Chevron Corporation (NYSE:CVX), Zions Bancorp (NASDAQ:ZION)
- Author: Zachary Reyes Mar 03, 2017,
Mar 03, 2017, 2:22
In most recent quarter, LT Debt/Equity ratio was listed at 0.24 and Total Debt/Equity ratio was noted at 0.32. Institutional investors and hedge funds own 61.06% of the company's stock. Main Street Research LLC's holdings in Chevron were worth $11,701,000 at the end of the most recent reporting period. Radnor Capital Management LLC bought a new stake in Chevron during the fourth quarter valued at approximately $1,670,000.
The counter witnessed a trading volume of 7.33 million shares versus an average volume of 4.54 million shares during last trading session. LLC boosted its position in shares of Chevron by 115.6% in the second quarter. Calamos Wealth Management LLC now owns 40,254 shares of the company's stock worth $4,738,000 after buying an additional 1,108 shares during the last quarter. Vanguard Group Inc. now owns 124,845,759 shares of the company's stock worth $13,087,581,000 after buying an additional 2,824,724 shares during the last quarter.
The relative strength index or RSI highlights overbought (above 70) and oversold (below 30) areas. The stock has 52-week high of $119 and 52-week low of $83.37. The stock, after opening at $112.92, hit $113.88 through the close by scoring 1.23%. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 0.43% where SMA50 and SMA200 are -1.99% and 7.1% respectively.
The Company has 1903.20 million shares outstanding and 1885.12 million shares were floated in market.
Chevron Corporation (NYSE:CVX) is worth US$216.74 Billion and has recently risen 1.23% to US$113.88. The company reported its last quarter on Dec 16.
The stock was able to keep return on assets at 0.76% in the trailing twelve month while Reuters data showed that industry's average stands at 2.27% and sector's optimum level is 2.39%. The business earned $31.50 billion during the quarter, compared to analysts' expectations of $35.24 billion. The firm's quarterly revenue was up 7.7% compared to the same quarter previous year.
Chevron Corporation has a consensus outperform rating from 25 Wall Street analysts, and the number of shares now sold short amount to at least 1.3% of shares outstanding.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 10th. Winfield Associates Inc. boosted its position in shares of Chevron by 1.5% in the third quarter. The ex-dividend date is Tuesday, February 14th. This represents a $4.32 annualized dividend and a dividend yield of 3.92%. Chevron's dividend payout ratio (DPR) is presently -1,600.00%. (NYSE:CVX) opened at 111.75 on Tuesday. If you are reading this piece on another site, it was stolen and reposted in violation of U.S. & global copyright and trademark legislation. Goldman Sachs Group, Inc. Evercore ISI reiterated an "underweight" rating on shares of Chevron in a research note on Monday. The firm has price volatility of 3.68% for a week and 3.02% for a month. Finally, Zacks Investment Research downgraded Chevron from a buy rating to a hold rating in a research report on Wednesday, November 9th. Independent Research GmbH upgraded Chevron from a "hold" rating to a "buy" rating in a research report on Thursday, December 1st. Currently, the stock has a 1 Year Price Target of $126.04. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company's stock. The CVX ratings chart showed that 10 gave HOLD ratings for the current month as 2 analysts opting for Overweight option for same period, 2 analysts out of pool gave UNDERWEIGHT rating. Also, insider Pierre R. Breber sold 10,000 shares of the company's stock in a transaction on Thursday, November 17th. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.