Bar Harbor Trust Services Has $310,000 Stake in Chevron Corporation (CVX)
Bar Harbor Trust Services maintained its position in Chevron Corporation (NYSE:CVX) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,972 shares of the oil and gas company’s stock at the end of the second quarter. Bar Harbor Trust Services’ holdings in Chevron Corporation were worth $310,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. Shine Investment Advisory Services Inc. purchased a new stake in shares of Chevron Corporation in the 2nd quarter worth about $106,000. Thompson Davis & CO. Inc. boosted its position in shares of Chevron Corporation by 20.0% in the 1st quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock worth $123,000 after buying an additional 191 shares in the last quarter. Winfield Associates Inc. boosted its position in shares of Chevron Corporation by 5.1% in the 2nd quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock worth $136,000 after buying an additional 63 shares in the last quarter. Daiwa SB Investments Ltd. boosted its position in shares of Chevron Corporation by 438.5% in the 2nd quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after buying an additional 1,140 shares in the last quarter. Finally, New Capital Management LP boosted its position in shares of Chevron Corporation by 0.3% in the 1st quarter. New Capital Management LP now owns 1,455 shares of the oil and gas company’s stock worth $156,000 after buying an additional 4 shares in the last quarter. 63.03% of the stock is currently owned by institutional investors and hedge funds.
In other Chevron Corporation news, Vice Chairman Michael K. Wirth sold 1,229 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $118.00, for a total value of $145,022.00. Following the completion of the sale, the insider now owns 1,229 shares of the company’s stock, valued at $145,022. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP R. Hewitt Pate sold 25,500 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $120.00, for a total transaction of $3,060,000.00. Following the completion of the sale, the vice president now directly owns 25,500 shares of the company’s stock, valued at approximately $3,060,000. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 41,000 shares of company stock valued at $5,420 and sold 63,122 shares valued at $7,433,361. 0.38% of the stock is owned by company insiders.
Several research firms recently commented on CVX. Zacks Investment Research upgraded shares of Chevron Corporation from a “hold” rating to a “buy” rating and set a $129.00 price objective on the stock in a research report on Friday. Citigroup Inc. boosted their price objective on shares of Chevron Corporation from $118.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. Jefferies Group LLC reiterated a “buy” rating and issued a $137.00 price objective (up from $113.54) on shares of Chevron Corporation in a research report on Monday, October 30th. Royal Bank Of Canada set a $100.00 target price on shares of Chevron Corporation and gave the company a “sell” rating in a report on Friday, October 27th. Finally, TheStreet upgraded shares of Chevron Corporation from a “c+” rating to a “b” rating in a report on Monday, October 23rd. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $120.54.
Shares of Chevron Corporation (CVX) opened at $114.71 on Friday. The stock has a market cap of $217,877.19, a P/E ratio of 32.13, a P/E/G ratio of 3.83 and a beta of 1.22. Chevron Corporation has a 1 year low of $102.55 and a 1 year high of $120.89. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.23.
Chevron Corporation (NYSE:CVX) last posted its earnings results on Friday, October 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.04. The firm had revenue of $36.21 billion during the quarter, compared to the consensus estimate of $34.06 billion. Chevron Corporation had a net margin of 4.79% and a return on equity of 4.59%. The company’s revenue was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 EPS. analysts expect that Chevron Corporation will post 4.28 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date is Thursday, November 16th. Chevron Corporation’s dividend payout ratio (DPR) is presently 125.95%.
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.
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