Wellington Shields Capital Management LLC lessened its holdings in shares of Chevron Corporation (NYSE:CVX) by 0.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,231 shares of the oil and gas company’s stock after selling 24 shares during the period. Wellington Shields Capital Management LLC’s holdings in Chevron Corporation were worth $2,215,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Acadian Asset Management LLC grew its stake in Chevron Corporation by 79.0% during the 2nd quarter. Acadian Asset Management LLC now owns 68,762 shares of the oil and gas company’s stock valued at $7,173,000 after acquiring an additional 30,343 shares in the last quarter. Wellington Shields & Co. LLC grew its stake 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 valued at $929,000 after acquiring an additional 23 shares in the last quarter. Wooster Corthell Wealth Management Inc. grew its stake in Chevron Corporation by 47.6% during the 2nd quarter. Wooster Corthell Wealth Management Inc. now owns 3,125 shares of the oil and gas company’s stock valued at $326,000 after acquiring an additional 1,008 shares in the last quarter. SPC Financial Inc. grew its stake in Chevron Corporation by 2.1% during the 2nd quarter. SPC Financial Inc. now owns 4,500 shares of the oil and gas company’s stock valued at $469,000 after acquiring an additional 92 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Chevron Corporation by 11.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,729,208 shares of the oil and gas company’s stock valued at $180,413,000 after acquiring an additional 181,852 shares in the last quarter. 62.74% of the stock is owned by institutional investors.

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In related news, Director Linnet F. Deily sold 2,312 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $107.38, for a total value of $248,262.56. The transaction 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 shares were sold at an average price of $111.00, for a total transaction of $4,329,000.00. Following the completion of the sale, the chief financial officer now owns 43,838 shares of the company’s stock, valued at $4,866,018. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,312 shares of company stock valued at $8,008,343. 0.38% of the stock is owned by insiders.

Several analysts recently issued reports on CVX shares. Macquarie cut shares of Chevron Corporation from an “outperform” rating to a “neutral” rating and set a $105.00 price objective for the company. in a research note on Wednesday, June 21st. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Chevron Corporation in a research note on Thursday, August 3rd. BidaskClub cut shares of Chevron Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Wells Fargo & Company cut shares of Chevron Corporation to an “outperform” rating and dropped their price objective for the company from $124.00 to $102.00 in a research note on Monday, July 17th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $123.00 price objective (up previously from $118.00) on shares of Chevron Corporation in a research note on Tuesday, September 19th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $116.88.

Shares of Chevron Corporation (NYSE:CVX) traded up 0.70% during trading on Friday, hitting $117.29. 5,307,066 shares of the stock traded hands. The company’s 50 day moving average is $109.87 and its 200 day moving average is $107.14. The firm has a market cap of $222.26 billion, a PE ratio of 38.08 and a beta of 1.23. Chevron Corporation has a 52-week low of $97.79 and a 52-week high of $119.00.

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, beating analysts’ consensus estimates of $0.89 by $0.02. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. The firm had revenue of $34.48 billion during the quarter, compared to the consensus estimate of $32.77 billion. During the same period in the previous year, the firm earned ($0.78) earnings per share. Chevron Corporation’s revenue was up 17.8% compared to the same quarter last year. On average, equities research analysts predict that Chevron Corporation will post $3.86 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 18th were issued a $1.08 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 3.68%. Chevron Corporation’s payout ratio is 140.26%.

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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