Stocks
one8zero8 LLC Takes Stake in Chevron Corporation Amid Strong Quarterly Performance
one8zero8 LLC acquired a new stake in Chevron Corporation (NYSE:CVX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 15,092 shares of the oil and gas company's stock valued at approximately $2,502,000.
one8zero8 LLC is not the only institutional investor in Chevron; Global Retirement Partners LLC also bought a new stake in the company during the second quarter, worth around $14.3 million.
Chevron has been performing well, with its quarterly dividend of $1.78 per share scheduled for September 10th. The dividend represents an annualized payout of $7.12 and a yield of approximately 3.5%. Chevron's dividend payout ratio is currently at 68.26%.