Pitcairn Co. lessened its position in Chevron Corporation (NYSE:CVX) by 12.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,312 shares of the oil and gas company’s stock after selling 2,098 shares during the period. Pitcairn Co.’s holdings in Chevron Corporation were worth $1,494,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of CVX. New Capital Management LP raised its holdings in shares of Chevron Corporation by 0.3% in the first quarter. New Capital Management LP now owns 1,455 shares of the oil and gas company’s stock valued at $156,000 after buying an additional 4 shares during the last quarter. Hochman Cole Investment Advisors Inc. raised its holdings in shares of Chevron Corporation by 0.3% in the second quarter. Hochman Cole Investment Advisors Inc. now owns 2,682 shares of the oil and gas company’s stock valued at $280,000 after buying an additional 7 shares during the last quarter. Haverford Financial Services Inc. raised its holdings in shares of Chevron Corporation by 0.7% in the first quarter. Haverford Financial Services Inc. now owns 2,303 shares of the oil and gas company’s stock valued at $247,000 after buying an additional 16 shares during the last quarter. Northstar Group Inc. raised its holdings in shares of Chevron Corporation by 0.5% in the second quarter. Northstar Group Inc. now owns 3,714 shares of the oil and gas company’s stock valued at $388,000 after buying an additional 19 shares during the last quarter. Finally, Wellington Shields & Co. LLC raised its holdings in shares of Chevron Corporation by 0.3% in the second quarter. Wellington Shields & Co. LLC now owns 8,907 shares of the oil and gas company’s stock valued at $929,000 after buying an additional 23 shares during the last quarter. Institutional investors own 63.03% of the company’s stock.

A number of research firms recently issued reports on CVX. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Chevron Corporation in a report on Thursday, August 3rd. Zacks Investment Research raised Chevron Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. BNP Paribas raised Chevron Corporation from an “underperform” rating to a “neutral” rating and set a $105.00 price target for the company in a report on Monday, August 7th. TheStreet cut Chevron Corporation from a “b” rating to a “c+” rating in a report on Friday, July 28th. Finally, BidaskClub raised Chevron Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $120.63.

In other Chevron Corporation news, Vice Chairman Michael K. Wirth sold 1,229 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $118.00, for a total transaction of $145,022.00. Following the completion of the transaction, the insider now owns 1,229 shares of the company’s stock, valued at approximately $145,022. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP R. Hewitt Pate sold 25,500 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $120.00, for a total value of $3,060,000.00. Following the transaction, 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 ninety days, insiders have acquired 50,000 shares of company stock valued at $6,590 and have sold 29,041 shares valued at $3,453,285. Corporate insiders own 0.38% of the company’s stock.

Chevron Corporation (NYSE CVX) opened at $117.23 on Tuesday. Chevron Corporation has a 12-month low of $102.55 and a 12-month high of $120.89. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.04. The firm has a market capitalization of $222,568.64, a P/E ratio of 32.82, a price-to-earnings-growth ratio of 3.91 and a beta of 1.22.

Chevron Corporation (NYSE:CVX) last released its quarterly earnings results on Friday, October 27th. The oil and gas company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. Chevron Corporation had a return on equity of 4.59% and a net margin of 4.79%. The firm had revenue of $36.21 billion during the quarter, compared to the consensus estimate of $34.06 billion. During the same quarter in the prior year, the firm posted $0.68 EPS. The business’s revenue was up 20.1% on a year-over-year basis. sell-side analysts expect that Chevron Corporation will post 4.28 earnings per share for the current year.

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

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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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