Chevron Corporation (CVX) Shares Bought by Donald L. Hagan LLC
Donald L. Hagan LLC lifted its holdings in shares of Chevron Corporation (NYSE:CVX) by 1.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 8,772 shares of the oil and gas company’s stock after purchasing an additional 137 shares during the period. Donald L. Hagan LLC’s holdings in Chevron Corporation were worth $915,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in CVX. Thompson Davis & CO. Inc. lifted its stake in shares of Chevron Corporation by 20.0% during the first quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock valued at $123,000 after acquiring an additional 191 shares during the period. Daiwa SB Investments Ltd. lifted its stake in shares of Chevron Corporation by 438.5% during the second quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock valued at $146,000 after acquiring an additional 1,140 shares during the period. New Capital Management LP lifted its stake in shares of Chevron Corporation by 0.3% during 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 acquiring an additional 4 shares during the period. Marshall & Sullivan Inc. WA lifted its stake in shares of Chevron Corporation by 8.8% during the first quarter. Marshall & Sullivan Inc. WA now owns 1,985 shares of the oil and gas company’s stock valued at $213,000 after acquiring an additional 160 shares during the period. Finally, Harwood Advisory Group LLC lifted its stake in shares of Chevron Corporation by 22.0% during the first quarter. Harwood Advisory Group LLC now owns 2,137 shares of the oil and gas company’s stock valued at $229,000 after acquiring an additional 386 shares during the period. Institutional investors own 62.73% of the company’s stock.
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In other news, Director Linnet F. Deily sold 2,312 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $107.38, for a total value of $248,262.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Patricia E. Yarrington sold 39,000 shares of the business’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 completion of the transaction, 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. Insiders sold a total of 72,312 shares of company stock worth $8,008,343 over the last three months. 0.38% of the stock is owned by company insiders.
Shares of Chevron Corporation (CVX) opened at 119.33 on Thursday. Chevron Corporation has a one year low of $99.61 and a one year high of $119.82. The company has a market capitalization of $226.13 billion, a P/E ratio of 38.69 and a beta of 1.24. The firm has a 50 day moving average price of $113.95 and a 200 day moving average price of $108.14.
Chevron Corporation (NYSE:CVX) last announced its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.02. The company had revenue of $34.48 billion for the quarter, compared to the consensus estimate of $32.77 billion. Chevron Corporation had a return on equity of 4.13% and a net margin of 4.50%. The firm’s revenue was up 17.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.78) EPS. On average, equities research analysts predict that Chevron Corporation will post $3.99 EPS for the current fiscal year.
Several brokerages have recently issued reports on CVX. Jefferies Group LLC reaffirmed a “buy” rating and set a $130.00 price target on shares of Chevron Corporation in a research note on Tuesday, October 3rd. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Chevron Corporation in a research note on Thursday, August 3rd. Wells Fargo & Company reaffirmed a “market perform” rating and set a $108.00 price target (up previously from $100.00) on shares of Chevron Corporation in a research note on Tuesday, October 3rd. Zacks Investment Research raised Chevron Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Barclays PLC upped their price target on Chevron Corporation from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $117.07.
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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