Chevron Co. (NYSE:CVX) Shares Bought by Fort Sheridan Advisors LLC

Fort Sheridan Advisors LLC raised its position in Chevron Co. (NYSE:CVXGet Rating) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,786 shares of the oil and gas company’s stock after acquiring an additional 1,350 shares during the quarter. Chevron accounts for about 1.0% of Fort Sheridan Advisors LLC’s investment portfolio, making the stock its 20th largest holding. Fort Sheridan Advisors LLC’s holdings in Chevron were worth $3,495,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Geode Capital Management LLC grew its position in Chevron by 3.4% in the third quarter. Geode Capital Management LLC now owns 31,582,362 shares of the oil and gas company’s stock valued at $3,196,349,000 after acquiring an additional 1,037,882 shares in the last quarter. Morgan Stanley grew its position in shares of Chevron by 4.3% during 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 buying an additional 995,353 shares in the last quarter. Invesco Ltd. grew its position in shares of Chevron by 16.0% during the third quarter. Invesco Ltd. now owns 13,482,487 shares of the oil and gas company’s stock worth $1,367,797,000 after buying an additional 1,859,425 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Chevron by 4.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,326,228 shares of the oil and gas company’s stock worth $977,069,000 after buying an additional 346,881 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in shares of Chevron by 6.5% during the third quarter. UBS Asset Management Americas Inc. now owns 7,107,804 shares of the oil and gas company’s stock worth $721,087,000 after buying an additional 435,089 shares in the last quarter. 65.89% of the stock is owned by institutional investors.

CVX stock traded up $3.16 during trading on Friday, hitting $167.87. The company had a trading volume of 9,229,903 shares, compared to its average volume of 10,133,212. The firm has a market capitalization of $329.83 billion, a price-to-earnings ratio of 15.78, a P/E/G ratio of 0.82 and a beta of 1.09. The business has a 50 day moving average of $165.05 and a 200 day moving average of $138.72. Chevron Co. has a fifty-two week low of $92.86 and a fifty-two week high of $174.76. 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 (NYSE:CVXGet Rating) last posted its quarterly earnings data on Friday, April 29th. The oil and gas company reported $3.36 earnings per share for the quarter, missing the consensus estimate of $3.44 by ($0.08). The company 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 previous year, the company earned $0.90 EPS. As a group, equities analysts predict that Chevron Co. will post 17.15 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Thursday, May 19th will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Wednesday, May 18th. Chevron’s payout ratio is currently 53.38%.

A number of research firms have recently weighed in on CVX. Piper Sandler raised their price target on shares of Chevron from $150.00 to $173.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 2nd. DZ Bank raised shares of Chevron from a “hold” rating to a “buy” rating and set a $167.00 price target for the company in a research report on Wednesday, March 2nd. Bank of America lifted their price objective on shares of Chevron from $154.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, February 15th. Citigroup lifted their price objective on shares of Chevron from $124.00 to $145.00 and gave the stock a “neutral” rating in a report on Wednesday, March 2nd. Finally, Royal Bank of Canada downgraded shares of Chevron from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from $160.00 to $165.00 in a report on Thursday, April 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Chevron has a consensus rating of “Buy” and an average price target of $165.43.

In other Chevron news, VP Colin E. Parfitt sold 31,000 shares of the company’s stock in a transaction dated Friday, February 25th. The shares were sold at an average price of $140.00, for a total value of $4,340,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Colin E. Parfitt sold 15,500 shares of the business’s stock in a transaction dated Tuesday, February 22nd. The stock was sold at an average price of $132.91, for a total value of $2,060,105.00. The disclosure for this sale can be found here. Insiders sold a total of 452,115 shares of company stock valued at $69,708,842 over the last three months. 0.32% of the stock is owned by corporate insiders.

About Chevron (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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