Traders bought shares of Chevron Corp. (NYSE:CVX) on weakness during trading hours on Friday. $155.45 million flowed into the stock on the tick-up and $75.13 million flowed out of the stock on the tick-down, for a money net flow of $80.32 million into the stock. Of all equities tracked, Chevron Corp. had the 6th highest net in-flow for the day. Chevron Corp. traded down ($1.23) for the day and closed at $102.32

Several equities research analysts have recently weighed in on CVX shares. Jefferies Group reissued a “buy” rating and set a $116.00 target price (up previously from $114.00) on shares of Chevron Corp. in a research report on Wednesday, July 6th. Piper Jaffray Cos. raised Chevron Corp. from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $110.00 to $117.00 in a research report on Tuesday, August 9th. Vetr raised Chevron Corp. from a “hold” rating to a “buy” rating and set a $106.08 target price on the stock in a research report on Thursday, May 19th. Zacks Investment Research raised Chevron Corp. from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a research report on Tuesday, July 12th. Finally, Simmons raised Chevron Corp. from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $110.00 to $117.00 in a research report on Tuesday, August 9th. Thirteen analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $101.17.

The firm’s market capitalization is $193.03 billion. The company’s 50-day moving average is $103.25 and its 200-day moving average is $97.94.

Chevron Corp. (NYSE:CVX) last posted its earnings results on Friday, July 29th. The company reported ($0.78) EPS for the quarter, missing the consensus estimate of $0.32 by $1.10. During the same quarter in the prior year, the company posted $0.30 EPS. The company earned $29.28 billion during the quarter, compared to analysts’ expectations of $25.78 billion. Chevron Corp.’s revenue for the quarter was down 27.4% compared to the same quarter last year. Equities research analysts predict that Chevron Corp. will post $1.25 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 12th. Investors of record on Friday, August 19th will be given a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 4.18%. The ex-dividend date is Wednesday, August 17th.

In other news, insider Joseph C. Geagea sold 26,000 shares of Chevron Corp. stock in a transaction on Monday, August 15th. The stock was sold at an average price of $102.50, for a total transaction of $2,665,000.00. Following the transaction, the insider now directly owns 13,000 shares in the company, valued at approximately $1,332,500. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Pierre R. Breber sold 21,000 shares of Chevron Corp. stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $98.77, for a total value of $2,074,170.00. The disclosure for this sale can be found here.

Several institutional investors have recently modified their holdings of CVX. Stellar Capital Management LLC boosted its position 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 period. Johanson Financial Advisors Inc. purchased a new position in shares of Chevron Corp. during the fourth quarter valued at about $1,033,000. Private Capital Management Inc. purchased a new position in shares of Chevron Corp. during the fourth quarter valued at about $1,187,000. Hamilton Point Investment Advisors LLC boosted its position 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 period. Finally, Mraz Amerine & Associates Inc. boosted its position in shares of Chevron Corp. by 3.0% in the fourth quarter. Mraz Amerine & Associates Inc. now owns 15,788 shares of the company’s stock valued at $1,420,000 after buying an additional 455 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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