Forte Capital LLC ADV continued to hold its position in shares of Chevron Corporation (NYSE:CVX) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,908 shares of the oil and gas company’s stock at the close of the 2nd quarter. Forte Capital LLC ADV’s holdings in Chevron Corporation were worth $616,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CVX. Atria Investments LLC raised its position in Chevron Corporation by 31.4% during the first quarter. Atria Investments LLC now owns 42,344 shares of the oil and gas company’s stock worth $4,547,000 after acquiring an additional 10,120 shares in the last quarter. Integrated Wealth Management raised its position in Chevron Corporation by 1.4% during the first quarter. Integrated Wealth Management now owns 46,350 shares of the oil and gas company’s stock worth $4,977,000 after acquiring an additional 648 shares in the last quarter. First National Bank & Trust Co. of Newtown raised its position in Chevron Corporation by 1.5% during the first quarter. First National Bank & Trust Co. of Newtown now owns 38,547 shares of the oil and gas company’s stock worth $4,138,000 after acquiring an additional 563 shares in the last quarter. Capital City Trust Co. FL raised its position in Chevron Corporation by 0.4% during the first quarter. Capital City Trust Co. FL now owns 32,533 shares of the oil and gas company’s stock worth $3,493,000 after acquiring an additional 129 shares in the last quarter. Finally, Merriman Wealth Management LLC bought a new stake in Chevron Corporation during the first quarter worth $224,000. 62.74% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have issued reports on the stock. Jefferies Group LLC reaffirmed a “buy” rating and set a $130.00 price target on shares of Chevron Corporation in a research report on Tuesday. Bank of America Corporation reaffirmed a “buy” rating and set a $125.00 price target (up from $120.00) on shares of Chevron Corporation in a research report on Tuesday. Wells Fargo & Company reaffirmed a “market perform” rating and set a $108.00 price target (up from $100.00) on shares of Chevron Corporation in a research report on Tuesday. 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 research report on Tuesday, September 19th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $122.00 price target on shares of Chevron Corporation in a research report on Tuesday, September 19th. 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 given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $116.82.

In other news, insider James William Johnson sold 31,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now owns 11,000 shares of the company’s stock, valued at $1,217,480. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Patricia E. Yarrington sold 39,000 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $111.00, for a total value of $4,329,000.00. Following the transaction, the chief financial officer now directly owns 43,838 shares of the company’s stock, valued at approximately $4,866,018. The disclosure for this sale can be found here. Insiders have sold a total of 72,312 shares of company stock valued at $8,008,343 in the last ninety days. Insiders own 0.38% of the company’s stock.

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Chevron Corporation (NYSE CVX) traded up 0.727% during trading on Thursday, hitting $118.435. 1,877,714 shares of the company traded hands. The company has a market capitalization of $224.43 billion, a P/E ratio of 38.403 and a beta of 1.24. Chevron Corporation has a 12-month low of $99.61 and a 12-month high of $119.00. The stock has a 50 day moving average price of $112.23 and a 200 day moving average price of $107.77. Chevron Corporation also was the target of some unusual options trading on Monday. Traders acquired 9,406 call options on the company. This is an increase of approximately 100% compared to the average daily volume of 4,703 call options.

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

The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 18th were issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date was Wednesday, August 16th. Chevron Corporation’s payout ratio is presently 140.26%.

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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