Greenwood Gearhart Inc. grew its stake in shares of Chevron Co. (NYSE:CVX) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,437 shares of the oil and gas company’s stock after buying an additional 774 shares during the quarter. Chevron accounts for approximately 2.6% of Greenwood Gearhart Inc.’s portfolio, making the stock its 5th largest holding. Greenwood Gearhart Inc.’s holdings in Chevron were worth $8,779,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CVX. Reilly Herbert Faulkner III grew its stake in shares of Chevron by 4.5% in the first quarter. Reilly Herbert Faulkner III now owns 30,697 shares of the oil and gas company’s stock worth $3,501,000 after purchasing an additional 1,334 shares during the last quarter. AMG National Trust Bank grew its stake in shares of Chevron by 19.6% in the second quarter. AMG National Trust Bank now owns 6,354 shares of the oil and gas company’s stock worth $803,000 after purchasing an additional 1,041 shares during the last quarter. Fiera Capital Corp grew its stake in shares of Chevron by 1.6% in the first quarter. Fiera Capital Corp now owns 298,283 shares of the oil and gas company’s stock worth $34,016,000 after purchasing an additional 4,800 shares during the last quarter. BP PLC grew its stake in shares of Chevron by 10.6% in the second quarter. BP PLC now owns 240,000 shares of the oil and gas company’s stock worth $30,334,000 after purchasing an additional 23,000 shares during the last quarter. Finally, Altman Advisors Inc. grew its stake in shares of Chevron by 84.8% in the second quarter. Altman Advisors Inc. now owns 32,450 shares of the oil and gas company’s stock worth $2,115,000 after purchasing an additional 14,891 shares during the last quarter. 64.66% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider James William Johnson sold 4,750 shares of Chevron stock in a transaction that occurred on Thursday, October 11th. The shares were sold at an average price of $119.97, for a total transaction of $569,857.50. Following the completion of the transaction, the insider now directly owns 4,750 shares in the company, valued at $569,857.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.38% of the company’s stock.

Several analysts recently issued reports on the company. Wells Fargo & Co cut their target price on Chevron from $160.00 to $158.00 and set an “outperform” rating on the stock in a research note on Monday, November 5th. Bank of America reissued a “neutral” rating and issued a $140.00 target price (up from $135.00) on shares of Chevron in a research note on Monday, November 5th. Credit Suisse Group raised Chevron from a “neutral” rating to an “outperform” rating and set a $138.00 target price on the stock in a research note on Monday, November 5th. Piper Jaffray Companies reissued an “overweight” rating on shares of Chevron in a research note on Tuesday, October 23rd. Finally, Redburn Partners cut Chevron from a “buy” rating to a “neutral” rating and cut their target price for the stock from $130.00 to $115.00 in a research note on Wednesday, October 3rd. Eight investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Chevron currently has an average rating of “Buy” and an average price target of $138.13.

Shares of CVX opened at $119.51 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 one year low of $107.54 and a one year high of $133.88. The stock has a market capitalization of $231.60 billion, a price-to-earnings ratio of 18.54, a P/E/G ratio of 2.07 and a beta of 1.12.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, November 2nd. The oil and gas company reported $2.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.06 by $0.05. Chevron had a net margin of 8.79% and a return on equity of 8.24%. The business had revenue of $43.99 billion during the quarter, compared to analyst estimates of $47.17 billion. During the same period last year, the business posted $1.03 earnings per share. Chevron’s quarterly revenue was up 21.5% compared to the same quarter last year. Sell-side analysts predict that Chevron Co. will post 8.31 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 16th will be issued a $1.12 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $4.48 annualized dividend and a yield of 3.75%. Chevron’s dividend payout ratio (DPR) is presently 121.08%.

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About Chevron

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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