Good Life Advisors LLC boosted its position in shares of Chevron Corporation (NYSE:CVX) by 10.6% during the first quarter, Holdings Channel reports. The institutional investor owned 8,364 shares of the oil and gas company’s stock after buying an additional 802 shares during the period. Good Life Advisors LLC’s holdings in Chevron Corporation were worth $910,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Haverford Financial Services Inc. raised its stake in Chevron Corporation by 0.7% in the first quarter. Haverford Financial Services Inc. now owns 2,303 shares of the oil and gas company’s stock worth $247,000 after buying an additional 16 shares in the last quarter. Orgel Wealth Management LLC increased its position in shares of Chevron Corporation by 0.8% in the first quarter. Orgel Wealth Management LLC now owns 2,346 shares of the oil and gas company’s stock worth $252,000 after buying an additional 18 shares in the last quarter. Westbourne Investment Advisors Inc. increased its position in shares of Chevron Corporation by 0.4% in the first quarter. Westbourne Investment Advisors Inc. now owns 7,435 shares of the oil and gas company’s stock worth $798,000 after buying an additional 33 shares in the last quarter. Court Place Advisors LLC increased its position in shares of Chevron Corporation by 0.6% in the first quarter. Court Place Advisors LLC now owns 5,968 shares of the oil and gas company’s stock worth $641,000 after buying an additional 36 shares in the last quarter. Finally, Evanson Asset Management LLC increased its position in shares of Chevron Corporation by 0.5% in the first quarter. Evanson Asset Management LLC now owns 9,521 shares of the oil and gas company’s stock worth $1,022,000 after buying an additional 44 shares in the last quarter. 62.58% of the stock is owned by institutional investors.

Shares of Chevron Corporation (CVX) traded up 0.57% on Wednesday, reaching $110.98. The company had a trading volume of 683,392 shares. The company’s 50-day moving average price is $105.46 and its 200-day moving average price is $107.95. The firm has a market capitalization of $210.26 billion, a price-to-earnings ratio of 35.99 and a beta of 1.23. Chevron Corporation has a 52-week low of $97.53 and a 52-week high of $119.00.

Chevron Corporation (NYSE:CVX) last issued its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.02. Chevron Corporation had a return on equity of 4.13% and a net margin of 4.50%. The firm had revenue of $34.48 billion for the quarter, compared to analyst estimates of $32.77 billion. During the same period in the prior year, the firm posted ($0.78) EPS. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. On average, analysts predict that Chevron Corporation will post $3.80 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 18th will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend is Wednesday, August 16th. Chevron Corporation’s dividend payout ratio is 140.26%.

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A number of equities analysts have recently weighed in on the company. Jefferies Group LLC set a $135.00 target price on Chevron Corporation and gave the company a “buy” rating in a report on Saturday, June 24th. Barclays PLC reiterated an “overweight” rating and issued a $125.00 target price (up previously from $116.00) on shares of Chevron Corporation in a report on Wednesday, July 12th. Simmons dropped their target price on Chevron Corporation from $129.00 to $124.00 and set an “overweight” rating on the stock in a report on Wednesday, April 19th. BidaskClub downgraded Chevron Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Finally, Macquarie downgraded Chevron Corporation from an “outperform” rating to a “neutral” rating and set a $105.00 target price on the stock. in a report on Wednesday, June 21st. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Chevron Corporation has a consensus rating of “Buy” and a consensus price target of $116.22.

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

Chevron Corporation 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.

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

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