CHURCHILL MANAGEMENT Corp Has $34.59 Million Stock Position in Chevron Co. (NYSE:CVX)

CHURCHILL MANAGEMENT Corp lifted its holdings in shares of Chevron Co. (NYSE:CVXGet Rating) by 3.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 212,449 shares of the oil and gas company’s stock after purchasing an additional 6,880 shares during the quarter. Chevron makes up about 0.6% of CHURCHILL MANAGEMENT Corp’s holdings, making the stock its 21st biggest position. CHURCHILL MANAGEMENT Corp’s holdings in Chevron were worth $34,593,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Joseph Group Capital Management acquired a new position in shares of Chevron during the 4th quarter worth $1,105,000. Avondale Wealth Management acquired a new position in shares of Chevron during the 4th quarter worth $26,000. Rational Advisors LLC increased its stake in shares of Chevron by 116.3% during the 4th quarter. Rational Advisors LLC now owns 225 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 121 shares during the last quarter. Curi Wealth Management LLC acquired a new position in shares of Chevron during the 4th quarter worth $30,000. Finally, Advocacy Wealth Management Services LLC increased its stake in shares of Chevron by 30.7% during the 1st quarter. Advocacy Wealth Management Services LLC now owns 294 shares of the oil and gas company’s stock worth $48,000 after purchasing an additional 69 shares during the last quarter. Institutional investors own 65.89% of the company’s stock.

NYSE:CVX opened at $147.87 on Thursday. The company has a 50-day moving average of $167.41 and a 200-day moving average of $149.45. The company has a market capitalization of $290.54 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 0.67 and a beta of 1.09. Chevron Co. has a 52 week low of $92.86 and a 52 week high of $182.40. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.22 and a current ratio of 1.43.

Chevron (NYSE:CVXGet Rating) last released its quarterly earnings data on Friday, April 29th. The oil and gas company reported $3.36 EPS for the quarter, missing analysts’ consensus estimates of $3.44 by ($0.08). The business had revenue of $54.37 billion for the quarter, compared to the consensus estimate of $54.96 billion. Chevron had a return on equity of 14.66% and a net margin of 11.10%. Chevron’s revenue was up 69.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.90 earnings per share. Sell-side analysts forecast that Chevron Co. will post 17.5 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Thursday, May 19th were given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend was Wednesday, May 18th. Chevron’s dividend payout ratio (DPR) is currently 53.38%.

CVX has been the topic of several analyst reports. Barclays increased their price target on shares of Chevron from $183.00 to $196.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 31st. Citigroup upped their price objective on shares of Chevron from $160.00 to $170.00 and gave the stock a “neutral” rating in a report on Thursday, May 19th. DZ Bank raised shares of Chevron from a “hold” rating to a “buy” rating and set a $167.00 price objective for the company in a report on Wednesday, March 2nd. Raymond James upped their price objective on shares of Chevron from $173.00 to $191.00 and gave the stock an “outperform” rating in a report on Monday, April 18th. Finally, Royal Bank of Canada downgraded shares of Chevron from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from $160.00 to $165.00 in a report on Thursday, April 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $169.57.

In other Chevron news, Director Wanda M. Austin sold 12,039 shares of the firm’s stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $177.29, for a total value of $2,134,394.31. Following the completion of the sale, the director now owns 3,543 shares in the company, valued at approximately $628,138.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James William Johnson sold 55,600 shares of the firm’s stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $165.94, for a total transaction of $9,226,264.00. Following the completion of the sale, the executive vice president now owns 1,243 shares of the company’s stock, valued at approximately $206,263.42. The disclosure for this sale can be found here. Insiders have sold a total of 561,726 shares of company stock valued at $94,057,396 in the last quarter. 0.32% of the stock is currently owned by corporate insiders.

Chevron Company Profile (Get Rating)

Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. 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 associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

Further Reading

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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