Schroder Investment Management Group raised its stake in shares of Chevron Co. (NYSE:CVX) by 56.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,120,636 shares of the oil and gas company’s stock after acquiring an additional 761,689 shares during the period. Schroder Investment Management Group’s holdings in Chevron were worth $249,429,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Chevron by 2.9% during the second quarter. Vanguard Group Inc. now owns 139,626,287 shares of the oil and gas company’s stock valued at $14,567,210,000 after acquiring an additional 3,920,240 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Chevron by 1.6% in the second quarter. BlackRock Inc. now owns 124,678,992 shares of the oil and gas company’s stock valued at $13,007,759,000 after purchasing an additional 1,975,865 shares in the last quarter. Capital World Investors grew its holdings in shares of Chevron by 9.8% in the second quarter. Capital World Investors now owns 35,546,848 shares of the oil and gas company’s stock valued at $3,708,603,000 after purchasing an additional 3,182,250 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Chevron by 0.6% in the second quarter. Northern Trust Corp now owns 26,153,161 shares of the oil and gas company’s stock valued at $2,728,558,000 after purchasing an additional 157,021 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Chevron by 0.3% in the second quarter. Franklin Resources Inc. now owns 15,609,647 shares of the oil and gas company’s stock valued at $1,628,554,000 after purchasing an additional 49,083 shares in the last quarter. Institutional investors and hedge funds own 63.72% of the company’s stock.

CVX has been the subject of a number of research reports. Jefferies Group restated a “buy” rating and issued a $137.00 price objective (up previously from $113.54) on shares of Chevron in a report on Monday, October 30th. Goldman Sachs Group cut shares of Chevron from a “conviction-buy” rating to a “buy” rating in a report on Monday, February 5th. Zacks Investment Research upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $131.00 price objective for the company in a report on Friday, November 10th. Citigroup lifted their price objective on shares of Chevron from $118.00 to $128.00 and gave the company a “buy” rating in a report on Monday, October 30th. Finally, HSBC cut shares of Chevron from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Chevron currently has an average rating of “Buy” and a consensus target price of $130.30.

In other news, CFO Patricia E. Yarrington sold 13,143 shares of Chevron stock in a transaction on 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 transaction, the chief financial officer now directly owns 17,981 shares of the company’s stock, valued at approximately $2,067,994.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Pierre R. Breber sold 23,250 shares of Chevron stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $119.00, for a total transaction of $2,766,750.00. Following the completion of the transaction, the insider now directly owns 42,182 shares in the company, valued at $5,019,658. The disclosure for this sale can be found here. Insiders sold a total of 264,021 shares of company stock worth $30,619,037 over the last ninety days. Corporate insiders own 0.38% of the company’s stock.

Chevron Co. (CVX) opened at $113.50 on Monday. The company has a market cap of $215,578.94, a price-to-earnings ratio of 27.82, a PEG ratio of 2.23 and a beta of 1.15. Chevron Co. has a 1-year low of $102.55 and a 1-year high of $133.88. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 0.84.

Chevron (NYSE:CVX) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.54). The business had revenue of $37.62 billion during the quarter, compared to analyst estimates of $38.43 billion. Chevron had a net margin of 6.49% and a return on equity of 5.23%. The business’s revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.22 earnings per share. analysts predict that Chevron Co. will post 6.36 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Friday, February 16th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.95%. This is a boost from Chevron’s previous quarterly dividend of $1.08. The ex-dividend date is Thursday, February 15th. Chevron’s payout ratio is presently 89.07%.

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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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