Villere ST Denis J & Co. LLC decreased its holdings in Chevron Corporation (NYSE:CVX – Free Report) by 0.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 207,796 shares of the oil and gas company’s stock after selling 1,263 shares during the period. Chevron makes up approximately 2.9% of Villere ST Denis J & Co. LLC’s investment portfolio, making the stock its 13th largest position. Villere ST Denis J & Co. LLC’s holdings in Chevron were worth $29,754,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of CVX. Harvest Fund Management Co. Ltd increased its holdings in shares of Chevron by 420.7% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 151 shares of the oil and gas company’s stock worth $25,000 after buying an additional 122 shares during the last quarter. Elequin Capital LP acquired a new stake in shares of Chevron during the 1st quarter worth approximately $31,000. Cloud Capital Management LLC acquired a new stake in shares of Chevron during the 1st quarter worth approximately $39,000. Investment Management Corp VA ADV increased its holdings in shares of Chevron by 171.3% during the 1st quarter. Investment Management Corp VA ADV now owns 236 shares of the oil and gas company’s stock worth $39,000 after buying an additional 149 shares during the last quarter. Finally, GFG Capital LLC acquired a new stake in shares of Chevron during the 2nd quarter worth approximately $42,000. Institutional investors and hedge funds own 72.42% of the company’s stock.
Insider Activity at Chevron
In other Chevron news, VP Alana K. Knowles sold 3,978 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $160.00, for a total value of $636,480.00. Following the completion of the transaction, the vice president owned 1,181 shares of the company’s stock, valued at $188,960. This trade represents a 77.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director John B. Hess sold 375,000 shares of Chevron stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $158.30, for a total transaction of $59,362,500.00. Following the sale, the director directly owned 1,403,045 shares of the company’s stock, valued at approximately $222,102,023.50. This trade represents a 21.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Research Report on Chevron
Chevron Stock Performance
Shares of CVX stock opened at $149.11 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.00 and a debt-to-equity ratio of 0.16. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $168.96. The stock has a market capitalization of $257.66 billion, a PE ratio of 19.19, a P/E/G ratio of 1.95 and a beta of 0.84. The firm has a 50 day moving average of $156.10 and a two-hundred day moving average of $148.67.
Chevron (NYSE:CVX – Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.77 EPS for the quarter, beating the consensus estimate of $1.58 by $0.19. Chevron had a net margin of 7.02% and a return on equity of 9.90%. The company had revenue of $44.82 billion during the quarter, compared to analysts’ expectations of $44.59 billion. During the same quarter last year, the company posted $2.55 EPS. The firm’s revenue was down 12.4% compared to the same quarter last year. On average, research analysts predict that Chevron Corporation will post 10.79 EPS for the current fiscal year.
Chevron Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 19th were given a $1.71 dividend. This represents a $6.84 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Tuesday, August 19th. Chevron’s dividend payout ratio (DPR) is currently 88.03%.
Chevron Company Profile
Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.
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