BKS Advisors LLC lessened its stake in shares of Chevron Co. (NYSE:CVX) by 9.8% in the 3rd quarter, Holdings Channel reports. The firm owned 7,512 shares of the oil and gas company’s stock after selling 816 shares during the period. BKS Advisors LLC’s holdings in Chevron were worth $883,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CVX. Harbour Capital Advisors LLC raised its position in shares of Chevron by 10,213.3% during the 2nd quarter. Harbour Capital Advisors LLC now owns 5,709,042 shares of the oil and gas company’s stock worth $54,721,000 after purchasing an additional 5,653,686 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Chevron by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 139,626,287 shares of the oil and gas company’s stock worth $14,567,210,000 after purchasing an additional 3,920,240 shares during the last quarter. Capital World Investors raised its position in shares of Chevron by 9.8% during the 2nd quarter. Capital World Investors now owns 35,546,848 shares of the oil and gas company’s stock worth $3,708,603,000 after purchasing an additional 3,182,250 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Chevron by 669.9% during the 2nd quarter. Janus Henderson Group PLC now owns 3,230,554 shares of the oil and gas company’s stock worth $337,050,000 after purchasing an additional 2,810,928 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its position in shares of Chevron by 305,886.4% during the 3rd quarter. First Eagle Investment Management LLC now owns 2,613,124 shares of the oil and gas company’s stock worth $307,042,000 after purchasing an additional 2,612,270 shares during the last quarter. Hedge funds and other institutional investors own 64.06% of the company’s stock.

Shares of Chevron Co. (NYSE:CVX) opened at $113.50 on Monday. Chevron Co. has a one year low of $102.55 and a one year high of $133.88. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. The firm has a market cap of $215,580.00, a P/E ratio of 23.45, a PEG ratio of 2.23 and a beta of 1.15.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.54). Chevron had a net margin of 8.57% and a return on equity of 8.46%. The firm had revenue of $37.62 billion during the quarter, compared to analysts’ expectations of $38.43 billion. During the same period last year, the company earned $0.22 EPS. The business’s quarterly revenue was up 19.4% on a year-over-year basis. sell-side analysts forecast that Chevron Co. will post 6.36 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Friday, February 16th will be paid a $1.12 dividend. This is a boost from Chevron’s previous quarterly dividend of $1.08. The ex-dividend date is Thursday, February 15th. This represents a $4.48 annualized dividend and a dividend yield of 3.95%. Chevron’s dividend payout ratio is 89.26%.

CVX has been the subject of several research reports. Jefferies Group reaffirmed a “buy” rating and set a $137.00 price objective (up previously from $113.54) on shares of Chevron in a research note on Monday, October 30th. Goldman Sachs Group cut shares of Chevron from a “conviction-buy” rating to a “buy” rating in a research note on Monday, February 5th. Zacks Investment Research raised shares of Chevron from a “hold” rating to a “buy” rating and set a $131.00 price objective for the company in a research note on Friday, November 10th. Citigroup upped their price objective on shares of Chevron from $118.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, HSBC cut shares of Chevron from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $130.30.

In other news, insider Pierre R. Breber sold 23,250 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $119.00, for a total value of $2,766,750.00. Following the completion of the sale, the insider now owns 42,182 shares of the company’s stock, valued at approximately $5,019,658. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Patricia E. Yarrington sold 13,143 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $115.01, for a total transaction of $1,511,576.43. Following the completion of the sale, the chief financial officer now directly owns 17,981 shares of the company’s stock, valued at approximately $2,067,994.81. The disclosure for this sale can be found here. In the last three months, insiders sold 264,021 shares of company stock valued at $30,619,037. Corporate insiders own 0.38% of the company’s stock.

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Chevron 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 (NYSE:CVX)

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