Level Four Advisory Services LLC boosted its stake in shares of Chevron Corporation (NYSE:CVX) by 8.5% during the first quarter, Holdings Channel reports. The institutional investor owned 34,106 shares of the oil and gas company’s stock after buying an additional 2,664 shares during the period. Level Four Advisory Services LLC’s holdings in Chevron Corporation were worth $3,692,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Freestone Capital Holdings LLC boosted its position in shares of Chevron Corporation by 4.9% in the fourth quarter. Freestone Capital Holdings LLC now owns 36,177 shares of the oil and gas company’s stock valued at $4,258,000 after buying an additional 1,706 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in shares of Chevron Corporation by 13.6% in the fourth quarter. Loomis Sayles & Co. L P now owns 738,369 shares of the oil and gas company’s stock valued at $86,906,000 after buying an additional 88,546 shares in the last quarter. Pacific Global Investment Management CO boosted its position in shares of Chevron Corporation by 3.6% in the fourth quarter. Pacific Global Investment Management CO now owns 25,486 shares of the oil and gas company’s stock valued at $3,000,000 after buying an additional 877 shares in the last quarter. NWQ Investment Management Company LLC purchased a new position in shares of Chevron Corporation during the fourth quarter valued at approximately $219,000. Finally, STA Wealth Management LLC boosted its position in shares of Chevron Corporation by 42.5% in the fourth quarter. STA Wealth Management LLC now owns 3,843 shares of the oil and gas company’s stock valued at $453,000 after buying an additional 1,146 shares in the last quarter. 62.58% of the stock is owned by institutional investors.

Chevron Corporation (NYSE CVX) traded down 0.80% during midday trading on Friday, reaching $109.23. 3,382,960 shares of the company were exchanged. Chevron Corporation has a 52 week low of $97.53 and a 52 week high of $119.00. The company has a 50-day moving average of $106.01 and a 200 day moving average of $107.75. The firm has a market capitalization of $206.99 billion, a PE ratio of 35.42 and a beta of 1.23.

Chevron Corporation (NYSE:CVX) last posted its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.89 by $0.02. The company had revenue of $34.48 billion during 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%. Chevron Corporation’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.78) earnings per share. Equities analysts predict that Chevron Corporation will post $3.80 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 18th will be paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.95%. The ex-dividend date is Wednesday, August 16th. Chevron Corporation’s payout ratio is 140.26%.

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CVX has been the subject of several recent analyst reports. Vetr raised shares of Chevron Corporation from a “buy” rating to a “strong-buy” rating and set a $120.46 price objective for the company in a research note on Friday, April 14th. Simmons cut their price target on shares of Chevron Corporation from $129.00 to $124.00 and set an “overweight” rating for the company in a research note on Wednesday, April 19th. Scotiabank set a $114.00 price target on shares of Chevron Corporation and gave the stock a “buy” rating in a research note on Monday, May 1st. TheStreet raised shares of Chevron Corporation from a “c” rating to a “b” rating in a research note on Tuesday, May 2nd. Finally, Bank of America Corporation reissued a “buy” rating and issued a $135.00 price target (down previously from $145.00) on shares of Chevron Corporation in a research note on Thursday, May 11th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Chevron Corporation has a consensus rating of “Buy” and a consensus target price of $116.18.

In other news, CFO Patricia E. Yarrington sold 39,000 shares of Chevron Corporation 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 sale, the chief financial officer now directly owns 43,838 shares in the company, valued at $4,866,018. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider James William Johnson sold 31,000 shares of Chevron Corporation stock in a transaction on 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 sale, the insider now owns 11,000 shares of the company’s stock, valued at $1,217,480. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.

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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