Castleark Management LLC grew its holdings in shares of Chevron Co. (NYSE:CVX) by 31.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,695 shares of the oil and gas company’s stock after purchasing an additional 11,510 shares during the period. Castleark Management LLC’s holdings in Chevron were worth $6,157,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of CVX. Live Your Vision LLC lifted its position in shares of Chevron by 308.0% in the second quarter. Live Your Vision LLC now owns 816 shares of the oil and gas company’s stock worth $101,000 after purchasing an additional 616 shares in the last quarter. Point72 Asia Hong Kong Ltd lifted its position in shares of Chevron by 20,716.7% in the first quarter. Point72 Asia Hong Kong Ltd now owns 1,249 shares of the oil and gas company’s stock worth $142,000 after purchasing an additional 1,243 shares in the last quarter. Shine Investment Advisory Services Inc. lifted its position in shares of Chevron by 45.4% in the second quarter. Shine Investment Advisory Services Inc. now owns 1,479 shares of the oil and gas company’s stock worth $187,000 after purchasing an additional 462 shares in the last quarter. BigSur Wealth Management LLC purchased a new stake in shares of Chevron in the second quarter worth approximately $200,000. Finally, First National Bank of Hutchinson purchased a new stake in shares of Chevron in the second quarter worth approximately $200,000. Institutional investors own 64.67% of the company’s stock.
In other Chevron news, insider James William Johnson sold 4,750 shares of the stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $116.00, for a total transaction of $551,000.00. Following the transaction, the insider now owns 4,750 shares in the company, valued at $551,000. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders have sold 23,750 shares of company stock worth $2,821,833. Corporate insiders own 0.38% of the company’s stock.
Shares of CVX opened at $115.49 on Friday. The company has a market cap of $224.02 billion, a P/E ratio of 31.21, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.01 and a current ratio of 1.22. Chevron Co. has a twelve month low of $107.54 and a twelve month high of $133.88.
Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, November 2nd. The oil and gas company reported $2.11 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.05. Chevron had a net margin of 8.79% and a return on equity of 8.19%. The firm had revenue of $43.99 billion for the quarter, compared to analyst estimates of $47.17 billion. During the same quarter last year, the firm earned $1.03 earnings per share. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. Analysts predict that Chevron Co. will post 8.26 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 16th will be issued a dividend of $1.12 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $4.48 annualized dividend and a yield of 3.88%. Chevron’s dividend payout ratio (DPR) is presently 121.08%.
A number of analysts have recently issued reports on CVX shares. Wells Fargo & Co reduced their price target on shares of Chevron from $160.00 to $158.00 and set an “outperform” rating for the company in a research report on Monday, November 5th. Zacks Investment Research raised shares of Chevron from a “hold” rating to a “buy” rating and set a $137.00 price target for the company in a research report on Monday, October 1st. Redburn Partners lowered shares of Chevron from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $130.00 to $115.00 in a research report on Wednesday, October 3rd. Piper Jaffray Companies reissued an “overweight” rating on shares of Chevron in a research report on Tuesday, October 23rd. Finally, Royal Bank of Canada set a $150.00 price target on shares of Chevron and gave the stock a “hold” rating in a research report on Thursday, September 20th. Seven analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $139.13.
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Chevron Company Profile
Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.
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