Fulton Bank N.A. raised its position in shares of Chevron Corporation (NYSE:CVX) by 18.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,305 shares of the oil and gas company’s stock after buying an additional 6,987 shares during the period. Fulton Bank N.A.’s holdings in Chevron Corporation were worth $4,727,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its position in shares of Chevron Corporation by 7.3% during the second quarter. Private Trust Co. NA now owns 43,926 shares of the oil and gas company’s stock worth $4,582,000 after buying an additional 2,997 shares during the period. Heritage Investors Management Corp boosted its position in shares of Chevron Corporation by 0.6% during the second quarter. Heritage Investors Management Corp now owns 144,272 shares of the oil and gas company’s stock worth $15,052,000 after buying an additional 851 shares during the period. Gillespie Robinson & Grimm Inc. boosted its position in shares of Chevron Corporation by 4.0% during the second quarter. Gillespie Robinson & Grimm Inc. now owns 180,273 shares of the oil and gas company’s stock worth $18,808,000 after buying an additional 6,892 shares during the period. Daiwa SB Investments Ltd. boosted its position in shares of Chevron Corporation by 438.5% during the second quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after buying an additional 1,140 shares during the period. Finally, Atria Investments LLC boosted its position in shares of Chevron Corporation by 5.8% during the second quarter. Atria Investments LLC now owns 44,797 shares of the oil and gas company’s stock worth $4,674,000 after buying an additional 2,453 shares during the period. Institutional investors and hedge funds own 62.74% of the company’s stock.

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Chevron Corporation (NYSE:CVX) traded up 0.67% during mid-day trading on Monday, hitting $118.08. The stock had a trading volume of 1,870,435 shares. The stock has a market cap of $223.76 billion, a P/E ratio of 38.29 and a beta of 1.23. The company has a 50 day moving average price of $109.87 and a 200 day moving average price of $107.14. Chevron Corporation has a one year low of $97.79 and a one year high of $119.00. Chevron Corporation also was the target of some unusual options trading activity on Friday. Stock investors purchased 8,370 put options on the company. This represents an increase of approximately 119% compared to the average volume of 3,819 put options.

Chevron Corporation (NYSE:CVX) last issued its earnings results on Friday, July 28th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.02. The business had revenue of $34.48 billion for 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%. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.78) EPS. On average, equities analysts anticipate that Chevron Corporation will post $3.86 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, August 18th were paid a $1.08 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.68%. Chevron Corporation’s dividend payout ratio (DPR) is presently 140.26%.

In other news, 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 value of $4,329,000.00. Following the sale, the chief financial officer now 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 is accessible through the SEC website. Also, insider James William Johnson sold 31,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $110.68, for a total transaction of $3,431,080.00. Following the completion of the sale, the insider now owns 11,000 shares in the company, valued at approximately $1,217,480. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,312 shares of company stock worth $8,008,343. Company insiders own 0.38% of the company’s stock.

Several research analysts have recently commented on the company. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $123.00 price target (up from $118.00) on shares of Chevron Corporation in a research report on Tuesday, September 19th. Cowen and Company restated a “buy” rating and set a $122.00 price target on shares of Chevron Corporation in a research report on Tuesday, September 19th. J P Morgan Chase & Co restated an “overweight” rating on shares of Chevron Corporation in a research report on Saturday, September 16th. Scotiabank restated a “buy” rating on shares of Chevron Corporation in a research report on Friday, September 15th. Finally, Piper Jaffray Companies restated a “buy” rating on shares of Chevron Corporation in a research report on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $116.88.

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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