American Assets Investment Management LLC held its stake in shares of Chevron Corporation (NYSE:CVX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,170 shares of the oil and gas company’s stock at the close of the 2nd quarter. Chevron Corporation accounts for 1.4% of American Assets Investment Management LLC’s holdings, making the stock its 15th largest position. American Assets Investment Management LLC’s holdings in Chevron Corporation were worth $6,591,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of CVX. Shine Investment Advisory Services Inc. bought a new stake in Chevron Corporation in the 2nd quarter worth approximately $106,000. Thompson Davis & CO. Inc. increased its stake in Chevron Corporation by 20.0% in the 1st quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock worth $123,000 after acquiring an additional 191 shares during the last quarter. Winfield Associates Inc. increased its stake in Chevron Corporation by 5.1% in the 2nd quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock worth $136,000 after acquiring an additional 63 shares during the last quarter. Daiwa SB Investments Ltd. increased its stake in Chevron Corporation by 438.5% in the 2nd quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after acquiring an additional 1,140 shares during the last quarter. Finally, New Capital Management LP increased its stake in Chevron Corporation by 0.3% in the 1st quarter. New Capital Management LP now owns 1,455 shares of the oil and gas company’s stock worth $156,000 after acquiring an additional 4 shares during the last quarter. 63.15% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This story was originally published by Watch List News and is the property of of Watch List News. If you are reading this story on another publication, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The correct version of this story can be read at https://www.watchlistnews.com/american-assets-investment-management-llc-maintains-position-in-chevron-corporation-cvx/1714953.html.

In other news, VP R. Hewitt Pate sold 25,500 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $120.00, for a total value of $3,060,000.00. Following the completion of the transaction, the vice president now directly owns 25,500 shares of the company’s stock, valued at approximately $3,060,000. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Vice Chairman Michael K. Wirth sold 1,229 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $118.00, for a total value of $145,022.00. Following the completion of the transaction, the insider now directly owns 1,229 shares of the company’s stock, valued at $145,022. The disclosure for this sale can be found here. Insiders sold a total of 63,122 shares of company stock valued at $7,433,361 over the last quarter. Company insiders own 0.38% of the company’s stock.

A number of analysts have issued reports on CVX shares. Morgan Stanley lifted their price objective on Chevron Corporation from $120.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. Barclays PLC lifted their price objective on Chevron Corporation from $120.00 to $130.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 10th. Piper Jaffray Companies set a $119.00 price objective on Chevron Corporation and gave the stock a “buy” rating in a research note on Friday, August 25th. Jefferies Group LLC set a $130.00 price objective on Chevron Corporation and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Finally, Scotiabank reaffirmed a “buy” rating on shares of Chevron Corporation in a research note on Friday, September 15th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the stock. Chevron Corporation presently has an average rating of “Buy” and an average target price of $120.54.

Shares of Chevron Corporation (CVX) opened at $114.71 on Monday. Chevron Corporation has a 1-year low of $102.55 and a 1-year high of $120.89. The firm has a market capitalization of $217,877.17, a price-to-earnings ratio of 32.13, a price-to-earnings-growth ratio of 3.83 and a beta of 1.22. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 0.84.

Chevron Corporation (NYSE:CVX) last issued its earnings results on Friday, October 27th. The oil and gas company reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.04. Chevron Corporation had a return on equity of 4.59% and a net margin of 4.79%. The business had revenue of $36.21 billion during the quarter, compared to analysts’ expectations of $34.06 billion. During the same period in the prior year, the business earned $0.68 EPS. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. sell-side analysts predict that Chevron Corporation will post 4.28 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 17th will be issued a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.77%. The ex-dividend date is Thursday, November 16th. Chevron Corporation’s dividend payout ratio is 125.95%.

Chevron Corporation Profile

Chevron Corporation (Chevron) 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 operates through two business segments: Upstream and Downstream.

Institutional Ownership by Quarter for Chevron Corporation (NYSE:CVX)

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