S. R. Schill & Associates Buys 449 Shares of Chevron Co. (NYSE:CVX)

S. R. Schill & Associates increased its stake in shares of Chevron Co. (NYSE:CVXGet Rating) by 8.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,054 shares of the oil and gas company’s stock after purchasing an additional 449 shares during the quarter. Chevron comprises about 0.4% of S. R. Schill & Associates’ portfolio, making the stock its 25th biggest position. S. R. Schill & Associates’ holdings in Chevron were worth $986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Your Advocates Ltd. LLP bought a new position in Chevron in the first quarter valued at approximately $25,000. Rational Advisors LLC boosted its stake in Chevron by 116.3% in the fourth quarter. Rational Advisors LLC now owns 225 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 121 shares during the last quarter. Curi Wealth Management LLC bought a new position in Chevron in the fourth quarter valued at approximately $30,000. Joseph P. Lucia & Associates LLC bought a new position in Chevron in the first quarter valued at approximately $30,000. Finally, Landmark Wealth Management LLC bought a new position in Chevron in the first quarter valued at approximately $34,000. 65.89% of the stock is owned by institutional investors.

Chevron Trading Up 1.7 %

Shares of NYSE:CVX opened at $153.64 on Friday. Chevron Co. has a 12 month low of $92.86 and a 12 month high of $182.40. The company has a quick ratio of 1.22, a current ratio of 1.43 and a debt-to-equity ratio of 0.20. The company’s fifty day simple moving average is $154.37 and its 200 day simple moving average is $155.35. The firm has a market cap of $301.87 billion, a price-to-earnings ratio of 10.25, a PEG ratio of 0.61 and a beta of 1.15.

Chevron (NYSE:CVXGet Rating) last posted its quarterly earnings data on Friday, July 29th. The oil and gas company reported $5.82 EPS for the quarter, topping analysts’ consensus estimates of $4.66 by $1.16. Chevron had a net margin of 13.45% and a return on equity of 20.19%. The company had revenue of $68.76 billion during the quarter, compared to the consensus estimate of $57.69 billion. During the same period in the prior year, the business posted $1.71 EPS. The company’s quarterly revenue was up 82.9% on a year-over-year basis. As a group, research analysts forecast that Chevron Co. will post 17.51 EPS for the current fiscal year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 12th. Investors of record on Friday, August 19th will be issued a dividend of $1.42 per share. The ex-dividend date is Thursday, August 18th. This represents a $5.68 annualized dividend and a yield of 3.70%. Chevron’s payout ratio is presently 37.89%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CVX. Royal Bank of Canada cut shares of Chevron from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from $160.00 to $165.00 in a research note on Thursday, April 21st. Raymond James raised their price objective on shares of Chevron from $173.00 to $191.00 and gave the company an “outperform” rating in a research note on Monday, April 18th. Societe Generale raised shares of Chevron from a “hold” rating to a “buy” rating in a research note on Thursday. Cowen cut their target price on shares of Chevron from $179.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, July 1st. Finally, Barclays increased their target price on shares of Chevron from $183.00 to $196.00 and gave the stock an “overweight” rating in a report on Tuesday, May 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Chevron has an average rating of “Moderate Buy” and an average target price of $173.00.

Insider Buying and Selling

In related news, Director Wanda M. Austin sold 11,432 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $161.45, for a total transaction of $1,845,696.40. Following the sale, the director now owns 3,560 shares in the company, valued at $574,762. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Mark A. Nelson sold 117,400 shares of the company’s stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $159.47, for a total transaction of $18,721,778.00. Following the sale, the executive vice president now owns 788 shares in the company, valued at $125,662.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Wanda M. Austin sold 11,432 shares of the company’s stock in a transaction dated 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 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. Over the last quarter, insiders have sold 399,043 shares of company stock worth $67,010,843. Corporate 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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