Shares of Chevron Corp. (NYSE:CVX) hit a new 52-week high during trading on Thursday . The company traded as high as $105.00 and last traded at $103.16, with a volume of 3,026,792 shares trading hands. The stock had previously closed at $104.58.

A number of research firms have recently issued reports on CVX. Citigroup Inc. restated a “buy” rating on shares of Chevron Corp. in a research note on Friday, March 11th. Vetr cut shares of Chevron Corp. from a “buy” rating to a “hold” rating and set a $106.39 target price for the company. in a research note on Monday, June 27th. Zacks Investment Research cut shares of Chevron Corp. from a “hold” rating to a “sell” rating in a research note on Monday, March 21st. Collins Stewart restated a “buy” rating on shares of Chevron Corp. in a research note on Thursday, May 12th. Finally, Credit Suisse Group AG restated a “hold” rating and set a $100.00 target price on shares of Chevron Corp. in a research note on Monday, May 2nd. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $96.72.

The stock has a 50-day moving average price of $101.88 and a 200 day moving average price of $94.21. The stock has a market cap of $193.37 billion and a PE ratio of 148.48.

Chevron Corp. (NYSE:CVX) last posted its quarterly earnings data on Friday, April 29th. The company reported ($0.39) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by $0.29. The company had revenue of $23.53 billion for the quarter, compared to the consensus estimate of $21.47 billion. During the same quarter last year, the business posted $1.37 EPS. The company’s revenue was down 31.9% compared to the same quarter last year. Analysts forecast that Chevron Corp. will post $1.20 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Thursday, May 19th were given a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend was Tuesday, May 17th.

In related news, Director Linnet F. Deily sold 869 shares of the company’s stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $103.27, for a total value of $89,741.63. Following the transaction, the director now directly owns 25,279 shares in the company, valued at $2,610,562.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Other hedge funds and institutional investors recently bought and sold shares of the company. Dorsey & Whitney Trust CO LLC boosted its position in Chevron Corp. by 23.7% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 45,292 shares of the company’s stock valued at $4,074,000 after buying an additional 8,670 shares during the period. Jennison Associates LLC boosted its position in Chevron Corp. by 36.1% in the fourth quarter. Jennison Associates LLC now owns 891,431 shares of the company’s stock valued at $80,193,000 after buying an additional 236,572 shares during the period. I.G. Investment Management LTD. boosted its position in Chevron Corp. by 2.5% in the fourth quarter. I.G. Investment Management LTD. now owns 873,526 shares of the company’s stock valued at $78,582,000 after buying an additional 21,428 shares during the period. Northeast Financial Consultants Inc boosted its position in Chevron Corp. by 23.3% in the fourth quarter. Northeast Financial Consultants Inc now owns 58,374 shares of the company’s stock valued at $5,251,000 after buying an additional 11,050 shares during the period. Finally, Hodges Capital Management Inc. boosted its position in Chevron Corp. by 6.6% in the fourth quarter. Hodges Capital Management Inc. now owns 13,412 shares of the company’s stock valued at $1,207,000 after buying an additional 832 shares during the period.

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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