Court Place Advisors LLC Buys 750 Shares of Chevron Corporation (CVX)
Court Place Advisors LLC increased its position in shares of Chevron Corporation (NYSE:CVX) by 12.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,718 shares of the oil and gas company’s stock after buying an additional 750 shares during the period. Court Place Advisors LLC’s holdings in Chevron Corporation were worth $701,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kentucky Retirement Systems bought a new position in Chevron Corporation during the fourth quarter worth $16,123,000. Rothschild Investment Corp IL raised its position in Chevron Corporation by 2.3% in the first quarter. Rothschild Investment Corp IL now owns 41,232 shares of the oil and gas company’s stock worth $4,427,000 after buying an additional 919 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Chevron Corporation by 7.7% in the first quarter. Janney Montgomery Scott LLC now owns 504,112 shares of the oil and gas company’s stock worth $54,127,000 after buying an additional 36,257 shares in the last quarter. Ronna Sue Cohen raised its position in Chevron Corporation by 1.5% in the second quarter. Ronna Sue Cohen now owns 4,707 shares of the oil and gas company’s stock worth $491,000 after buying an additional 68 shares in the last quarter. Finally, First PREMIER Bank raised its position in Chevron Corporation by 4.7% in the first quarter. First PREMIER Bank now owns 4,241 shares of the oil and gas company’s stock worth $456,000 after buying an additional 190 shares in the last quarter. Institutional investors own 62.84% of the company’s stock.
Shares of Chevron Corporation (NYSE CVX) traded up 0.172% during trading on Thursday, hitting $107.915. The stock had a trading volume of 2,089,174 shares. Chevron Corporation has a 1-year low of $97.53 and a 1-year high of $119.00. The firm has a market capitalization of $204.50 billion, a P/E ratio of 34.992 and a beta of 1.23. The stock’s 50-day moving average price is $106.68 and its 200 day moving average price is $107.28.
Chevron Corporation (NYSE:CVX) last announced its earnings results on Friday, July 28th. The oil and gas company reported $0.91 EPS for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.02. Chevron Corporation had a return on equity of 4.13% and a net margin of 4.50%. The company had revenue of $34.48 billion for the quarter, compared to analysts’ expectations of $32.77 billion. During the same period last year, the firm earned ($0.78) EPS. Chevron Corporation’s revenue for the quarter was up 17.8% compared to the same quarter last year. On average, analysts anticipate that Chevron Corporation will post $3.83 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 18th will be issued a $1.08 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 4.01%. Chevron Corporation’s dividend payout ratio is currently 140.26%.
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CVX has been the topic of a number of recent analyst reports. BidaskClub lowered Chevron Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. Piper Jaffray Companies set a $119.00 price target on Chevron Corporation and gave the stock a “buy” rating in a report on Friday, August 25th. Wells Fargo & Company lowered Chevron Corporation to an “outperform” rating and dropped their price target for the stock from $124.00 to $102.00 in a report on Monday, July 17th. Vetr upgraded Chevron Corporation from a “buy” rating to a “strong-buy” rating and set a $120.37 price target on the stock in a report on Thursday, June 15th. Finally, Exane BNP Paribas lowered Chevron Corporation from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $105.00 to $100.00 in a report on Friday, May 26th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $116.97.
In other Chevron Corporation news, Director Linnet F. Deily sold 2,312 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $107.38, for a total transaction of $248,262.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Patricia E. Yarrington sold 39,000 shares of the firm’s 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 directly owns 43,838 shares in the company, valued at $4,866,018. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,312 shares of company stock worth $8,008,343. 0.38% of the stock is owned by insiders.
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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