Rathbone Brothers plc decreased its stake in shares of Chevron Co. (NYSE:CVX) by 3.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,848 shares of the oil and gas company’s stock after selling 2,703 shares during the quarter. Rathbone Brothers plc’s holdings in Chevron were worth $10,601,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Advisors Preferred LLC purchased a new stake in shares of Chevron in the 1st quarter valued at $110,000. Earnest Partners LLC purchased a new stake in shares of Chevron in the 4th quarter valued at $114,000. Virtue Capital Management LLC purchased a new stake in shares of Chevron in the 4th quarter valued at $128,000. Litman Gregory Asset Management LLC boosted its holdings in shares of Chevron by 566.9% in the 1st quarter. Litman Gregory Asset Management LLC now owns 1,147 shares of the oil and gas company’s stock valued at $131,000 after acquiring an additional 975 shares during the last quarter. Finally, Point72 Asia Hong Kong Ltd boosted its holdings in shares of Chevron by 20,716.7% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 1,249 shares of the oil and gas company’s stock valued at $142,000 after acquiring an additional 1,243 shares during the last quarter. Institutional investors and hedge funds own 65.02% of the company’s stock.

In related news, insider James William Johnson sold 4,750 shares of the stock in a transaction on Thursday, July 12th. The shares were sold at an average price of $124.20, for a total transaction of $589,950.00. Following the sale, the insider now directly owns 4,750 shares of the company’s stock, valued at $589,950. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.38% of the company’s stock.

Several analysts have recently commented on CVX shares. Goldman Sachs Group reaffirmed a “buy” rating and issued a $141.00 price objective on shares of Chevron in a report on Tuesday, July 31st. Mizuho started coverage on shares of Chevron in a report on Friday, June 8th. They issued a “buy” rating and a $145.00 price objective on the stock. Credit Suisse Group set a $132.00 price objective on shares of Chevron and gave the company a “hold” rating in a report on Sunday, July 1st. Zacks Investment Research downgraded shares of Chevron from a “buy” rating to a “hold” rating in a report on Monday, July 23rd. Finally, ValuEngine downgraded shares of Chevron from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Nine analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $138.34.

Shares of NYSE CVX opened at $115.23 on Friday. Chevron Co. has a 1 year low of $108.02 and a 1 year high of $133.88. The firm has a market cap of $227.87 billion, a P/E ratio of 21.86, a PEG ratio of 2.10 and a beta of 1.06. The company has a current ratio of 1.08, a quick ratio of 0.87 and a debt-to-equity ratio of 0.20.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, July 27th. The oil and gas company reported $1.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.09 by ($0.31). Chevron had a return on equity of 6.89% and a net margin of 7.87%. The firm had revenue of $42.24 billion for the quarter, compared to analysts’ expectations of $46.62 billion. During the same period last year, the company posted $0.77 earnings per share. The business’s quarterly revenue was up 22.5% on a year-over-year basis. research analysts anticipate that Chevron Co. will post 8.1 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 10th. Investors of record on Friday, August 17th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend is Thursday, August 16th. Chevron’s dividend payout ratio (DPR) is presently 121.08%.

Chevron Profile

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production 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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