Cetera Investment Advisers lifted its stake in Chevron Corporation (NYSE:CVX) by 11.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,880 shares of the oil and gas company’s stock after purchasing an additional 2,700 shares during the period. Cetera Investment Advisers’ holdings in Chevron were worth $2,803,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Shine Investment Advisory Services Inc. acquired a new stake in Chevron during the 2nd quarter worth $106,000. Thompson Davis & CO. Inc. grew its holdings in Chevron by 20.0% during the 1st quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock worth $123,000 after acquiring an additional 191 shares during the period. Winfield Associates Inc. grew its holdings in Chevron by 5.1% during the 2nd quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock worth $136,000 after acquiring an additional 63 shares during the period. Daiwa SB Investments Ltd. grew its holdings in Chevron by 438.5% during the 2nd quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after acquiring an additional 1,140 shares during the period. Finally, Acrospire Investment Management LLC grew its holdings in Chevron by 133.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after acquiring an additional 800 shares during the period. 63.93% of the stock is owned by institutional investors and hedge funds.

A number of analysts have commented on the stock. Credit Suisse Group assumed coverage on shares of Chevron in a report on Monday. They set a “neutral” rating and a $123.00 target price for the company. BMO Capital Markets lowered shares of Chevron from an “outperform” rating to a “market perform” rating and set a $120.00 target price for the company. in a report on Wednesday, October 18th. They noted that the move was a valuation call. Societe Generale cut shares of Chevron from a “buy” rating to a “hold” rating and lifted their price target for the stock from $120.00 to $130.00 in a research report on Wednesday, October 18th. Morgan Stanley lifted their price target on shares of Chevron from $120.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th. Finally, Vetr cut shares of Chevron from a “buy” rating to a “hold” rating and set a $124.92 price target on the stock. in a research report on Monday, October 16th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $121.22.

In related news, CFO Patricia E. Yarrington sold 13,143 shares of the business’s stock in a transaction 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 sale, the chief financial officer now directly owns 17,981 shares of the company’s stock, valued at approximately $2,067,994.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Patricia E. Yarrington sold 116,857 shares of the business’s stock in a transaction 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 sale, the chief financial officer now directly owns 39,506 shares in the company, valued at $4,554,646.74. The disclosure for this sale can be found here. Insiders sold a total of 314,000 shares of company stock worth $36,540,822 over the last ninety days. 0.38% of the stock is currently owned by insiders.

Shares of Chevron Corporation (NYSE CVX) opened at $119.93 on Thursday. The company has a market cap of $227,326.56, a price-to-earnings ratio of 33.53, a P/E/G ratio of 3.95 and a beta of 1.21. Chevron Corporation has a 52-week low of $102.55 and a 52-week high of $122.30. 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 posted its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.99 by $0.04. The business had revenue of $36.21 billion for the quarter, compared to analysts’ expectations of $34.06 billion. Chevron had a net margin of 4.79% and a return on equity of 4.59%. The firm’s revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 EPS. equities analysts predict that Chevron Corporation will post 4.33 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Friday, November 17th were given a $1.08 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $4.32 annualized dividend and a yield of 3.60%. Chevron’s dividend payout ratio is currently 125.95%.

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Chevron 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.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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