Smith Asset Management Group LP boosted its position in Chevron Co. (NYSE:CVX) by 6.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 140,497 shares of the oil and gas company’s stock after purchasing an additional 7,954 shares during the quarter. Smith Asset Management Group LP’s holdings in Chevron were worth $17,758,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in shares of Chevron by 4.4% during the first quarter. Dimensional Fund Advisors LP now owns 13,026,526 shares of the oil and gas company’s stock valued at $1,485,545,000 after acquiring an additional 549,931 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Chevron by 0.4% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,624,550 shares of the oil and gas company’s stock valued at $869,505,000 after acquiring an additional 31,022 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Chevron by 10.3% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,391,206 shares of the oil and gas company’s stock valued at $808,040,000 after acquiring an additional 594,253 shares in the last quarter. Fisher Asset Management LLC boosted its position in Chevron by 3.9% in the second quarter. Fisher Asset Management LLC now owns 4,394,230 shares of the oil and gas company’s stock valued at $555,563,000 after buying an additional 165,264 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in Chevron by 1.0% in the first quarter. Asset Management One Co. Ltd. now owns 3,063,075 shares of the oil and gas company’s stock valued at $349,314,000 after buying an additional 29,807 shares during the last quarter. Institutional investors and hedge funds own 64.72% of the company’s stock.

Chevron stock opened at $116.95 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.01 and a current ratio of 1.22. Chevron Co. has a 12 month low of $107.54 and a 12 month high of $133.88. The company has a market capitalization of $220.41 billion, a price-to-earnings ratio of 17.69, a P/E/G ratio of 1.99 and a beta of 1.12.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, November 2nd. The oil and gas company reported $2.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.06 by $0.05. Chevron had a return on equity of 8.19% and a net margin of 8.79%. The business had revenue of $43.99 billion for the quarter, compared to analyst estimates of $47.17 billion. During the same quarter in the prior year, the firm posted $1.03 EPS. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. Sell-side analysts expect that Chevron Co. will post 8.3 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 16th will be given a $1.12 dividend. The ex-dividend date is Thursday, November 15th. This represents a $4.48 annualized dividend and a yield of 3.83%. Chevron’s dividend payout ratio is presently 121.08%.

A number of equities research analysts recently commented on the company. Bank of America reiterated a “neutral” rating and issued a $140.00 target price (up previously from $135.00) on shares of Chevron in a research report on Monday, November 5th. Credit Suisse Group upgraded Chevron from a “neutral” rating to an “outperform” rating and set a $138.00 target price on the stock in a research report on Monday, November 5th. Goldman Sachs Group reiterated a “buy” rating and issued a $141.00 target price on shares of Chevron in a research report on Tuesday, July 31st. ValuEngine lowered Chevron from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Finally, Zacks Investment Research lowered Chevron from a “buy” rating to a “hold” rating in a research report on Monday, July 23rd. Eight analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Chevron presently has an average rating of “Buy” and a consensus price target of $138.13.

In other Chevron news, insider James William Johnson sold 4,750 shares of the company’s stock in a transaction that occurred on Thursday, October 11th. The stock was sold at an average price of $119.97, for a total value of $569,857.50. Following the sale, the insider now owns 4,750 shares in the company, valued at approximately $569,857.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.38% of the company’s stock.

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Chevron 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.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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