The Manufacturers Life Insurance Company decreased its place in Chevron Co. (NYSE:CVX – Get Rating) by 7.1% in the first quarter, in keeping with its most up-to-date submitting with the Securities and Exchange Commission (SEC). The institutional investor owned 1,794,843 shares of the oil and gasoline firm’s inventory after promoting 136,865 shares in the course of the interval. The Manufacturers Life Insurance Company owned about 0.09% of Chevron value $292,254,000 as of its most up-to-date SEC submitting.
Several different hedge funds have additionally just lately purchased and bought shares of CVX. Norges Bank bought a brand new place in Chevron in the course of the fourth quarter value $3,111,594,000. Vanguard Group Inc. elevated its place in Chevron by 2.7% in the course of the first quarter. Vanguard Group Inc. now owns 167,767,288 shares of the oil and gasoline firm’s inventory value $27,317,547,000 after shopping for an extra 4,367,157 shares in the final quarter. 1832 Asset Management L.P. elevated its place in Chevron by 1,886.8% in the course of the first quarter. 1832 Asset Management L.P. now owns 2,346,162 shares of the oil and gasoline firm’s inventory value $376,786,000 after shopping for an extra 2,228,072 shares in the final quarter. Dimensional Fund Advisors LP elevated its place in Chevron by 17.3% in the course of the first quarter. Dimensional Fund Advisors LP now owns 9,763,275 shares of the oil and gasoline firm’s inventory value $1,589,915,000 after shopping for an extra 1,437,047 shares in the final quarter. Finally, Swiss National Bank elevated its place in Chevron by 13.6% in the course of the first quarter. Swiss National Bank now owns 8,349,332 shares of the oil and gasoline firm’s inventory value $1,359,522,000 after shopping for an extra 998,700 shares in the final quarter. 69.30% of the inventory is owned by hedge funds and different institutional buyers.
Chevron Trading Up 2.4 %
Shares of CVX opened at $163.27 on Thursday. The inventory’s 50-day shifting common is $153.30 and its two-hundred day shifting common is $160.19. The inventory has a market cap of $320.79 billion, a PE ratio of 10.89, a P/E/G ratio of 0.61 and a beta of 1.15. Chevron Co. has a 12 month low of $93.31 and a 12 month excessive of $182.40. The firm has a debt-to-equity ratio of 0.15, a present ratio of 1.31 and a fast ratio of 1.11.
Chevron (NYSE:CVX – Get Rating) final issued its quarterly earnings information on Friday, July twenty ninth. The oil and gasoline firm reported $5.82 EPS for the quarter, topping analysts’ consensus estimates of $4.66 by $1.16. The firm had income of $68.76 billion for the quarter, in comparison with analysts’ expectations of $57.69 billion. Chevron had a return on fairness of 19.73% and a internet margin of 13.45%. The agency’s quarterly income was up 82.9% on a year-over-year foundation. During the identical quarter in the earlier yr, the agency posted $1.71 earnings per share. Equities analysts forecast that Chevron Co. will publish 18.4 earnings per share for the present fiscal yr.
Chevron Dividend Announcement
The agency additionally just lately introduced a quarterly dividend, which was paid on Monday, September twelfth. Stockholders of report on Friday, August nineteenth got a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized foundation and a dividend yield of three.48%. The ex-dividend date was Thursday, August 18th. Chevron’s payout ratio is 37.89%.
Analysts Set New Price Targets
Several analysis companies have weighed in on CVX. Cowen raised their value goal on Chevron from $119.00 to $120.00 and gave the inventory an “outperform” ranking in a analysis report on Monday, August fifteenth. Wells Fargo & Company raised their value goal on Chevron from $181.00 to $185.00 and gave the inventory an “overweight” ranking in a report on Monday, August 1st. Truist Financial decreased their value goal on Chevron from $170.00 to $166.00 and set a “hold” ranking on the inventory in a report on Tuesday, July nineteenth. HSBC upgraded Chevron from a “hold” ranking to a “buy” ranking and decreased their value goal for the inventory from $183.00 to $167.00 in a report on Wednesday, July twentieth. Finally, Credit Suisse Group restated an “outperform” ranking and set a $202.00 value goal on shares of Chevron in a report on Thursday, August eleventh. One analyst has rated the inventory with a promote ranking, six have issued a maintain ranking and fifteen have assigned a purchase ranking to the corporate. According to information from MarketBeat, Chevron presently has a consensus ranking of “Moderate Buy” and a median goal value of $169.20.
Insider Transactions at Chevron
In different information, Director Wanda M. Austin bought 11,432 shares of Chevron inventory in a transaction dated Monday, August 1st. The inventory was bought at a median value of $161.45, for a complete transaction of $1,845,696.40. Following the sale, the director now instantly owns 3,560 shares of the corporate’s inventory, valued at $574,762. The sale was disclosed in a submitting with the SEC, which might be accessed by this hyperlink. In different information, Director Wanda M. Austin bought 11,432 shares of Chevron inventory in a transaction dated Monday, August 1st. The inventory was bought at a median value of $161.45, for a complete transaction of $1,845,696.40. Following the sale, the director now instantly owns 3,560 shares of the corporate’s inventory, valued at $574,762. The sale was disclosed in a submitting with the SEC, which might be accessed by this hyperlink. Also, CFO Pierre R. Breber bought 22,500 shares of Chevron inventory in a transaction dated Tuesday, August twenty third. The inventory was bought at a median value of $161.39, for a complete worth of $3,631,275.00. Following the sale, the chief monetary officer now instantly owns 7 shares in the corporate, valued at $1,129.73. The disclosure for this sale might be discovered right here. Over the final ninety days, insiders have bought 141,732 shares of firm inventory valued at $23,024,499. 0.32% of the inventory is at the moment owned by insiders.
Chevron Company Profile
(Get Rating)
Chevron Corporation, by its subsidiaries, engages in built-in vitality and chemical substances operations worldwide. The firm operates in two segments, Upstream and Downstream. The Upstream phase is concerned in the exploration, growth, manufacturing, and transportation of crude oil and pure gasoline; processing, liquefaction, transportation, and regasification related to liquefied pure gasoline; transportation of crude oil by pipelines; and transportation, storage, and advertising and marketing of pure gasoline, in addition to operates a gas-to-liquids plant.
Featured Stories
Want to see what different hedge funds are holding CVX? Visit HoldingsChannel.com to get the most recent 13F filings and insider trades for Chevron Co. (NYSE:CVX – Get Rating).
Receive News & Ratings for Chevron Daily – Enter your e mail deal with beneath to obtain a concise day by day abstract of the most recent information and analysts’ scores for Chevron and associated corporations with MarketBeat.com’s FREE day by day e mail publication.