Bienville Capital Management LLC raised its position in shares of Chevron Corporation (NYSE:CVX) by 39.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,231 shares of the oil and gas company’s stock after buying an additional 2,631 shares during the quarter. Bienville Capital Management LLC’s holdings in Chevron were worth $963,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Harbour Capital Advisors LLC grew its stake in shares of Chevron by 10,213.3% during the 2nd quarter. Harbour Capital Advisors LLC now owns 5,709,042 shares of the oil and gas company’s stock worth $54,721,000 after purchasing an additional 5,653,686 shares during the period. Principal Financial Group Inc. grew its stake in shares of Chevron by 40.4% during the 2nd quarter. Principal Financial Group Inc. now owns 5,412,567 shares of the oil and gas company’s stock worth $564,693,000 after purchasing an additional 1,556,270 shares during the period. State Street Corp grew its stake in shares of Chevron by 1.1% during the 1st quarter. State Street Corp now owns 118,769,549 shares of the oil and gas company’s stock worth $12,752,287,000 after purchasing an additional 1,261,078 shares during the period. Boston Partners grew its stake in shares of Chevron by 17.9% during the 2nd quarter. Boston Partners now owns 7,147,113 shares of the oil and gas company’s stock worth $745,659,000 after purchasing an additional 1,084,757 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of Chevron by 204.4% during the 2nd quarter. First Trust Advisors LP now owns 1,373,511 shares of the oil and gas company’s stock worth $143,298,000 after purchasing an additional 922,316 shares during the period. 63.80% of the stock is owned by hedge funds and other institutional investors.
Shares of Chevron Corporation (NYSE:CVX) traded down $0.39 during midday trading on Friday, reaching $125.19. The company’s stock had a trading volume of 3,828,495 shares, compared to its average volume of 5,071,644. 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 Corporation has a one year low of $102.55 and a one year high of $126.20. The stock has a market capitalization of $238,523.38, a PE ratio of 36.50, a P/E/G ratio of 3.62 and a beta of 1.21.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Friday, November 17th were issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend was Thursday, November 16th. Chevron’s dividend payout ratio is presently 125.95%.
A number of research firms recently issued reports on CVX. Barclays raised shares of Chevron to an “overweight” rating in a research note on Wednesday, October 11th. Vetr lowered Chevron from a “buy” rating to a “hold” rating and set a $124.92 price objective on the stock. in a report on Monday, October 16th. Zacks Investment Research upgraded Chevron from a “hold” rating to a “buy” rating and set a $129.00 price objective on the stock in a report on Friday, November 17th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Chevron in a report on Saturday, September 16th. Finally, Cowen reiterated a “buy” rating and set a $122.00 price target on shares of Chevron in a report on Tuesday, September 19th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $125.15.
In other Chevron news, CFO Patricia E. Yarrington sold 13,143 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $115.01, for a total value of $1,511,576.43. Following the sale, the chief financial officer now owns 17,981 shares of the company’s stock, valued at $2,067,994.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP R. Hewitt Pate sold 25,500 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $120.00, for a total value of $3,060,000.00. Following the completion of the sale, the vice president now directly owns 25,500 shares in the company, valued at approximately $3,060,000. The disclosure for this sale can be found here. Insiders have sold 314,000 shares of company stock worth $36,540,822 in the last ninety days. 0.38% of the stock is currently owned by corporate insiders.
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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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