Affinity Investment Advisors LLC lessened its holdings in shares of Chevron Co. (NYSE:CVX) by 16.5% in the second quarter, HoldingsChannel reports. The firm owned 119,974 shares of the oil and gas company’s stock after selling 23,771 shares during the period. Chevron comprises 2.1% of Affinity Investment Advisors LLC’s portfolio, making the stock its 7th largest holding. Affinity Investment Advisors LLC’s holdings in Chevron were worth $15,168,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Live Your Vision LLC lifted its holdings in Chevron by 308.0% during the 2nd quarter. Live Your Vision LLC now owns 816 shares of the oil and gas company’s stock worth $101,000 after buying an additional 616 shares during the last quarter. Litman Gregory Asset Management LLC lifted its holdings in Chevron by 566.9% during 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 buying an additional 975 shares during the last quarter. Point72 Asia Hong Kong Ltd lifted its holdings in Chevron by 20,716.7% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 1,249 shares of the oil and gas company’s stock worth $142,000 after buying an additional 1,243 shares during the last quarter. Shine Investment Advisory Services Inc. lifted its holdings in Chevron by 45.4% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 1,479 shares of the oil and gas company’s stock worth $187,000 after buying an additional 462 shares during the last quarter. Finally, First National Bank of Hutchinson bought a new position in Chevron during the 2nd quarter worth approximately $200,000. Hedge funds and other institutional investors own 64.66% of the company’s stock.

In other news, insider James William Johnson sold 4,750 shares of Chevron stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $116.00, for a total transaction of $551,000.00. Following the transaction, the insider now directly owns 4,750 shares in the company, valued at approximately $551,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.38% of the stock is currently owned by company insiders.

Several analysts recently issued reports on the company. Berenberg Bank assumed coverage on Chevron in a report on Tuesday, September 11th. They issued a “hold” rating and a $135.00 price target on the stock. Bank of America downgraded Chevron from a “buy” rating to a “neutral” rating and cut their price target for the stock from $150.00 to $135.00 in a report on Thursday, September 6th. Barclays raised their price target on Chevron from $145.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday, July 11th. Credit Suisse Group set a $132.00 price target on Chevron and gave the stock a “hold” rating in a report on Sunday, July 1st. Finally, Royal Bank of Canada reissued a “neutral” rating and issued a $145.00 price target on shares of Chevron in a report on Monday, July 2nd. Nine analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $137.17.

Shares of CVX stock opened at $111.53 on Monday. Chevron Co. has a 1 year low of $108.02 and a 1 year high of $133.88. The firm has a market cap of $213.71 billion, a PE ratio of 20.50, a PEG ratio of 1.95 and a beta of 1.07. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.87 and a current ratio of 1.08.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, July 27th. The oil and gas company reported $1.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.09 by ($0.31). Chevron had a net margin of 7.87% and a return on equity of 6.89%. The firm had revenue of $42.24 billion for the quarter, compared to analyst estimates of $46.62 billion. During the same quarter last year, the business posted $0.77 earnings per share. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. As a group, research analysts expect that Chevron Co. will post 8.16 earnings per share for the current year.

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.

Further Reading: Float

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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