Wellington Shields & Co. LLC lifted its position in shares of Chevron Corporation (NYSE:CVX) by 0.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,907 shares of the oil and gas company’s stock after buying an additional 23 shares during the quarter. Wellington Shields & Co. LLC’s holdings in Chevron Corporation were worth $929,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp grew its holdings in Chevron Corporation by 1.1% in the first quarter. State Street Corp now owns 118,769,549 shares of the oil and gas company’s stock valued at $12,752,287,000 after purchasing an additional 1,261,078 shares during the period. Karp Capital Management Corp purchased a new stake in Chevron Corporation in the first quarter valued at approximately $77,388,000. Thomaspartners Inc. grew its holdings in Chevron Corporation by 30.5% in the first quarter. Thomaspartners Inc. now owns 2,815,231 shares of the oil and gas company’s stock valued at $302,271,000 after purchasing an additional 657,826 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in Chevron Corporation in the first quarter valued at approximately $37,785,000. Finally, CIBC World Markets Inc. grew its holdings in Chevron Corporation by 496.1% in the first quarter. CIBC World Markets Inc. now owns 390,832 shares of the oil and gas company’s stock valued at $41,964,000 after purchasing an additional 325,272 shares during the period. Institutional investors and hedge funds own 62.74% of the company’s stock.

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A number of equities research analysts recently issued reports on the stock. Jefferies Group LLC set a $135.00 target price on shares of Chevron Corporation and gave the company a “buy” rating in a report on Saturday, June 24th. Barclays PLC reaffirmed an “overweight” rating and set a $125.00 price target (up from $116.00) on shares of Chevron Corporation in a research report on Wednesday, July 12th. BidaskClub cut shares of Chevron Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of Chevron Corporation in a research report on Saturday, September 16th. Finally, Macquarie cut shares of Chevron Corporation from an “outperform” rating to a “neutral” rating and set a $105.00 price target on the stock. in a research report on Wednesday, June 21st. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $116.88.

Shares of Chevron Corporation (CVX) traded up 0.70% during mid-day trading on Friday, hitting $117.29. 5,307,066 shares of the company were exchanged. Chevron Corporation has a 12-month low of $97.79 and a 12-month high of $119.00. The stock has a market cap of $222.26 billion, a PE ratio of 38.08 and a beta of 1.23. The stock’s 50-day moving average price is $109.87 and its 200 day moving average price is $107.14.

Chevron Corporation (NYSE:CVX) last posted its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.02. Chevron Corporation had a return on equity of 4.13% and a net margin of 4.50%. The company had revenue of $34.48 billion during the quarter, compared to analysts’ expectations of $32.77 billion. During the same period in the prior year, the business earned ($0.78) earnings per share. Chevron Corporation’s revenue for the quarter was up 17.8% compared to the same quarter last year. On average, equities analysts anticipate that Chevron Corporation will post $3.86 EPS for the current fiscal year.

The company also recently announced 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 annualized dividend and a yield of 3.68%. Chevron Corporation’s dividend payout ratio (DPR) is currently 140.26%.

In related news, Director Linnet F. Deily sold 2,312 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $107.38, for a total value of $248,262.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James William Johnson sold 31,000 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $110.68, for a total value of $3,431,080.00. Following the completion of the transaction, the insider now directly 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 ninety days, insiders sold 72,312 shares of company stock valued at $8,008,343. 0.38% of the stock is owned by company insiders.

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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