Spectrum Asset Management Inc. NB CA lessened its holdings in shares of Chevron Corporation (NYSE:CVX) by 0.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 20,066 shares of the oil and gas company’s stock after selling 50 shares during the period. Chevron Corporation accounts for about 1.9% of Spectrum Asset Management Inc. NB CA’s portfolio, making the stock its 12th largest position. Spectrum Asset Management Inc. NB CA’s holdings in Chevron Corporation were worth $2,093,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Thompson Davis & CO. Inc. grew its holdings in shares of Chevron Corporation by 20.0% during the first 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 during the last quarter. Winfield Associates Inc. grew its holdings in shares of Chevron Corporation by 5.1% during the second quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock worth $136,000 after purchasing an additional 63 shares during the last quarter. Daiwa SB Investments Ltd. grew its holdings 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 purchasing an additional 1,140 shares during the last quarter. New Capital Management LP grew its holdings in shares of Chevron Corporation by 0.3% during the first 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 during the last quarter. Finally, Terril Brothers Inc. grew its holdings in shares of Chevron Corporation by 5.4% during the second quarter. Terril Brothers Inc. now owns 2,025 shares of the oil and gas company’s stock worth $211,000 after purchasing an additional 104 shares during the last quarter. Institutional investors own 62.72% of the company’s stock.

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In other news, CFO Patricia E. Yarrington sold 39,000 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $111.00, for a total value 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 approximately $4,866,018. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP R. Hewitt Pate sold 25,500 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $120.00, for a total value of $3,060,000.00. Following the completion of the transaction, the vice president now directly owns 25,500 shares in the company, valued at $3,060,000. The disclosure for this sale can be found here. Insiders sold a total of 97,812 shares of company stock worth $11,068,343 over the last three months. 0.38% of the stock is owned by company insiders.

Shares of Chevron Corporation (NYSE:CVX) opened at 118.64 on Friday. The company has a market capitalization of $224.82 billion, a P/E ratio of 38.47 and a beta of 1.24. Chevron Corporation has a one year low of $99.87 and a one year high of $120.00. The firm has a 50 day moving average price of $116.24 and a 200 day moving average price of $108.72.

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. The company had revenue of $34.48 billion for the quarter, compared to the consensus estimate of $32.77 billion. Chevron Corporation had a return on equity of 4.13% and a net margin of 4.50%. The firm’s revenue was up 17.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.78) EPS. On average, equities research analysts predict that Chevron Corporation will post $4.08 EPS for the current fiscal year.

CVX has been the topic of several research reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $137.00 price target on shares of Chevron Corporation in a research note on Thursday. Wells Fargo & Co reaffirmed a “market perform” rating on shares of Chevron Corporation in a research note on Thursday. They noted that the move was a valuation call. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Chevron Corporation in a research note on Thursday, August 3rd. BMO Capital Markets lowered Chevron Corporation from an “outperform” rating to a “market perform” rating and set a $120.00 price target on the stock. in a research note on Wednesday. They noted that the move was a valuation call. Finally, Societe Generale lowered Chevron Corporation from a “buy” rating to a “hold” rating and upped their price target for the company from $120.00 to $130.00 in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $119.66.

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.

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Institutional Ownership by Quarter for Chevron Corporation (NYSE:CVX)

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