Pillar Pacific Capital Management LLC grew its stake in shares of Chevron Corporation (NYSE:CVX) by 1.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,102 shares of the oil and gas company’s stock after acquiring an additional 842 shares during the period. Pillar Pacific Capital Management LLC’s holdings in Chevron Corporation were worth $6,374,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CVX. Thompson Davis & CO. Inc. raised its position in shares of Chevron Corporation by 20.0% during the 1st quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock worth $123,000 after purchasing an additional 191 shares during the last quarter. Winfield Associates Inc. raised its position in shares of Chevron Corporation by 5.1% during the 2nd quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock worth $136,000 after purchasing an additional 63 shares during the last quarter. Daiwa SB Investments Ltd. raised its position in shares of Chevron Corporation by 438.5% during the 2nd quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after purchasing an additional 1,140 shares during the last quarter. New Capital Management LP raised its position in shares of Chevron Corporation by 0.3% during the 1st quarter. New Capital Management LP now owns 1,455 shares of the oil and gas company’s stock worth $156,000 after purchasing an additional 4 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA raised its position in shares of Chevron Corporation by 8.8% during the 1st quarter. Marshall & Sullivan Inc. WA now owns 1,985 shares of the oil and gas company’s stock worth $213,000 after purchasing an additional 160 shares during the last quarter. Institutional investors own 62.72% of the company’s stock.

Several brokerages recently issued reports on CVX. Barclays PLC restated an “overweight” rating and set a $125.00 price objective (up from $116.00) on shares of Chevron Corporation in a research report on Wednesday, July 12th. Jefferies Group LLC set a $135.00 price objective on Chevron Corporation and gave the stock a “buy” rating in a research report on Saturday, June 24th. Macquarie upgraded Chevron Corporation from a “neutral” rating to an “outperform” rating and set a $135.00 price objective for the company in a research report on Tuesday. BidaskClub downgraded Chevron Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, J P Morgan Chase & Co restated an “overweight” rating on shares of Chevron Corporation in a research report on Saturday, September 16th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seventeen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $118.80.

In other Chevron Corporation news, Director Linnet F. Deily sold 2,312 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $107.38, for a total value of $248,262.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Patricia E. Yarrington sold 39,000 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was 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 approximately $4,866,018. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,312 shares of company stock valued at $8,008,343. Insiders own 0.38% of the company’s stock.

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Shares of Chevron Corporation (NYSE CVX) opened at 120.22 on Wednesday. Chevron Corporation has a 52 week low of $99.87 and a 52 week high of $120.74. The stock’s 50 day moving average is $114.83 and its 200 day moving average is $108.32. The stock has a market capitalization of $227.82 billion, a PE ratio of 38.98 and a beta of 1.24.

Chevron Corporation (NYSE:CVX) last released its earnings results on Friday, July 28th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.02. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. The company had revenue of $34.48 billion during the quarter, compared to the consensus estimate of $32.77 billion. During the same quarter in the prior year, the firm earned ($0.78) EPS. The company’s revenue was up 17.8% compared to the same quarter last year. Analysts anticipate that Chevron Corporation will post $4.07 EPS for the current fiscal year.

Chevron Corporation 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.

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

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