Reliance Trust Co. of Delaware trimmed its stake in shares of Chevron Corporation (NYSE:CVX) by 2.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 52,688 shares of the oil and gas company’s stock after selling 1,146 shares during the period. Chevron Corporation accounts for 0.8% of Reliance Trust Co. of Delaware’s portfolio, making the stock its 20th largest holding. Reliance Trust Co. of Delaware’s holdings in Chevron Corporation were worth $5,497,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Ferguson Wellman Capital Management Inc. grew its stake in shares of Chevron Corporation by 0.9% in the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 660,102 shares of the oil and gas company’s stock worth $68,868,000 after buying an additional 5,929 shares in the last quarter. Park Avenue Securities LLC purchased a new position in shares of Chevron Corporation in the 2nd quarter worth $502,000. First Heartland Consultants Inc. grew its stake in shares of Chevron Corporation by 13.8% in the 2nd quarter. First Heartland Consultants Inc. now owns 7,915 shares of the oil and gas company’s stock worth $826,000 after buying an additional 957 shares in the last quarter. Bristlecone Advisors LLC grew its stake in shares of Chevron Corporation by 3.2% in the 2nd quarter. Bristlecone Advisors LLC now owns 9,270 shares of the oil and gas company’s stock worth $967,000 after buying an additional 285 shares in the last quarter. Finally, Donald L. Hagan LLC grew its stake in shares of Chevron Corporation by 1.6% in the 2nd quarter. Donald L. Hagan LLC now owns 8,772 shares of the oil and gas company’s stock worth $915,000 after buying an additional 137 shares in the last quarter. 62.73% of the stock is owned by institutional investors.

Shares of Chevron Corporation (CVX) opened at 119.14 on Friday. The company’s 50-day moving average is $114.30 and its 200-day moving average is $108.22. Chevron Corporation has a one year low of $99.87 and a one year high of $119.82. The company has a market cap of $225.77 billion, a price-to-earnings ratio of 38.63 and a beta of 1.24.

Chevron Corporation (NYSE:CVX) last posted its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.91 EPS for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $32.77 billion. During the same quarter last year, the firm posted ($0.78) earnings per share. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year. On average, equities analysts predict that Chevron Corporation will post $3.99 EPS for the current year.

In other 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 value of $4,329,000.00. Following the completion of the transaction, the chief financial officer now owns 43,838 shares of the company’s stock, valued at $4,866,018. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider James William Johnson sold 31,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $110.68, for a total transaction of $3,431,080.00. Following the completion of the transaction, the insider now directly owns 11,000 shares of the company’s stock, valued at approximately $1,217,480. The disclosure for this sale can be found here. In the last three months, insiders sold 72,312 shares of company stock valued at $8,008,343. Insiders own 0.38% of the company’s stock.

A number of equities analysts have commented on CVX shares. Macquarie cut shares of Chevron Corporation from an “outperform” rating to a “neutral” rating and set a $105.00 price objective for the company. in a research note on Wednesday, June 21st. Piper Jaffray Companies reissued a “buy” rating on shares of Chevron Corporation in a research note on Thursday, August 3rd. Jefferies Group LLC reissued a “buy” rating and issued a $130.00 price objective on shares of Chevron Corporation in a research note on Tuesday, October 3rd. BidaskClub cut shares of Chevron Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Finally, Wells Fargo & Company cut shares of Chevron Corporation to an “outperform” rating and dropped their price objective for the stock from $124.00 to $102.00 in a research note on Monday, July 17th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $117.07.

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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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