Greystone Managed Investments Inc. raised its holdings in shares of Chevron Corporation (NYSE:CVX) by 8.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 135,612 shares of the oil and gas company’s stock after buying an additional 10,091 shares during the quarter. Chevron Corporation comprises 0.7% of Greystone Managed Investments Inc.’s investment portfolio, making the stock its 29th largest holding. Greystone Managed Investments Inc.’s holdings in Chevron Corporation were worth $14,148,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Thompson Davis & CO. Inc. raised its stake in shares of Chevron Corporation by 20.0% in the first quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock valued at $123,000 after purchasing an additional 191 shares in the last quarter. Daiwa SB Investments Ltd. raised its stake in shares of Chevron Corporation by 438.5% in the second quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock valued at $146,000 after purchasing an additional 1,140 shares in the last quarter. New Capital Management LP raised its stake in shares of Chevron Corporation by 0.3% in the first quarter. New Capital Management LP now owns 1,455 shares of the oil and gas company’s stock valued at $156,000 after purchasing an additional 4 shares in the last quarter. Marshall & Sullivan Inc. WA raised its stake in shares of Chevron Corporation by 8.8% in the first quarter. Marshall & Sullivan Inc. WA now owns 1,985 shares of the oil and gas company’s stock valued at $213,000 after purchasing an additional 160 shares in the last quarter. Finally, Harwood Advisory Group LLC raised its stake in shares of Chevron Corporation by 22.0% in the first quarter. Harwood Advisory Group LLC now owns 2,137 shares of the oil and gas company’s stock valued at $229,000 after purchasing an additional 386 shares in the last quarter. Institutional investors own 62.73% of the company’s stock.

Shares of Chevron Corporation (CVX) opened at 119.16 on Friday. The firm has a market cap of $225.81 billion, a price-to-earnings ratio of 38.64 and a beta of 1.24. Chevron Corporation has a 52-week low of $99.87 and a 52-week high of $120.00. The stock’s 50 day moving average price is $114.64 and its 200-day moving average price is $108.31.

Chevron Corporation (NYSE:CVX) last announced its quarterly earnings data 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. 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 for the quarter, compared to the consensus estimate of $32.77 billion. During the same period in the previous year, the business earned ($0.78) EPS. The firm’s revenue was up 17.8% compared to the same quarter last year. On average, analysts forecast that Chevron Corporation will post $3.99 EPS for the current year.

A number of research analysts recently commented on the company. Barclays PLC upgraded Chevron Corporation to an “overweight” rating in a research note on Wednesday. Jefferies Group LLC restated a “buy” rating and issued a $130.00 target price on shares of Chevron Corporation in a research note on Tuesday, October 3rd. Bank of America Corporation restated a “buy” rating and issued a $125.00 target price (up from $120.00) on shares of Chevron Corporation in a research note on Tuesday, October 3rd. Wells Fargo & Company reiterated a “market perform” rating and issued a $108.00 price target (up from $100.00) on shares of Chevron Corporation in a research report on Tuesday, October 3rd. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $123.00 price target (up from $118.00) on shares of Chevron Corporation in a research report on Tuesday, September 19th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $117.07.

In related news, Director Linnet F. Deily sold 2,312 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $107.38, for a total transaction of $248,262.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider James William Johnson sold 31,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 11,000 shares in the company, valued at $1,217,480. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 72,312 shares of company stock worth $8,008,343. 0.38% of the stock is owned by company 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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