Halbert Hargrove Russell LLC decreased its position in Chevron Corporation (NYSE:CVX) by 4.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,740 shares of the oil and gas company’s stock after selling 246 shares during the period. Halbert Hargrove Russell LLC’s holdings in Chevron Corporation were worth $509,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Everett Harris & Co. CA increased its position in Chevron Corporation by 0.4% in the first quarter. Everett Harris & Co. CA now owns 291,943 shares of the oil and gas company’s stock worth $31,346,000 after buying an additional 1,142 shares in the last quarter. Paragon Capital Management Ltd purchased a new position in Chevron Corporation during the first quarter worth about $1,459,000. Lau Associates LLC increased its position in Chevron Corporation by 3.1% in the first quarter. Lau Associates LLC now owns 12,934 shares of the oil and gas company’s stock worth $1,389,000 after buying an additional 390 shares in the last quarter. Beacon Financial Group increased its position in Chevron Corporation by 20.2% in the first quarter. Beacon Financial Group now owns 4,557 shares of the oil and gas company’s stock worth $491,000 after buying an additional 765 shares in the last quarter. Finally, Wsfs Capital Management LLC purchased a new position in Chevron Corporation during the fourth quarter worth about $398,000. 62.84% of the stock is currently owned by hedge funds and other institutional investors.

Chevron Corporation (NYSE:CVX) traded up 0.18% on Thursday, reaching $107.92. The company had a trading volume of 1,332,748 shares. The stock has a market capitalization of $204.51 billion, a P/E ratio of 34.99 and a beta of 1.23. Chevron Corporation has a 1-year low of $97.53 and a 1-year high of $119.00. The stock’s 50 day moving average is $106.68 and its 200-day moving average is $107.28.

Chevron Corporation (NYSE:CVX) last released its earnings results on Friday, July 28th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.02. The company had revenue of $34.48 billion for 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 firm’s quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.78) EPS. On average, equities analysts predict that Chevron Corporation will post $3.83 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders 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 dividend yield of 4.01%. The ex-dividend date is Wednesday, August 16th. Chevron Corporation’s dividend payout ratio (DPR) is 140.26%.

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A number of equities analysts recently weighed in on CVX shares. Zacks Investment Research raised shares of Chevron Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Chevron Corporation in a report on Thursday, August 3rd. BNP Paribas raised shares of Chevron Corporation from an “underperform” rating to a “neutral” rating and set a $105.00 price objective on the stock in a report on Monday, August 7th. BidaskClub raised shares of Chevron Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, TheStreet downgraded shares of Chevron Corporation from a “b” rating to a “c+” rating in a report on Friday, July 28th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Chevron Corporation currently has an average rating of “Buy” and a consensus price target of $116.97.

In other news, insider James William Johnson sold 31,000 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now owns 11,000 shares of the company’s stock, valued at approximately $1,217,480. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Patricia E. Yarrington sold 39,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 43,838 shares in the company, 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 worth $8,008,343 in the last three months. Corporate insiders own 0.38% of the company’s stock.

About Chevron Corporation

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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