Inverness Counsel LLC NY cut its stake in Chevron Corporation (NYSE:CVX) by 3.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 67,207 shares of the oil and gas company’s stock after selling 2,358 shares during the period. Inverness Counsel LLC NY’s holdings in Chevron Corporation were worth $7,012,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. State Street Corp increased its holdings in Chevron Corporation by 1.1% in the first quarter. State Street Corp now owns 118,769,549 shares of the oil and gas company’s stock valued at $12,752,287,000 after buying an additional 1,261,078 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Chevron Corporation by 1.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,721,044 shares of the oil and gas company’s stock valued at $614,268,000 after buying an additional 54,154 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Chevron Corporation by 4.0% in the second quarter. Fisher Asset Management LLC now owns 3,799,120 shares of the oil and gas company’s stock valued at $396,362,000 after buying an additional 147,750 shares in the last quarter. Thomaspartners Inc. increased its holdings in Chevron Corporation by 30.5% in the first quarter. Thomaspartners Inc. now owns 2,815,231 shares of the oil and gas company’s stock valued at $302,271,000 after buying an additional 657,826 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in Chevron Corporation by 0.9% in the first quarter. Great West Life Assurance Co. Can now owns 2,173,646 shares of the oil and gas company’s stock valued at $233,274,000 after buying an additional 19,944 shares in the last quarter. 62.73% of the stock is owned by institutional investors.

Shares of Chevron Corporation (NYSE CVX) opened at 117.03 on Monday. The stock has a market capitalization of $221.77 billion, a PE ratio of 37.95 and a beta of 1.24. Chevron Corporation has a 1-year low of $99.61 and a 1-year high of $119.00. The firm has a 50-day moving average of $112.88 and a 200 day moving average of $107.92.

Chevron Corporation (NYSE:CVX) last released its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.02. The firm had revenue of $34.48 billion for the quarter, compared to analyst estimates of $32.77 billion. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. The company’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.78) EPS. On average, equities analysts anticipate that Chevron Corporation will post $3.93 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 18th were paid a $1.08 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $4.32 annualized dividend and a yield of 3.69%. Chevron Corporation’s dividend payout ratio is presently 140.26%.

A number of research analysts have issued reports on CVX shares. BidaskClub raised shares of Chevron Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Vetr raised shares of Chevron Corporation from a “buy” rating to a “strong-buy” rating and set a $120.37 target price for the company in a report on Thursday, June 15th. Macquarie cut shares of Chevron Corporation from an “outperform” rating to a “neutral” rating and set a $105.00 target price for the company. in a report on Wednesday, June 21st. BMO Capital Markets set a $130.00 target price on shares of Chevron Corporation and gave the company a “buy” rating in a report on Thursday, June 22nd. Finally, Jefferies Group LLC set a $135.00 target price on shares of Chevron Corporation and gave the company a “buy” rating in a report on Saturday, June 24th. Three 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 company’s stock. The company has an average rating of “Buy” and an average target price of $116.82.

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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 shares were sold at an average price of $111.00, for a total transaction of $4,329,000.00. Following the transaction, the chief financial officer now owns 43,838 shares in the company, valued at approximately $4,866,018. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider James William Johnson sold 31,000 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $110.68, for a total transaction of $3,431,080.00. Following the transaction, the insider now owns 11,000 shares in the company, valued at approximately $1,217,480. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,312 shares of company stock worth $8,008,343. Company insiders own 0.38% of the company’s stock.

Chevron Corporation Company 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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