Canal Insurance CO held its position in Chevron Corporation (NYSE:CVX) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,240 shares of the oil and gas company’s stock at the end of the 2nd quarter. Chevron Corporation comprises 2.6% of Canal Insurance CO’s holdings, making the stock its 11th largest holding. Canal Insurance CO’s holdings in Chevron Corporation were worth $7,224,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CVX. Everett Harris & Co. CA increased its holdings in shares of Chevron Corporation by 0.4% in the first quarter. Everett Harris & Co. CA now owns 291,943 shares of the oil and gas company’s stock worth $31,346,000 after purchasing an additional 1,142 shares during the last quarter. Paragon Capital Management Ltd bought a new stake in shares of Chevron Corporation in the first quarter worth about $1,459,000. Nikko Asset Management Americas Inc. increased its holdings in shares of Chevron Corporation by 7.9% in the first quarter. Nikko Asset Management Americas Inc. now owns 239,730 shares of the oil and gas company’s stock worth $25,740,000 after purchasing an additional 17,600 shares during the last quarter. BTC Capital Management Inc. increased its holdings in shares of Chevron Corporation by 0.6% in the first quarter. BTC Capital Management Inc. now owns 89,852 shares of the oil and gas company’s stock worth $9,647,000 after purchasing an additional 574 shares during the last quarter. Finally, Hennessy Advisors Inc. increased its holdings in shares of Chevron Corporation by 15.6% in the first quarter. Hennessy Advisors Inc. now owns 106,975 shares of the oil and gas company’s stock worth $11,486,000 after purchasing an additional 14,425 shares during the last quarter. 63.15% of the stock is currently owned by institutional investors and hedge funds.

In related news, Vice Chairman Michael K. Wirth sold 1,229 shares of the business’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 value of $145,022.00. Following the completion of the sale, the insider now owns 1,229 shares in the company, valued at $145,022. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Patricia E. Yarrington sold 13,143 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $115.01, for a total value of $1,511,576.43. Following the completion of the sale, the chief financial officer now owns 17,981 shares of the company’s stock, valued at approximately $2,067,994.81. The disclosure for this sale can be found here. Insiders have sold 179,979 shares of company stock valued at $20,905,804 in the last 90 days. Company insiders own 0.38% of the company’s stock.

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Chevron Corporation (NYSE:CVX) opened at $115.91 on Friday. Chevron Corporation has a 12-month low of $102.55 and a 12-month high of $120.89. The stock has a market capitalization of $220,156.44, a P/E ratio of 32.47, a price-to-earnings-growth ratio of 3.82 and a beta of 1.22. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.04.

Chevron Corporation (NYSE:CVX) last announced its earnings results on Friday, October 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $36.21 billion during the quarter, compared to analyst estimates of $34.06 billion. During the same quarter in the previous year, the business earned $0.68 earnings per share. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. equities research analysts forecast that Chevron Corporation will post 4.33 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 17th will be given a dividend of $1.08 per share. The ex-dividend date is Thursday, November 16th. This represents a $4.32 annualized dividend and a dividend yield of 3.73%. Chevron Corporation’s dividend payout ratio (DPR) is presently 125.95%.

Several equities research analysts have recently issued reports on CVX shares. Morgan Stanley lifted their target price on Chevron Corporation from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Barclays PLC lifted their target price on Chevron Corporation from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, October 10th. Piper Jaffray Companies set a $119.00 target price on Chevron Corporation and gave the stock a “buy” rating in a report on Friday, August 25th. Jefferies Group LLC set a $130.00 target price on Chevron Corporation and gave the stock a “buy” rating in a report on Tuesday, August 29th. Finally, Scotiabank reaffirmed a “buy” rating on shares of Chevron Corporation in a report on Friday, September 15th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $120.54.

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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