FNY Investment Advisers LLC purchased a new position in shares of Chevron Co. (NYSE:CVX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,932 shares of the oil and gas company’s stock, valued at approximately $370,000.

A number of other institutional investors have also recently added to or reduced their stakes in CVX. Live Your Vision LLC increased its position in shares of Chevron by 308.0% in the 2nd quarter. Live Your Vision LLC now owns 816 shares of the oil and gas company’s stock worth $101,000 after purchasing an additional 616 shares during the last quarter. Earnest Partners LLC bought a new stake in shares of Chevron in the 4th quarter worth about $114,000. Advisors Preferred LLC bought a new stake in shares of Chevron in the 1st quarter worth about $110,000. Virtue Capital Management LLC bought a new stake in shares of Chevron in the 4th quarter worth about $128,000. Finally, Litman Gregory Asset Management LLC increased its position in shares of Chevron by 566.9% in the 1st quarter. Litman Gregory Asset Management LLC now owns 1,147 shares of the oil and gas company’s stock worth $131,000 after purchasing an additional 975 shares during the last quarter. 65.02% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:CVX opened at $116.30 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.08 and a debt-to-equity ratio of 0.20. Chevron Co. has a fifty-two week low of $108.02 and a fifty-two week high of $133.88. The stock has a market cap of $220.40 billion, a P/E ratio of 31.43, a price-to-earnings-growth ratio of 2.03 and a beta of 1.06.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, July 27th. The oil and gas company reported $1.78 earnings per share for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.31). The business had revenue of $42.24 billion for the quarter, compared to the consensus estimate of $46.62 billion. Chevron had a net margin of 7.87% and a return on equity of 6.89%. Chevron’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.77 EPS. equities analysts expect that Chevron Co. will post 8.11 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Friday, August 17th were paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend was Thursday, August 16th. Chevron’s payout ratio is 121.08%.

Several equities research analysts have recently weighed in on CVX shares. Raymond James raised shares of Chevron from a “market perform” rating to an “outperform” rating in a research report on Monday, June 18th. Zacks Investment Research downgraded shares of Chevron from a “buy” rating to a “hold” rating in a research report on Monday, July 23rd. Wells Fargo & Co boosted their target price on shares of Chevron from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, June 7th. ValuEngine downgraded shares of Chevron from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Finally, Goldman Sachs Group reissued a “buy” rating and issued a $141.00 target price on shares of Chevron in a research report on Tuesday, July 31st. Nine equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $138.17.

In other Chevron news, insider James William Johnson sold 4,750 shares of the business’s stock in a transaction dated Thursday, July 12th. The shares were sold at an average price of $124.20, for a total transaction of $589,950.00. Following the completion of the transaction, the insider now directly owns 4,750 shares of the company’s stock, valued at approximately $589,950. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.38% of the company’s stock.

Chevron Profile

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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