Chevron Corporation (CVX) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its stake in shares of Chevron Corporation (NYSE:CVX) by 1.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,651,370 shares of the oil and gas company’s stock after buying an additional 35,921 shares during the period. Fisher Asset Management LLC owned about 0.19% of Chevron Corporation worth $392,048,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in CVX. Harwood Advisory Group LLC raised its stake in shares of Chevron Corporation by 22.0% in the first quarter. Harwood Advisory Group LLC now owns 2,137 shares of the oil and gas company’s stock worth $229,000 after buying an additional 386 shares during the last quarter. Westbourne Investment Advisors Inc. raised its stake in shares of 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 last quarter. UMB Bank N A MO raised its stake in shares of Chevron Corporation by 1.2% in the first quarter. UMB Bank N A MO now owns 281,013 shares of the oil and gas company’s stock worth $30,173,000 after buying an additional 3,267 shares during the last quarter. OLD Dominion Capital Management Inc. raised its stake in shares of Chevron Corporation by 21.7% in the first quarter. OLD Dominion Capital Management Inc. now owns 11,446 shares of the oil and gas company’s stock worth $1,229,000 after buying an additional 2,040 shares during the last quarter. Finally, First Manhattan Co. raised its stake in shares of Chevron Corporation by 2.2% in the first quarter. First Manhattan Co. now owns 77,420 shares of the oil and gas company’s stock worth $7,968,000 after buying an additional 1,653 shares during the last quarter. 62.58% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Chevron Corporation (NYSE:CVX) traded up 0.52% during mid-day trading on Tuesday, reaching $110.35. 4,107,273 shares of the company were exchanged. The firm has a market capitalization of $209.06 billion, a PE ratio of 35.78 and a beta of 1.23. Chevron Corporation has a 12 month low of $97.53 and a 12 month high of $119.00. 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 released its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.02. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. The business had revenue of $34.48 billion for the quarter, compared to analyst estimates of $32.77 billion. During the same quarter in the previous year, the business earned ($0.78) earnings per share. The firm’s revenue was up 17.8% compared to the same quarter last year. Equities analysts anticipate that Chevron Corporation will post $3.83 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 18th will be issued a dividend of $1.08 per share. The ex-dividend date is Wednesday, August 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.91%. Chevron Corporation’s dividend payout ratio is currently 140.26%.

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Several equities analysts have commented on the stock. Piper Jaffray Companies restated a “buy” rating on shares of Chevron Corporation in a research note on Thursday, August 3rd. TheStreet downgraded shares of Chevron Corporation from a “b” rating to a “c+” rating in a research note on Friday, July 28th. BidaskClub upgraded shares of Chevron Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded shares of Chevron Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, BNP Paribas upgraded shares of Chevron Corporation from an “underperform” rating to a “neutral” rating and set a $105.00 target price for the company in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $116.22.

In other news, CFO Patricia E. Yarrington sold 39,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $111.00, for a total transaction of $4,329,000.00. Following the sale, the chief financial officer now owns 43,838 shares in the company, valued at $4,866,018. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James William Johnson sold 31,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $110.68, for a total transaction 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 disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.

About Chevron Corporation

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.

Institutional Ownership by Quarter for Chevron Corporation (NYSE:CVX)

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