Mitchell Sinkler & Starr PA decreased its stake in shares of Chevron Corporation (NYSE:CVX) by 4.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,914 shares of the oil and gas company’s stock after selling 600 shares during the period. Chevron Corporation accounts for approximately 2.4% of Mitchell Sinkler & Starr PA’s holdings, making the stock its 12th largest position. Mitchell Sinkler & Starr PA’s holdings in Chevron Corporation were worth $1,452,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Chevron Corporation during the fourth quarter valued at about $179,172,000. RB Capital Management LLC acquired a new stake in Chevron Corporation during the fourth quarter valued at about $1,963,000. Empire Life Investments Inc. acquired a new stake in Chevron Corporation during the fourth quarter valued at about $15,608,000. Pinnacle Financial Partners Inc. raised its stake in Chevron Corporation by 4.6% in the fourth quarter. Pinnacle Financial Partners Inc. now owns 47,675 shares of the oil and gas company’s stock valued at $5,612,000 after buying an additional 2,097 shares in the last quarter. Finally, Barings LLC raised its stake in Chevron Corporation by 9.6% in the fourth quarter. Barings LLC now owns 99,185 shares of the oil and gas company’s stock valued at $11,674,000 after buying an additional 8,690 shares in the last quarter. 62.75% of the stock is owned by institutional investors.
Shares of Chevron Corporation (NYSE:CVX) traded up 1.07% on Friday, reaching $107.05. The company had a trading volume of 2,513,731 shares. The stock’s 50 day moving average is $106.37 and its 200 day moving average is $107.51. The firm has a market capitalization of $202.86 billion, a price-to-earnings ratio of 34.71 and a beta of 1.23. Chevron Corporation has a 52 week low of $97.53 and a 52 week high of $119.00. Chevron Corporation also was the target of unusually large options trading activity on Tuesday. Stock investors bought 35,638 call options on the company. This is an increase of 544% compared to the typical daily volume of 5,534 call options.
Chevron Corporation (NYSE:CVX) last issued its earnings results on Friday, July 28th. The oil and gas company reported $0.91 EPS for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.02. The business had revenue of $34.48 billion for the quarter, compared to analyst estimates of $32.77 billion. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. The company’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period last year, the company posted ($0.78) earnings per share. On average, equities analysts anticipate that Chevron Corporation will post $3.81 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 18th 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 4.08%. The ex-dividend date is Wednesday, August 16th. Chevron Corporation’s dividend payout ratio (DPR) is presently 140.26%.
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Several equities research analysts recently issued reports on the company. Zacks Investment Research raised Chevron Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Piper Jaffray Companies reissued a “buy” rating on shares of Chevron Corporation in a research note on Thursday, August 3rd. BNP Paribas raised Chevron Corporation from an “underperform” rating to a “neutral” rating and set a $105.00 price objective for the company in a research note on Monday, August 7th. BidaskClub raised Chevron Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, TheStreet lowered Chevron Corporation from a “b” rating to a “c+” rating in a research note on Friday, July 28th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $116.80.
In other news, Director Linnet F. Deily sold 2,312 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $107.38, for a total transaction of $248,262.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Patricia E. Yarrington sold 39,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $111.00, for a total transaction of $4,329,000.00. Following the transaction, the chief financial officer now directly owns 43,838 shares in the company, valued at $4,866,018. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 72,312 shares of company stock worth $8,008,343. Corporate insiders own 0.38% of the company’s stock.
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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