Rothschild Investment Corp IL Has $19.51 Million Stake in Chevron Co. (NYSE:CVX)

Rothschild Investment Corp IL lifted its holdings in shares of Chevron Co. (NYSE:CVXGet Rating) by 0.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 134,756 shares of the oil and gas company’s stock after acquiring an additional 748 shares during the quarter. Chevron makes up 1.8% of Rothschild Investment Corp IL’s portfolio, making the stock its 4th biggest position. Rothschild Investment Corp IL’s holdings in Chevron were worth $19,510,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CVX. Secure Asset Management LLC grew its stake in Chevron by 15.7% in the first quarter. Secure Asset Management LLC now owns 4,382 shares of the oil and gas company’s stock worth $713,000 after purchasing an additional 593 shares during the period. S.C. Financial Services Inc. grew its stake in Chevron by 12.3% in the second quarter. S.C. Financial Services Inc. now owns 3,880 shares of the oil and gas company’s stock worth $562,000 after purchasing an additional 424 shares during the period. Guinness Atkinson Asset Management Inc grew its stake in Chevron by 26.4% in the first quarter. Guinness Atkinson Asset Management Inc now owns 6,346 shares of the oil and gas company’s stock worth $1,033,000 after purchasing an additional 1,326 shares during the period. Sound Income Strategies LLC grew its stake in Chevron by 15.9% in the second quarter. Sound Income Strategies LLC now owns 2,879 shares of the oil and gas company’s stock worth $417,000 after purchasing an additional 395 shares during the period. Finally, ACT Wealth Management LLC grew its stake in Chevron by 3.0% in the first quarter. ACT Wealth Management LLC now owns 4,781 shares of the oil and gas company’s stock worth $778,000 after purchasing an additional 140 shares during the period. Institutional investors own 69.30% of the company’s stock.

Chevron Stock Down 0.4 %

CVX stock opened at $156.28 on Wednesday. Chevron Co. has a fifty-two week low of $94.03 and a fifty-two week high of $182.40. The business’s 50-day moving average is $154.67 and its two-hundred day moving average is $160.43. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.11 and a current ratio of 1.31. The company has a market cap of $307.06 billion, a price-to-earnings ratio of 10.43, a P/E/G ratio of 0.60 and a beta of 1.15.

Chevron (NYSE:CVXGet Rating) last posted its earnings results on Friday, July 29th. The oil and gas company reported $5.82 earnings per share for the quarter, beating analysts’ consensus estimates of $4.66 by $1.16. Chevron had a return on equity of 19.73% and a net margin of 13.45%. The company had revenue of $68.76 billion for the quarter, compared to the consensus estimate of $57.69 billion. During the same quarter in the prior year, the company earned $1.71 earnings per share. Chevron’s revenue was up 82.9% on a year-over-year basis. As a group, analysts forecast that Chevron Co. will post 18.37 earnings per share for the current year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 19th were issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date was Thursday, August 18th. Chevron’s dividend payout ratio is 37.89%.

Insider Buying and Selling at Chevron

In other news, EVP James William Johnson sold 85,300 shares of the firm’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $164.01, for a total value of $13,990,053.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Wanda M. Austin sold 11,432 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $161.45, for a total value of $1,845,696.40. Following the transaction, the director now owns 3,560 shares of the company’s stock, valued at $574,762. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James William Johnson sold 85,300 shares of the firm’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $164.01, for a total value of $13,990,053.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 141,732 shares of company stock valued at $23,024,499. 0.32% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CVX shares. Citigroup reduced their price target on Chevron from $170.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 13th. Cowen increased their target price on Chevron from $119.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, August 15th. Societe Generale raised Chevron from a “hold” rating to a “buy” rating in a research note on Thursday, August 4th. Piper Sandler increased their target price on Chevron from $189.00 to $190.00 and gave the stock an “overweight” rating in a research note on Monday, September 12th. Finally, Cowen increased their target price on Chevron from $119.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, August 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $169.20.

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.

See Also

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.