Park Place Capital Corp cut its stake in Chevron Co. (NYSE:CVX – Free Report) by 9.4% during the 4th quarter, HoldingsChannel reports. The fund owned 5,139 shares of the oil and gas company’s stock after selling 531 shares during the period. Park Place Capital Corp’s holdings in Chevron were worth $744,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Rational Advisors LLC bought a new position in Chevron during the third quarter worth $29,000. Legacy Investment Solutions LLC acquired a new position in Chevron during the 3rd quarter valued at about $29,000. Darwin Wealth Management LLC acquired a new position in shares of Chevron during the third quarter worth approximately $30,000. RPg Family Wealth Advisory LLC bought a new position in shares of Chevron in the third quarter worth $31,000. Finally, Krane Funds Advisors LLC bought a new position in Chevron in the 3rd quarter valued at about $47,000. Institutional investors own 72.42% of the company’s stock.
Insider Buying and Selling at Chevron
In other news, CEO Michael K. Wirth sold 164,600 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $160.13, for a total value of $26,357,398.00. Following the transaction, the chief executive officer now directly owns 4,280 shares of the company’s stock, valued at $685,356.40. The trade was a 97.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.20% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on CVX
Chevron Trading Down 0.3 %
Shares of Chevron stock opened at $155.99 on Friday. The company’s fifty day simple moving average is $154.05 and its 200-day simple moving average is $151.11. Chevron Co. has a 1 year low of $135.37 and a 1 year high of $167.11. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The company has a market cap of $280.32 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 1.39 and a beta of 1.12.
Chevron (NYSE:CVX – Get Free Report) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.04. The business had revenue of $50.67 billion for the quarter, compared to analysts’ expectations of $48.86 billion. Chevron had a return on equity of 13.15% and a net margin of 8.44%. Chevron’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $3.05 earnings per share. As a group, sell-side analysts expect that Chevron Co. will post 10.18 EPS for the current year.
Chevron Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were issued a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.18%. Chevron’s payout ratio is presently 71.65%.
About Chevron
Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.
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