Two Sigma Securities LLC bought a new position in shares of Chevron Corporation (NYSE:CVX) during the first quarter, Holdings Channel reports. The institutional investor bought 11,786 shares of the oil and gas company’s stock, valued at approximately $1,265,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kentucky Retirement Systems bought a new position in Chevron Corporation during the fourth quarter worth about $16,123,000. Rothschild Investment Corp IL increased its position in Chevron Corporation by 2.3% in the first quarter. Rothschild Investment Corp IL now owns 41,232 shares of the oil and gas company’s stock worth $4,427,000 after buying an additional 919 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Chevron Corporation by 7.7% in the first quarter. Janney Montgomery Scott LLC now owns 504,112 shares of the oil and gas company’s stock worth $54,127,000 after buying an additional 36,257 shares during the last quarter. First PREMIER Bank increased its position in Chevron Corporation by 4.7% in the first quarter. First PREMIER Bank now owns 4,241 shares of the oil and gas company’s stock worth $456,000 after buying an additional 190 shares during the last quarter. Finally, Merriman Wealth Management LLC bought a new position in Chevron Corporation during the first quarter worth about $224,000. Institutional investors own 62.58% of the company’s stock.

Shares of Chevron Corporation (NYSE CVX) traded down 0.08% during mid-day trading on Friday, hitting $110.02. 955,871 shares of the stock traded hands. Chevron Corporation has a 1-year low of $97.53 and a 1-year high of $119.00. The company’s 50-day moving average price is $105.87 and its 200 day moving average price is $107.79. The company has a market capitalization of $208.49 billion, a PE ratio of 35.67 and a beta of 1.23.

Chevron Corporation (NYSE:CVX) last released its quarterly 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 business had revenue of $34.48 billion during the quarter, compared to the consensus estimate of $32.77 billion. Chevron Corporation had a return on equity of 4.13% and a net margin of 4.50%. The business’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.78) EPS. Equities research analysts forecast that Chevron Corporation will post $3.80 EPS for the current fiscal year.

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

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A number of research analysts recently issued reports on CVX shares. Vetr upgraded shares of Chevron Corporation from a “buy” rating to a “strong-buy” rating and set a $120.46 target price on the stock in a research report on Friday, April 14th. BidaskClub downgraded shares of Chevron Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. Scotiabank set a $114.00 target price on shares of Chevron Corporation and gave the company a “buy” rating in a research report on Monday, May 1st. Wells Fargo & Company downgraded shares of Chevron Corporation to an “outperform” rating and dropped their target price for the company from $124.00 to $102.00 in a research report on Monday, July 17th. Finally, Exane BNP Paribas downgraded shares of Chevron Corporation from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $105.00 to $100.00 in a research report on Friday, May 26th. Three equities research 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. The stock has a consensus rating of “Buy” and an average target price of $116.18.

In related news, CFO Patricia E. Yarrington sold 39,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 43,838 shares in the company, valued at approximately $4,866,018. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider James William Johnson sold 31,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 11,000 shares of the company’s stock, valued at $1,217,480. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

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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