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

S. R. Schill & Associates grew its position in Chevron Co. (NYSE:CVXGet Rating) by 8.0% in the first quarter, Holdings Channel reports. The fund owned 6,054 shares of the oil and gas company’s stock after acquiring an additional 449 shares during the quarter. Chevron accounts for 0.4% of S. R. Schill & Associates’ portfolio, making the stock its 25th largest holding. S. R. Schill & Associates’ holdings in Chevron were worth $986,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Your Advocates Ltd. LLP bought a new position in shares of Chevron in the 1st quarter valued at $25,000. Joseph P. Lucia & Associates LLC bought a new position in Chevron during the 1st quarter worth $30,000. Joseph Group Capital Management bought a new position in Chevron during the 4th quarter worth $1,105,000. Rational Advisors LLC raised its position in Chevron by 116.3% during the 4th quarter. Rational Advisors LLC now owns 225 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 121 shares during the last quarter. Finally, Steward Financial Group LLC raised its position in Chevron by 932.0% during the 1st quarter. Steward Financial Group LLC now owns 258 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 233 shares during the last quarter. 65.89% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Chevron

In other Chevron news, Director Wanda M. Austin sold 11,432 shares of Chevron 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 completion of the transaction, the director now owns 3,560 shares in the company, valued at approximately $574,762. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Chevron news, Director Wanda M. Austin sold 11,432 shares of Chevron 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 completion of the transaction, the director now owns 3,560 shares in the company, valued at approximately $574,762. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Wanda M. Austin sold 12,039 shares of the business’s stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $177.29, for a total value of $2,134,394.31. Following the completion of the transaction, the director now owns 3,543 shares in the company, valued at approximately $628,138.47. The disclosure for this sale can be found here. In the last quarter, insiders sold 399,043 shares of company stock worth $67,010,843. Insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Cowen lowered their target price on Chevron from $179.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, July 1st. Credit Suisse Group raised their target price on Chevron from $190.00 to $202.00 and gave the stock an “outperform” rating in a research report on Thursday, June 9th. Piper Sandler lowered their target price on Chevron from $213.00 to $189.00 and set an “overweight” rating for the company in a research report on Tuesday, July 19th. Morgan Stanley lifted their price objective on Chevron from $185.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 19th. Finally, Societe Generale raised Chevron from a “hold” rating to a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, Chevron presently has an average rating of “Moderate Buy” and a consensus price target of $173.00.

Chevron Stock Performance

Shares of CVX opened at $153.64 on Friday. The company has a market cap of $301.87 billion, a PE ratio of 10.25, a P/E/G ratio of 0.61 and a beta of 1.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.43 and a quick ratio of 1.22. Chevron Co. has a one year low of $92.86 and a one year high of $182.40. The stock has a 50-day moving average of $154.37 and a 200-day moving average of $155.35.

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

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 12th. Shareholders of record on Friday, August 19th will be paid a dividend of $1.42 per share. The ex-dividend date of this dividend is Thursday, August 18th. This represents a $5.68 dividend on an annualized basis and a yield of 3.70%. Chevron’s dividend payout ratio (DPR) is currently 37.89%.

About Chevron

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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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