Pinnacle Advisory Group Inc. lowered its position in shares of Chevron Corporation (NYSE:CVX) by 50.8% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 2,012 shares of the oil and gas company’s stock after selling 2,078 shares during the period. Pinnacle Advisory Group Inc.’s holdings in Chevron Corporation were worth $216,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC acquired a new stake in Chevron Corporation during the fourth quarter valued at about $139,000. Americafirst Capital Management LLC acquired a new stake in Chevron Corporation during the first quarter valued at about $140,000. Tortoise Investment Management LLC boosted its stake in Chevron Corporation by 46.4% in the fourth quarter. Tortoise Investment Management LLC now owns 1,329 shares of the oil and gas company’s stock valued at $156,000 after buying an additional 421 shares during the period. New Capital Management LP acquired a new stake in Chevron Corporation during the fourth quarter valued at about $171,000. Finally, Intellectus Partners LLC acquired a new stake in Chevron Corporation during the fourth quarter valued at about $181,000. Hedge funds and other institutional investors own 62.56% of the company’s stock.

Shares of Chevron Corporation (NYSE CVX) traded up 0.62% during mid-day trading on Friday, hitting $110.11. The stock had a trading volume of 4,642,387 shares. The firm’s 50 day moving average price is $105.21 and its 200-day moving average price is $107.91. The company has a market cap of $208.61 billion, a PE ratio of 35.70 and a beta of 1.23. Chevron Corporation has a one year low of $97.53 and a one year 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 for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.02. The firm had revenue of $34.48 billion during the quarter, compared to analyst estimates of $32.77 billion. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. The business’s revenue was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.78) EPS. On average, equities research analysts anticipate that Chevron Corporation will post $3.75 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 18th will be given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend is Wednesday, August 16th. Chevron Corporation’s dividend payout ratio is 140.26%.

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CVX has been the topic of several analyst reports. TheStreet upgraded Chevron Corporation from a “c” rating to a “b” rating in a report on Tuesday, May 2nd. Macquarie cut Chevron Corporation from an “outperform” rating to a “neutral” rating and set a $105.00 price objective on the stock. in a report on Wednesday, June 21st. Piper Jaffray Companies restated a “buy” rating on shares of Chevron Corporation in a report on Thursday. BidaskClub cut Chevron Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Finally, Vetr upgraded Chevron Corporation from a “buy” rating to a “strong-buy” rating and set a $120.46 target price on the stock in a report on Friday, April 14th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $115.97.

In other news, insider James William Johnson sold 31,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $110.68, for a total transaction of $3,431,080.00. Following the completion of the transaction, the insider now owns 11,000 shares of the company’s stock, valued at $1,217,480. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Patricia E. Yarrington sold 39,000 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 43,838 shares of the company’s stock, valued at approximately $4,866,018. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

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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