Gradient Investments LLC boosted its position in Chevron Corporation (NYSE:CVX) by 7.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,121 shares of the oil and gas company’s stock after buying an additional 4,104 shares during the period. Gradient Investments LLC’s holdings in Chevron Corporation were worth $6,670,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Highland Capital Management LLC raised its stake in shares of Chevron Corporation by 1.5% in the first quarter. Highland Capital Management LLC now owns 137,989 shares of the oil and gas company’s stock worth $14,816,000 after buying an additional 2,024 shares in the last quarter. Laurel Grove Capital LLC raised its stake in Chevron Corporation by 10.4% in the first quarter. Laurel Grove Capital LLC now owns 16,475 shares of the oil and gas company’s stock valued at $1,769,000 after buying an additional 1,550 shares during the period. Legacy Private Trust Co. increased its position in shares of Chevron Corporation by 790.2% in the first quarter. Legacy Private Trust Co. now owns 18,427 shares of the oil and gas company’s stock valued at $1,979,000 after buying an additional 16,357 shares in the last quarter. Stillwater Investment Management LLC increased its position in shares of Chevron Corporation by 6.2% in the first quarter. Stillwater Investment Management LLC now owns 2,551 shares of the oil and gas company’s stock valued at $274,000 after buying an additional 148 shares in the last quarter. Finally, LVM Capital Management Ltd. MI increased its position in shares of Chevron Corporation by 0.6% in the first quarter. LVM Capital Management Ltd. MI now owns 27,920 shares of the oil and gas company’s stock valued at $2,998,000 after buying an additional 175 shares in the last quarter. Institutional investors and hedge funds own 63.25% of the company’s stock.
Chevron Corporation (NYSE:CVX) traded down 0.82% during trading on Monday, reaching $107.46. 4,577,827 shares of the company’s stock traded hands. The firm has a 50 day moving average of $105.67 and a 200 day moving average of $110.48. The firm has a market capitalization of $203.59 billion, a PE ratio of 69.73 and a beta of 1.25. Chevron Corporation has a 1-year low of $97.53 and a 1-year high of $119.00.
Chevron Corporation (NYSE:CVX) last posted its quarterly earnings data on Friday, April 28th. The oil and gas company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.56. The business had revenue of $33.42 billion during the quarter, compared to the consensus estimate of $34.05 billion. Chevron Corporation had a net margin of 2.34% and a return on equity of 3.58%. The company’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.39) earnings per share. Equities analysts forecast that Chevron Corporation will post $4.35 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 12th. Investors of record on Friday, May 19th were issued a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend was Wednesday, May 17th. Chevron Corporation’s payout ratio is currently 282.35%.
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CVX has been the subject of several research reports. Scotiabank set a $114.00 price objective on shares of Chevron Corporation and gave the company a “buy” rating in a report on Monday, March 27th. Simmons reduced their price objective on shares of Chevron Corporation from $129.00 to $124.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 19th. Jefferies Group LLC reissued a “buy” rating and issued a $147.00 price objective on shares of Chevron Corporation in a research report on Tuesday, April 11th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $114.00 target price on shares of Chevron Corporation in a research report on Thursday, March 23rd. Finally, ValuEngine raised shares of Chevron Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Four investment analysts have rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $119.41.
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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