Barton Investment Management reduced its position in Chevron Corp. (NYSE:CVX) by 33.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,088 shares of the company’s stock after selling 1,040 shares during the period. Barton Investment Management’s holdings in Chevron Corp. were worth $218,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in CVX. CT Financial Advisors LLC boosted its stake in Chevron Corp. by 4.6% in the first quarter. CT Financial Advisors LLC now owns 12,844 shares of the company’s stock worth $1,225,000 after buying an additional 559 shares during the period. Stock Yards Bank & Trust Co. boosted its position in Chevron Corp. by 5.6% in the first quarter. Stock Yards Bank & Trust Co. now owns 179,640 shares of the company’s stock valued at $17,138,000 after buying an additional 9,485 shares during the last quarter. West Oak Capital LLC boosted its position in Chevron Corp. by 9.0% in the first quarter. West Oak Capital LLC now owns 21,328 shares of the company’s stock valued at $2,035,000 after buying an additional 1,765 shares during the last quarter. First American Trust FSB boosted its position in Chevron Corp. by 12.5% in the first quarter. First American Trust FSB now owns 46,098 shares of the company’s stock valued at $4,398,000 after buying an additional 5,104 shares during the last quarter. Finally, Founders Capital Management LLC boosted its position in Chevron Corp. by 1.9% in the first quarter. Founders Capital Management LLC now owns 57,818 shares of the company’s stock valued at $5,516,000 after buying an additional 1,065 shares during the last quarter. 62.26% of the stock is currently owned by institutional investors and hedge funds.

Shares of Chevron Corp. (NYSE:CVX) traded down 1.67% during midday trading on Friday, hitting $97.84. 12,725,620 shares of the stock traded hands. The firm’s 50 day moving average price is $101.60 and its 200 day moving average price is $100.07. The company’s market capitalization is $184.58 billion. Chevron Corp. has a 12-month low of $75.10 and a 12-month high of $107.58.

Chevron Corp. (NYSE:CVX) last issued its quarterly earnings data on Friday, July 29th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $1.10. Chevron Corp. had a negative net margin of 0.64% and a positive return on equity of 1.07%. The business earned $29.28 billion during the quarter, compared to analyst estimates of $25.78 billion. During the same quarter in the prior year, the firm posted $0.30 earnings per share. Chevron Corp.’s revenue for the quarter was down 27.4% compared to the same quarter last year. Analysts expect that Chevron Corp. will post $1.29 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, August 19th were given a $1.07 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $4.28 annualized dividend and a dividend yield of 4.37%. Chevron Corp.’s dividend payout ratio is presently -1,097.44%.

Several research firms have commented on CVX. Vetr cut shares of Chevron Corp. from a “buy” rating to a “hold” rating and set a $105.55 target price on the stock. in a research note on Wednesday, May 25th. Credit Suisse Group AG reissued a “hold” rating and set a $100.00 target price on shares of Chevron Corp. in a research note on Thursday, June 2nd. Zacks Investment Research cut shares of Chevron Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Piper Jaffray Cos. raised shares of Chevron Corp. from a “neutral” rating to an “overweight” rating and raised their target price for the company from $110.00 to $117.00 in a research note on Tuesday, August 9th. Finally, Morgan Stanley reissued a “hold” rating and set a $85.00 target price on shares of Chevron Corp. in a research note on Wednesday, June 8th. Thirteen investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Chevron Corp. presently has a consensus rating of “Buy” and an average target price of $102.01.

In other news, Director Inge G. Thulin purchased 487 shares of Chevron Corp. stock in a transaction on Monday, August 15th. The stock was purchased at an average price of $102.87 per share, with a total value of $50,097.69. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider James William Johnson sold 10,945 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $101.44, for a total value of $1,110,260.80. Following the transaction, the insider now directly owns 13,000 shares of the company’s stock, valued at approximately $1,318,720. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

About Chevron Corp.

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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