Stanley Laman Group Ltd. lessened its stake in Chevron Corporation (NYSE:CVX) by 3.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,328 shares of the oil and gas company’s stock after selling 135 shares during the period. Stanley Laman Group Ltd.’s holdings in Chevron were worth $347,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. HPM Partners LLC boosted its position in shares of Chevron by 197.0% during the 1st quarter. HPM Partners LLC now owns 38,735 shares of the oil and gas company’s stock valued at $4,159,000 after purchasing an additional 25,691 shares in the last quarter. Lincoln National Corp boosted its position in shares of Chevron by 33.3% during the 1st quarter. Lincoln National Corp now owns 82,502 shares of the oil and gas company’s stock valued at $8,859,000 after purchasing an additional 20,615 shares in the last quarter. Korea Investment CORP boosted its position in shares of Chevron by 5.1% during the 2nd quarter. Korea Investment CORP now owns 1,476,610 shares of the oil and gas company’s stock valued at $154,055,000 after purchasing an additional 72,173 shares in the last quarter. Adams Natural Resources Fund Inc. boosted its position in shares of Chevron by 8.8% during the 2nd quarter. Adams Natural Resources Fund Inc. now owns 596,800 shares of the oil and gas company’s stock valued at $62,264,000 after purchasing an additional 48,100 shares in the last quarter. Finally, Strategic Financial Group LLC boosted its position in shares of Chevron by 6.0% during the 1st quarter. Strategic Financial Group LLC now owns 8,979 shares of the oil and gas company’s stock valued at $964,000 after purchasing an additional 510 shares in the last quarter. Hedge funds and other institutional investors own 63.93% of the company’s stock.

In other news, EVP Michael K. Wirth sold 110,771 shares of Chevron stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $116.17, for a total value of $12,868,267.07. Following the transaction, the executive vice president now owns 110,771 shares of the company’s stock, valued at $12,868,267.07. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Patricia E. Yarrington sold 116,857 shares of Chevron stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $115.29, for a total transaction of $13,472,443.53. Following the completion of the transaction, the chief financial officer now directly owns 39,506 shares in the company, valued at approximately $4,554,646.74. The disclosure for this sale can be found here. In the last three months, insiders sold 290,750 shares of company stock worth $33,774,072. Insiders own 0.38% of the company’s stock.

CVX has been the subject of several research reports. BNP Paribas upgraded shares of Chevron from an “underperform” rating to a “neutral” rating and set a $105.00 price objective for the company in a research report on Monday, August 7th. Royal Bank Of Canada set a $100.00 price objective on shares of Chevron and gave the company a “sell” rating in a research report on Friday, August 18th. Jefferies Group restated a “buy” rating and set a $135.00 price objective on shares of Chevron in a research report on Wednesday, August 23rd. Credit Suisse Group set a $123.00 target price on shares of Chevron and gave the stock a “buy” rating in a report on Friday, August 25th. Finally, Piper Jaffray Companies set a $119.00 target price on shares of Chevron and gave the stock a “buy” rating in a report on Friday, August 25th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $120.54.

Chevron Corporation (CVX) opened at $119.51 on Friday. The firm has a market cap of $225,949.52, a P/E ratio of 33.32, a P/E/G ratio of 3.92 and a beta of 1.22. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.23. Chevron Corporation has a 52-week low of $102.55 and a 52-week high of $120.89.

Chevron (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, beating the consensus estimate of $0.99 by $0.04. The firm had revenue of $36.21 billion for the quarter, compared to analyst estimates of $34.06 billion. Chevron had a net margin of 4.79% and a return on equity of 4.59%. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 earnings per share. equities analysts expect that Chevron Corporation will post 4.33 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 17th will be given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date is Thursday, November 16th. Chevron’s dividend payout ratio is 125.95%.

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About Chevron

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 (NYSE:CVX)

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