Warren Averett Asset Management LLC trimmed its stake in shares of Chevron Corporation (NYSE:CVX) by 1.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,132 shares of the oil and gas company’s stock after selling 283 shares during the quarter. Chevron Corporation comprises 0.6% of Warren Averett Asset Management LLC’s holdings, making the stock its 24th biggest position. Warren Averett Asset Management LLC’s holdings in Chevron Corporation were worth $2,309,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. raised its holdings in shares of Chevron Corporation by 20.0% in the 1st quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock worth $123,000 after purchasing an additional 191 shares in the last quarter. Daiwa SB Investments Ltd. raised its holdings in shares of Chevron Corporation by 438.5% in the 2nd quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after purchasing an additional 1,140 shares in the last quarter. New Capital Management LP raised its holdings in shares of Chevron Corporation by 0.3% in the 1st quarter. New Capital Management LP now owns 1,455 shares of the oil and gas company’s stock worth $156,000 after purchasing an additional 4 shares in the last quarter. Marshall & Sullivan Inc. WA raised its holdings in shares of Chevron Corporation by 8.8% in the 1st quarter. Marshall & Sullivan Inc. WA now owns 1,985 shares of the oil and gas company’s stock worth $213,000 after purchasing an additional 160 shares in the last quarter. Finally, Harwood Advisory Group LLC raised its holdings in shares of Chevron Corporation by 22.0% in the 1st quarter. Harwood Advisory Group LLC now owns 2,137 shares of the oil and gas company’s stock worth $229,000 after purchasing an additional 386 shares in the last quarter. Institutional investors own 62.72% of the company’s stock.

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A number of analysts recently commented on CVX shares. Macquarie downgraded shares of Chevron Corporation from an “outperform” rating to a “neutral” rating and set a $105.00 target price on the stock. in a report on Wednesday, June 21st. Piper Jaffray Companies reiterated a “buy” rating on shares of Chevron Corporation in a report on Thursday, August 3rd. Jefferies Group LLC reiterated a “buy” rating and issued a $130.00 target price on shares of Chevron Corporation in a report on Tuesday, October 3rd. BidaskClub downgraded shares of Chevron Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Finally, Wells Fargo & Company downgraded shares of Chevron Corporation to an “outperform” rating and dropped their target price for the stock from $124.00 to $102.00 in a report on Monday, July 17th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the company. Chevron Corporation presently has a consensus rating of “Hold” and an average price target of $117.30.

Chevron Corporation (NYSE CVX) opened at 120.13 on Tuesday. The stock has a market capitalization of $227.65 billion, a P/E ratio of 38.95 and a beta of 1.24. The company’s 50-day moving average is $114.83 and its 200-day moving average is $108.32. Chevron Corporation has a 12 month low of $99.87 and a 12 month high of $120.89.

Chevron Corporation (NYSE:CVX) last issued its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.02. The company had revenue of $34.48 billion during the quarter, compared to analysts’ expectations of $32.77 billion. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. The business’s quarterly revenue was up 17.8% on a year-over-year basis. During the same period last year, the business earned ($0.78) EPS. Equities analysts anticipate that Chevron Corporation will post $4.04 earnings per share for the current year.

In other news, Director Linnet F. Deily sold 2,312 shares of the firm’s stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Patricia E. Yarrington sold 39,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was 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 directly owns 43,838 shares of the company’s stock, 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 valued at $8,008,343 over the last ninety days. Company insiders own 0.38% of the company’s stock.

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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