Salem Capital Management Inc. continued to hold its position in Chevron Corporation (NYSE:CVX) during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,350 shares of the oil and gas company’s stock at the end of the second quarter. Salem Capital Management Inc.’s holdings in Chevron Corporation were worth $975,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CVX. Mutual of Omaha Bank Wealth Management increased its position in shares of Chevron Corporation by 7.9% during the first quarter. Mutual of Omaha Bank Wealth Management now owns 36,405 shares of the oil and gas company’s stock worth $3,909,000 after acquiring an additional 2,650 shares during the period. Newman Dignan & Sheerar Inc. increased its position in shares of Chevron Corporation by 4.9% during the first quarter. Newman Dignan & Sheerar Inc. now owns 12,817 shares of the oil and gas company’s stock worth $1,376,000 after acquiring an additional 598 shares during the period. Country Club Trust Company n.a. increased its position in shares of Chevron Corporation by 0.3% during the first quarter. Country Club Trust Company n.a. now owns 80,169 shares of the oil and gas company’s stock worth $8,607,000 after acquiring an additional 270 shares during the period. National Pension Service increased its position in shares of Chevron Corporation by 4.5% during the first quarter. National Pension Service now owns 1,276,546 shares of the oil and gas company’s stock worth $137,586,000 after acquiring an additional 55,067 shares during the period. Finally, LVM Capital Management Ltd. MI increased its position in shares of Chevron Corporation by 0.6% during the first quarter. LVM Capital Management Ltd. MI now owns 27,920 shares of the oil and gas company’s stock worth $2,998,000 after acquiring an additional 175 shares during the period. Institutional investors own 62.74% of the company’s stock.

In related news, Director Linnet F. Deily sold 2,312 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $107.38, for a total transaction of $248,262.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Patricia E. Yarrington sold 39,000 shares of the business’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 sale, the chief financial officer now directly 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 ninety days, insiders have sold 72,312 shares of company stock valued at $8,008,343. Insiders own 0.38% of the company’s stock.

A number of research firms have recently weighed in on CVX. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Chevron Corporation in a research report on Thursday, August 3rd. Jefferies Group LLC set a $135.00 price objective on Chevron Corporation and gave the stock a “buy” rating in a research report on Saturday, June 24th. Zacks Investment Research raised Chevron Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Scotiabank reaffirmed a “buy” rating on shares of Chevron Corporation in a research report on Friday, September 15th. Finally, BNP Paribas raised Chevron Corporation from an “underperform” rating to a “neutral” rating and set a $105.00 price objective on the stock in a research report on Monday, August 7th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Chevron Corporation has a consensus rating of “Buy” and a consensus price target of $116.88.

Chevron Corporation (CVX) traded up 0.0495% during trading on Thursday, reaching $116.4276. 1,353,324 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $109.87 and a 200 day moving average price of $107.14. The stock has a market capitalization of $220.63 billion, a P/E ratio of 37.7521 and a beta of 1.23. Chevron Corporation has a 1-year low of $97.79 and a 1-year high of $119.00.

Chevron Corporation (NYSE:CVX) last released its earnings results on Friday, July 28th. The oil and gas company reported $0.91 earnings per share 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 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 company’s revenue was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.78) EPS. Equities research analysts expect that Chevron Corporation will post $3.86 earnings per share for the current year.

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

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Chevron Corporation 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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