Voya Investment Management LLC increased its holdings in Chevron Co. (NYSE:CVX) by 3.5% during the 2nd quarter, Holdings Channel reports. The firm owned 2,542,867 shares of the oil and gas company’s stock after purchasing an additional 86,908 shares during the period. Chevron accounts for approximately 0.7% of Voya Investment Management LLC’s investment portfolio, making the stock its 15th biggest holding. Voya Investment Management LLC’s holdings in Chevron were worth $321,494,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the stock. South Street Advisors LLC boosted its position in Chevron by 5.1% during the first quarter. South Street Advisors LLC now owns 8,490 shares of the oil and gas company’s stock valued at $968,000 after acquiring an additional 410 shares during the last quarter. Private Capital Group LLC boosted its position in Chevron by 4.6% during the second quarter. Private Capital Group LLC now owns 9,281 shares of the oil and gas company’s stock valued at $1,173,000 after acquiring an additional 412 shares during the last quarter. Strategic Financial Services Inc boosted its position in Chevron by 1.1% during the second quarter. Strategic Financial Services Inc now owns 37,454 shares of the oil and gas company’s stock valued at $4,735,000 after acquiring an additional 413 shares during the last quarter. Montgomery Investment Management Inc. boosted its position in Chevron by 0.6% during the second quarter. Montgomery Investment Management Inc. now owns 74,541 shares of the oil and gas company’s stock valued at $9,425,000 after acquiring an additional 430 shares during the last quarter. Finally, Reynders McVeigh Capital Management LLC boosted its position in Chevron by 2.4% during the second quarter. Reynders McVeigh Capital Management LLC now owns 18,311 shares of the oil and gas company’s stock valued at $2,315,000 after acquiring an additional 431 shares during the last quarter. 64.89% of the stock is currently owned by institutional investors.
In other news, insider James William Johnson sold 4,750 shares of the company’s stock in a transaction dated Thursday, October 11th. The shares were sold at an average price of $119.97, for a total transaction of $569,857.50. Following the transaction, the insider now owns 4,750 shares in the company, valued at $569,857.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is currently owned by corporate insiders.
Shares of NYSE CVX opened at $118.94 on Friday. Chevron Co. has a 1-year low of $107.54 and a 1-year high of $133.88. The stock has a market cap of $227.27 billion, a PE ratio of 32.15, a P/E/G ratio of 2.08 and a beta of 1.12. The company has a current ratio of 1.22, a quick ratio of 1.01 and a debt-to-equity ratio of 0.19.
Chevron (NYSE:CVX) last announced 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 in the prior year, the business earned $1.03 earnings per share. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. Equities analysts anticipate that Chevron Co. will post 8.18 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders 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 dividend yield of 3.77%. Chevron’s dividend payout ratio is currently 121.08%.
COPYRIGHT VIOLATION WARNING: This report was originally published by Community Financial News and is the property of of Community Financial News. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://www.com-unik.info/2018/12/02/voya-investment-management-llc-has-321-49-million-position-in-chevron-co-cvx.html.
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.
Featured Story: How is inflation measured?
Want to see what other hedge funds are holding CVX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chevron Co. (NYSE:CVX).
Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.