Dividend Coverage: Can Chevron Corporation (NYSE:CVX) truly back claims of $1.08 dividends by Dec 12, 2016?

Dividend Coverage: Can Chevron Corporation (NYSE:CVX) truly back claims of $1.08 dividends by Dec 12, 2016?

Chevron Corporation (NYSE:CVX) is expected to pay $1.08 on Dec 12, 2016. The indicated annual dividend is $4.32. Shareholders owning the stock before Nov 16, 2016 will be eligible to receive the payout. Based on Chevron Corporation’s current price of $106.59, the dividend is 1.01%. This dividend’s record date is Nov 18, 2016 and the announcement date is Oct 27, 2016. The stock decreased 0.05% or $0.05 during the last trading session, hitting $106.59. Chevron Corporation (NYSE:CVX) has risen 9.21% since April 13, 2016 and is uptrending. It has outperformed by 5.28% the S&P500.

Chevron Corporation 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 has a market cap of $199.07 billion. The Firm operates through two business divisions: Upstream and Downstream. It currently has negative earnings. The Upstream segment consists primarily of exploring for, developing and producing natural gas and crude oil; transporting crude oil by international oil export pipelines; transporting, storage and marketing of natural gas, and a gas-to-liquids plant.

Insitutional Activity: The institutional sentiment decreased to 0.95 in 2016 Q2. Its down 0.27, from 1.22 in 2016Q1. The ratio turned negative, as 51 funds sold all Chevron Corporation shares owned while 677 reduced positions. 71 funds bought stakes while 624 increased positions. They now own 1.15 billion shares or 3.23% less from 1.18 billion shares in 2016Q1.
Oregon Public Employees Retirement Fund last reported 1.43% of its portfolio in the stock. Jupiter Asset Ltd has 0.6% invested in the company for 149,163 shares. Gamco Investors Incorporated Et Al reported 62,126 shares or 0.04% of all its holdings. Lafleur Godfrey Ltd Liability Corporation has 9,222 shares for 0.29% of their US portfolio. Athena Global Investors Ltd Liability has invested 5.46% of its portfolio in Chevron Corporation (NYSE:CVX). Clearbridge Invests Ltd Liability Company has 0.24% invested in the company for 1.97M shares. Great Lakes Advsr Limited Liability Corporation accumulated 517,013 shares or 1.48% of the stock. Lloyds Group Inc Public Ltd Co last reported 169 shares in the company. Neumann Cap Mgmt Ltd Company holds 2.15% or 30,959 shares in its portfolio. Signalpoint Asset Mgmt Lc owns 14,348 shares or 0.63% of their US portfolio. Howland Mgmt Ltd Llc, a Massachusetts-based fund reported 81,299 shares. Wfg Advsrs Lp last reported 1.62% of its portfolio in the stock. Bath Savings Tru last reported 0.57% of its portfolio in the stock. Cortland Advisers holds 6.94% or 1.88M shares in its portfolio. Parametric Port Assocs Limited Com accumulated 0.8% or 4.82 million shares.

Insider Transactions: Since August 1, 2016, the stock had 1 buying transaction, and 7 insider sales for $19.98 million net activity. $711,893 worth of Chevron Corporation (NYSE:CVX) was sold by Ourada Jeanette L on Thursday, August 25. Another trade for 125,000 shares valued at $12.56 million was sold by Wirth Michael K. On Friday, November 4 Breber Pierre R sold $315,750 worth of the stock or 3,000 shares. Another trade for 26,000 shares valued at $2.67 million was sold by Geagea Joseph C. 487 Chevron Corporation (NYSE:CVX) shares with value of $50,096 were bought by THULIN INGE G. On Thursday, November 3 the insider Deily Linnet F sold $593,387. JOHNSON JAMES WILLIAM sold $1.11M worth of stock or 10,945 shares.

Chevron Corporation (NYSE:CVX) Ratings Coverage

Out of 28 analysts covering Chevron Corporation (NYSE:CVX), 18 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 64% are positive. Chevron Corporation has been the topic of 51 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The company was maintained on Tuesday, January 12 by Barclays Capital. The rating was maintained by Jefferies on Monday, July 11 with “Buy”. The stock of Chevron Corporation (NYSE:CVX) earned “Neutral” rating by Credit Suisse on Wednesday, March 9. Tudor Pickering upgraded Chevron Corporation (NYSE:CVX) on Monday, September 21 to “Accumulate” rating. As per Monday, August 24, the company rating was upgraded by Bank of America. The stock of Chevron Corporation (NYSE:CVX) earned “Overweight” rating by PiperJaffray on Tuesday, August 9. The rating was upgraded by Argus Research on Wednesday, December 16 to “Buy”. The rating was downgraded by Simmons & Co to “Neutral” on Thursday, January 21. S&P Research downgraded the stock to “Hold” rating in Tuesday, August 4 report. The firm earned “Overweight” rating on Tuesday, December 15 by JP Morgan.

More news for Chevron Corporation (NYSE:CVX) were recently published by: Fool.com, which released: “Chevron Corporation Upgraded: 3 Things You Need to Know” on October 31, 2016. Investorplace.com‘s article titled: “Chevron Corporation (CVX) Stock Is a Clear-Cut Dividend Buy” and published on October 24, 2016 is yet another important article.

CVX Company Profile

Chevron Corporation (Chevron), incorporated on January 27, 1926, 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 fully integrated petroleum operations, chemicals operations, mining activities, power generation and energy services. Upstream activities consist primarily of exploring for, developing and producing natural gas and crude oil; processing, liquefaction, transportation and regasification associated with liquefied natural gas; transporting crude oil by international oil export pipelines; transporting, storage and marketing of natural gas, and a gas-to-liquids project. Downstream activities consist primarily of refining crude oil into petroleum products; marketing of crude oil and refined products; transporting crude oil and refined products by pipeline, marine vessel, motor equipment and rail car, and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses and fuel and lubricant additives.

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