Lederer & Associates Investment Counsel CA increased its position in shares of Chevron Corporation (NYSE:CVX) by 6.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,825 shares of the oil and gas company’s stock after purchasing an additional 1,175 shares during the quarter. Chevron Corporation accounts for approximately 1.9% of Lederer & Associates Investment Counsel CA’s investment portfolio, making the stock its 20th largest holding. Lederer & Associates Investment Counsel CA’s holdings in Chevron Corporation were worth $1,964,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. raised 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 acquiring an additional 191 shares in the last quarter. Americafirst Capital Management LLC purchased a new position in Chevron Corporation during the first quarter valued at approximately $140,000. Daiwa SB Investments Ltd. raised its position in Chevron Corporation by 438.5% during the second quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock valued at $146,000 after acquiring an additional 1,140 shares in the last quarter. New Capital Management LP raised its position in Chevron Corporation by 0.3% during the first quarter. New Capital Management LP now owns 1,455 shares of the oil and gas company’s stock valued at $156,000 after acquiring an additional 4 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA raised its position in Chevron Corporation by 8.8% during the first quarter. Marshall & Sullivan Inc. WA now owns 1,985 shares of the oil and gas company’s stock valued at $213,000 after acquiring an additional 160 shares in the last quarter. 62.74% of the stock is owned by hedge funds and other institutional investors.

In other Chevron Corporation news, Director Linnet F. Deily sold 2,312 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $107.38, for a total transaction of $248,262.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Patricia E. Yarrington sold 39,000 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $111.00, for a total value 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. Insiders have sold 72,312 shares of company stock valued at $8,008,343 in the last three months. 0.38% of the stock is currently owned by company insiders.

Chevron Corporation (NYSE:CVX) opened at 117.58 on Thursday. The firm has a market cap of $222.81 billion, a price-to-earnings ratio of 38.13 and a beta of 1.24. Chevron Corporation has a 1-year low of $99.61 and a 1-year high of $119.00. The firm’s 50-day moving average price is $112.23 and its 200-day moving average price is $107.77. Chevron Corporation also saw unusually large options trading on Monday. Stock traders acquired 9,406 call options on the stock. This is an increase of approximately 100% compared to the average daily volume of 4,703 call options.

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 the consensus estimate of $0.89 by $0.02. The company had revenue of $34.48 billion during the quarter, compared to the consensus estimate of $32.77 billion. Chevron Corporation had a return on equity of 4.13% and a net margin of 4.50%. Chevron Corporation’s revenue was up 17.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.78) earnings per share. On average, equities research analysts anticipate that Chevron Corporation will post $3.93 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 18th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.67%. The ex-dividend date was Wednesday, August 16th. Chevron Corporation’s payout ratio is 140.26%.

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Several research analysts recently weighed in on CVX shares. BidaskClub cut Chevron Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. Piper Jaffray Companies set a $119.00 price target on Chevron Corporation and gave the company a “buy” rating in a research report on Friday, August 25th. Wells Fargo & Company cut Chevron Corporation to an “outperform” rating and reduced their price target for the company from $124.00 to $102.00 in a research report on Monday, July 17th. Jefferies Group LLC set a $130.00 price target on Chevron Corporation and gave the company a “buy” rating in a research report on Tuesday, August 29th. Finally, Scotiabank reiterated a “buy” rating on shares of Chevron Corporation in a research report on Friday, September 15th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Chevron Corporation has an average rating of “Buy” and a consensus target price of $116.82.

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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