Chevron Co. (NYSE:CVX) Shares Purchased by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. increased its stake in shares of Chevron Co. (NYSE:CVXGet Rating) by 10.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,587 shares of the oil and gas company’s stock after purchasing an additional 3,431 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Chevron were worth $5,442,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CVX. Gotham Asset Management LLC lifted its holdings in Chevron by 143.9% during the 4th quarter. Gotham Asset Management LLC now owns 38,937 shares of the oil and gas company’s stock worth $4,569,000 after buying an additional 22,974 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Chevron by 2.5% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 40,143 shares of the oil and gas company’s stock worth $4,711,000 after buying an additional 977 shares during the last quarter. Blair William & Co. IL lifted its holdings in Chevron by 22.0% during the 4th quarter. Blair William & Co. IL now owns 583,768 shares of the oil and gas company’s stock worth $68,505,000 after buying an additional 105,246 shares during the last quarter. Clearstead Advisors LLC lifted its holdings in Chevron by 1.9% during the 4th quarter. Clearstead Advisors LLC now owns 36,104 shares of the oil and gas company’s stock worth $4,237,000 after buying an additional 661 shares during the last quarter. Finally, Summit Global Investments lifted its holdings in Chevron by 19.3% during the 4th quarter. Summit Global Investments now owns 86,168 shares of the oil and gas company’s stock worth $10,112,000 after buying an additional 13,934 shares during the last quarter. 69.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on CVX. Credit Suisse Group reaffirmed an “outperform” rating and set a $202.00 price target on shares of Chevron in a report on Thursday, August 11th. Citigroup reduced their target price on Chevron from $170.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, July 13th. The Goldman Sachs Group reissued a “neutral” rating and issued a $172.00 target price on shares of Chevron in a report on Thursday, August 4th. Wells Fargo & Company boosted their target price on Chevron from $181.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, August 1st. Finally, Cowen boosted their target price on Chevron from $119.00 to $120.00 and gave the company an “outperform” rating in a report on Monday, August 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Chevron presently has a consensus rating of “Moderate Buy” and an average target price of $169.20.

Chevron Stock Down 0.8 %

CVX opened at $155.01 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.31 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average price of $155.36 and a two-hundred day moving average price of $160.36. Chevron Co. has a 52 week low of $96.24 and a 52 week high of $182.40. The company has a market cap of $304.57 billion, a PE ratio of 10.34, a P/E/G ratio of 0.61 and a beta of 1.15.

Chevron (NYSE:CVXGet Rating) last released its earnings results on Friday, July 29th. The oil and gas company reported $5.82 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $57.69 billion. During the same quarter in the previous year, the firm posted $1.71 EPS. The firm’s quarterly revenue was up 82.9% on a year-over-year basis. As a group, research analysts anticipate that Chevron Co. will post 18.37 EPS for the current year.

Chevron Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 19th were given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 3.66%. The ex-dividend date was Thursday, August 18th. Chevron’s payout ratio is 37.89%.

Insiders Place Their Bets

In other Chevron news, EVP James William Johnson sold 85,300 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $164.01, for a total transaction of $13,990,053.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Chevron news, EVP James William Johnson sold 85,300 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $164.01, for a total transaction of $13,990,053.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Wanda M. Austin sold 11,432 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the director now owns 3,560 shares in the company, valued at approximately $574,762. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 141,732 shares of company stock worth $23,024,499. Company insiders own 0.32% of the company’s stock.

Chevron Company Profile

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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.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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