Schroder Investment Management Group Increases Stake in Chevron Corporation (CVX)

Schroder Investment Management Group boosted its position in Chevron Corporation (NYSE:CVX) by 3.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,358,947 shares of the oil and gas company’s stock after acquiring an additional 50,077 shares during the period. Schroder Investment Management Group owned 0.07% of Chevron worth $141,494,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Shine Investment Advisory Services Inc. acquired a new stake in Chevron in the 2nd quarter valued at approximately $106,000. Thompson Davis & CO. Inc. boosted its stake in Chevron by 20.0% in the 1st quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock valued at $123,000 after purchasing an additional 191 shares during the period. Winfield Associates Inc. lifted its position in shares of Chevron by 5.1% during the 2nd quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock valued at $136,000 after acquiring an additional 63 shares during the period. Daiwa SB Investments Ltd. lifted its position in shares of Chevron by 438.5% during the 2nd quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock valued at $146,000 after acquiring an additional 1,140 shares during the period. Finally, New Capital Management LP lifted its position in shares of Chevron by 0.3% during the 1st quarter. New Capital Management LP now owns 1,455 shares of the oil and gas company’s stock valued at $156,000 after acquiring an additional 4 shares during the period. Institutional investors and hedge funds own 63.93% of the company’s stock.

In related news, VP R. Hewitt Pate sold 25,500 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $120.00, for a total value of $3,060,000.00. Following the completion of the transaction, the vice president now owns 25,500 shares of the company’s stock, valued at approximately $3,060,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Michael K. Wirth sold 1,229 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $118.00, for a total transaction of $145,022.00. Following the completion of the transaction, the insider now directly owns 1,229 shares of the company’s stock, valued at approximately $145,022. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 314,000 shares of company stock valued at $36,540,822. Company insiders own 0.38% of the company’s stock.

A number of equities analysts have issued reports on CVX shares. Royal Bank Of Canada set a $100.00 target price on Chevron and gave the stock a “sell” rating in a report on Friday, August 18th. Jefferies Group reiterated a “buy” rating and issued a $135.00 price target on shares of Chevron in a report on Wednesday, August 23rd. Credit Suisse Group set a $123.00 price objective on Chevron and gave the stock a “buy” rating in a research note on Friday, August 25th. Piper Jaffray Companies set a $119.00 price target on Chevron and gave the company a “buy” rating in a research report on Friday, August 25th. Finally, UBS set a $105.00 target price on Chevron and gave the stock a “neutral” rating in a research report on Wednesday, September 6th. Three 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’s stock. The company has an average rating of “Hold” and a consensus price target of $121.22.

Chevron Corporation (NYSE:CVX) traded down $0.78 during mid-day trading on Thursday, reaching $119.61. The company had a trading volume of 4,852,500 shares, compared to its average volume of 5,622,893. The company has a market cap of $228,665.63, a PE ratio of 33.72, a PEG ratio of 3.93 and a beta of 1.21. Chevron Corporation has a fifty-two week low of $102.55 and a fifty-two week high of $122.30. 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 released its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.04. The business had revenue of $36.21 billion for the quarter, compared to analysts’ expectations of $34.06 billion. Chevron had a return on equity of 4.59% and a net margin of 4.79%. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 EPS. analysts predict that Chevron Corporation will post 4.37 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 17th will be paid a dividend of $1.08 per share. The ex-dividend date is Thursday, November 16th. This represents a $4.32 dividend on an annualized basis and a yield of 3.61%. Chevron’s dividend payout ratio is presently 125.95%.

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About Chevron

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.

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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