Rational Advisors LLC bought a new position in Chevron Corporation (NYSE:CVX) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 18,600 shares of the oil and gas company’s stock, valued at approximately $1,941,000. Chevron Corporation accounts for about 1.2% of Rational Advisors LLC’s holdings, making the stock its 21st biggest holding.

Several other large investors have also added to or reduced their stakes in the company. New Capital Management LP grew its position in shares of Chevron Corporation by 0.3% in the 1st quarter. New Capital Management LP now owns 1,455 shares of the oil and gas company’s stock worth $156,000 after buying an additional 4 shares during the period. Hochman Cole Investment Advisors Inc. grew its position in shares of Chevron Corporation by 0.3% in the 2nd quarter. Hochman Cole Investment Advisors Inc. now owns 2,682 shares of the oil and gas company’s stock worth $280,000 after buying an additional 7 shares during the period. Haverford Financial Services Inc. grew its position in shares of Chevron Corporation by 0.7% in the 1st quarter. Haverford Financial Services Inc. now owns 2,303 shares of the oil and gas company’s stock worth $247,000 after buying an additional 16 shares during the period. Northstar Group Inc. grew its position in shares of Chevron Corporation by 0.5% in the 2nd quarter. Northstar Group Inc. now owns 3,714 shares of the oil and gas company’s stock worth $388,000 after buying an additional 19 shares during the period. Finally, Wellington Shields & Co. LLC grew its position in shares of Chevron Corporation by 0.3% in the 2nd quarter. Wellington Shields & Co. LLC now owns 8,907 shares of the oil and gas company’s stock worth $929,000 after buying an additional 23 shares during the period. 63.03% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on CVX. Zacks Investment Research downgraded shares of Chevron Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday. Citigroup Inc. upped their target price on shares of Chevron Corporation from $118.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $137.00 target price (up from $113.54) on shares of Chevron Corporation in a research report on Monday, October 30th. Royal Bank Of Canada set a $100.00 target price on shares of Chevron Corporation and gave the stock a “sell” rating in a research report on Friday, October 27th. Finally, TheStreet raised shares of Chevron Corporation from a “c+” rating to a “b” rating in a research report on Monday, October 23rd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $120.63.

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Chevron Corporation (CVX) opened at $116.92 on Wednesday. Chevron Corporation has a one year low of $102.55 and a one year high of $120.89. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. The firm has a market cap of $222,663.61, a P/E ratio of 32.84, a PEG ratio of 3.92 and a beta of 1.22.

Chevron Corporation (NYSE:CVX) last issued its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.04. Chevron Corporation had a net margin of 4.79% and a return on equity of 4.59%. The firm had revenue of $36.21 billion for the quarter, compared to analysts’ expectations of $34.06 billion. During the same quarter in the prior year, the business earned $0.68 EPS. The business’s quarterly revenue was up 20.1% on a year-over-year basis. research analysts expect that Chevron Corporation will post 4.28 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 17th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend is Thursday, November 16th. Chevron Corporation’s dividend payout ratio (DPR) is presently 125.95%.

In other Chevron Corporation news, VP R. Hewitt Pate sold 25,500 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $120.00, for a total transaction of $3,060,000.00. Following the sale, the vice president now owns 25,500 shares in the company, valued at approximately $3,060,000. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Michael K. Wirth sold 1,229 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $118.00, for a total transaction of $145,022.00. Following the sale, the insider now owns 1,229 shares in the company, valued at approximately $145,022. The disclosure for this sale can be found here. Insiders bought a total of 50,000 shares of company stock worth $6,590 in the last quarter. Company insiders own 0.38% of the company’s stock.

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.

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

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