Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Chevron Co. (NYSE:CVX) by 45.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,096,045 shares of the oil and gas company’s stock after buying an additional 343,845 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Chevron were worth $129,327,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Korea Investment CORP raised its position in Chevron by 5.1% in the second quarter. Korea Investment CORP now owns 1,476,610 shares of the oil and gas company’s stock valued at $154,055,000 after purchasing an additional 72,173 shares during the last quarter. Numeric Investors LLC raised its position in Chevron by 158.4% in the second quarter. Numeric Investors LLC now owns 52,200 shares of the oil and gas company’s stock valued at $5,446,000 after purchasing an additional 32,000 shares during the last quarter. Palisade Asset Management LLC raised its position in Chevron by 20.5% in the second quarter. Palisade Asset Management LLC now owns 109,154 shares of the oil and gas company’s stock valued at $11,388,000 after purchasing an additional 18,541 shares during the last quarter. Toronto Dominion Bank raised its position in Chevron by 24.7% in the second quarter. Toronto Dominion Bank now owns 660,443 shares of the oil and gas company’s stock valued at $68,894,000 after purchasing an additional 130,990 shares during the last quarter. Finally, Perpetual Ltd raised its position in Chevron by 6.8% in the second quarter. Perpetual Ltd now owns 22,012 shares of the oil and gas company’s stock valued at $2,297,000 after purchasing an additional 1,400 shares during the last quarter. Institutional investors and hedge funds own 64.10% of the company’s stock.
In related news, insider Pierre R. Breber sold 23,250 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $119.00, for a total transaction of $2,766,750.00. Following the completion of the sale, the insider now owns 42,182 shares of the company’s stock, valued at $5,019,658. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.38% of the company’s stock.
Shares of Chevron Co. (NYSE:CVX) opened at $110.98 on Wednesday. Chevron Co. has a one year low of $102.55 and a one year high of $133.88. The company has a market capitalization of $212,995.78, a P/E ratio of 27.49, a P/E/G ratio of 2.20 and a beta of 1.15. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.04.
Chevron (NYSE:CVX) last released its earnings results on Friday, February 2nd. The oil and gas company reported $0.73 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.54). Chevron had a return on equity of 5.23% and a net margin of 6.49%. The business had revenue of $37.62 billion for the quarter, compared to analyst estimates of $38.43 billion. During the same period in the prior year, the business earned $0.22 EPS. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. analysts forecast that Chevron Co. will post 6.36 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Friday, February 16th will be paid a dividend of $1.12 per share. The ex-dividend date is Thursday, February 15th. This represents a $4.48 annualized dividend and a yield of 4.04%. This is a boost from Chevron’s previous quarterly dividend of $1.08. Chevron’s dividend payout ratio (DPR) is currently 92.37%.
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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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