Premier Asset Management LLC decreased its position in Chevron Corporation (NYSE:CVX) by 94.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,890 shares of the oil and gas company’s stock after selling 94,235 shares during the quarter. Premier Asset Management LLC’s holdings in Chevron Corporation were worth $614,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of 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 acquiring an additional 4 shares in the last quarter. 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 acquiring an additional 7 shares in the last quarter. 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 acquiring an additional 16 shares in the last quarter. 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 acquiring an additional 19 shares in the last quarter. 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 acquiring an additional 23 shares in the last quarter. Institutional investors own 63.03% of the company’s stock.

Shares of Chevron Corporation (NYSE:CVX) opened at $114.57 on Friday. Chevron Corporation has a 12 month low of $102.55 and a 12 month 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 company has a market capitalization of $221,182.08, a price-to-earnings ratio of 32.62, a PEG ratio of 3.89 and a beta of 1.22.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 17th will be given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend is Thursday, November 16th. Chevron Corporation’s dividend payout ratio (DPR) is presently 125.95%.

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In other news, insider Pierre R. Breber sold 23,250 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $116.85, for a total transaction of $2,716,762.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP R. Hewitt Pate sold 25,500 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $120.00, for a total value of $3,060,000.00. Following the sale, the vice president now directly owns 25,500 shares in the company, valued at $3,060,000. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 41,000 shares of company stock worth $5,420 and have sold 49,979 shares worth $5,921,785. 0.38% of the stock is owned by insiders.

Several research analysts have recently commented on the company. Zacks Investment Research lowered Chevron Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday. Citigroup Inc. boosted their price objective on Chevron Corporation from $118.00 to $128.00 and gave the company a “buy” rating in a research report on Monday, October 30th. Jefferies Group LLC restated a “buy” rating and set a $137.00 price objective (up previously from $113.54) on shares of Chevron Corporation in a research report on Monday, October 30th. Royal Bank Of Canada set a $100.00 price objective on Chevron Corporation and gave the company a “sell” rating in a research report on Friday, October 27th. Finally, TheStreet upgraded Chevron Corporation from a “c+” rating to a “b” rating in a research report on Monday, October 23rd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $120.63.

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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