Rothschild Asset Management Inc. Trims Stake in Chevron Corporation (CVX)

Rothschild Asset Management Inc. trimmed its stake in shares of Chevron Corporation (NYSE:CVX) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 776,157 shares of the oil and gas company’s stock after selling 4,219 shares during the period. Chevron Corporation comprises about 0.9% of Rothschild Asset Management Inc.’s holdings, making the stock its 12th biggest position. Rothschild Asset Management Inc.’s holdings in Chevron Corporation were worth $80,977,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Thompson Davis & CO. Inc. lifted its position in shares of Chevron Corporation by 20.0% during 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 acquiring an additional 191 shares during the period. Winfield Associates Inc. lifted its position in shares of Chevron Corporation 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 Corporation 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. New Capital Management LP lifted its position in shares of Chevron Corporation 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. Finally, Marshall & Sullivan Inc. WA lifted its position in shares of Chevron Corporation by 8.8% during the 1st quarter. Marshall & Sullivan Inc. WA now owns 1,985 shares of the oil and gas company’s stock valued at $213,000 after acquiring an additional 160 shares during the period. Institutional investors own 62.72% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Credit Suisse Group set a $123.00 price target on shares of Chevron Corporation and gave the company a “buy” rating in a research report on Friday, August 25th. Citigroup Inc. reduced their price target on shares of Chevron Corporation from $129.00 to $118.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Barclays PLC upgraded shares of Chevron Corporation to an “overweight” rating in a research report on Wednesday, October 11th. BMO Capital Markets set a $120.00 price target on shares of Chevron Corporation and gave the company a “buy” rating in a research report on Sunday, July 30th. Finally, Vetr downgraded shares of Chevron Corporation from a “buy” rating to a “hold” rating and set a $124.92 price target for the company. in a research report on Monday. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $118.80.

In related news, insider James William Johnson sold 31,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $110.68, for a total value of $3,431,080.00. Following the completion of the sale, the insider now owns 11,000 shares in the company, valued at approximately $1,217,480. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Patricia E. Yarrington sold 39,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $111.00, for a total transaction of $4,329,000.00. Following the completion of the sale, the chief financial officer now owns 43,838 shares of the company’s stock, valued at approximately $4,866,018. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,312 shares of company stock valued at $8,008,343. 0.38% of the stock is owned by insiders.

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Shares of Chevron Corporation (NYSE CVX) opened at 120.22 on Wednesday. The stock has a market capitalization of $227.82 billion, a PE ratio of 38.98 and a beta of 1.24. Chevron Corporation has a 1-year low of $99.87 and a 1-year high of $120.74. The firm has a 50-day moving average of $114.83 and a 200 day moving average of $108.32.

Chevron Corporation (NYSE:CVX) last issued its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.02. The business had revenue of $34.48 billion during the quarter, compared to the consensus estimate of $32.77 billion. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. The firm’s quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.78) EPS. On average, equities analysts anticipate that Chevron Corporation will post $4.07 earnings per share for the current fiscal year.

Chevron Corporation 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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Institutional Ownership by Quarter for Chevron Corporation (NYSE:CVX)

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