First Quadrant L P CA Has $25,724,000 Stake in Chevron Corp. (CVX)
First Quadrant L P CA raised its position in Chevron Corp. (NYSE:CVX) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 245,387 shares of the company’s stock after buying an additional 2,042 shares during the period. First Quadrant L P CA’s holdings in Chevron Corp. were worth $25,724,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp raised its position in shares of Chevron Corp. by 1.2% in the first quarter. State Street Corp now owns 110,199,640 shares of the company’s stock worth $10,513,045,000 after buying an additional 1,318,854 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Chevron Corp. by 2.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 49,644,363 shares of the company’s stock worth $4,736,072,000 after buying an additional 987,259 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Chevron Corp. by 1.0% in the first quarter. BlackRock Fund Advisors now owns 30,669,148 shares of the company’s stock worth $2,925,837,000 after buying an additional 306,414 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Chevron Corp. by 2.2% in the first quarter. Geode Capital Management LLC now owns 15,718,173 shares of the company’s stock worth $1,496,560,000 after buying an additional 334,885 shares during the last quarter. Finally, BlackRock Group LTD raised its position in shares of Chevron Corp. by 1.9% in the first quarter. BlackRock Group LTD now owns 15,615,464 shares of the company’s stock worth $1,489,715,000 after buying an additional 296,294 shares during the last quarter. Hedge funds and other institutional investors own 62.24% of the company’s stock.
Shares of Chevron Corp. (NYSE:CVX) traded up 0.09% during trading on Friday, reaching $102.27. 5,844,492 shares of the company were exchanged. The stock has a 50-day moving average price of $100.97 and a 200-day moving average price of $101.05. Chevron Corp. has a one year low of $75.33 and a one year high of $107.58. The stock’s market capitalization is $192.93 billion.
Chevron Corp. (NYSE:CVX) last issued its quarterly earnings data on Friday, July 29th. The company reported ($0.78) EPS for the quarter, missing the consensus estimate of $0.32 by $1.10. The firm had revenue of $29.28 billion for the quarter, compared to analysts’ expectations of $25.78 billion. Chevron Corp. had a negative net margin of 0.64% and a positive return on equity of 1.07%. Chevron Corp.’s revenue was down 27.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 EPS. Analysts forecast that Chevron Corp. will post $1.31 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 19th were paid a $1.07 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $4.28 dividend on an annualized basis and a yield of 4.19%. Chevron Corp.’s dividend payout ratio is presently -1,097.44%.
CVX has been the topic of a number of analyst reports. 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. Zacks Investment Research upgraded shares of Chevron Corp. from a “hold” rating to a “strong-buy” rating and set a $118.00 price target on the stock in a research report on Monday, October 3rd. Jefferies Group reiterated a “buy” rating on shares of Chevron Corp. in a research report on Friday, August 5th. Barclays PLC reiterated an “equal weight” rating and set a $125.00 price target on shares of Chevron Corp. in a research report on Thursday, July 28th. 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 equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Chevron Corp. has an average rating of “Buy” and a consensus price target of $105.53.
In related news, Director Inge G. Thulin purchased 487 shares of the business’s stock in a transaction on Monday, August 15th. The stock was acquired at an average price of $102.87 per share, with a total value of $50,097.69. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeanette L. Ourada sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $101.70, for a total transaction of $711,900.00. Following the completion of the transaction, the insider now directly owns 7,535 shares of the company’s stock, valued at approximately $766,309.50. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.
Chevron Corp. 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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