First Financial Corp IN boosted its holdings in Chevron Co. (NYSE:CVX) by 7.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,976 shares of the oil and gas company’s stock after purchasing an additional 216 shares during the quarter. First Financial Corp IN’s holdings in Chevron were worth $353,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. W.G. Shaheen & Associates DBA Whitney & Co boosted its position in shares of Chevron by 0.8% during the second quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 45,014 shares of the oil and gas company’s stock valued at $5,602,000 after buying an additional 379 shares during the last quarter. Beese Fulmer Investment Management Inc. boosted its position in Chevron by 0.4% in the second quarter. Beese Fulmer Investment Management Inc. now owns 58,040 shares of the oil and gas company’s stock worth $7,222,000 after purchasing an additional 238 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in Chevron by 74.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 1,387,145 shares of the oil and gas company’s stock worth $171,630,000 after purchasing an additional 592,920 shares during the last quarter. Goodman Financial Corp boosted its position in Chevron by 1.2% in the second quarter. Goodman Financial Corp now owns 50,084 shares of the oil and gas company’s stock worth $6,232,000 after purchasing an additional 599 shares during the last quarter. Finally, Gratus Capital LLC boosted its position in Chevron by 7.4% in the second quarter. Gratus Capital LLC now owns 14,591 shares of the oil and gas company’s stock worth $1,816,000 after purchasing an additional 1,002 shares during the last quarter. Institutional investors and hedge funds own 65.64% of the company’s stock.

In other news, insider Joseph C. Geagea sold 8,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $122.50, for a total value of $980,000.00. Following the completion of the transaction, the insider now directly owns 9,243 shares in the company, valued at approximately $1,132,267.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Pierre R. Breber sold 15,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $124.97, for a total value of $1,874,550.00. The disclosure for this sale can be found here. Insiders sold a total of 86,750 shares of company stock valued at $10,648,200 over the last quarter. Company insiders own 0.31% of the company’s stock.

NYSE CVX traded up $0.04 during trading on Wednesday, reaching $116.35. The company’s stock had a trading volume of 697,973 shares, compared to its average volume of 6,308,570. The stock has a market capitalization of $220.50 billion, a PE ratio of 14.10, a P/E/G ratio of 4.30 and a beta of 0.99. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.15 and a quick ratio of 0.91. The firm has a fifty day moving average of $118.48 and a 200 day moving average of $120.61. Chevron Co. has a one year low of $100.22 and a one year high of $127.34.

Chevron (NYSE:CVX) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.53. Chevron had a return on equity of 9.58% and a net margin of 9.18%. The business had revenue of $38.85 billion for the quarter, compared to analyst estimates of $40.14 billion. During the same period in the prior year, the company earned $1.78 EPS. The company’s quarterly revenue was down 8.0% compared to the same quarter last year. Research analysts expect that Chevron Co. will post 6.75 earnings per share for the current fiscal year.

Several research analysts have weighed in on the company. BMO Capital Markets assumed coverage on Chevron in a research report on Tuesday, August 20th. They issued an “outperform” rating and a $165.00 price objective on the stock. Independent Research set a $127.00 target price on Chevron and gave the company a “neutral” rating in a research note on Thursday, August 29th. Morgan Stanley lowered their target price on Chevron from $146.00 to $144.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. Cowen set a $140.00 target price on Chevron and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Barclays began coverage on Chevron in a research note on Monday, August 19th. They issued an “overweight” rating and a $145.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Chevron currently has a consensus rating of “Buy” and an average target price of $137.47.

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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