Chevron Corporation (CVX) Stake Boosted by Robshaw & Julian Associates Inc.

Robshaw & Julian Associates Inc. increased its stake in shares of Chevron Corporation (NYSE:CVX) by 0.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 73,869 shares of the oil and gas company’s stock after purchasing an additional 550 shares during the quarter. Chevron Corporation accounts for 4.8% of Robshaw & Julian Associates Inc.’s holdings, making the stock its 2nd biggest holding. Robshaw & Julian Associates Inc.’s holdings in Chevron Corporation were worth $6,749,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. North Point Portfolio Managers Corp OH grew its position in Chevron Corporation by 3.5% in the 1st quarter. North Point Portfolio Managers Corp OH now owns 2,975 shares of the oil and gas company’s stock valued at $319,000 after acquiring an additional 100 shares during the last quarter. Crossvault Capital Management LLC grew its position in Chevron Corporation by 1.0% in the 1st quarter. Crossvault Capital Management LLC now owns 19,691 shares of the oil and gas company’s stock valued at $2,114,000 after acquiring an additional 200 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Chevron Corporation by 7.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 504,112 shares of the oil and gas company’s stock valued at $54,127,000 after acquiring an additional 36,257 shares during the last quarter. Polaris Greystone Financial Group LLC grew its position in Chevron Corporation by 3.3% in the 1st quarter. Polaris Greystone Financial Group LLC now owns 9,448 shares of the oil and gas company’s stock valued at $1,014,000 after acquiring an additional 300 shares during the last quarter. Finally, 1ST Source Bank grew its position in Chevron Corporation by 1.2% in the 1st quarter. 1ST Source Bank now owns 72,009 shares of the oil and gas company’s stock valued at $7,732,000 after acquiring an additional 840 shares during the last quarter. 63.03% of the stock is currently owned by hedge funds and other institutional investors.

Chevron Corporation (CVX) opened at $114.71 on Friday. Chevron Corporation has a 1 year low of $102.55 and a 1 year high of $120.89. The stock has a market capitalization of $217,877.19, a PE ratio of 32.13, a P/E/G ratio of 3.83 and a beta of 1.22. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.04.

Chevron Corporation (NYSE:CVX) last announced its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. The business had revenue of $36.21 billion for the quarter, compared to analyst estimates of $34.06 billion. Chevron Corporation had a return on equity of 4.59% and a net margin of 4.79%. The company’s revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.68 earnings per share. equities analysts predict that Chevron Corporation will post 4.28 earnings per share for the current fiscal year.

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

In other news, VP R. Hewitt Pate sold 25,500 shares of the stock in a transaction dated 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 transaction, the vice president now directly owns 25,500 shares of the company’s stock, valued at $3,060,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Patricia E. Yarrington sold 13,143 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $115.01, for a total value of $1,511,576.43. Following the completion of the transaction, the chief financial officer now directly owns 17,981 shares in the company, valued at $2,067,994.81. The disclosure for this sale can be found here. Over the last three months, insiders bought 41,000 shares of company stock worth $5,420 and sold 63,122 shares worth $7,433,361. 0.38% of the stock is currently owned by corporate insiders.

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Several equities research analysts have weighed in on CVX shares. BMO Capital Markets cut Chevron Corporation from an “outperform” rating to a “market perform” rating and set a $120.00 target price for the company. in a report on Wednesday, October 18th. They noted that the move was a valuation call. Societe Generale cut Chevron Corporation from a “buy” rating to a “hold” rating and upped their target price for the stock from $120.00 to $130.00 in a report on Wednesday, October 18th. Morgan Stanley upped their target price on Chevron Corporation from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Vetr cut Chevron Corporation from a “buy” rating to a “hold” rating and set a $124.92 target price for the company. in a report on Monday, October 16th. Finally, Macquarie upgraded Chevron Corporation from a “neutral” rating to an “outperform” rating and set a $135.00 target price for the company in a report on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $120.54.

Chevron Corporation Company 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.

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

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