Security National Bank of SO Dak raised its holdings in Chevron Corporation (NYSE:CVX) by 0.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,424 shares of the oil and gas company’s stock after purchasing an additional 62 shares during the quarter. Security National Bank of SO Dak’s holdings in Chevron Corporation were worth $1,120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Thompson Davis & CO. Inc. grew its stake in 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 valued at $123,000 after purchasing an additional 191 shares during the period. Americafirst Capital Management LLC purchased a new position in shares of Chevron Corporation during the 1st quarter valued at $140,000. Marshall & Sullivan Inc. WA lifted its position in shares of Chevron Corporation by 8.8% during the 1st quarter. Marshall & Sullivan Inc. WA now owns 1,985 shares of the oil and gas company’s stock valued at $213,000 after buying an additional 160 shares during the last quarter. Merriman Wealth Management LLC purchased a new position in shares of Chevron Corporation during the 1st quarter valued at $224,000. Finally, Harwood Advisory Group LLC lifted its position in shares of Chevron Corporation by 22.0% during the 1st quarter. Harwood Advisory Group LLC now owns 2,137 shares of the oil and gas company’s stock valued at $229,000 after buying an additional 386 shares during the last quarter. Hedge funds and other institutional investors own 62.84% of the company’s stock.
Chevron Corporation (CVX) traded down 0.31% on Tuesday, hitting $112.17. The stock had a trading volume of 2,650,542 shares. Chevron Corporation has a 1-year low of $97.53 and a 1-year high of $119.00. The stock’s 50-day moving average is $108.29 and its 200 day moving average is $107.02. The firm has a market capitalization of $212.56 billion, a price-to-earnings ratio of 36.37 and a beta of 1.23.
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, topping the consensus estimate of $0.89 by $0.02. Chevron Corporation had a return on equity of 4.13% and a net margin of 4.50%. The company had revenue of $34.48 billion for the quarter, compared to analysts’ expectations of $32.77 billion. During the same quarter in the prior year, the firm earned ($0.78) earnings per share. Chevron Corporation’s revenue was up 17.8% compared to the same quarter last year. On average, equities research analysts predict that Chevron Corporation will post $3.86 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 18th were issued a dividend of $1.08 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 3.84%. Chevron Corporation’s dividend payout ratio is currently 140.26%.
In other Chevron Corporation news, insider James William Johnson sold 31,000 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $110.68, for a total transaction of $3,431,080.00. Following the completion of the sale, the insider now owns 11,000 shares in the company, valued at $1,217,480. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Linnet F. Deily sold 2,312 shares of the company’s 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 90 days, insiders have sold 72,312 shares of company stock valued at $8,008,343. 0.38% of the stock is owned by company insiders.
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CVX has been the topic of a number of recent research reports. BidaskClub cut Chevron Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. Piper Jaffray Companies set a $119.00 price target on Chevron Corporation and gave the company a “buy” rating in a research report on Friday, August 25th. Wells Fargo & Company cut Chevron Corporation to an “outperform” rating and dropped their price target for the company from $124.00 to $102.00 in a research report on Monday, July 17th. Vetr raised Chevron Corporation from a “buy” rating to a “strong-buy” rating and set a $120.37 price target on the stock in a research report on Thursday, June 15th. Finally, Credit Suisse Group set a $123.00 price target on Chevron Corporation and gave the company a “buy” rating in a research report on Friday, August 25th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $116.40.
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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