Garde Capital Inc. raised its position in Chevron Corporation (NYSE:CVX) by 304.0% during the third quarter, Holdings Channel reports. The firm owned 12,781 shares of the company’s stock after buying an additional 9,617 shares during the period. Garde Capital Inc.’s holdings in Chevron Corporation were worth $1,008,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the company. Solaris Asset Management LLC raised its stake in Chevron Corporation by 42.6% in the third quarter. Solaris Asset Management LLC now owns 1,005 shares of the company’s stock worth $103,000 after buying an additional 300 shares during the period. Winfield Associates Inc. increased its position in shares of Chevron Corporation by 1.5% in the third quarter. Winfield Associates Inc. now owns 1,151 shares of the company’s stock worth $118,000 after buying an additional 17 shares in the last quarter. Global X Management Co. LLC increased its position in shares of Chevron Corporation by 115.6% in the second quarter. Global X Management Co. LLC now owns 1,158 shares of the company’s stock worth $121,000 after buying an additional 621 shares in the last quarter. TLP Group LLC purchased a new position in shares of Chevron Corporation during the third quarter worth approximately $130,000. Finally, Chicago Partners Investment Group LLC increased its position in shares of Chevron Corporation by 0.5% in the third quarter. Chicago Partners Investment Group LLC now owns 1,653 shares of the company’s stock worth $170,000 after buying an additional 9 shares in the last quarter. 62.50% of the stock is owned by institutional investors.
Shares of Chevron Corporation (NYSE:CVX) opened at 112.83 on Tuesday. The firm has a 50 day moving average price of $115.11 and a 200-day moving average price of $107.53. Chevron Corporation has a 52 week low of $82.90 and a 52 week high of $119.00. The firm’s market capitalization is $213.00 billion.
Chevron Corporation (NYSE:CVX) last announced its quarterly earnings results on Friday, January 27th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by $0.42. The company had revenue of $31.50 billion for the quarter, compared to analyst estimates of $35.24 billion. Chevron Corporation had a positive return on equity of 1.26% and a negative net margin of 0.43%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.31) earnings per share. Equities research analysts predict that Chevron Corporation will post $4.58 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Stockholders of record on Thursday, February 16th will be given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date is Tuesday, February 14th. Chevron Corporation’s payout ratio is -1,600.00%.
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CVX has been the subject of a number of recent research reports. TheStreet upgraded shares of Chevron Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, December 21st. Goldman Sachs Group, Inc. (The) upgraded shares of Chevron Corporation to a “buy” rating in a report on Sunday, December 18th. Zacks Investment Research upgraded Chevron Corporation from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a research report on Tuesday, October 18th. Jefferies Group LLC reiterated a “buy” rating and issued a $120.00 target price (up previously from $116.00) on shares of Chevron Corporation in a research report on Tuesday, November 1st. Finally, Independent Research GmbH upgraded Chevron Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, December 1st. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $112.65.
In other news, insider Pierre R. Breber sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $110.00, for a total transaction of $1,100,000.00. Following the sale, the insider now directly owns 28,911 shares in the company, valued at approximately $3,180,210. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is currently owned by corporate insiders.
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. Chevron operates through two business segments: Upstream and Downstream.
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