Edmond DE Rothschild Holding S.A. increased its stake in shares of Chevron Corporation (NYSE:CVX) by 5.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 752,055 shares of the oil and gas company’s stock after buying an additional 38,170 shares during the period. Chevron Corporation comprises approximately 2.1% of Edmond DE Rothschild Holding S.A.’s holdings, making the stock its 7th largest position. Edmond DE Rothschild Holding S.A.’s holdings in Chevron Corporation were worth $80,748,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Ancora Advisors LLC boosted its position in Chevron Corporation by 296.9% in the fourth quarter. Ancora Advisors LLC now owns 71,844 shares of the oil and gas company’s stock valued at $8,456,000 after buying an additional 53,743 shares in the last quarter. Seven Eight Capital LP bought a new position in Chevron Corporation during the fourth quarter valued at approximately $2,019,000. GLG LLC boosted its position in Chevron Corporation by 6.8% in the fourth quarter. GLG LLC now owns 104,962 shares of the oil and gas company’s stock valued at $12,354,000 after buying an additional 6,672 shares in the last quarter. STA Wealth Management LLC boosted its position in Chevron Corporation by 42.5% in the fourth quarter. STA Wealth Management LLC now owns 3,843 shares of the oil and gas company’s stock valued at $453,000 after buying an additional 1,146 shares in the last quarter. Finally, NWQ Investment Management Company LLC bought a new position in Chevron Corporation during the fourth quarter valued at approximately $219,000. Institutional investors and hedge funds own 62.58% of the company’s stock.

Shares of Chevron Corporation (NYSE:CVX) traded up 0.10% on Thursday, hitting $111.00. 992,758 shares of the stock were exchanged. Chevron Corporation has a one year low of $97.53 and a one year high of $119.00. The firm has a market capitalization of $210.35 billion, a PE ratio of 35.99 and a beta of 1.23. The company has a 50-day moving average price of $105.71 and a 200-day moving average price of $107.78.

Chevron Corporation (NYSE:CVX) last posted its earnings results on Friday, July 28th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.02. The company had revenue of $34.48 billion during the quarter, compared to analysts’ expectations of $32.77 billion. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. Chevron Corporation’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.78) EPS. Equities research analysts expect that Chevron Corporation will post $3.80 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 18th will be paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Wednesday, August 16th. Chevron Corporation’s dividend payout ratio is presently 140.26%.

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Several research firms have recently commented on CVX. Zacks Investment Research upgraded shares of Chevron Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Piper Jaffray Companies restated a “buy” rating on shares of Chevron Corporation in a report on Thursday, August 3rd. BNP Paribas upgraded shares of Chevron Corporation from an “underperform” rating to a “neutral” rating and set a $105.00 price target on the stock in a report on Monday. BidaskClub upgraded shares of Chevron Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, TheStreet cut shares of Chevron Corporation from a “b” rating to a “c+” rating in a report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $116.18.

In other news, insider James William Johnson sold 31,000 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $110.68, for a total transaction of $3,431,080.00. Following the completion of the sale, the insider now owns 11,000 shares in the company, valued at approximately $1,217,480. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Patricia E. Yarrington sold 39,000 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $111.00, for a total transaction of $4,329,000.00. Following the sale, the chief financial officer now owns 43,838 shares of the company’s stock, valued at approximately $4,866,018. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.

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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