Deroy & Devereaux Private Investment Counsel Inc. boosted its stake in Chevron Corporation (NYSE:CVX) by 1.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 129,114 shares of the oil and gas company’s stock after buying an additional 2,315 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Chevron Corporation were worth $13,470,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in CVX. Thompson Davis & CO. Inc. increased its stake in shares of Chevron Corporation by 20.0% during the 1st 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 last quarter. Winfield Associates Inc. increased its stake in shares of Chevron Corporation by 5.1% during the 2nd quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock worth $136,000 after purchasing an additional 63 shares during the last quarter. Daiwa SB Investments Ltd. increased its stake in shares of Chevron Corporation by 438.5% during the 2nd 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 last quarter. New Capital Management LP increased its stake in shares of Chevron Corporation by 0.3% during the 1st 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 last quarter. Finally, Marshall & Sullivan Inc. WA increased its stake in shares of Chevron Corporation by 8.8% during the 1st 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 last quarter. Institutional investors own 62.72% of the company’s stock.

In related news, insider James William Johnson sold 31,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $110.68, for a total value of $3,431,080.00. Following the transaction, the insider now directly owns 11,000 shares in the company, valued at $1,217,480. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Linnet F. Deily sold 2,312 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were 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. Insiders sold 72,312 shares of company stock worth $8,008,343 over the last 90 days. 0.38% of the stock is currently owned by corporate insiders.

Shares of Chevron Corporation (CVX) opened at 120.22 on Wednesday. Chevron Corporation has a 52-week low of $99.87 and a 52-week high of $120.74. The firm has a 50-day moving average of $114.83 and a 200 day moving average of $108.32. The firm has a market capitalization of $227.82 billion, a price-to-earnings ratio of 38.98 and a beta of 1.24.

Chevron Corporation (NYSE:CVX) last released its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 company earned ($0.78) earnings per share. The company’s quarterly revenue was up 17.8% on a year-over-year basis. Analysts predict that Chevron Corporation will post $4.07 EPS for the current year.

CVX has been the topic of several analyst reports. Macquarie lowered shares of Chevron Corporation from an “outperform” rating to a “neutral” rating and set a $105.00 price target on the stock. in a research note on Wednesday, June 21st. Piper Jaffray Companies restated a “buy” rating on shares of Chevron Corporation in a research note on Thursday, August 3rd. Jefferies Group LLC restated a “buy” rating and set a $130.00 price target on shares of Chevron Corporation in a research note on Tuesday, October 3rd. BidaskClub lowered shares of Chevron Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Finally, Wells Fargo & Company lowered shares of Chevron Corporation to an “outperform” rating and dropped their price target for the stock from $124.00 to $102.00 in a research note on Monday, July 17th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $118.80.

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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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