Rockefeller Financial Services Inc. Acquires 19,472 Shares of Chevron Corp. (CVX)
Rockefeller Financial Services Inc. raised its position in shares of Chevron Corp. (NYSE:CVX) by 1.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,037,539 shares of the company’s stock after buying an additional 19,472 shares during the period. Chevron Corp. comprises about 2.2% of Rockefeller Financial Services Inc.’s holdings, making the stock its 15th largest position. Rockefeller Financial Services Inc. owned about 0.06% of Chevron Corp. worth $108,765,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in CVX. CHURCHILL MANAGEMENT Corp purchased a new position in shares of Chevron Corp. during the second quarter valued at about $2,118,000. Chevy Chase Trust Holdings Inc. raised its stake in shares of Chevron Corp. by 0.7% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 1,644,631 shares of the company’s stock valued at $172,407,000 after buying an additional 11,249 shares during the last quarter. Howard Capital Management raised its stake in shares of Chevron Corp. by 1.2% in the second quarter. Howard Capital Management now owns 136,346 shares of the company’s stock valued at $14,293,000 after buying an additional 1,676 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Chevron Corp. by 1.8% in the first quarter. Arizona State Retirement System now owns 730,403 shares of the company’s stock valued at $69,680,000 after buying an additional 13,100 shares during the last quarter. Finally, First Quadrant L P CA raised its stake in shares of Chevron Corp. by 0.8% in the second quarter. First Quadrant L P CA now owns 245,387 shares of the company’s stock valued at $25,724,000 after buying an additional 2,042 shares during the last quarter. 62.24% of the stock is currently owned by institutional investors and hedge funds.
Chevron Corp. (NYSE:CVX) traded up 1.67% during trading on Monday, hitting $103.98. The stock had a trading volume of 5,982,741 shares. The company’s 50-day moving average is $101.02 and its 200 day moving average is $101.21. Chevron Corp. has a 52 week low of $75.33 and a 52 week high of $107.58. The firm’s market cap is $196.16 billion.
Chevron Corp. (NYSE:CVX) last announced its quarterly earnings data 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 positive return on equity of 1.07% and a negative net margin of 0.64%. The business had revenue of $29.28 billion for the quarter, compared to analyst estimates of $25.78 billion. During the same quarter in the previous year, the business posted $0.30 earnings per share. The company’s revenue was down 27.4% compared to the same quarter last year. Equities analysts expect that Chevron Corp. will post $1.31 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Friday, August 19th were paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date of this dividend was Wednesday, August 17th. Chevron Corp.’s dividend payout ratio (DPR) is presently -1,097.44%.
Several brokerages have commented on CVX. Exane BNP Paribas began coverage on shares of Chevron Corp. in a research report on Monday. They set a “neutral” rating and a $102.00 target price on the stock. Barclays PLC restated an “equal weight” rating and set a $125.00 target price on shares of Chevron Corp. in a research report on Monday. Vetr upgraded shares of Chevron Corp. from a “hold” rating to a “buy” rating and set a $107.24 target price on the stock in a research report on Tuesday, August 9th. Jefferies Group restated a “buy” rating on shares of Chevron Corp. in a research report on Thursday, September 8th. Finally, Zacks Investment Research lowered shares of Chevron Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Thirteen 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’s stock. The company has an average rating of “Buy” and a consensus price target of $105.39.
In other news, insider Michael K. Wirth sold 125,000 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $100.47, for a total transaction of $12,558,750.00. Following the completion of the sale, the insider now directly owns 4,222 shares of the company’s stock, valued at approximately $424,184.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Pierre R. Breber sold 21,000 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $98.77, for a total value of $2,074,170.00. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.
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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