Chevron Corp. (NYSE:CVX) declared a quarterly dividend on Wednesday, October 26th. Shareholders of record on Friday, November 18th will be given a dividend of 1.08 per share on Monday, December 12th. This represents a $4.32 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Wednesday, November 16th. This is a positive change from Chevron Corp.’s previous quarterly dividend of $1.07.

Chevron Corp. (NYSE:CVX) opened at 107.79 on Friday. Chevron Corp. has a 12-month low of $75.33 and a 12-month high of $108.50. The firm’s 50-day moving average is $102.67 and its 200-day moving average is $102.19. The stock’s market capitalization is $203.48 billion.

Chevron Corp. (NYSE:CVX) last posted its quarterly earnings data on Friday, October 28th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.39 by $0.29. Chevron Corp. had a positive return on equity of 0.59% and a negative net margin of 1.34%. The firm had revenue of $30.14 billion for the quarter, compared to the consensus estimate of $29.71 billion. During the same quarter last year, the company earned $1.09 earnings per share. The business’s revenue for the quarter was down 12.2% compared to the same quarter last year. Analysts predict that Chevron Corp. will post $1.29 EPS for the current fiscal year.

Dividend History for Chevron Corp. (NYSE:CVX)

In related news, Director Inge G. Thulin purchased 487 shares of Chevron Corp. stock in a transaction dated Monday, August 15th. The stock was purchased at an average cost 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 at this link. Also, Director Linnet F. Deily sold 5,637 shares of the business’s stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $105.27, for a total value of $593,406.99. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Windsor Capital Management LLC increased its position in shares of Chevron Corp. by 11.5% in the second quarter. Windsor Capital Management LLC now owns 9,142 shares of the company’s stock valued at $958,000 after buying an additional 944 shares during the period. RPG Investment Advisory LLC increased its position in shares of Chevron Corp. by 75.3% in the second quarter. RPG Investment Advisory LLC now owns 317,858 shares of the company’s stock valued at $33,226,000 after buying an additional 136,516 shares during the period. Aspen Investment Management Inc increased its position in shares of Chevron Corp. by 0.4% in the second quarter. Aspen Investment Management Inc now owns 9,003 shares of the company’s stock valued at $944,000 after buying an additional 40 shares during the period. SSI Investment Management Inc. increased its position in shares of Chevron Corp. by 3.3% in the second quarter. SSI Investment Management Inc. now owns 4,519 shares of the company’s stock valued at $474,000 after buying an additional 146 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of Chevron Corp. by 15.2% in the second quarter. Victory Capital Management Inc. now owns 73,305 shares of the company’s stock valued at $7,685,000 after buying an additional 9,676 shares during the period. 62.20% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently commented on the company. Zacks Investment Research downgraded Chevron Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday. Credit Suisse Group AG reaffirmed a “neutral” rating and issued a $105.00 price objective on shares of Chevron Corp. in a research note on Saturday, August 13th. Jefferies Group reaffirmed a “buy” rating and issued a $120.00 price objective (up previously from $116.00) on shares of Chevron Corp. in a research note on Tuesday, November 1st. Vetr downgraded Chevron Corp. from a “buy” rating to a “hold” rating and set a $107.24 price objective on the stock. in a research note on Thursday, August 18th. Finally, Morgan Stanley raised Chevron Corp. from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $113.00 to $130.00 in a research note on Tuesday, November 1st. Eleven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $108.61.

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.

5 Day Chart for NYSE:CVX

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