Wooster Corthell Wealth Management Inc. boosted its stake in shares of Chevron Corporation (NYSE:CVX) by 47.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,125 shares of the oil and gas company’s stock after buying an additional 1,008 shares during the quarter. Chevron Corporation makes up approximately 0.2% of Wooster Corthell Wealth Management Inc.’s portfolio, making the stock its 26th biggest position. Wooster Corthell Wealth Management Inc.’s holdings in Chevron Corporation were worth $326,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. SPC Financial Inc. lifted its holdings in Chevron Corporation by 2.1% during the 2nd quarter. SPC Financial Inc. now owns 4,500 shares of the oil and gas company’s stock worth $469,000 after buying an additional 92 shares during the period. Russell Investments Group Ltd. lifted its holdings in Chevron Corporation by 11.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,729,208 shares of the oil and gas company’s stock worth $180,413,000 after buying an additional 181,852 shares during the period. First Midwest Bank Trust Division lifted its holdings in Chevron Corporation by 2.6% during the 2nd quarter. First Midwest Bank Trust Division now owns 82,326 shares of the oil and gas company’s stock worth $8,589,000 after buying an additional 2,065 shares during the period. Wallington Asset Management LLC acquired a new position in Chevron Corporation during the 2nd quarter worth about $285,000. Finally, Cue Financial Group Inc. lifted its holdings in Chevron Corporation by 9.4% during the 2nd quarter. Cue Financial Group Inc. now owns 6,631 shares of the oil and gas company’s stock worth $692,000 after buying an additional 569 shares during the period. 62.74% of the stock is currently owned by hedge funds and other institutional investors.

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In related news, Director Linnet F. Deily sold 2,312 shares of the company’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 SEC, which can be accessed through this hyperlink. Also, CFO Patricia E. Yarrington sold 39,000 shares of the company’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 transaction, the chief financial officer now owns 43,838 shares in the company, valued at $4,866,018. The disclosure for this sale can be found here. Insiders have sold a total of 72,312 shares of company stock worth $8,008,343 over the last quarter. 0.38% of the stock is currently owned by insiders.

Several research firms have recently weighed in on CVX. BidaskClub lowered Chevron Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. Piper Jaffray Companies set a $119.00 price objective on Chevron Corporation and gave the stock a “buy” rating in a research report on Friday, August 25th. Wells Fargo & Company lowered Chevron Corporation to an “outperform” rating and lowered their price objective for the stock from $124.00 to $102.00 in a research report on Monday, July 17th. Jefferies Group LLC set a $130.00 price objective on Chevron Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Finally, Vetr raised Chevron Corporation from a “buy” rating to a “strong-buy” rating and set a $120.37 price objective for the company in a research report on Thursday, June 15th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $116.88.

Chevron Corporation (CVX) traded up 0.70% during mid-day trading on Friday, hitting $117.29. 5,307,066 shares of the stock were exchanged. The company’s 50-day moving average price is $109.87 and its 200 day moving average price is $107.14. Chevron Corporation has a 52 week low of $97.79 and a 52 week high of $119.00. The firm has a market capitalization of $222.26 billion, a price-to-earnings ratio of 38.03 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 EPS for the quarter, beating the consensus estimate of $0.89 by $0.02. The company had revenue of $34.48 billion for 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 period in the prior year, the firm posted ($0.78) EPS. Equities research analysts expect that Chevron Corporation will post $3.86 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 18th were issued a dividend of $1.08 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $4.32 annualized dividend and a yield of 3.68%. Chevron Corporation’s payout ratio is 140.26%.

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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