First PREMIER Bank trimmed its position in Chevron Corporation (NYSE:CVX) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,213 shares of the oil and gas company’s stock after selling 28 shares during the quarter. First PREMIER Bank’s holdings in Chevron Corporation were worth $440,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. New Capital Management LP boosted its position in Chevron Corporation by 0.3% in the first quarter. New Capital Management LP now owns 1,455 shares of the oil and gas company’s stock valued at $156,000 after buying an additional 4 shares in the last quarter. Haverford Financial Services Inc. boosted its position 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 valued at $247,000 after buying an additional 16 shares in the last quarter. Orgel Wealth Management LLC boosted its position in 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 valued at $252,000 after buying an additional 18 shares in the last quarter. Stillwater Investment Management LLC boosted its position in Chevron Corporation by 1.0% in the second quarter. Stillwater Investment Management LLC now owns 2,577 shares of the oil and gas company’s stock valued at $269,000 after buying an additional 26 shares in the last quarter. Finally, Westbourne Investment Advisors Inc. boosted its position in 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 valued at $798,000 after buying an additional 33 shares in the last quarter. 62.84% of the stock is currently owned by institutional investors and hedge funds.

In related news, CFO Patricia E. Yarrington sold 39,000 shares of the stock in a transaction dated 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 approximately $4,866,018. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider James William Johnson sold 31,000 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $110.68, for a total transaction of $3,431,080.00. Following the completion of 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. Over the last quarter, insiders sold 72,312 shares of company stock valued at $8,008,343. 0.38% of the stock is owned by company insiders.

Shares of Chevron Corporation (CVX) traded down 0.42% during trading on Friday, reaching $113.97. 3,761,099 shares of the company were exchanged. The stock has a 50-day moving average price of $109.22 and a 200-day moving average price of $107.18. Chevron Corporation has a one year low of $97.53 and a one year high of $119.00. The stock has a market capitalization of $215.97 billion, a PE ratio of 36.96 and a beta of 1.23.

Chevron Corporation (NYSE:CVX) last issued its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.02. The company had revenue of $34.48 billion during the quarter, compared to analyst estimates of $32.77 billion. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. Chevron Corporation’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period last year, the business earned ($0.78) EPS. Analysts forecast that Chevron Corporation will post $3.86 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 18th were paid a $1.08 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $4.32 annualized dividend and a dividend yield of 3.77%. Chevron Corporation’s payout ratio is 140.26%.

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A number of brokerages have weighed in on CVX. Scotiabank restated a “buy” rating on shares of Chevron Corporation in a research report on Friday. Zacks Investment Research upgraded shares of Chevron Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Piper Jaffray Companies restated a “buy” rating on shares of Chevron Corporation in a research report on Thursday, August 3rd. BNP Paribas upgraded shares of Chevron Corporation from an “underperform” rating to a “neutral” rating and set a $105.00 target price on the stock in a research report on Monday, August 7th. Finally, UBS AG set a $105.00 target price on shares of Chevron Corporation and gave the company a “neutral” rating in a research report on Wednesday, September 6th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Chevron Corporation currently has a consensus rating of “Buy” and a consensus price target of $116.40.

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.

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

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