Boston Advisors LLC decreased its position in shares of Chevron Corp. (NYSE:CVX) by 1.8% during the third quarter, Holdings Channel reports. The institutional investor owned 120,932 shares of the company’s stock after selling 2,239 shares during the period. Boston Advisors LLC’s holdings in Chevron Corp. were worth $12,446,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. increased its position in Chevron Corp. by 322.6% in the second quarter. Thompson Davis & CO. Inc. now owns 955 shares of the company’s stock valued at $100,000 after buying an additional 729 shares during the period. Solaris Asset Management LLC boosted its stake in Chevron Corp. by 42.6% in the third quarter. Solaris Asset Management LLC now owns 1,005 shares of the company’s stock valued at $103,000 after buying an additional 300 shares in the last quarter. Global X Management Co. LLC boosted its stake in Chevron Corp. by 115.6% in the second quarter. Global X Management Co. LLC now owns 1,158 shares of the company’s stock valued at $121,000 after buying an additional 621 shares in the last quarter. Camarda Financial Advisors LLC purchased a new stake in Chevron Corp. during the second quarter valued at about $122,000. Finally, Wealthcare Capital Management LLC purchased a new stake in Chevron Corp. during the second quarter valued at about $128,000. 61.22% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Chevron Corp. (NYSE:CVX)

Chevron Corp. (NYSE:CVX) traded up 2.64% during midday trading on Wednesday, reaching $112.23. 7,486,252 shares of the company traded hands. The company has a 50 day moving average price of $105.24 and a 200-day moving average price of $102.78. The stock’s market capitalization is $211.86 billion. Chevron Corp. has a one year low of $75.33 and a one year high of $112.98.

Chevron Corp. (NYSE:CVX) last released its quarterly earnings results on Friday, October 28th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.29. The company had revenue of $30.14 billion for the quarter, compared to the consensus estimate 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 was down 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.09 earnings per share. Analysts forecast that Chevron Corp. will post $1.34 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Friday, November 18th will be paid a dividend of $1.08 per share. This is an increase from Chevron Corp.’s previous quarterly dividend of $1.07. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $4.32 dividend on an annualized basis and a yield of 3.95%. Chevron Corp.’s dividend payout ratio is presently -540.00%.

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Several research firms have issued reports on CVX. Vetr upgraded shares of Chevron Corp. from a “hold” rating to a “buy” rating and set a $107.24 target price on the stock in a research note on Tuesday, August 9th. Jefferies Group reiterated a “buy” rating on shares of Chevron Corp. in a research note on Thursday, September 8th. Zacks Investment Research cut shares of Chevron Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. BMO Capital Markets began coverage on shares of Chevron Corp. in a research note on Monday, September 12th. They issued an “outperform” rating and a $120.00 target price on the stock. Finally, Simmons upgraded shares of Chevron Corp. from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $110.00 to $117.00 in a research note on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $108.42.

In related news, Director Linnet F. Deily sold 5,637 shares of the company’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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Pierre R. Breber sold 10,000 shares of the company’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 directly owns 28,911 shares in the company, valued at approximately $3,180,210. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Chevron Corp. Company 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.

5 Day Chart for NYSE:CVX

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