Columbia Partners L L C Investment Management Has $605,000 Stake in Chevron Corporation (CVX)
Columbia Partners L L C Investment Management decreased its stake in Chevron Corporation (NYSE:CVX) by 8.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 5,639 shares of the oil and gas company’s stock after selling 490 shares during the period. Columbia Partners L L C Investment Management’s holdings in Chevron Corporation were worth $605,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of CVX. New Capital Management LP boosted its stake in shares of Chevron Corporation by 0.3% in the first quarter. New Capital Management LP now owns 1,455 shares of the oil and gas company’s stock valued at $156,000 after buying an additional 4 shares during the last quarter. Haverford Financial Services Inc. boosted its stake in shares of Chevron Corporation by 0.7% in the first quarter. Haverford Financial Services Inc. now owns 2,303 shares of the oil and gas company’s stock valued at $247,000 after buying an additional 16 shares during the last quarter. Orgel Wealth Management LLC boosted its stake in shares of Chevron Corporation by 0.8% in the first quarter. Orgel Wealth Management LLC now owns 2,346 shares of the oil and gas company’s stock valued at $252,000 after buying an additional 18 shares during the last quarter. Westbourne Investment Advisors Inc. boosted its stake in shares of Chevron Corporation by 0.4% in the first quarter. Westbourne Investment Advisors Inc. now owns 7,435 shares of the oil and gas company’s stock valued at $798,000 after buying an additional 33 shares during the last quarter. Finally, Court Place Advisors LLC boosted its stake in shares of Chevron Corporation by 0.6% in the first quarter. Court Place Advisors LLC now owns 5,968 shares of the oil and gas company’s stock valued at $641,000 after buying an additional 36 shares during the last quarter. 62.75% of the stock is currently owned by institutional investors.
Chevron Corporation (NYSE CVX) traded up 0.53% during mid-day trading on Friday, reaching $106.48. The company’s stock had a trading volume of 5,467,369 shares. The company’s 50-day moving average price is $106.43 and its 200 day moving average price is $107.47. Chevron Corporation has a 52 week low of $97.53 and a 52 week high of $119.00. The firm has a market capitalization of $201.78 billion, a price-to-earnings ratio of 34.53 and a beta of 1.23.
Chevron Corporation (NYSE:CVX) last posted its earnings results on Friday, July 28th. The oil and gas company reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.02. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. The firm had revenue of $34.48 billion during the quarter, compared to the consensus estimate of $32.77 billion. During the same quarter last year, the firm earned ($0.78) EPS. The firm’s revenue for the quarter was up 17.8% on a year-over-year basis. On average, equities analysts forecast that Chevron Corporation will post $3.81 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 18th will be paid a $1.08 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $4.32 annualized dividend and a dividend yield of 4.06%. Chevron Corporation’s dividend payout ratio (DPR) is 140.26%.
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A number of research analysts have recently commented on the company. Jefferies Group LLC set a $135.00 target price on Chevron Corporation and gave the company a “buy” rating in a research note on Saturday, June 24th. Barclays PLC reaffirmed an “overweight” rating and set a $125.00 target price (up previously from $116.00) on shares of Chevron Corporation in a research note on Wednesday, July 12th. BidaskClub cut Chevron Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Macquarie cut Chevron Corporation from an “outperform” rating to a “neutral” rating and set a $105.00 target price on the stock. in a research note on Wednesday, June 21st. Finally, Zacks Investment Research cut Chevron Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $116.80.
In other Chevron Corporation news, Director Linnet F. Deily sold 2,312 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $107.38, for a total value of $248,262.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James William Johnson sold 31,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $110.68, for a total transaction of $3,431,080.00. Following the completion of the transaction, the insider now owns 11,000 shares of the company’s stock, valued at approximately $1,217,480. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,312 shares of company stock valued at $8,008,343. Insiders own 0.38% of the company’s stock.
About Chevron Corporation
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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