ARS Investment Partners LLC decreased its position in shares of Chevron Corporation (NYSE:CVX) by 19.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,740 shares of the oil and gas company’s stock after selling 8,001 shares during the period. ARS Investment Partners LLC’s holdings in Chevron Corporation were worth $3,416,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Shine Investment Advisory Services Inc. bought a new position in Chevron Corporation during the 2nd quarter worth $106,000. Thompson Davis & CO. Inc. grew its holdings in shares of Chevron Corporation by 20.0% during the 1st 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 in the last quarter. Winfield Associates Inc. grew its holdings in shares of Chevron Corporation by 5.1% during the 2nd 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 in the last quarter. Daiwa SB Investments Ltd. grew its holdings in shares of Chevron Corporation by 438.5% during the 2nd 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 in the last quarter. Finally, New Capital Management LP grew its holdings in shares of Chevron Corporation by 0.3% during the 1st 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 in the last quarter. Hedge funds and other institutional investors own 63.15% of the company’s stock.

Several analysts have recently issued reports on CVX shares. Jefferies Group LLC reissued a “buy” rating and set a $137.00 target price (up from $113.54) on shares of Chevron Corporation in a report on Monday, October 30th. Piper Jaffray Companies reissued a “buy” rating on shares of Chevron Corporation in a report on Thursday, August 3rd. Zacks Investment Research raised Chevron Corporation from a “hold” rating to a “buy” rating and set a $131.00 target price on the stock in a report on Friday, November 10th. Citigroup Inc. increased their target price on Chevron Corporation from $118.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, October 30th. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $123.00 target price (up from $118.00) on shares of Chevron Corporation in a report on Tuesday, September 19th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $120.54.

In other Chevron Corporation news, VP R. Hewitt Pate sold 25,500 shares of the stock in a transaction dated Monday, October 16th. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Patricia E. Yarrington sold 13,143 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $115.01, for a total value of $1,511,576.43. Following the completion of the transaction, the chief financial officer now owns 17,981 shares of the company’s stock, valued at $2,067,994.81. The disclosure for this sale can be found here. Insiders sold 179,979 shares of company stock valued at $20,905,804 over the last quarter. Corporate insiders own 0.38% of the company’s stock.

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Chevron Corporation (CVX) opened at $115.91 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 0.84. The company has a market capitalization of $220,156.44, a PE ratio of 32.47, a price-to-earnings-growth ratio of 3.82 and a beta of 1.22. Chevron Corporation has a 1 year low of $102.55 and a 1 year high of $120.89.

Chevron Corporation (NYSE:CVX) last posted its earnings results on Friday, October 27th. The oil and gas company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.99 by $0.04. The firm had revenue of $36.21 billion during the quarter, compared to the consensus estimate of $34.06 billion. Chevron Corporation had a return on equity of 4.59% and a net margin of 4.79%. The business’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period last year, the company earned $0.68 earnings per share. equities research analysts anticipate that Chevron Corporation will post 4.33 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 17th will be given a $1.08 dividend. The ex-dividend date is Thursday, November 16th. This represents a $4.32 annualized dividend and a yield of 3.73%. Chevron Corporation’s dividend payout ratio is presently 125.95%.

Chevron Corporation Profile

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.

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

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