Chevron Corporation $CVX Shares Bought by ABN Amro Investment Solutions

ABN Amro Investment Solutions increased its stake in Chevron Corporation (NYSE:CVXFree Report) by 27.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 93,130 shares of the oil and gas company’s stock after acquiring an additional 20,331 shares during the period. ABN Amro Investment Solutions’ holdings in Chevron were worth $19,269,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Midwest Capital Advisors LLC acquired a new stake in shares of Chevron during the 1st quarter worth $25,000. Core Wealth Advisors LLC purchased a new stake in Chevron during the fourth quarter worth approximately $26,000. Phillip James Consulting Co. acquired a new stake in shares of Chevron in the fourth quarter worth $26,000. Basso Capital Management L.P. purchased a new position in shares of Chevron in the 4th quarter valued at $27,000. Finally, Karpus Management Inc. purchased a new position in shares of Chevron in the 4th quarter valued at $27,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Price Performance

Shares of CVX opened at $190.94 on Wednesday. Chevron Corporation has a 52 week low of $146.49 and a 52 week high of $214.71. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. The firm has a market cap of $380.28 billion, a price-to-earnings ratio of 33.09, a PEG ratio of 0.67 and a beta of 0.50. The stock has a 50 day moving average of $181.74 and a 200-day moving average of $183.20.

Chevron (NYSE:CVXGet Free Report) last posted its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.41. Chevron had a return on equity of 6.90% and a net margin of 5.79%.The business had revenue of $47.56 billion for the quarter, compared to analyst estimates of $51.86 billion. During the same period in the prior year, the company posted $2.18 EPS. The business’s revenue was up 2.1% compared to the same quarter last year. As a group, analysts forecast that Chevron Corporation will post 14.78 EPS for the current year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 19th were issued a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Tuesday, May 19th. Chevron’s dividend payout ratio is 123.40%.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

Insider Activity

In other news, Director John B. Hess sold 380,000 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $193.20, for a total value of $73,416,000.00. Following the transaction, the director directly owned 278,045 shares in the company, valued at approximately $53,718,294. This trade represents a 57.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on CVX shares. Weiss Ratings downgraded Chevron from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. Citigroup upped their target price on shares of Chevron from $210.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Zacks Research lowered shares of Chevron from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Sanford C. Bernstein cut their price target on Chevron from $216.00 to $204.00 and set a “market perform” rating on the stock in a research note on Monday, May 11th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $216.00 price target on shares of Chevron in a report on Friday, July 10th. Nineteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $206.83.

Get Our Latest Stock Analysis on CVX

About Chevron

(Free Report)

Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.

Further Reading

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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