Bristol Advisors LLC boosted its position in shares of Chevron Corporation (NYSE:CVX) by 76.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,600 shares of the oil and gas company’s stock after buying an additional 2,000 shares during the quarter. Chevron accounts for approximately 0.3% of Bristol Advisors LLC’s investment portfolio, making the stock its 25th largest position. Bristol Advisors LLC’s holdings in Chevron were worth $480,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Harbour Capital Advisors LLC lifted its stake in Chevron by 10,213.3% in the second quarter. Harbour Capital Advisors LLC now owns 5,709,042 shares of the oil and gas company’s stock worth $54,721,000 after acquiring an additional 5,653,686 shares during the period. State Street Corp boosted its position in Chevron 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. Boston Partners boosted its position in Chevron by 17.9% in the second quarter. Boston Partners now owns 7,147,113 shares of the oil and gas company’s stock valued at $745,659,000 after buying an additional 1,084,757 shares during the last quarter. First Trust Advisors LP boosted its position in Chevron by 204.4% in the second quarter. First Trust Advisors LP now owns 1,373,511 shares of the oil and gas company’s stock valued at $143,298,000 after buying an additional 922,316 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new stake in Chevron in the first quarter valued at approximately $77,388,000. 63.93% of the stock is owned by institutional investors.
A number of equities research analysts recently commented on CVX shares. TheStreet upgraded Chevron from a “c+” rating to a “b” rating in a research report on Monday, October 23rd. Jefferies Group set a $130.00 price objective on Chevron and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Piper Jaffray Companies set a $119.00 price objective on Chevron and gave the stock a “buy” rating in a research report on Friday, August 25th. Credit Suisse Group set a $123.00 price objective on Chevron and gave the stock a “buy” rating in a research report on Friday, August 25th. Finally, Goldman Sachs Group restated a “buy” rating and issued a $123.00 price objective (up previously from $118.00) on shares of Chevron in a research report on Tuesday, September 19th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company’s stock. Chevron has an average rating of “Hold” and a consensus target price of $121.22.
In other news, CFO Patricia E. Yarrington sold 13,143 shares of Chevron stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $115.01, for a total value of $1,511,576.43. Following the completion of the transaction, the chief financial officer now owns 17,981 shares in the company, valued at approximately $2,067,994.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP R. Hewitt Pate sold 25,500 shares of Chevron stock in a transaction dated 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 completion of the transaction, the vice president now owns 25,500 shares of the company’s stock, valued at approximately $3,060,000. The disclosure for this sale can be found here. Insiders have sold a total of 314,000 shares of company stock valued at $36,540,822 over the last 90 days. 0.38% of the stock is currently owned by company insiders.
Shares of Chevron Corporation (NYSE:CVX) traded up $1.33 on Monday, hitting $120.84. The company’s stock had a trading volume of 7,366,372 shares, compared to its average volume of 5,631,530. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. The firm has a market cap of $229,520.00, a P/E ratio of 33.48, a PEG ratio of 3.89 and a beta of 1.21. Chevron Corporation has a twelve month low of $102.55 and a twelve month high of $122.30.
Chevron (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, topping analysts’ consensus estimates 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 had a return on equity of 4.59% and a net margin of 4.79%. The company’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period last year, the company earned $0.68 EPS. equities analysts expect that Chevron Corporation will post 4.39 EPS for the current year.
The company also recently announced 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 3.57%. The ex-dividend date is Thursday, November 16th. Chevron’s dividend payout ratio (DPR) is 125.95%.
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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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