Saturna Capital CORP continued to hold its position in Chevron Corporation (NYSE:CVX) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,194 shares of the oil and gas company’s stock at the end of the first quarter. Saturna Capital CORP’s holdings in Chevron Corporation were worth $450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. State Street Corp raised its position in shares of Chevron Corporation by 1.1% in the first quarter. State Street Corp now owns 118,769,549 shares of the oil and gas company’s stock valued at $12,752,287,000 after buying an additional 1,261,078 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Chevron Corporation by 1.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,721,044 shares of the oil and gas company’s stock valued at $614,268,000 after buying an additional 54,154 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Chevron Corporation by 1.0% in the first quarter. Fisher Asset Management LLC now owns 3,651,370 shares of the oil and gas company’s stock valued at $392,048,000 after buying an additional 35,921 shares during the last quarter. Thomaspartners Inc. raised its position in shares of Chevron Corporation by 30.5% in the first quarter. Thomaspartners Inc. now owns 2,815,231 shares of the oil and gas company’s stock valued at $302,271,000 after buying an additional 657,826 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its position in shares of Chevron Corporation by 0.9% in the first quarter. Great West Life Assurance Co. Can now owns 2,173,646 shares of the oil and gas company’s stock valued at $233,274,000 after buying an additional 19,944 shares during the last quarter. 62.84% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently commented on CVX shares. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Chevron Corporation in a research report on Thursday, August 3rd. Jefferies Group LLC set a $135.00 price target on shares of Chevron Corporation and gave the stock a “buy” rating in a research report on Saturday, June 24th. Zacks Investment Research raised shares of Chevron Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. BNP Paribas raised shares of Chevron Corporation from an “underperform” rating to a “neutral” rating and set a $105.00 price target for the company in a research report on Monday, August 7th. Finally, BidaskClub raised shares of Chevron Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $116.40.

In other Chevron Corporation news, Director Linnet F. Deily sold 2,312 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $107.38, for a total transaction of $248,262.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Patricia E. Yarrington sold 39,000 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 43,838 shares in the company, valued at approximately $4,866,018. The disclosure for this sale can be found here. In the last quarter, insiders have sold 72,312 shares of company stock worth $8,008,343. Corporate insiders own 0.38% of the company’s stock.

Shares of Chevron Corporation (NYSE CVX) traded down 0.52% on Tuesday, hitting $111.93. 2,504,141 shares of the stock traded hands. The stock has a market cap of $212.11 billion, a price-to-earnings ratio of 36.29 and a beta of 1.23. The stock has a 50-day moving average price of $108.29 and a 200 day moving average price of $107.02. Chevron Corporation has a 12-month low of $97.53 and a 12-month high of $119.00.

Chevron Corporation (NYSE:CVX) last announced its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.91 EPS for the quarter, beating the 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 the consensus estimate of $32.77 billion. During the same quarter last year, the company posted ($0.78) earnings per share. The company’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 $3.86 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 18th were issued a dividend of $1.08 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $4.32 annualized dividend and a yield of 3.84%. Chevron Corporation’s dividend payout ratio (DPR) is presently 140.26%.

TRADEMARK VIOLATION WARNING: “Saturna Capital CORP Continues to Hold Holdings in Chevron Corporation (CVX)” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.thecerbatgem.com/2017/09/12/saturna-capital-corp-continues-to-hold-holdings-in-chevron-corporation-cvx.html.

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.

Institutional Ownership by Quarter for Chevron Corporation (NYSE:CVX)

Receive News & Stock Ratings for Chevron Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron Corporation and related stocks with our FREE daily email newsletter.