Great West Life Assurance Co. Can lifted its position in Chevron Corporation (NYSE:CVX) by 4.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,268,937 shares of the oil and gas company’s stock after purchasing an additional 95,291 shares during the quarter. Great West Life Assurance Co. Can owned 0.12% of Chevron Corporation worth $236,419,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Thompson Davis & CO. Inc. grew its holdings in Chevron Corporation 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 last quarter. Daiwa SB Investments Ltd. grew its holdings in Chevron Corporation 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 last quarter. New Capital Management LP grew its holdings in Chevron Corporation by 0.3% during the 1st quarter. New Capital Management LP now owns 1,455 shares of the oil and gas company’s stock worth $156,000 after acquiring an additional 4 shares during the last quarter. Marshall & Sullivan Inc. WA grew its holdings in Chevron Corporation by 8.8% during the 1st quarter. Marshall & Sullivan Inc. WA now owns 1,985 shares of the oil and gas company’s stock worth $213,000 after acquiring an additional 160 shares during the last quarter. Finally, Harwood Advisory Group LLC grew its holdings in Chevron Corporation by 22.0% during the 1st quarter. Harwood Advisory Group LLC now owns 2,137 shares of the oil and gas company’s stock worth $229,000 after acquiring an additional 386 shares during the last quarter. 62.72% of the stock is currently owned by institutional investors and hedge funds.

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In related news, Director Linnet F. Deily sold 2,312 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $107.38, for a total value of $248,262.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Patricia E. Yarrington sold 39,000 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $111.00, for a total value of $4,329,000.00. Following the completion of the sale, the chief financial officer now directly owns 43,838 shares of the company’s stock, valued at $4,866,018. The disclosure for this sale can be found here. Insiders have sold 72,312 shares of company stock worth $8,008,343 over the last ninety days. 0.38% of the stock is owned by insiders.

Shares of Chevron Corporation (NYSE:CVX) opened at 120.13 on Tuesday. The company has a 50 day moving average of $114.83 and a 200-day moving average of $108.32. Chevron Corporation has a 12 month low of $99.87 and a 12 month high of $120.89. The firm has a market capitalization of $227.65 billion, a P/E ratio of 38.95 and a beta of 1.24.

Chevron Corporation (NYSE:CVX) last issued its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.02. Chevron Corporation had a return on equity of 4.13% and a net margin of 4.50%. The firm had revenue of $34.48 billion for the quarter, compared to analyst estimates of $32.77 billion. During the same period in the previous year, the firm earned ($0.78) earnings per share. The company’s revenue was up 17.8% compared to the same quarter last year. Analysts predict that Chevron Corporation will post $4.04 EPS for the current year.

A number of equities research analysts have commented on CVX shares. Macquarie lowered shares of Chevron Corporation from an “outperform” rating to a “neutral” rating and set a $105.00 price objective on the stock. in a report on Wednesday, June 21st. BMO Capital Markets set a $130.00 price objective on shares of Chevron Corporation and gave the stock a “buy” rating in a report on Thursday, June 22nd. BidaskClub lowered shares of Chevron Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. Jefferies Group LLC set a $135.00 price objective on shares of Chevron Corporation and gave the stock a “buy” rating in a report on Saturday, June 24th. Finally, Scotiabank reissued a “buy” rating and set a $113.00 price objective on shares of Chevron Corporation in a report on Friday, June 30th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the stock. Chevron Corporation has a consensus rating of “Hold” and an average target price of $117.30.

Chevron Corporation 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 Corporation (NYSE:CVX)

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