Eagle Asset Management Inc. lessened its stake in shares of Chevron Corporation (NYSE:CVX) by 22.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 615,892 shares of the oil and gas company’s stock after selling 181,718 shares during the period. Eagle Asset Management Inc.’s holdings in Chevron were worth $64,256,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of CVX. Everett Harris & Co. CA raised its holdings in Chevron by 0.4% in the 1st quarter. Everett Harris & Co. CA now owns 291,943 shares of the oil and gas company’s stock valued at $31,346,000 after buying an additional 1,142 shares during the period. Paragon Capital Management Ltd purchased a new stake in Chevron in the 1st quarter valued at about $1,459,000. Nikko Asset Management Americas Inc. raised its holdings in Chevron by 7.9% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 239,730 shares of the oil and gas company’s stock valued at $25,740,000 after buying an additional 17,600 shares during the period. BTC Capital Management Inc. raised its holdings in Chevron by 0.6% in the 1st quarter. BTC Capital Management Inc. now owns 89,852 shares of the oil and gas company’s stock valued at $9,647,000 after buying an additional 574 shares during the period. Finally, Hennessy Advisors Inc. raised its holdings in Chevron by 15.6% in the 1st quarter. Hennessy Advisors Inc. now owns 106,975 shares of the oil and gas company’s stock valued at $11,486,000 after buying an additional 14,425 shares during the period. Institutional investors and hedge funds own 63.93% of the company’s stock.

In other news, CFO Patricia E. Yarrington sold 13,143 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $115.01, for a total transaction of $1,511,576.43. Following the completion of the transaction, the chief financial officer now directly owns 17,981 shares of the company’s stock, valued at $2,067,994.81. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Pierre R. Breber sold 23,250 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $119.00, for a total value of $2,766,750.00. Following the transaction, the insider now directly owns 42,182 shares of the company’s stock, valued at $5,019,658. The disclosure for this sale can be found here. Over the last three months, insiders have sold 314,000 shares of company stock valued at $36,540,822. Corporate insiders own 0.38% of the company’s stock.

Several analysts recently issued reports on the stock. BMO Capital Markets lowered shares of Chevron from an “outperform” rating to a “market perform” rating and set a $120.00 price objective on the stock. in a report on Wednesday, October 18th. They noted that the move was a valuation call. Societe Generale lowered shares of Chevron from a “buy” rating to a “hold” rating and boosted their price objective for the company from $120.00 to $130.00 in a report on Wednesday, October 18th. Morgan Stanley boosted their price objective on shares of Chevron from $120.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. Vetr lowered shares of Chevron from a “buy” rating to a “hold” rating and set a $124.92 price objective on the stock. in a report on Monday, October 16th. Finally, Macquarie upgraded shares of Chevron from a “neutral” rating to an “outperform” rating and set a $135.00 price objective on the stock in a report on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $121.22.

Shares of Chevron Corporation (NYSE:CVX) opened at $120.36 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.04. The stock has a market cap of $229,520.33, a PE ratio of 33.85, a price-to-earnings-growth ratio of 3.94 and a beta of 1.21. Chevron Corporation has a one year low of $102.55 and a one year high of $122.30.

Chevron (NYSE:CVX) last announced 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 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 the consensus estimate of $34.06 billion. During the same period in the previous year, the company posted $0.68 earnings per share. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. sell-side analysts anticipate that Chevron Corporation will post 4.38 EPS for the current fiscal year.

The business also recently disclosed 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 3.59%. The ex-dividend date is Thursday, November 16th. Chevron’s dividend payout ratio is presently 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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