Palisades Hudson Asset Management L.P. held its stake in Chevron Corporation (NYSE:CVX) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,959 shares of the oil and gas company’s stock at the close of the 2nd quarter. Palisades Hudson Asset Management L.P.’s holdings in Chevron Corporation were worth $413,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. New Capital Management LP boosted its holdings in Chevron Corporation by 0.3% during the 1st quarter. New Capital Management LP now owns 1,455 shares of the oil and gas company’s stock worth $156,000 after acquiring an additional 4 shares during the last quarter. Hochman Cole Investment Advisors Inc. boosted its holdings in Chevron Corporation by 0.3% during the 2nd quarter. Hochman Cole Investment Advisors Inc. now owns 2,682 shares of the oil and gas company’s stock worth $280,000 after acquiring an additional 7 shares during the last quarter. Haverford Financial Services Inc. boosted its holdings in Chevron Corporation by 0.7% during the 1st quarter. Haverford Financial Services Inc. now owns 2,303 shares of the oil and gas company’s stock worth $247,000 after acquiring an additional 16 shares during the last quarter. Northstar Group Inc. boosted its holdings in Chevron Corporation by 0.5% during the 2nd quarter. Northstar Group Inc. now owns 3,714 shares of the oil and gas company’s stock worth $388,000 after acquiring an additional 19 shares during the last quarter. Finally, Wellington Shields & Co. LLC boosted its holdings in Chevron Corporation by 0.3% during the 2nd quarter. Wellington Shields & Co. LLC now owns 8,907 shares of the oil and gas company’s stock worth $929,000 after acquiring an additional 23 shares during the last quarter. Institutional investors and hedge funds own 63.15% of the company’s stock.

Shares of Chevron Corporation (NYSE:CVX) opened at $115.91 on Thursday. The stock has a market capitalization of $218,750.89, a P/E ratio of 32.26, a price-to-earnings-growth ratio of 3.80 and a beta of 1.22. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 0.84. Chevron Corporation has a 52 week low of $102.55 and a 52 week high of $120.89.

Chevron Corporation (NYSE:CVX) last issued its earnings results on Friday, October 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.04. The business had revenue of $36.21 billion during the quarter, compared to analyst estimates of $34.06 billion. Chevron Corporation had a return on equity of 4.59% and a net margin of 4.79%. Chevron Corporation’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 earnings per share. equities analysts expect that Chevron Corporation will post 4.33 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 17th will be paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date is Thursday, November 16th. Chevron Corporation’s dividend payout ratio (DPR) is presently 125.95%.

CVX has been the topic of a number of research analyst reports. UBS AG set a $105.00 price target on shares of Chevron Corporation and gave the stock a “neutral” rating in a report on Wednesday, September 6th. Morgan Stanley boosted their price target on shares of Chevron Corporation from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Credit Suisse Group set a $123.00 price target on shares of Chevron Corporation and gave the stock a “buy” rating in a report on Friday, August 25th. Citigroup Inc. boosted their price target on shares of Chevron Corporation from $118.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, October 30th. Finally, Jefferies Group LLC set a $130.00 price target on shares of Chevron Corporation and gave the stock a “buy” rating in a report on Tuesday, August 29th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $120.54.

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In other news, CFO Patricia E. Yarrington sold 116,857 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $115.29, for a total transaction of $13,472,443.53. Following the completion of the sale, the chief financial officer now owns 39,506 shares of the company’s stock, valued at $4,554,646.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP R. Hewitt Pate sold 25,500 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $120.00, for a total value of $3,060,000.00. Following the sale, the vice president now directly owns 25,500 shares of the company’s stock, valued at approximately $3,060,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 179,979 shares of company stock valued at $20,905,804. Insiders own 0.38% of the company’s stock.

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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