Wooster Corthell Wealth Management Inc. Has $422,000 Holdings in Chevron Corporation (CVX)

Wooster Corthell Wealth Management Inc. raised its stake in Chevron Corporation (NYSE:CVX) by 14.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,591 shares of the oil and gas company’s stock after purchasing an additional 466 shares during the quarter. Chevron makes up about 0.2% of Wooster Corthell Wealth Management Inc.’s portfolio, making the stock its 24th biggest holding. Wooster Corthell Wealth Management Inc.’s holdings in Chevron were worth $422,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Chevron by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 139,626,287 shares of the oil and gas company’s stock worth $14,567,210,000 after acquiring an additional 3,920,240 shares during the period. BlackRock Inc. boosted its stake in shares of Chevron by 1.6% during the 2nd quarter. BlackRock Inc. now owns 124,678,992 shares of the oil and gas company’s stock worth $13,007,759,000 after acquiring an additional 1,975,865 shares during the period. Capital World Investors boosted its stake in shares of Chevron by 9.8% during the 2nd quarter. Capital World Investors now owns 35,546,848 shares of the oil and gas company’s stock worth $3,708,603,000 after acquiring an additional 3,182,250 shares during the period. Northern Trust Corp boosted its stake in shares of Chevron by 0.6% during the 2nd quarter. Northern Trust Corp now owns 26,153,161 shares of the oil and gas company’s stock worth $2,728,558,000 after acquiring an additional 157,021 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of Chevron by 0.3% during the 2nd quarter. Franklin Resources Inc. now owns 15,609,647 shares of the oil and gas company’s stock worth $1,628,554,000 after acquiring an additional 49,083 shares during the period. Hedge funds and other institutional investors own 63.80% of the company’s stock.

CVX has been the subject of several research analyst reports. Scotiabank reiterated a “buy” rating on shares of Chevron in a research note on Friday, September 15th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Chevron in a research note on Saturday, September 16th. Cowen reiterated a “buy” rating and set a $122.00 target price on shares of Chevron in a research note on Tuesday, September 19th. Goldman Sachs Group reiterated a “buy” rating and set a $123.00 target price (up from $118.00) on shares of Chevron in a research note on Tuesday, September 19th. Finally, Wells Fargo & Co reiterated a “market perform” rating and set a $108.00 target price (up from $100.00) on shares of Chevron in a research note on Tuesday, October 3rd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $125.15.

Shares of Chevron Corporation (CVX) opened at $127.90 on Friday. The firm has a market capitalization of $242,930.00, a P/E ratio of 37.29, a P/E/G ratio of 3.01 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 fifty-two week low of $102.55 and a fifty-two week high of $128.94.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, October 27th. The oil and gas company reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.04. The business had revenue of $36.21 billion during the quarter, compared to analysts’ expectations of $34.06 billion. Chevron had a return on equity of 4.59% and a net margin of 4.79%. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period last year, the firm posted $0.68 EPS. analysts predict that Chevron Corporation will post 4.33 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Friday, November 17th were issued a dividend of $1.08 per share. The ex-dividend date was Thursday, November 16th. This represents a $4.32 annualized dividend and a yield of 3.38%. Chevron’s payout ratio is currently 125.95%.

In other Chevron news, CFO Patricia E. Yarrington sold 13,143 shares of Chevron stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $115.01, for a total value of $1,511,576.43. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Patricia E. Yarrington sold 116,857 shares of Chevron stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $115.29, for a total value of $13,472,443.53. Following the completion of the transaction, the chief financial officer now directly owns 39,506 shares of the company’s stock, valued at $4,554,646.74. The disclosure for this sale can be found here. Insiders sold a total of 314,000 shares of company stock valued at $36,540,822 over the last ninety days. Insiders own 0.38% of the company’s stock.

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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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