Sterling Investment Advisors Ltd. lowered its position in shares of Chevron Corporation (NYSE:CVX) by 5.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,750 shares of the oil and gas company’s stock after selling 150 shares during the quarter. Sterling Investment Advisors Ltd.’s holdings in Chevron Corporation were worth $295,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CVX. Thompson Davis & CO. Inc. lifted its position in Chevron Corporation by 20.0% during the first quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock valued at $123,000 after buying an additional 191 shares during the period. Americafirst Capital Management LLC purchased a new position in Chevron Corporation during the first quarter valued at $140,000. Merriman Wealth Management LLC purchased a new position in Chevron Corporation during the first quarter valued at $224,000. Harwood Advisory Group LLC lifted its position in Chevron Corporation by 22.0% during 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. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in Chevron Corporation during the first quarter valued at $230,000. 62.84% of the stock is owned by institutional investors and hedge funds.

Shares of Chevron Corporation (CVX) traded up 1.250% during mid-day trading on Monday, hitting $112.165. The stock had a trading volume of 2,304,300 shares. Chevron Corporation has a one year low of $97.53 and a one year high of $119.00. The firm has a 50 day moving average of $108.29 and a 200-day moving average of $107.05. The stock has a market cap of $212.55 billion, a P/E ratio of 36.370 and a beta of 1.23.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 18th will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date is Wednesday, August 16th. Chevron Corporation’s dividend payout ratio is currently 140.26%.

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In other Chevron Corporation news, insider James William Johnson sold 31,000 shares of the stock in a transaction 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 sale, the insider now owns 11,000 shares in the company, valued at approximately $1,217,480. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Patricia E. Yarrington sold 39,000 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $111.00, for a total value of $4,329,000.00. Following the sale, the chief financial officer now owns 43,838 shares in the company, valued at approximately $4,866,018. The disclosure for this sale can be found here. In the last quarter, insiders have sold 72,312 shares of company stock worth $8,008,343. 0.38% of the stock is owned by insiders.

Several equities analysts have commented on the company. UBS AG set a $105.00 price objective on Chevron Corporation and gave the company a “neutral” rating in a research report on Wednesday, September 6th. Jefferies Group LLC set a $130.00 price target on Chevron Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Piper Jaffray Companies set a $119.00 price target on Chevron Corporation and gave the stock a “buy” rating in a research report on Friday, August 25th. Credit Suisse Group set a $123.00 price target on Chevron Corporation and gave the stock a “buy” rating in a research report on Friday, August 25th. Finally, Royal Bank Of Canada set a $100.00 price target on Chevron Corporation and gave the stock a “sell” rating in a research report on Friday, August 18th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $116.40.

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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