Harwood Advisory Group LLC increased its position in shares of Chevron Corporation (NYSE:CVX) by 22.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,137 shares of the oil and gas company’s stock after buying an additional 386 shares during the period. Harwood Advisory Group LLC’s holdings in Chevron Corporation were worth $229,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Board of Trustees of The Leland Stanford Junior University raised its stake in Chevron Corporation by 0.5% in the fourth quarter. Board of Trustees of The Leland Stanford Junior University now owns 2,009 shares of the oil and gas company’s stock worth $236,000 after buying an additional 9 shares during the period. Orgel Wealth Management LLC raised its stake in Chevron Corporation by 0.8% in the first quarter. Orgel Wealth Management LLC now owns 2,346 shares of the oil and gas company’s stock worth $252,000 after buying an additional 18 shares during the period. Westbourne Investment Advisors Inc. raised its stake in Chevron Corporation by 0.4% in the first quarter. Westbourne Investment Advisors Inc. now owns 7,435 shares of the oil and gas company’s stock worth $798,000 after buying an additional 33 shares during the period. Evanson Asset Management LLC raised its stake in Chevron Corporation by 0.5% in the first quarter. Evanson Asset Management LLC now owns 9,521 shares of the oil and gas company’s stock worth $1,022,000 after buying an additional 44 shares during the period. Finally, Chilton Capital Management LLC raised its stake in Chevron Corporation by 0.6% in the fourth quarter. Chilton Capital Management LLC now owns 8,469 shares of the oil and gas company’s stock worth $997,000 after buying an additional 50 shares during the period. 62.58% of the stock is currently owned by institutional investors and hedge funds.
Shares of Chevron Corporation (CVX) opened at 110.35 on Wednesday. Chevron Corporation has a 12-month low of $97.53 and a 12-month high of $119.00. The company has a market cap of $209.06 billion, a price-to-earnings ratio of 35.78 and a beta of 1.23. The company’s 50-day moving average price is $105.46 and its 200 day moving average price is $107.95.
Chevron Corporation (NYSE:CVX) last issued its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.02. The company had revenue of $34.48 billion for the quarter, compared to the consensus estimate of $32.77 billion. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. The firm’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.78) earnings per share. Equities analysts predict that Chevron Corporation will post $3.83 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 18th will be given a dividend of $1.08 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 3.91%. Chevron Corporation’s dividend payout ratio (DPR) is 140.26%.
A number of analysts have commented on CVX shares. Jefferies Group LLC reiterated a “buy” rating and issued a $147.00 price objective on shares of Chevron Corporation in a research report on Tuesday, April 11th. Vetr upgraded Chevron Corporation from a “buy” rating to a “strong-buy” rating and set a $120.46 price objective for the company in a research report on Friday, April 14th. Simmons reduced their price objective on Chevron Corporation from $129.00 to $124.00 and set an “overweight” rating for the company in a research report on Wednesday, April 19th. Scotiabank set a $114.00 price objective on Chevron Corporation and gave the stock a “buy” rating in a research report on Monday, May 1st. Finally, TheStreet upgraded Chevron Corporation from a “c” rating to a “b” rating in a research report on Tuesday, May 2nd. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $116.22.
In other Chevron Corporation news, insider James William Johnson sold 31,000 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $110.68, for a total value of $3,431,080.00. Following the transaction, the insider now directly owns 11,000 shares in the company, valued at $1,217,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Patricia E. Yarrington sold 39,000 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $111.00, for a total transaction of $4,329,000.00. Following the completion of the transaction, the chief financial officer now owns 43,838 shares in the company, valued at $4,866,018. The disclosure for this sale can be found here. 0.38% of the stock is owned by corporate 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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