Chevron Corporation (CVX) Holdings Increased by Artemis Investment Management LLP

Artemis Investment Management LLP raised its holdings in shares of Chevron Corporation (NYSE:CVX) by 17.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,511 shares of the oil and gas company’s stock after acquiring an additional 3,630 shares during the period. Artemis Investment Management LLP’s holdings in Chevron were worth $2,558,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Swiss National Bank raised its stake in shares of Chevron by 3.4% in the 2nd quarter. Swiss National Bank now owns 6,953,823 shares of the oil and gas company’s stock worth $725,492,000 after buying an additional 227,700 shares in the last quarter. Front Barnett Associates LLC raised its stake in shares of Chevron by 0.8% in the 2nd quarter. Front Barnett Associates LLC now owns 102,187 shares of the oil and gas company’s stock worth $10,661,000 after buying an additional 795 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of Chevron by 59.9% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 26,067 shares of the oil and gas company’s stock worth $2,720,000 after buying an additional 9,761 shares in the last quarter. Chicago Equity Partners LLC raised its stake in shares of Chevron by 2.9% in the 2nd quarter. Chicago Equity Partners LLC now owns 167,395 shares of the oil and gas company’s stock worth $17,464,000 after buying an additional 4,730 shares in the last quarter. Finally, Commerce Bank raised its stake in shares of Chevron by 0.3% in the 2nd quarter. Commerce Bank now owns 978,884 shares of the oil and gas company’s stock worth $102,127,000 after buying an additional 2,585 shares in the last quarter. 63.93% of the stock is currently owned by hedge funds and other institutional investors.

Chevron Corporation (CVX) opened at $120.36 on Wednesday. Chevron Corporation has a twelve month low of $102.55 and a twelve month high of $122.30. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $229,520.33, a price-to-earnings ratio of 33.85, a PEG ratio of 3.94 and a beta of 1.21.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, October 27th. The oil and gas company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. Chevron had a return on equity of 4.59% and a net margin of 4.79%. The business had revenue of $36.21 billion for the quarter, compared to the consensus estimate of $34.06 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. Chevron’s revenue for the quarter was up 20.1% compared to the same quarter last year. analysts expect that Chevron Corporation will post 4.38 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 17th will be issued a dividend of $1.08 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.59%. Chevron’s dividend payout ratio is 125.95%.

In other news, VP R. Hewitt Pate sold 25,500 shares of Chevron stock in a transaction on Monday, October 16th. The stock was sold at an average price of $120.00, for a total transaction of $3,060,000.00. Following the transaction, the vice president now owns 25,500 shares in the company, valued at $3,060,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Patricia E. Yarrington sold 116,857 shares of Chevron stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $115.29, for a total value of $13,472,443.53. Following the transaction, the chief financial officer now owns 39,506 shares in the company, valued at approximately $4,554,646.74. The disclosure for this sale can be found here. Insiders have sold 314,000 shares of company stock worth $36,540,822 in the last quarter. 0.38% of the stock is currently owned by corporate insiders.

A number of brokerages have recently issued reports on CVX. Credit Suisse Group set a $123.00 target price on Chevron and gave the stock a “buy” rating in a research report on Friday, August 25th. Barclays raised Chevron to an “overweight” rating in a research report on Wednesday, October 11th. Vetr lowered Chevron from a “buy” rating to a “hold” rating and set a $124.92 target price on the stock. in a research report on Monday, October 16th. Zacks Investment Research raised Chevron from a “hold” rating to a “buy” rating and set a $129.00 target price on the stock in a research report on Friday, November 17th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of Chevron in a research report on Saturday, September 16th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the company. Chevron presently has an average rating of “Hold” and a consensus target price of $121.22.

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Chevron 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 (NYSE:CVX)

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