Baldwin Brothers Inc. MA lowered its holdings in Chevron Corporation (NYSE:CVX) by 27.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,653 shares of the oil and gas company’s stock after selling 3,575 shares during the quarter. Baldwin Brothers Inc. MA’s holdings in Chevron Corporation were worth $1,007,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CVX. Thompson Davis & CO. Inc. increased its stake in shares of Chevron Corporation by 20.0% in the first quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock worth $123,000 after acquiring an additional 191 shares during the period. Americafirst Capital Management LLC purchased a new stake in Chevron Corporation during the first quarter worth $140,000. Daiwa SB Investments Ltd. boosted its holdings in Chevron Corporation by 438.5% during the second quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after buying an additional 1,140 shares in the last quarter. New Capital Management LP boosted its holdings in Chevron Corporation by 0.3% during the first quarter. New Capital Management LP now owns 1,455 shares of the oil and gas company’s stock worth $156,000 after buying an additional 4 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA boosted its holdings in Chevron Corporation by 8.8% during the first quarter. Marshall & Sullivan Inc. WA now owns 1,985 shares of the oil and gas company’s stock worth $213,000 after buying an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 62.74% of the company’s stock.

Shares of Chevron Corporation (NYSE CVX) traded down 1.24% during midday trading on Friday, hitting $117.11. 1,615,779 shares of the company’s stock were exchanged. Chevron Corporation has a one year low of $99.61 and a one year high of $119.00. The firm has a market cap of $221.92 billion, a PE ratio of 37.97 and a beta of 1.24. The stock’s 50-day moving average price is $112.57 and its 200 day moving average price is $107.85.

Chevron Corporation (NYSE:CVX) last posted its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.02. The company had revenue of $34.48 billion during the quarter, compared to the consensus estimate of $32.77 billion. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. The company’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.78) EPS. Equities research analysts forecast that Chevron Corporation will post $3.93 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 18th were given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Wednesday, August 16th. Chevron Corporation’s dividend payout ratio (DPR) is presently 140.26%.

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A number of analysts recently issued reports on the stock. Jefferies Group LLC reissued a “buy” rating and set a $130.00 price target on shares of Chevron Corporation in a report on Tuesday. Wells Fargo & Company reissued a “market perform” rating and set a $108.00 price target (up from $100.00) on shares of Chevron Corporation in a report on Tuesday. Bank of America Corporation reissued a “buy” rating and set a $125.00 price target (up from $120.00) on shares of Chevron Corporation in a report on Tuesday. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $123.00 price target (up from $118.00) on shares of Chevron Corporation in a report on Tuesday, September 19th. Finally, Cowen and Company reissued a “buy” rating and set a $122.00 price target on shares of Chevron Corporation in a report on Tuesday, September 19th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $116.82.

In related news, CFO Patricia E. Yarrington sold 39,000 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $111.00, for a total transaction of $4,329,000.00. Following the completion of the sale, the chief financial officer now owns 43,838 shares of the company’s stock, valued at approximately $4,866,018. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Linnet F. Deily sold 2,312 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $107.38, for a total transaction of $248,262.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,312 shares of company stock valued at $8,008,343. Corporate insiders own 0.38% of the company’s stock.

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.

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

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