Rowland & Co. Investment Counsel ADV Reduces Holdings in Chevron Co. (NYSE:CVX)

Rowland & Co. Investment Counsel ADV reduced its holdings in shares of Chevron Co. (NYSE:CVXGet Rating) by 7.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,637 shares of the oil and gas company’s stock after selling 3,487 shares during the quarter. Chevron makes up 1.2% of Rowland & Co. Investment Counsel ADV’s investment portfolio, making the stock its 27th largest position. Rowland & Co. Investment Counsel ADV’s holdings in Chevron were worth $5,356,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its position in shares of Chevron by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 32,250,237 shares of the oil and gas company’s stock worth $3,776,323,000 after acquiring an additional 667,875 shares during the last quarter. Morgan Stanley boosted its position in shares of Chevron by 4.3% in the third quarter. Morgan Stanley now owns 24,297,770 shares of the oil and gas company’s stock worth $2,465,009,000 after acquiring an additional 995,353 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Chevron by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 14,507,398 shares of the oil and gas company’s stock worth $1,702,446,000 after acquiring an additional 254,353 shares during the last quarter. Invesco Ltd. boosted its position in shares of Chevron by 6.8% in the fourth quarter. Invesco Ltd. now owns 14,400,260 shares of the oil and gas company’s stock worth $1,689,870,000 after acquiring an additional 917,773 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Chevron by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,326,228 shares of the oil and gas company’s stock valued at $977,069,000 after buying an additional 346,881 shares during the period. Hedge funds and other institutional investors own 65.89% of the company’s stock.

In other news, VP Colin E. Parfitt sold 31,000 shares of the business’s stock in a transaction on Friday, February 25th. The shares were sold at an average price of $140.00, for a total transaction of $4,340,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Enrique Hernandez, Jr. sold 39,773 shares of the business’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $173.99, for a total transaction of $6,920,104.27. Following the transaction, the director now directly owns 22,978 shares of the company’s stock, valued at approximately $3,997,942.22. The disclosure for this sale can be found here. In the last ninety days, insiders sold 427,588 shares of company stock valued at $69,778,535. 0.32% of the stock is currently owned by corporate insiders.

Several research analysts recently commented on the stock. Truist Financial cut their price target on shares of Chevron from $186.00 to $181.00 in a report on Monday, May 2nd. UBS Group raised their price target on shares of Chevron from $150.00 to $192.00 and gave the company a “buy” rating in a report on Tuesday, April 5th. Societe Generale lowered shares of Chevron from a “buy” rating to a “hold” rating and set a $175.00 price target on the stock. in a report on Friday, May 20th. Bank of America raised their price target on shares of Chevron from $154.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, February 15th. Finally, JPMorgan Chase & Co. lowered shares of Chevron from a “neutral” rating to an “underweight” rating and set a $169.00 price objective on the stock. in a research note on Friday, March 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $168.76.

Chevron stock traded up $2.77 during mid-day trading on Wednesday, reaching $175.41. The company’s stock had a trading volume of 10,162,403 shares, compared to its average volume of 15,042,172. The firm has a market cap of $344.65 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 0.85 and a beta of 1.09. The business has a 50 day moving average price of $165.71 and a 200-day moving average price of $141.69. The company has a current ratio of 1.43, a quick ratio of 1.22 and a debt-to-equity ratio of 0.20. Chevron Co. has a twelve month low of $92.86 and a twelve month high of $175.99.

Chevron (NYSE:CVXGet Rating) last released its quarterly earnings data on Friday, April 29th. The oil and gas company reported $3.36 EPS for the quarter, missing analysts’ consensus estimates of $3.44 by ($0.08). The business had revenue of $54.37 billion during the quarter, compared to analyst estimates of $54.96 billion. Chevron had a return on equity of 14.66% and a net margin of 11.10%. The business’s revenue for the quarter was up 69.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 EPS. On average, equities analysts expect that Chevron Co. will post 16.98 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Shareholders of record on Thursday, May 19th will be issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Wednesday, May 18th. Chevron’s dividend payout ratio is presently 53.38%.

Chevron Profile (Get Rating)

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