Chevron Co. (NYSE:CVX) Shares Bought by Bar Harbor Trust Services

Bar Harbor Trust Services lifted its stake in Chevron Co. (NYSE:CVX) by 5.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,988 shares of the oil and gas company’s stock after acquiring an additional 775 shares during the period. Bar Harbor Trust Services’ holdings in Chevron were worth $1,570,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Chevron during the second quarter valued at approximately $30,000. Horan Securities Inc. lifted its stake in Chevron by 196.0% during the second quarter. Horan Securities Inc. now owns 296 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 196 shares during the last quarter. Bradley & Co. Private Wealth Management LLC acquired a new stake in Chevron during the first quarter valued at approximately $31,000. Newton One Investments LLC acquired a new stake in Chevron during the second quarter valued at approximately $34,000. Finally, Lake Point Wealth Management acquired a new stake in Chevron during the second quarter valued at approximately $43,000. 65.78% of the stock is owned by institutional investors.

Shares of CVX traded down $0.01 during mid-day trading on Tuesday, hitting $94.77. 351,416 shares of the company’s stock were exchanged, compared to its average volume of 10,483,174. The firm has a fifty day moving average of $98.93 and a two-hundred day moving average of $103.37. Chevron Co. has a twelve month low of $65.16 and a twelve month high of $113.11. The stock has a market cap of $183.28 billion, a price-to-earnings ratio of 50.68, a P/E/G ratio of 2.85 and a beta of 1.32. The company has a quick ratio of 0.95, a current ratio of 1.17 and a debt-to-equity ratio of 0.30.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Thursday, July 29th. The oil and gas company reported $1.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.12. Chevron had a net margin of 3.01% and a return on equity of 3.89%. The company had revenue of $37.60 billion for the quarter, compared to analyst estimates of $35.98 billion. During the same quarter in the prior year, the business posted ($1.59) EPS. Chevron’s quarterly revenue was up 169.5% on a year-over-year basis. On average, equities analysts predict that Chevron Co. will post 6.74 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 10th. Investors of record on Thursday, August 19th were issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 5.66%. The ex-dividend date of this dividend was Wednesday, August 18th. Chevron’s dividend payout ratio is currently -2,680.00%.

Several analysts recently commented on the stock. BMO Capital Markets assumed coverage on shares of Chevron in a research note on Monday, July 12th. They set an “outperform” rating and a $123.00 target price for the company. TheStreet raised shares of Chevron from a “c” rating to a “b-” rating in a research note on Friday, July 30th. DZ Bank lowered shares of Chevron from a “buy” rating to a “hold” rating and set a $110.00 price target on the stock. in a report on Wednesday, August 4th. JPMorgan Chase & Co. lowered shares of Chevron from an “overweight” rating to a “neutral” rating and cut their price target for the company from $128.00 to $111.00 in a report on Wednesday, September 15th. Finally, Mizuho boosted their price target on shares of Chevron from $127.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, July 7th. Eleven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $118.29.

Chevron Profile

Chevron Corp. engages in the provision of administrative, financial management, and technology support for energy and chemical operations. It operates through the Upstream and Downstream segments. The Upstream segment consists of exploration, development, and production of crude oil and natural gas; liquefaction, transportation, and regasification associated with liquefied natural gas; transporting crude oil by major international oil export pipelines; processing, transporting, storage, and marketing of natural gas; and a gas-to-liquids plant.

Further Reading: Earnings Reports

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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