Rothschild Investment Corp IL reduced its position in shares of Chevron Co. (NYSE:CVX) by 41.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,128 shares of the oil and gas company’s stock after selling 15,675 shares during the quarter. Rothschild Investment Corp IL’s holdings in Chevron were worth $2,798,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CVX. Stellar Capital Management LLC grew its stake in shares of Chevron by 1.9% in the first quarter. Stellar Capital Management LLC now owns 21,011 shares of the oil and gas company’s stock valued at $2,397,000 after acquiring an additional 401 shares in the last quarter. South Street Advisors LLC grew its stake in shares of Chevron by 5.1% in the first quarter. South Street Advisors LLC now owns 8,490 shares of the oil and gas company’s stock valued at $968,000 after acquiring an additional 410 shares in the last quarter. Chase Investment Counsel Corp grew its stake in shares of Chevron by 25.4% in the first quarter. Chase Investment Counsel Corp now owns 2,074 shares of the oil and gas company’s stock valued at $236,000 after acquiring an additional 420 shares in the last quarter. Concentric Wealth Management LLC grew its stake in shares of Chevron by 1.9% in the first quarter. Concentric Wealth Management LLC now owns 23,656 shares of the oil and gas company’s stock valued at $2,698,000 after acquiring an additional 432 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. grew its stake in shares of Chevron by 0.9% in the first quarter. Cornercap Investment Counsel Inc. now owns 49,002 shares of the oil and gas company’s stock valued at $5,588,000 after acquiring an additional 440 shares in the last quarter. 64.77% of the stock is currently owned by hedge funds and other institutional investors.

CVX has been the topic of several research reports. Wells Fargo & Co upped their price target on shares of Chevron from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, June 7th. Mizuho initiated coverage on shares of Chevron in a research note on Friday, June 8th. They issued a “buy” rating and a $145.00 price target on the stock. Zacks Investment Research upgraded shares of Chevron from a “hold” rating to a “strong-buy” rating and set a $147.00 price target on the stock in a research note on Wednesday, June 13th. Raymond James upgraded shares of Chevron from a “market perform” rating to an “outperform” rating in a research note on Monday, June 18th. Finally, Royal Bank of Canada reiterated a “neutral” rating and set a $145.00 price objective on shares of Chevron in a research note on Monday, July 2nd. Nine analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $138.42.

CVX stock opened at $121.13 on Monday. The stock has a market capitalization of $232.10 billion, a PE ratio of 32.74, a P/E/G ratio of 2.13 and a beta of 1.07. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.08 and a quick ratio of 0.87. Chevron Co. has a 12 month low of $108.02 and a 12 month high of $133.88.

Chevron (NYSE:CVX) last posted its earnings results on Friday, July 27th. The oil and gas company reported $1.78 EPS for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.31). The company had revenue of $42.24 billion during the quarter, compared to the consensus estimate of $46.62 billion. Chevron had a return on equity of 6.89% and a net margin of 7.87%. The firm’s revenue was up 22.5% compared to the same quarter last year. During the same period last year, the company posted $0.77 EPS. analysts anticipate that Chevron Co. will post 8.11 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Friday, August 17th were issued a $1.12 dividend. The ex-dividend date was Thursday, August 16th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.70%. Chevron’s dividend payout ratio (DPR) is currently 121.08%.

In other news, insider James William Johnson sold 4,750 shares of the stock in a transaction dated Thursday, July 12th. The shares were sold at an average price of $124.20, for a total value of $589,950.00. Following the completion of the transaction, the insider now owns 4,750 shares of the company’s stock, valued at $589,950. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

Chevron Company Profile

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production 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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