Budros Ruhlin & Roe Inc. Sells 138 Shares of Chevron Corporation (CVX)

Budros Ruhlin & Roe Inc. reduced its position in Chevron Corporation (NYSE:CVX) by 5.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,367 shares of the oil and gas company’s stock after selling 138 shares during the quarter. Budros Ruhlin & Roe Inc.’s holdings in Chevron were worth $247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

In other news, VP R. Hewitt Pate sold 25,500 shares of the 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 sale, the vice president now owns 25,500 shares of the company’s stock, valued at $3,060,000. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Pierre R. Breber sold 23,250 shares of the 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 sale, the insider now directly owns 42,182 shares in the company, valued at approximately $5,019,658. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 314,000 shares of company stock worth $36,540,822. 0.38% of the stock is owned by insiders.

A number of brokerages recently weighed in on CVX. UBS set a $120.00 target price on shares of Chevron and gave the stock a “neutral” rating in a research report on Monday. Bank of America set a $125.00 target price on shares of Chevron and gave the stock a “buy” rating in a research report on Saturday. Zacks Investment Research lowered shares of Chevron from a “buy” rating to a “hold” rating in a research report on Monday, November 20th. Citigroup upped their target price on shares of Chevron from $118.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. Finally, Jefferies Group restated a “buy” rating and set a $137.00 target price (up previously from $113.54) on shares of Chevron in a research report on Monday, October 30th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $121.22.

Shares of Chevron Corporation (NYSE:CVX) opened at $120.36 on Wednesday. The stock has a market cap of $229,520.33, a price-to-earnings ratio of 33.85, a P/E/G ratio of 3.94 and a beta of 1.21. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.04. Chevron Corporation has a 12 month low of $102.55 and a 12 month high of $122.30.

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

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

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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.

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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