Carroll Financial Associates Inc. lowered its stake in shares of Chevron Corporation (NYSE:CVX) by 2.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,160 shares of the oil and gas company’s stock after selling 482 shares during the period. Carroll Financial Associates Inc.’s holdings in Chevron Corporation were worth $2,520,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Thompson Davis & CO. Inc. increased its holdings 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 purchasing an additional 191 shares during the period. Americafirst Capital Management LLC bought a new position in shares of Chevron Corporation in the first quarter worth $140,000. Daiwa SB Investments Ltd. increased its holdings in shares of Chevron Corporation by 438.5% in the second 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 during the period. New Capital Management LP increased its holdings in shares of Chevron Corporation by 0.3% in the first 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 during the period. Finally, Marshall & Sullivan Inc. WA increased its holdings in shares of Chevron Corporation by 8.8% in the first quarter. Marshall & Sullivan Inc. WA now owns 1,985 shares of the oil and gas company’s stock worth $213,000 after purchasing an additional 160 shares during the period. Hedge funds and other institutional investors own 62.74% of the company’s stock.

Chevron Corporation (CVX) traded up 0.70% during mid-day trading on Friday, reaching $117.29. 5,307,066 shares of the company’s stock traded hands. The firm has a market cap of $222.26 billion, a price-to-earnings ratio of 38.03 and a beta of 1.23. Chevron Corporation has a one year low of $97.79 and a one year high of $119.00. The firm’s 50-day moving average price is $109.87 and its 200 day moving average price is $107.14.

Chevron Corporation (NYSE:CVX) last posted its earnings results on Friday, July 28th. The oil and gas company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.02. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. The firm had revenue of $34.48 billion for the quarter, compared to the consensus estimate of $32.77 billion. During the same period in the previous year, the firm posted ($0.78) EPS. The business’s quarterly revenue was up 17.8% on a year-over-year basis. On average, equities analysts forecast that Chevron Corporation will post $3.86 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, August 18th were issued a $1.08 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.68%. Chevron Corporation’s dividend payout ratio (DPR) is presently 140.26%.

CVX has been the topic of several research analyst reports. UBS AG set a $105.00 price target on shares of Chevron Corporation and gave the stock a “neutral” rating in a report on Wednesday, September 6th. Zacks Investment Research cut shares of Chevron Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Credit Suisse Group set a $123.00 price target on shares of Chevron Corporation and gave the stock a “buy” rating in a report on Friday, August 25th. Jefferies Group LLC set a $130.00 price target on shares of Chevron Corporation and gave the stock a “buy” rating in a report on Tuesday, August 29th. Finally, BidaskClub cut shares of Chevron Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $116.88.

In other news, Director Linnet F. Deily sold 2,312 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $107.38, for a total value of $248,262.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Patricia E. Yarrington sold 39,000 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was 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 in the company, valued at $4,866,018. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,312 shares of company stock worth $8,008,343. Insiders own 0.38% of the company’s stock.

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About Chevron Corporation

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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