LaFleur & Godfrey LLC boosted its holdings in shares of Chevron Corporation (NYSE:CVX) by 12.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,604 shares of the company’s stock after acquiring an additional 1,840 shares during the period. LaFleur & Godfrey LLC’s holdings in Chevron Corporation were worth $1,732,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. HPM Partners LLC raised its position in shares of Chevron Corporation by 197.0% in the first quarter. HPM Partners LLC now owns 38,735 shares of the company’s stock valued at $4,159,000 after buying an additional 25,691 shares during the last quarter. Lincoln National Corp raised its position in shares of Chevron Corporation by 33.3% in the first quarter. Lincoln National Corp now owns 82,502 shares of the company’s stock valued at $8,859,000 after buying an additional 20,615 shares during the last quarter. Adams Natural Resources Fund Inc. raised its position in shares of Chevron Corporation by 8.8% in the second quarter. Adams Natural Resources Fund Inc. now owns 596,800 shares of the company’s stock valued at $62,264,000 after buying an additional 48,100 shares during the last quarter. Korea Investment CORP raised its position in shares of Chevron Corporation by 5.1% in the second quarter. Korea Investment CORP now owns 1,476,610 shares of the company’s stock valued at $154,055,000 after buying an additional 72,173 shares during the last quarter. Finally, Strategic Financial Group LLC raised its position in shares of Chevron Corporation by 6.0% in the first quarter. Strategic Financial Group LLC now owns 8,979 shares of the company’s stock valued at $964,000 after buying an additional 510 shares during the last quarter. Institutional investors own 63.03% of the company’s stock.

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Chevron Corporation (CVX) opened at C$117.18 on Monday. The firm has a market cap of $222,568.64, a price-to-earnings ratio of 32.82, a PEG ratio of 3.91 and a beta of 1.22. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. Chevron Corporation has a 52 week low of C$102.55 and a 52 week high of C$120.89.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 17th will be paid a $1.08 dividend. The ex-dividend date is Thursday, November 16th. This represents a $4.32 annualized dividend and a dividend yield of 3.69%. Chevron Corporation’s dividend payout ratio (DPR) is presently 125.95%.

In related news, Director Linnet F. Deily sold 2,312 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of C$107.38, for a total value of C$248,262.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Michael K. Wirth sold 1,229 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of C$118.00, for a total transaction of C$145,022.00. Following the completion of the sale, the insider now directly owns 1,229 shares in the company, valued at C$145,022. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 50,000 shares of company stock valued at $6,590 and sold 29,041 shares valued at $3,453,285. 0.38% of the stock is currently owned by corporate insiders.

A number of research firms have recently weighed in on CVX. BMO Capital Markets lowered shares of Chevron Corporation from an “outperform” rating to a “market perform” rating and set a $120.00 price objective for the company. in a research report on Wednesday, October 18th. They noted that the move was a valuation call. Societe Generale lowered shares of Chevron Corporation from a “buy” rating to a “hold” rating and boosted their price objective for the company from $120.00 to $130.00 in a research report on Wednesday, October 18th. Morgan Stanley boosted their price objective on shares of Chevron Corporation from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Vetr lowered shares of Chevron Corporation from a “buy” rating to a “hold” rating and set a $124.92 price objective for the company. in a research report on Monday, October 16th. Finally, Macquarie upgraded shares of Chevron Corporation from a “neutral” rating to an “outperform” rating and set a $135.00 target price for the company in a report on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the stock. Chevron Corporation currently has a consensus rating of “Buy” and an average target price of C$120.63.

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.

Institutional Ownership by Quarter for Chevron Corporation (NYSE:CVX)

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