Aull & Monroe Investment Management Corp Has $3.85 Million Holdings in Chevron Corporation (CVX)

Aull & Monroe Investment Management Corp trimmed its position in shares of Chevron Corporation (NYSE:CVX) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,906 shares of the oil and gas company’s stock after selling 100 shares during the quarter. Chevron accounts for approximately 2.1% of Aull & Monroe Investment Management Corp’s portfolio, making the stock its 11th largest holding. Aull & Monroe Investment Management Corp’s holdings in Chevron were worth $3,850,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CVX. Cutler Investment Counsel LLC raised its stake in Chevron by 1.0% in the 2nd quarter. Cutler Investment Counsel LLC now owns 101,660 shares of the oil and gas company’s stock valued at $10,606,000 after acquiring an additional 1,040 shares during the period. Aureus Asset Management LLC increased its position in shares of Chevron by 94.2% during the second quarter. Aureus Asset Management LLC now owns 5,445 shares of the oil and gas company’s stock valued at $568,000 after buying an additional 2,641 shares during the period. Numeric Investors LLC increased its position in shares of Chevron by 158.4% during the second quarter. Numeric Investors LLC now owns 52,200 shares of the oil and gas company’s stock valued at $5,446,000 after buying an additional 32,000 shares during the period. Brandywine Global Investment Management LLC increased its position in shares of Chevron by 7.7% during the second quarter. Brandywine Global Investment Management LLC now owns 1,810,245 shares of the oil and gas company’s stock valued at $188,863,000 after buying an additional 129,566 shares during the period. Finally, Zacks Investment Management increased its position in shares of Chevron by 0.7% during the second quarter. Zacks Investment Management now owns 541,890 shares of the oil and gas company’s stock valued at $56,535,000 after buying an additional 3,680 shares during the period. 63.93% of the stock is currently owned by hedge funds and other institutional investors.

Chevron Corporation (NYSE:CVX) opened at $119.92 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $227,772.92, a price-to-earnings ratio of 33.59, a price-to-earnings-growth ratio of 3.97 and a beta of 1.21. Chevron Corporation has a twelve month low of $102.55 and a twelve month high of $122.30.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. The business had revenue of $36.21 billion during the quarter, compared to the consensus estimate of $34.06 billion. Chevron had a return on equity of 4.59% and a net margin of 4.79%. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 earnings per share. equities analysts forecast that Chevron Corporation will post 4.32 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 17th will be paid a $1.08 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.60%. Chevron’s dividend payout ratio is currently 125.95%.

In other news, insider Pierre R. Breber sold 23,250 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $119.00, for a total value of $2,766,750.00. Following the sale, the insider now directly owns 42,182 shares of the company’s stock, valued at $5,019,658. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Michael K. Wirth sold 110,771 shares of the stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $116.17, for a total value of $12,868,267.07. Following the sale, the executive vice president now directly owns 110,771 shares in the company, valued at $12,868,267.07. The disclosure for this sale can be found here. Over the last three months, insiders sold 314,000 shares of company stock worth $36,540,822. Insiders own 0.38% of the company’s stock.

CVX has been the subject of several recent analyst reports. TheStreet raised Chevron from a “c+” rating to a “b” rating in a report on Monday, October 23rd. Jefferies Group set a $130.00 price objective on Chevron and gave the stock a “buy” rating in a report on Tuesday, August 29th. Piper Jaffray Companies set a $119.00 price objective on Chevron and gave the stock a “buy” rating in a report on Friday, August 25th. Credit Suisse Group set a $123.00 price objective on Chevron and gave the stock a “buy” rating in a report on Friday, August 25th. Finally, Goldman Sachs Group reissued a “buy” rating and set a $123.00 price objective (up previously from $118.00) on shares of Chevron in a report on Tuesday, September 19th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Chevron currently has an average rating of “Hold” and a consensus target price of $121.22.

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Chevron 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 (NYSE:CVX)

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