Chevron Corporation (CVX) Shares Bought by Cadinha & Co. LLC
Cadinha & Co. LLC grew its stake in Chevron Corporation (NYSE:CVX) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,848 shares of the oil and gas company’s stock after purchasing an additional 352 shares during the period. Cadinha & Co. LLC’s holdings in Chevron Corporation were worth $3,010,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of CVX. 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. Adams Natural Resources Fund Inc. lifted its holdings in shares of Chevron Corporation by 8.8% during the 2nd quarter. Adams Natural Resources Fund Inc. now owns 596,800 shares of the oil and gas company’s stock worth $62,264,000 after acquiring an additional 48,100 shares during the period. Korea Investment CORP lifted its holdings in shares of Chevron Corporation by 5.1% during the 2nd quarter. Korea Investment CORP now owns 1,476,610 shares of the oil and gas company’s stock worth $154,055,000 after acquiring an additional 72,173 shares during the period. Finally, Strategic Financial Group LLC lifted its holdings in shares of 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 worth $964,000 after acquiring an additional 510 shares during the period. Institutional investors own 62.91% of the company’s stock.
In other Chevron Corporation news, VP R. Hewitt Pate sold 25,500 shares of Chevron Corporation stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $120.00, for a total value of $3,060,000.00. Following the transaction, the vice president now owns 25,500 shares of the company’s stock, valued at $3,060,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Linnet F. Deily sold 2,312 shares of Chevron Corporation stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $107.38, for a total transaction of $248,262.56. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by insiders.
CVX has been the subject of several analyst reports. Barclays PLC reissued an “overweight” rating and set a $125.00 price target (up from $116.00) on shares of Chevron Corporation in a report on Wednesday, July 12th. BidaskClub downgraded shares of Chevron Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. J P Morgan Chase & Co reissued an “overweight” rating on shares of Chevron Corporation in a report on Saturday, September 16th. Jefferies Group LLC reissued a “buy” rating and set a $137.00 price target (up from $113.54) on shares of Chevron Corporation in a report on Monday, October 30th. Finally, 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. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company. Chevron Corporation has an average rating of “Hold” and a consensus target price of $120.45.
Chevron Corporation (NYSE CVX) opened at $117.24 on Wednesday. The stock has a market cap of $222,302.72, a P/E ratio of 32.78, a P/E/G ratio of 3.97 and a beta of 1.22. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.04. Chevron Corporation has a 1-year low of $102.55 and a 1-year high of $120.89.
Chevron Corporation (NYSE:CVX) last issued its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.04. The firm had revenue of $36.21 billion during the quarter, compared to analysts’ expectations of $34.06 billion. Chevron Corporation had a net margin of 4.79% and a return on equity of 4.59%. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.68 earnings per share. equities analysts forecast that Chevron Corporation will post 4.21 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date is Thursday, November 16th. Chevron Corporation’s dividend payout ratio is currently 125.95%.
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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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