Rosenblum Silverman Sutton S F Inc. CA lowered its position in Chevron Corporation (NYSE:CVX) by 3.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,752 shares of the oil and gas company’s stock after selling 499 shares during the quarter. Rosenblum Silverman Sutton S F Inc. CA’s holdings in Chevron were worth $1,498,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Pathstone Family Office LLC lifted its position in shares of Chevron by 2.5% during the 2nd quarter. Pathstone Family Office LLC now owns 813 shares of the oil and gas company’s stock worth $2,170,000 after buying an additional 20 shares during the last quarter. Shine Investment Advisory Services Inc. purchased a new stake in shares of Chevron during the 2nd quarter worth approximately $106,000. 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 worth $136,000 after buying an additional 63 shares during the last quarter. Accurate Investment Solutions Inc. lifted its position in shares of Chevron by 59.1% during the 3rd quarter. Accurate Investment Solutions Inc. now owns 1,352 shares of the oil and gas company’s stock worth $159,000 after buying an additional 502 shares during the last quarter. Finally, 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 worth $146,000 after buying an additional 1,140 shares during the last quarter. Institutional investors own 63.80% of the company’s stock.
Shares of Chevron Corporation (NYSE CVX) opened at $128.51 on Thursday. Chevron Corporation has a 12-month low of $102.55 and a 12-month high of $128.94. The company has a market cap of $244,090.00, a price-to-earnings ratio of 37.47, a P/E/G ratio of 2.93 and a beta of 1.21. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 0.84.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Friday, November 17th were paid a $1.08 dividend. The ex-dividend date was Thursday, November 16th. This represents a $4.32 annualized dividend and a yield of 3.36%. Chevron’s dividend payout ratio is currently 125.95%.
CVX has been the subject of several recent analyst reports. UBS Group set a $105.00 price objective on shares of Chevron and gave the stock a “neutral” rating in a research report on Wednesday, September 6th. Scotiabank restated a “buy” rating on shares of Chevron in a research report on Friday, September 15th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Chevron in a research report on Saturday, September 16th. Cowen restated a “buy” rating and set a $122.00 price objective on shares of Chevron in a research report on Tuesday, September 19th. Finally, Goldman Sachs Group restated a “buy” rating and set a $123.00 price objective (up previously from $118.00) on shares of Chevron in a research report on Tuesday, September 19th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the company. Chevron currently has a consensus rating of “Hold” and a consensus target price of $125.15.
In other Chevron news, CFO Patricia E. Yarrington sold 13,143 shares of the business’s 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 link. Also, VP R. Hewitt Pate sold 25,500 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $120.00, for a total transaction of $3,060,000.00. Following the completion of the transaction, the vice president now directly owns 25,500 shares in the company, valued at $3,060,000. The disclosure for this sale can be found here. Insiders sold a total of 314,000 shares of company stock worth $36,540,822 over the last three months. 0.38% of the stock is currently owned by corporate insiders.
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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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