Rothschild Investment Corp IL Sells 1,216 Shares of Chevron Co. (CVX)

Rothschild Investment Corp IL lowered its stake in Chevron Co. (NYSE:CVX) by 3.9% in the 4th quarter, Holdings Channel reports. The firm owned 30,167 shares of the oil and gas company’s stock after selling 1,216 shares during the period. Rothschild Investment Corp IL’s holdings in Chevron were worth $3,777,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Acrospire Investment Management LLC increased its stake in shares of Chevron by 133.3% during the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the oil and gas company’s stock valued at $146,000 after buying an additional 800 shares during the period. Accurate Investment Solutions Inc. increased its stake in shares of Chevron by 59.1% during the third quarter. Accurate Investment Solutions Inc. now owns 1,352 shares of the oil and gas company’s stock valued at $159,000 after buying an additional 502 shares during the period. Ffcm LLC increased its stake in shares of Chevron by 121.1% during the second quarter. Ffcm LLC now owns 1,501 shares of the oil and gas company’s stock valued at $160,000 after buying an additional 822 shares during the period. Mountain Capital Investment Advisors Inc purchased a new stake in Chevron in the second quarter worth $160,000. Finally, Intellectus Partners LLC grew its stake in Chevron by 1.0% in the second quarter. Intellectus Partners LLC now owns 1,557 shares of the oil and gas company’s stock worth $162,000 after purchasing an additional 15 shares during the period. Hedge funds and other institutional investors own 64.98% of the company’s stock.

Chevron Co. (NYSE CVX) opened at $112.98 on Monday. Chevron Co. has a 1-year low of $102.55 and a 1-year high of $133.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.03 and a quick ratio of 0.83. The firm has a market capitalization of $215,820.39, a PE ratio of 27.69, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19.

Chevron (NYSE:CVX) last posted its earnings results on Friday, February 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.54). Chevron had a net margin of 6.49% and a return on equity of 5.22%. The firm had revenue of $37.62 billion during the quarter, compared to the consensus estimate of $38.43 billion. During the same period in the prior year, the company posted $0.22 EPS. The firm’s revenue was up 19.4% compared to the same quarter last year. equities research analysts forecast that Chevron Co. will post 6.35 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Friday, February 16th were paid a $1.12 dividend. The ex-dividend date was Thursday, February 15th. This represents a $4.48 annualized dividend and a dividend yield of 3.97%. This is an increase from Chevron’s previous quarterly dividend of $1.08. Chevron’s dividend payout ratio (DPR) is 92.37%.

CVX has been the topic of several recent research reports. Morgan Stanley upped their price target on Chevron from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. BMO Capital Markets raised Chevron from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $120.00 to $140.00 in a research note on Thursday, January 11th. Vetr raised Chevron from a “hold” rating to a “buy” rating and set a $134.35 target price on the stock in a research note on Tuesday, December 26th. HSBC cut Chevron from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Finally, Scotiabank reissued a “buy” rating and issued a $130.00 target price on shares of Chevron in a research note on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $129.79.

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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.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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