Webster Bank N. A. reduced its holdings in shares of Chevron Corporation (NYSE:CVX) by 0.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,116 shares of the oil and gas company’s stock after selling 171 shares during the quarter. Webster Bank N. A.’s holdings in Chevron Corporation were worth $5,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Thompson Davis & CO. Inc. lifted its holdings 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 purchasing an additional 191 shares in the last quarter. Americafirst Capital Management LLC bought a new position in shares of Chevron Corporation during the first quarter valued at $140,000. Daiwa SB Investments Ltd. lifted its holdings 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 purchasing an additional 1,140 shares in the last quarter. New Capital Management LP lifted its holdings 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 purchasing an additional 4 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA lifted its holdings 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 purchasing an additional 160 shares in the last quarter. 62.74% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research analysts have recently issued reports on the company. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $123.00 price target (up from $118.00) on shares of Chevron Corporation in a report on Tuesday, September 19th. Cowen and Company reaffirmed a “buy” rating and set a $122.00 price target on shares of Chevron Corporation in a report on Tuesday, September 19th. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of Chevron Corporation in a report on Saturday, September 16th. Scotiabank reaffirmed a “buy” rating on shares of Chevron Corporation in a report on Friday, September 15th. Finally, UBS AG set a $105.00 price target on Chevron Corporation and gave the company a “neutral” rating in a report on Wednesday, September 6th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Chevron Corporation currently has a consensus rating of “Buy” and an average target price of $116.87.

In related news, Director Linnet F. Deily sold 2,312 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $107.38, for a total value of $248,262.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James William Johnson sold 31,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $110.68, for a total value of $3,431,080.00. Following the completion of the transaction, the insider now directly owns 11,000 shares of the company’s stock, valued at approximately $1,217,480. The disclosure for this sale can be found here. Insiders sold a total of 72,312 shares of company stock valued at $8,008,343 in the last ninety days. 0.38% of the stock is currently owned by insiders.

Chevron Corporation (NYSE CVX) traded down 0.10% during mid-day trading on Friday, hitting $117.50. The company had a trading volume of 4,874,786 shares. Chevron Corporation has a 12 month low of $97.79 and a 12 month high of $119.00. The firm has a market capitalization of $222.66 billion, a P/E ratio of 38.10 and a beta of 1.23. The company has a 50-day moving average price of $109.87 and a 200 day moving average price of $107.14.

Chevron Corporation (NYSE:CVX) last issued its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 for the quarter was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.78) EPS. Equities analysts forecast that Chevron Corporation will post $3.93 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors 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 yield of 3.68%. Chevron Corporation’s payout ratio is 140.26%.

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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