First Hawaiian Bank trimmed its holdings in shares of Chevron Corporation (NYSE:CVX) by 11.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,763 shares of the oil and gas company’s stock after selling 2,255 shares during the quarter. First Hawaiian Bank’s holdings in Chevron Corporation were worth $1,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. New Capital Management LP grew its stake in Chevron Corporation by 0.3% during the 1st quarter. New Capital Management LP now owns 1,455 shares of the oil and gas company’s stock worth $156,000 after buying an additional 4 shares during the last quarter. Haverford Financial Services Inc. grew its stake in Chevron Corporation by 0.7% during the 1st 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 during the last quarter. Orgel Wealth Management LLC grew its stake in Chevron Corporation by 0.8% during the 1st 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 during the last quarter. Curbstone Financial Management Corp grew its stake in Chevron Corporation by 0.3% during the 2nd quarter. Curbstone Financial Management Corp now owns 8,170 shares of the oil and gas company’s stock worth $852,000 after buying an additional 25 shares during the last quarter. Finally, Stillwater Investment Management LLC grew its stake in Chevron Corporation by 1.0% during the 2nd quarter. Stillwater Investment Management LLC now owns 2,577 shares of the oil and gas company’s stock worth $269,000 after buying an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 62.74% of the company’s stock.

Chevron Corporation (NYSE:CVX) last announced its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.91 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 the consensus estimate of $32.77 billion. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. The firm’s revenue was up 17.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.78) earnings per share.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 18th were given a $1.08 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 3.71%. Chevron Corporation’s payout ratio is currently 140.26%.

Several research analysts recently weighed in on the company. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $123.00 target price (up from $118.00) on shares of Chevron Corporation in a research note on Tuesday. Cowen and Company restated a “buy” rating and set a $122.00 target price on shares of Chevron Corporation in a research note on Tuesday. J P Morgan Chase & Co reiterated an “overweight” rating on shares of Chevron Corporation in a research note on Saturday, September 16th. Scotiabank reiterated a “buy” rating on shares of Chevron Corporation in a research note on Friday, September 15th. Finally, Piper Jaffray Companies reiterated a “buy” rating on shares of Chevron Corporation in a research note on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Chevron Corporation has an average rating of “Buy” and an average target price of $116.88.

In related news, Director Linnet F. Deily sold 2,312 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $107.38, for a total value of $248,262.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Patricia E. Yarrington sold 39,000 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were 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 approximately $4,866,018. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,312 shares of company stock valued at $8,008,343. 0.38% of the stock is owned by insiders.

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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.

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

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