Bangor Savings Bank decreased its holdings in Chevron Co. (NYSE:CVX) by 2.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,009 shares of the oil and gas company’s stock after selling 511 shares during the period. Bangor Savings Bank’s holdings in Chevron were worth $2,656,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CVX. Alleghany Corp DE bought a new stake in Chevron in the fourth quarter valued at approximately $430,653,000. BlackRock Inc. raised its stake in Chevron by 1.9% in the fourth quarter. BlackRock Inc. now owns 128,530,034 shares of the oil and gas company’s stock valued at $16,090,676,000 after buying an additional 2,356,734 shares during the period. Amundi Pioneer Asset Management Inc. raised its stake in Chevron by 2,865.0% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 1,599,520 shares of the oil and gas company’s stock valued at $200,242,000 after buying an additional 1,545,573 shares during the period. Renaissance Technologies LLC bought a new stake in Chevron in the fourth quarter valued at approximately $172,635,000. Finally, Summit Trail Advisors LLC raised its stake in Chevron by 9,968.8% in the first quarter. Summit Trail Advisors LLC now owns 1,145,531 shares of the oil and gas company’s stock valued at $1,146,000 after buying an additional 1,134,154 shares during the period. Hedge funds and other institutional investors own 65.02% of the company’s stock.

CVX has been the topic of several research analyst reports. Goldman Sachs Group restated a “buy” rating and issued a $141.00 price objective on shares of Chevron in a research note on Tuesday, July 31st. Mizuho initiated coverage on Chevron in a research note on Friday, June 8th. They issued a “buy” rating and a $145.00 price objective on the stock. ValuEngine lowered Chevron from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Credit Suisse Group set a $132.00 price objective on Chevron and gave the company a “hold” rating in a research note on Sunday, July 1st. Finally, Zacks Investment Research downgraded Chevron from a “buy” rating to a “hold” rating in a research report on Monday, July 23rd. Eight investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $138.49.

In related news, insider James William Johnson sold 4,750 shares of the stock in a transaction that occurred on Thursday, July 12th. The stock was sold at an average price of $124.20, for a total transaction of $589,950.00. Following the sale, the insider now owns 4,750 shares of the company’s stock, valued at $589,950. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.46% of the company’s stock.

Chevron stock opened at $119.86 on Wednesday. Chevron Co. has a 12 month low of $107.04 and a 12 month high of $133.88. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.87 and a current ratio of 1.08. The company has a market capitalization of $228.04 billion, a PE ratio of 32.74, a PEG ratio of 2.10 and a beta of 1.10.

Chevron (NYSE:CVX) last posted its earnings results on Friday, July 27th. The oil and gas company reported $1.78 EPS for the quarter, missing the consensus estimate of $2.09 by ($0.31). The firm had revenue of $42.24 billion during the quarter, compared to analyst estimates of $46.62 billion. Chevron had a net margin of 7.87% and a return on equity of 6.89%. Chevron’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 EPS. analysts anticipate that Chevron Co. will post 8.1 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 10th. Investors of record on Friday, August 17th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend is Thursday, August 16th. Chevron’s dividend payout ratio is currently 121.08%.

Chevron Company Profile

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

Read More: Price to Earnings Ratio (PE) Basics

Want to see what other hedge funds are holding CVX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chevron Co. (NYSE:CVX).

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.