The American Assets Investment Management LLC Has $6,501,000 Position in Chevron Corp. (CVX)

The American Assets Investment Management LLC Has $6,501,000 Position in Chevron Corp. (CVX)

American Assets Investment Management LLC held its stake in Chevron Corp. (NYSE:CVX) during the third quarter, Holdings Channel reports. The firm owned 63,170 shares of the company’s stock at the end of the third quarter. Chevron Corp. makes up approximately 1.5% of American Assets Investment Management LLC’s investment portfolio, making the stock its 13th largest position. American Assets Investment Management LLC’s holdings in Chevron Corp. were worth $6,501,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Palladium Partners LLC increased its stake in Chevron Corp. by 1.2% in the second quarter. Palladium Partners LLC now owns 158,878 shares of the company’s stock worth $16,656,000 after buying an additional 1,869 shares during the period. Investment Counsel Inc. increased its stake in Chevron Corp. by 3.9% in the second quarter. Investment Counsel Inc. now owns 14,713 shares of the company’s stock worth $1,542,000 after buying an additional 548 shares during the period. iAB Financial Bank increased its stake in Chevron Corp. by 3.3% in the second quarter. iAB Financial Bank now owns 20,608 shares of the company’s stock worth $2,160,000 after buying an additional 660 shares during the period. Coastline Trust Co increased its stake in Chevron Corp. by 2.2% in the second quarter. Coastline Trust Co now owns 28,994 shares of the company’s stock worth $3,040,000 after buying an additional 630 shares during the period. Finally, Dearborn Partners LLC increased its stake in Chevron Corp. by 2.1% in the second quarter. Dearborn Partners LLC now owns 250,850 shares of the company’s stock worth $26,296,000 after buying an additional 5,126 shares during the period. 61.06% of the stock is owned by institutional investors and hedge funds.

Chevron Corp. (NYSE:CVX) opened at 115.60 on Monday. The company’s market capitalization is $218.23 billion. Chevron Corp. has a 12 month low of $75.33 and a 12 month high of $119.00. The stock has a 50 day moving average of $115.80 and a 200 day moving average of $106.15.

Chevron Corp. (NYSE:CVX) last released its quarterly earnings data on Friday, October 28th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.29. The company earned $30.14 billion during the quarter, compared to analyst estimates of $29.71 billion. Chevron Corp. had a negative net margin of 1.34% and a positive return on equity of 0.59%. Chevron Corp.’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 EPS. Equities analysts anticipate that Chevron Corp. will post $1.38 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on the stock. Goldman Sachs Group Inc. raised shares of Chevron Corp. to a “buy” rating in a research note on Sunday, December 18th. TheStreet raised shares of Chevron Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, December 21st. Vetr downgraded shares of Chevron Corp. from a “sell” rating to a “strong sell” rating and set a $100.98 target price for the company. in a research note on Tuesday, January 3rd. Bank of America Corp. raised shares of Chevron Corp. from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 4th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Chevron Corp. in a research note on Monday, December 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the company’s stock. Chevron Corp. has an average rating of “Buy” and an average price target of $110.96.

In other Chevron Corp. news, Director Linnet F. Deily sold 5,637 shares of the business’s stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $105.27, for a total transaction of $593,406.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Pierre R. Breber sold 10,000 shares of the business’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $110.00, for a total transaction of $1,100,000.00. Following the sale, the insider now owns 28,911 shares of the company’s stock, valued at approximately $3,180,210. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

About Chevron Corp.

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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