Balyasny Asset Management LLC lifted its position in shares of Chevron Corporation (NYSE:CVX) by 642.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,400 shares of the oil and gas company’s stock after acquiring an additional 42,746 shares during the period. Balyasny Asset Management LLC’s holdings in Chevron were worth $5,154,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Harbour Capital Advisors LLC grew its stake in Chevron by 10,213.3% during the 2nd quarter. Harbour Capital Advisors LLC now owns 5,709,042 shares of the oil and gas company’s stock worth $54,721,000 after buying an additional 5,653,686 shares during the last quarter. Vanguard Group Inc. grew its stake in Chevron by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 139,626,287 shares of the oil and gas company’s stock worth $14,567,210,000 after buying an additional 3,920,240 shares during the last quarter. BlackRock Inc. grew its stake in Chevron by 1.6% during the 2nd quarter. BlackRock Inc. now owns 124,678,992 shares of the oil and gas company’s stock worth $13,007,759,000 after buying an additional 1,975,865 shares during the last quarter. Principal Financial Group Inc. grew its stake in Chevron by 40.4% during the 2nd quarter. Principal Financial Group Inc. now owns 5,412,567 shares of the oil and gas company’s stock worth $564,693,000 after buying an additional 1,556,270 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in Chevron by 37.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 5,386,789 shares of the oil and gas company’s stock worth $561,999,000 after buying an additional 1,464,546 shares during the last quarter. 63.93% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO Patricia E. Yarrington sold 13,143 shares of the company’s stock in a transaction on 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 sale, 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 document filed with the SEC, which is available at the SEC website. Also, CFO Patricia E. Yarrington sold 116,857 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $115.29, for a total value of $13,472,443.53. Following the sale, the chief financial officer now directly owns 39,506 shares of the company’s stock, valued at $4,554,646.74. The disclosure for this sale can be found here. Insiders have sold 314,000 shares of company stock valued at $36,540,822 in the last ninety days. Company insiders own 0.38% of the company’s stock.

CVX has been the subject of a number of recent research reports. UBS set a $105.00 price objective on Chevron and gave the stock a “neutral” rating in a research note on Wednesday, September 6th. Morgan Stanley upped their price objective on Chevron from $120.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. Citigroup upped their price objective on Chevron from $118.00 to $128.00 and gave the stock a “buy” rating in a research note on Monday, October 30th. Credit Suisse Group set a $123.00 price objective on Chevron and gave the stock a “buy” rating in a research note on Friday, August 25th. Finally, Jefferies Group set a $130.00 price objective on Chevron and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $121.22.

Shares of Chevron Corporation (NYSE CVX) traded up $0.93 during mid-day trading on Monday, reaching $120.85. The company had a trading volume of 436,704 shares, compared to its average volume of 5,613,547. Chevron Corporation has a fifty-two week low of $102.55 and a fifty-two week high of $122.30. The company has a market capitalization of $227,772.92, a PE ratio of 33.59, a P/E/G ratio of 3.97 and a beta of 1.21. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 0.84.

Chevron (NYSE:CVX) last announced its earnings results on Friday, October 27th. The oil and gas company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ 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 analysts’ expectations of $34.06 billion. During the same quarter last year, the business posted $0.68 earnings per share. The company’s quarterly revenue was up 20.1% on a year-over-year basis. sell-side analysts expect that Chevron Corporation will post 4.32 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be paid a dividend of $1.08 per share. The ex-dividend date is Thursday, November 16th. This represents a $4.32 annualized dividend and a yield of 3.57%. Chevron’s dividend payout ratio is currently 125.95%.

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Chevron 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 (NYSE:CVX)

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