Chevron Corporation (CVX) Shares Bought by WASHINGTON TRUST Co
WASHINGTON TRUST Co boosted its position in shares of Chevron Corporation (NYSE:CVX) by 4.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 117,220 shares of the oil and gas company’s stock after buying an additional 4,477 shares during the period. WASHINGTON TRUST Co’s holdings in Chevron Corporation were worth $12,586,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in Chevron Corporation during the fourth quarter worth about $2,183,692,000. Teachers Advisors LLC raised its position in Chevron Corporation by 14.9% in the fourth quarter. Teachers Advisors LLC now owns 4,416,166 shares of the oil and gas company’s stock worth $519,783,000 after buying an additional 573,660 shares during the last quarter. Dodge & Cox purchased a new position in Chevron Corporation during the fourth quarter worth about $57,760,000. Kentucky Retirement Systems purchased a new position in Chevron Corporation during the fourth quarter worth about $16,123,000. Finally, Arvest Bank Trust Division raised its position in Chevron Corporation by 687.5% in the first quarter. Arvest Bank Trust Division now owns 150,970 shares of the oil and gas company’s stock worth $16,210,000 after buying an additional 131,798 shares during the last quarter. Institutional investors and hedge funds own 62.75% of the company’s stock.
Chevron Corporation (NYSE:CVX) traded up 0.74% during trading on Friday, hitting $108.23. 4,384,176 shares of the stock were exchanged. The stock has a market capitalization of $205.10 billion, a price-to-earnings ratio of 35.09 and a beta of 1.23. Chevron Corporation has a 52 week low of $97.53 and a 52 week high of $119.00. The firm has a 50-day moving average of $106.68 and a 200-day moving average of $107.28.
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 Zacks’ consensus estimate of $0.89 by $0.02. The business had revenue of $34.48 billion during the quarter, compared to analyst estimates of $32.77 billion. Chevron Corporation had a return on equity of 4.13% and a net margin of 4.50%. The company’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.78) EPS. Equities research analysts anticipate that Chevron Corporation will post $3.83 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 18th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date is Wednesday, August 16th. Chevron Corporation’s payout ratio is presently 140.26%.
CVX has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Chevron Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. BidaskClub lowered shares of Chevron Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. HSBC Holdings plc upgraded shares of Chevron Corporation from a “hold” rating to a “buy” rating and lowered their target price for the company from $124.00 to $119.00 in a research note on Monday, June 5th. They noted that the move was a valuation call. TheStreet upgraded shares of Chevron Corporation from a “c” rating to a “b” rating in a research note on Tuesday, May 2nd. Finally, BMO Capital Markets set a $120.00 target price on shares of Chevron Corporation and gave the company a “buy” rating in a research note on Sunday, July 30th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $117.22.
In other news, insider James William Johnson sold 31,000 shares of Chevron Corporation stock in a transaction dated 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 sale, the insider now owns 11,000 shares in the company, valued at approximately $1,217,480. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Patricia E. Yarrington sold 39,000 shares of Chevron Corporation stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $111.00, for a total value of $4,329,000.00. Following the sale, the chief financial officer now owns 43,838 shares of the company’s stock, valued at approximately $4,866,018. The disclosure for this sale can be found here. Insiders have sold a total of 72,312 shares of company stock valued at $8,008,343 in the last ninety days. Insiders own 0.38% of the company’s stock.
Chevron Corporation 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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