Shares of Chevron Corp. (NYSE:CVX) gapped up prior to trading on Monday . The stock had previously closed at $102.07, but opened at $102.16. Chevron Corp. shares last traded at $102.95, with a volume of 2,204,204 shares traded.

A number of equities analysts recently issued reports on the stock. Jefferies Group reiterated a “buy” rating and issued a $116.00 price target (up previously from $114.00) on shares of Chevron Corp. in a research note on Wednesday, July 6th. Piper Jaffray Cos. upgraded shares of Chevron Corp. from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $110.00 to $117.00 in a research note on Tuesday, August 9th. Vetr upgraded shares of Chevron Corp. from a “hold” rating to a “buy” rating and set a $106.08 price target on the stock in a research note on Thursday, May 19th. Zacks Investment Research upgraded shares of Chevron Corp. from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a research note on Tuesday, July 12th. Finally, Simmons upgraded shares of Chevron Corp. from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $110.00 to $117.00 in a research note on Tuesday, August 9th. Twelve research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $101.17.

The company’s market capitalization is $193.88 billion. The stock has a 50 day moving average price of $103.23 and a 200 day moving average price of $97.63.

Chevron Corp. (NYSE:CVX) last issued its quarterly earnings results on Friday, July 29th. The company reported ($0.78) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $1.10. The company earned $29.28 billion during the quarter, compared to analysts’ expectations of $25.78 billion. During the same period last year, the firm earned $0.30 EPS. The business’s quarterly revenue was down 27.4% compared to the same quarter last year. Analysts anticipate that Chevron Corp. will post $1.24 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 12th. Investors of record on Friday, August 19th will be given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend is Wednesday, August 17th.

In related news, insider Michael K. Wirth sold 125,000 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $100.47, for a total transaction of $12,558,750.00. Following the completion of the sale, the insider now directly owns 4,222 shares in the company, valued at $424,184.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James William Johnson sold 10,945 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $101.44, for a total value of $1,110,260.80. Following the sale, the insider now owns 13,000 shares of the company’s stock, valued at $1,318,720. The disclosure for this sale can be found here.

Several hedge funds have recently modified their holdings of CVX. Stellar Capital Management LLC boosted its stake in shares of Chevron Corp. by 11.3% in the fourth quarter. Stellar Capital Management LLC now owns 11,382 shares of the company’s stock valued at $1,024,000 after buying an additional 1,154 shares during the last quarter. Johanson Financial Advisors Inc. purchased a new stake in shares of Chevron Corp. during the fourth quarter valued at approximately $1,033,000. Private Capital Management Inc. purchased a new stake in shares of Chevron Corp. during the fourth quarter valued at approximately $1,187,000. Hamilton Point Investment Advisors LLC boosted its stake in shares of Chevron Corp. by 9.8% in the fourth quarter. Hamilton Point Investment Advisors LLC now owns 13,212 shares of the company’s stock valued at $1,189,000 after buying an additional 1,175 shares during the last quarter. Finally, JFS Wealth Advisors LLC boosted its stake in shares of Chevron Corp. by 4.3% in the fourth quarter. JFS Wealth Advisors LLC now owns 13,307 shares of the company’s stock valued at $1,197,000 after buying an additional 553 shares during the last quarter.

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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