White Pine Investment CO decreased its stake in shares of Chevron Corporation (NYSE:CVX) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,916 shares of the oil and gas company’s stock after selling 65 shares during the period. Chevron Corporation makes up about 1.9% of White Pine Investment CO’s portfolio, making the stock its 24th largest position. White Pine Investment CO’s holdings in Chevron Corporation were worth $3,643,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. NWQ Investment Management Company LLC purchased a new position in shares of Chevron Corporation during the fourth quarter valued at about $219,000. Pacific Global Investment Management CO increased its position in shares of Chevron Corporation by 3.6% in the fourth quarter. Pacific Global Investment Management CO now owns 25,486 shares of the oil and gas company’s stock valued at $3,000,000 after buying an additional 877 shares during the last quarter. Loomis Sayles & Co. L P increased its position in shares of Chevron Corporation by 13.6% in the fourth quarter. Loomis Sayles & Co. L P now owns 738,369 shares of the oil and gas company’s stock valued at $86,906,000 after buying an additional 88,546 shares during the last quarter. Freestone Capital Holdings LLC increased its position in shares of Chevron Corporation by 4.9% in the fourth quarter. Freestone Capital Holdings LLC now owns 36,177 shares of the oil and gas company’s stock valued at $4,258,000 after buying an additional 1,706 shares during the last quarter. Finally, SRS Capital Advisors Inc. purchased a new position in shares of Chevron Corporation during the fourth quarter valued at about $324,000. 62.58% of the stock is currently owned by institutional investors and hedge funds.

Chevron Corporation (CVX) traded down 0.30% during midday trading on Monday, reaching $109.78. 1,273,990 shares of the company were exchanged. The firm’s 50-day moving average is $105.21 and its 200-day moving average is $107.91. Chevron Corporation has a one year low of $97.53 and a one year high of $119.00. The firm has a market cap of $207.98 billion, a P/E ratio of 35.60 and a beta of 1.23.

Chevron Corporation (NYSE:CVX) last posted its earnings results on Friday, July 28th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.02. The firm had revenue of $34.48 billion during the quarter, compared to analysts’ expectations of $32.77 billion. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. The company’s revenue was up 17.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.78) earnings per share. On average, equities analysts expect that Chevron Corporation will post $3.75 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 18th will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date is Wednesday, August 16th. Chevron Corporation’s payout ratio is 140.26%.

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Several equities analysts recently issued reports on the stock. Piper Jaffray Companies reissued a “buy” rating on shares of Chevron Corporation in a research note on Thursday. Zacks Investment Research raised shares of Chevron Corporation from a “sell” rating to a “hold” rating in a research note on Thursday. TheStreet downgraded shares of Chevron Corporation from a “b” rating to a “c+” rating in a research note on Friday, July 28th. Scotiabank set a $115.00 price objective on shares of Chevron Corporation and gave the company a “buy” rating in a research note on Monday, July 31st. Finally, BidaskClub raised shares of Chevron Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $115.97.

In other news, insider James William Johnson sold 31,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $110.68, for a total value of $3,431,080.00. Following the completion of the sale, the insider now directly owns 11,000 shares in the company, valued at $1,217,480. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Patricia E. Yarrington sold 39,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $111.00, for a total transaction of $4,329,000.00. Following the completion of the sale, the chief financial officer now owns 43,838 shares of the company’s stock, valued at $4,866,018. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by insiders.

About Chevron Corporation

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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Institutional Ownership by Quarter for Chevron Corporation (NYSE:CVX)

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