Strategic Financial Group LLC raised its position in Chevron Corporation (NYSE:CVX) by 6.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,979 shares of the oil and gas company’s stock after buying an additional 510 shares during the period. Strategic Financial Group LLC’s holdings in Chevron Corporation were worth $964,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Americafirst Capital Management LLC purchased a new position in shares of Chevron Corporation during the first quarter valued at about $140,000. Merriman Wealth Management LLC purchased a new position in shares of Chevron Corporation during the first quarter valued at about $224,000. Harwood Advisory Group LLC raised its position in shares of Chevron Corporation by 22.0% in the first quarter. Harwood Advisory Group LLC now owns 2,137 shares of the oil and gas company’s stock valued at $229,000 after buying an additional 386 shares during the period. Orgel Wealth Management LLC raised its position in shares of Chevron Corporation by 0.8% in the first quarter. Orgel Wealth Management LLC now owns 2,346 shares of the oil and gas company’s stock valued at $252,000 after buying an additional 18 shares during the period. Finally, Stillwater Investment Management LLC raised its position in shares of Chevron Corporation by 6.2% in the first quarter. Stillwater Investment Management LLC now owns 2,551 shares of the oil and gas company’s stock valued at $274,000 after buying an additional 148 shares during the period. 62.84% of the stock is currently owned by institutional investors.

Shares of Chevron Corporation (NYSE CVX) traded down 0.4430% during midday trading on Tuesday, hitting $107.2826. The company’s stock had a trading volume of 512,074 shares. The company has a market cap of $203.30 billion, a P/E ratio of 34.7868 and a beta of 1.23. The company has a 50-day moving average price of $106.68 and a 200 day moving average price of $107.28. Chevron Corporation has a 1-year low of $97.53 and a 1-year high of $119.00.

Chevron Corporation (NYSE:CVX) last announced its earnings results on Friday, July 28th. The oil and gas company reported $0.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.02. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. The business had revenue of $34.48 billion during the quarter, compared to the consensus estimate of $32.77 billion. During the same quarter last year, the firm earned ($0.78) earnings per share. The business’s revenue for the quarter was up 17.8% on a year-over-year basis. On average, equities research analysts predict that Chevron Corporation will post $3.85 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 18th 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 4.01%. The ex-dividend date of this dividend is Wednesday, August 16th. Chevron Corporation’s dividend payout ratio is 140.26%.

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Several brokerages have recently issued reports on CVX. Jefferies Group LLC set a $135.00 price target on Chevron Corporation and gave the company a “buy” rating in a research note on Saturday, June 24th. Barclays PLC reaffirmed an “overweight” rating and set a $125.00 price target (up previously from $116.00) on shares of Chevron Corporation in a research note on Wednesday, July 12th. BidaskClub lowered Chevron Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Macquarie lowered Chevron Corporation from an “outperform” rating to a “neutral” rating and set a $105.00 price target on the stock. in a research note on Wednesday, June 21st. Finally, Zacks Investment Research lowered Chevron Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Chevron Corporation currently has an average rating of “Buy” and a consensus price target of $116.97.

In related news, CFO Patricia E. Yarrington sold 39,000 shares of the firm’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Linnet F. Deily sold 2,312 shares of the firm’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 transaction of $248,262.56. The disclosure for this sale can be found here. Insiders have sold 72,312 shares of company stock valued at $8,008,343 in the last ninety days. 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.

Institutional Ownership by Quarter for Chevron Corporation (NYSE:CVX)

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