Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Chevron Corporation (NYSE:CVX) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 13,460 shares of the oil and gas company’s stock, valued at approximately $1,445,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Karp Capital Management Corp purchased a new stake in shares of Chevron Corporation during the first quarter valued at $77,388,000. Thomaspartners Inc. boosted its stake in shares of Chevron Corporation by 30.5% during the first quarter. Thomaspartners Inc. now owns 2,815,231 shares of the oil and gas company’s stock valued at $302,271,000 after purchasing an additional 657,826 shares during the period. CIBC World Markets Inc. boosted its stake in shares of Chevron Corporation by 496.1% during the first quarter. CIBC World Markets Inc. now owns 390,832 shares of the oil and gas company’s stock valued at $41,964,000 after purchasing an additional 325,272 shares during the period. State of Wisconsin Investment Board boosted its stake in shares of Chevron Corporation by 12.4% during the first quarter. State of Wisconsin Investment Board now owns 1,817,361 shares of the oil and gas company’s stock valued at $195,130,000 after purchasing an additional 199,910 shares during the period. Finally, Reaves W H & Co. Inc. boosted its stake in shares of Chevron Corporation by 39.6% during the first quarter. Reaves W H & Co. Inc. now owns 563,569 shares of the oil and gas company’s stock valued at $60,510,000 after purchasing an additional 159,822 shares during the period. 62.84% of the stock is owned by institutional investors.

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CVX has been the subject of a number of recent analyst reports. Bank of America Corporation reissued a “buy” rating and set a $135.00 target price (down from $145.00) on shares of Chevron Corporation in a research note on Thursday, May 11th. BNP Paribas lowered shares of Chevron Corporation from a “neutral” rating to an “underperform” rating and set a $100.00 target price for the company. in a research note on Friday, May 26th. Exane BNP Paribas lowered shares of Chevron Corporation from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $105.00 to $100.00 in a research note on Friday, May 26th. ValuEngine raised shares of Chevron Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, HSBC Holdings plc raised shares of Chevron Corporation from a “hold” rating to a “buy” rating and lowered their target price for the company from $124.00 to $119.00 in a research note on Monday, June 5th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Chevron Corporation has a consensus rating of “Buy” and a consensus price target of $116.40.

Chevron Corporation (NYSE CVX) traded up 1.74% during trading on Wednesday, hitting $111.34. 2,237,671 shares of the stock traded hands. Chevron Corporation has a 12 month low of $97.53 and a 12 month high of $119.00. The company has a market cap of $210.99 billion, a P/E ratio of 36.10 and a beta of 1.23. The company’s 50 day moving average price is $107.53 and its 200 day moving average price is $107.01.

Chevron Corporation (NYSE:CVX) last released its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.89 by $0.02. The company had revenue of $34.48 billion for the quarter, compared to analyst estimates of $32.77 billion. Chevron Corporation had a return on equity of 4.13% and a net margin of 4.50%. The firm’s revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.78) earnings per share. On average, equities research analysts anticipate that Chevron Corporation will post $3.87 EPS for the current fiscal year.

The company also recently declared 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 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend is Wednesday, August 16th. Chevron Corporation’s dividend payout ratio (DPR) is 140.26%.

In other Chevron Corporation news, insider James William Johnson sold 31,000 shares of Chevron Corporation stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $110.68, for a total transaction of $3,431,080.00. Following the transaction, the insider now owns 11,000 shares of the company’s stock, valued at $1,217,480. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Linnet F. Deily sold 2,312 shares of Chevron Corporation stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $107.38, for a total value of $248,262.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 72,312 shares of company stock worth $8,008,343. 0.38% of the stock is currently owned by corporate insiders.

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.

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

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