Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Chevron Corporation (NYSE:CVX) by 0.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 214,463 shares of the oil and gas company’s stock after acquiring an additional 1,225 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Chevron Corporation were worth $22,374,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Thompson Davis & CO. Inc. raised its position in shares of Chevron Corporation by 20.0% during the first quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock valued at $123,000 after buying an additional 191 shares during the last quarter. Americafirst Capital Management LLC bought a new stake in shares of Chevron Corporation during the first quarter valued at approximately $140,000. Daiwa SB Investments Ltd. raised its position in shares of 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 valued at $146,000 after buying an additional 1,140 shares during the last quarter. New Capital Management LP raised its position in shares of 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 valued at $156,000 after buying an additional 4 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA raised its position in shares of 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 valued at $213,000 after buying an additional 160 shares during the last quarter. Institutional investors own 62.74% of the company’s stock.

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In other news, CFO Patricia E. Yarrington sold 39,000 shares of the stock in a transaction on 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 transaction, the chief financial officer now directly owns 43,838 shares in the company, valued at approximately $4,866,018. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Linnet F. Deily sold 2,312 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $107.38, for a total value of $248,262.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,312 shares of company stock valued at $8,008,343. Company insiders own 0.38% of the company’s stock.

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

Shares of Chevron Corporation (CVX) opened at 118.58 on Friday. The stock’s 50 day moving average is $112.57 and its 200-day moving average is $107.85. The stock has a market capitalization of $224.71 billion, a price-to-earnings ratio of 38.45 and a beta of 1.24. Chevron Corporation has a 52 week low of $99.61 and a 52 week high of $119.00.

Chevron Corporation (NYSE:CVX) last released its quarterly 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. The business had revenue of $34.48 billion during the quarter, compared to analysts’ expectations of $32.77 billion. Chevron Corporation had a return on equity of 4.13% and a net margin of 4.50%. The company’s revenue was up 17.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.78) EPS. On average, analysts anticipate that Chevron Corporation will post $3.93 earnings per share for the current fiscal year.

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

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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