron (NYSE:CVX) last announced its earnings results on Friday, October 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.04. Chevron had a net margin of 4.79% and a return on equity of 4.59%. The company had revenue of $36.21 billion for the quarter, compared to analyst estimates of $34.06 billion. During the same period in the prior year, the business earned $0.68 earnings per share. Chevron’s quarterly revenue was up 20.1% on a year-over-year basis. research analysts anticipate that Chevron Corporation will post 4.33 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Friday, November 17th were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.61%. Chevron’s payout ratio is 125.95%.
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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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