Buffington Mohr McNeal Has $2.03 Million Stake in Chevron Corporation (CVX)
Buffington Mohr McNeal lifted its holdings in shares of Chevron Corporation (NYSE:CVX) by 18.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 19,491 shares of the oil and gas company’s stock after acquiring an additional 3,045 shares during the period. Buffington Mohr McNeal’s holdings in Chevron Corporation were worth $2,033,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. HPM Partners LLC lifted its holdings in shares of Chevron Corporation by 197.0% during the 1st quarter. HPM Partners LLC now owns 38,735 shares of the oil and gas company’s stock worth $4,159,000 after acquiring an additional 25,691 shares during the period. Lincoln National Corp lifted its holdings in shares of Chevron Corporation by 33.3% during the 1st quarter. Lincoln National Corp now owns 82,502 shares of the oil and gas company’s stock worth $8,859,000 after acquiring an additional 20,615 shares during the period. Strategic Financial Group LLC lifted its holdings in Chevron Corporation by 6.0% during the 1st quarter. Strategic Financial Group LLC now owns 8,979 shares of the oil and gas company’s stock valued at $964,000 after purchasing an additional 510 shares during the last quarter. Rothschild Investment Corp IL lifted its holdings in Chevron Corporation by 2.3% during the 1st quarter. Rothschild Investment Corp IL now owns 41,232 shares of the oil and gas company’s stock valued at $4,427,000 after purchasing an additional 919 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in Chevron Corporation by 7.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 504,112 shares of the oil and gas company’s stock valued at $54,127,000 after purchasing an additional 36,257 shares during the last quarter. 62.73% of the stock is owned by institutional investors.
Several equities analysts recently issued reports on the stock. Credit Suisse Group set a $123.00 price target on shares of Chevron Corporation and gave the company a “buy” rating in a report on Friday, August 25th. Citigroup Inc. cut their price target on shares of Chevron Corporation from $129.00 to $118.00 and set a “buy” rating for the company in a report on Friday, July 21st. BMO Capital Markets set a $120.00 price target on shares of Chevron Corporation and gave the company a “buy” rating in a report on Sunday, July 30th. BidaskClub raised shares of Chevron Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, J P Morgan Chase & Co reissued an “overweight” rating on shares of Chevron Corporation in a report on Saturday, September 16th. Three research analysts have rated the stock with a sell rating, eight 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 company has a consensus rating of “Buy” and a consensus target price of $116.82.
Shares of Chevron Corporation (NYSE:CVX) traded up 0.37% on Monday, reaching $117.46. 1,260,176 shares of the company’s stock were exchanged. Chevron Corporation has a 52-week low of $99.61 and a 52-week high of $119.00. The stock has a market cap of $222.59 billion, a P/E ratio of 38.09 and a beta of 1.24. The company’s 50 day moving average price is $112.88 and its 200-day moving average price is $107.92.
Chevron Corporation (NYSE:CVX) last announced its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.89 by $0.02. The company had revenue of $34.48 billion during the quarter, compared to the consensus estimate of $32.77 billion. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. The company’s quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.78) EPS. Equities analysts forecast that Chevron Corporation will post $3.93 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, August 18th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend was Wednesday, August 16th. Chevron Corporation’s dividend payout ratio (DPR) is 140.26%.
In related news, insider James William Johnson sold 31,000 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $110.68, for a total value of $3,431,080.00. Following the transaction, the insider now directly owns 11,000 shares in the company, valued at approximately $1,217,480. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Linnet F. Deily sold 2,312 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $107.38, for a total value of $248,262.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 72,312 shares of company stock valued at $8,008,343. Insiders own 0.38% of the company’s stock.
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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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