Regentatlantic Capital LLC Has $11,955,000 Stake in Chevron Corp. (CVX)
Regentatlantic Capital LLC lowered its position in Chevron Corp. (NYSE:CVX) by 2.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 114,040 shares of the company’s stock after selling 2,639 shares during the period. Chevron Corp. makes up about 1.2% of Regentatlantic Capital LLC’s investment portfolio, making the stock its 15th largest position. Regentatlantic Capital LLC’s holdings in Chevron Corp. were worth $11,955,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. RPg Family Wealth Advisory LLC raised its position in shares of Chevron Corp. by 14.5% in the first quarter. RPg Family Wealth Advisory LLC now owns 1,058 shares of the company’s stock worth $101,000 after buying an additional 134 shares during the last quarter. Marshall & Sullivan Inc. WA raised its position in shares of Chevron Corp. by 4.0% in the first quarter. Marshall & Sullivan Inc. WA now owns 1,825 shares of the company’s stock worth $174,000 after buying an additional 71 shares during the last quarter. Sterling Investment Advisors LLC ADV acquired a new position in shares of Chevron Corp. during the second quarter worth about $203,000. Stillwater Capital Advisors LLC acquired a new position in shares of Chevron Corp. during the second quarter worth about $204,000. Finally, Keel Point LLC acquired a new position in shares of Chevron Corp. during the second quarter worth about $206,000. Hedge funds and other institutional investors own 62.24% of the company’s stock.
Shares of Chevron Corp. (NYSE:CVX) traded up 1.63% on Friday, hitting $102.92. 9,431,524 shares of the stock were exchanged. The company’s market cap is $194.16 billion. The company has a 50-day moving average price of $101.06 and a 200 day moving average price of $100.84. Chevron Corp. has a 12 month low of $75.33 and a 12 month high of $107.58.
Chevron Corp. (NYSE:CVX) last posted its quarterly earnings results on Friday, July 29th. The company reported ($0.78) EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by $1.10. Chevron Corp. had a negative net margin of 0.64% and a positive return on equity of 1.07%. The firm had revenue of $29.28 billion for the quarter, compared to the consensus estimate of $25.78 billion. During the same quarter in the prior year, the company earned $0.30 earnings per share. The company’s quarterly revenue was down 27.4% compared to the same quarter last year. Equities analysts forecast that Chevron Corp. will post $1.29 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, August 19th were issued a dividend of $1.07 per share. The ex-dividend date was Wednesday, August 17th. This represents a $4.28 dividend on an annualized basis and a yield of 4.16%. Chevron Corp.’s dividend payout ratio is currently -1,097.44%.
A number of research analysts have issued reports on the stock. Vetr lowered shares of Chevron Corp. from a “buy” rating to a “hold” rating and set a $106.39 target price on the stock. in a research report on Monday, June 27th. Credit Suisse Group AG reiterated a “neutral” rating and set a $105.00 price target on shares of Chevron Corp. in a research report on Saturday, August 13th. Morgan Stanley reiterated a “hold” rating and set a $85.00 price target on shares of Chevron Corp. in a research report on Wednesday, June 8th. Jefferies Group reiterated a “buy” rating on shares of Chevron Corp. in a research report on Friday, August 5th. Finally, Simmons upgraded shares of Chevron Corp. from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $110.00 to $117.00 in a research report on Tuesday, August 9th. Twelve investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $105.53.
In related news, insider Pierre R. Breber sold 21,000 shares of the company’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $98.77, for a total transaction of $2,074,170.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Inge G. Thulin purchased 487 shares of the stock in a transaction that occurred on Monday, August 15th. The shares were purchased at an average price of $102.87 per share, with a total value of $50,097.69. The disclosure for this purchase can be found here. Corporate insiders own 0.40% of the company’s stock.
About Chevron Corp.
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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