Mason Street Advisors LLC acquired a new stake in Chevron Corp. (NYSE:CVX) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 253,858 shares of the company’s stock, valued at approximately $26,612,000. Chevron Corp. makes up approximately 0.8% of Mason Street Advisors LLC’s holdings, making the stock its 18th largest position.

Other large investors have also made changes to their positions in the company. Thompson Davis & CO. Inc. increased its stake in shares of Chevron Corp. by 322.6% in the second quarter. Thompson Davis & CO. Inc. now owns 955 shares of the company’s stock valued at $100,000 after buying an additional 729 shares in the last quarter. RPg Family Wealth Advisory LLC increased its stake in shares of Chevron Corp. by 14.5% in the first quarter. RPg Family Wealth Advisory LLC now owns 1,058 shares of the company’s stock valued at $101,000 after buying an additional 134 shares in the last quarter. Global X Management Co. LLC increased its stake in shares of Chevron Corp. by 115.6% in the second quarter. Global X Management Co. LLC now owns 1,158 shares of the company’s stock valued at $121,000 after buying an additional 621 shares in the last quarter. Camarda Financial Advisors LLC acquired a new stake in shares of Chevron Corp. during the second quarter valued at about $122,000. Finally, Wealthcare Capital Management LLC acquired a new stake in shares of Chevron Corp. during the second quarter valued at about $128,000. 62.28% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Chevron Corp. (NYSE:CVX)

Chevron Corp. (NYSE:CVX) traded up 1.00% during midday trading on Friday, hitting $109.20. The stock had a trading volume of 6,815,483 shares. The company has a 50-day moving average of $102.85 and a 200-day moving average of $102.23. Chevron Corp. has a 1-year low of $75.33 and a 1-year high of $109.67. The stock’s market cap is $206.14 billion.

Chevron Corp. (NYSE:CVX) last posted its earnings results on Friday, October 28th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.39 by $0.29. Chevron Corp. had a positive return on equity of 0.59% and a negative net margin of 1.34%. The company had revenue of $30.14 billion for the quarter, compared to the consensus estimate of $29.71 billion. During the same quarter in the prior year, the business earned $1.09 earnings per share. The firm’s revenue for the quarter was down 12.2% on a year-over-year basis. Equities research analysts forecast that Chevron Corp. will post $1.33 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Friday, November 18th will be given a $1.08 dividend. This is an increase from Chevron Corp.’s previous quarterly dividend of $1.07. The ex-dividend date is Wednesday, November 16th. This represents a $4.32 annualized dividend and a dividend yield of 3.96%. Chevron Corp.’s dividend payout ratio is presently -540.00%.

Several brokerages have weighed in on CVX. Jefferies Group reaffirmed a “buy” rating on shares of Chevron Corp. in a research report on Thursday, September 8th. Vetr raised Chevron Corp. from a “hold” rating to a “buy” rating and set a $107.24 target price on the stock in a research report on Tuesday, August 9th. HSBC reaffirmed a “buy” rating and issued a $120.00 target price on shares of Chevron Corp. in a research report on Sunday, October 16th. Zacks Investment Research raised Chevron Corp. from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a research report on Tuesday, October 18th. Finally, Goldman Sachs Group Inc. raised Chevron Corp. from a “neutral” rating to a “buy” rating and set a $118.00 target price on the stock in a research report on Monday, October 31st. Eleven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $108.61.

In other news, insider Pierre R. Breber sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $110.00, for a total value of $1,100,000.00. Following the transaction, the insider now owns 28,911 shares of the company’s stock, valued at $3,180,210. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeanette L. Ourada sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $101.70, for a total value of $711,900.00. Following the completion of the transaction, the insider now directly owns 7,535 shares in the company, valued at approximately $766,309.50. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

About Chevron Corp.

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.

5 Day Chart for NYSE:CVX

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