Bank of New York Mellon Corp lessened its stake in Chevron Corporation (NYSE:CVX) by 5.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,157,371 shares of the oil and gas company’s stock after selling 1,166,122 shares during the period. Chevron Corporation makes up approximately 0.7% of Bank of New York Mellon Corp’s holdings, making the stock its 19th largest position. Bank of New York Mellon Corp owned about 1.17% of Chevron Corporation worth $2,311,678,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CVX. Shine Investment Advisory Services Inc. bought a new stake in Chevron Corporation in the 2nd quarter worth approximately $106,000. Thompson Davis & CO. Inc. grew its position in Chevron Corporation by 20.0% in 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 period. Winfield Associates Inc. grew its position in Chevron Corporation by 5.1% in 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 period. Daiwa SB Investments Ltd. grew its position in Chevron Corporation by 438.5% in 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 period. Finally, New Capital Management LP grew its position in Chevron Corporation by 0.3% in 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 period. 63.03% of the stock is owned by institutional investors and hedge funds.

Shares of Chevron Corporation (CVX) opened at $114.71 on Friday. Chevron Corporation has a fifty-two week low of $102.55 and a fifty-two week high of $120.89. 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 $217,877.19, a PE ratio of 32.13, a PEG ratio of 3.83 and a beta of 1.22.

Chevron Corporation (NYSE:CVX) last posted its earnings results on Friday, October 27th. The oil and gas company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. Chevron Corporation had a net margin of 4.79% and a return on equity of 4.59%. The firm had revenue of $36.21 billion for the quarter, compared to the consensus estimate of $34.06 billion. During the same period in the previous year, the firm posted $0.68 EPS. The business’s quarterly revenue was up 20.1% on a year-over-year basis. research analysts anticipate that Chevron Corporation will post 4.28 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 17th will be issued a $1.08 dividend. The ex-dividend date is Thursday, November 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.77%. Chevron Corporation’s dividend payout ratio (DPR) is presently 125.95%.

Several research analysts have recently weighed in on CVX shares. TheStreet upgraded shares of Chevron Corporation from a “c+” rating to a “b” rating in a research note on Monday, October 23rd. Piper Jaffray Companies reiterated a “buy” rating on shares of Chevron Corporation in a research note on Thursday, August 3rd. Jefferies Group LLC set a $130.00 price target on shares of Chevron Corporation and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Credit Suisse Group set a $123.00 price target on shares of Chevron Corporation and gave the stock a “buy” rating in a research note on Friday, August 25th. Finally, BMO Capital Markets set a $120.00 price target on shares of Chevron Corporation and gave the stock a “buy” rating in a research note on Sunday, July 30th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $120.54.

In other news, CFO Patricia E. Yarrington sold 13,143 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $115.01, for a total value of $1,511,576.43. Following the sale, the chief financial officer now directly owns 17,981 shares in the company, valued at approximately $2,067,994.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP R. Hewitt Pate sold 25,500 shares of the business’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $120.00, for a total transaction of $3,060,000.00. Following the completion of the sale, the vice president now owns 25,500 shares in the company, valued at $3,060,000. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 41,000 shares of company stock worth $5,420 and sold 63,122 shares worth $7,433,361. Insiders own 0.38% of the company’s stock.

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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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