Tdam USA Inc. lowered its holdings in Chevron Corporation (NYSE:CVX) by 4.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 116,785 shares of the oil and gas company’s stock after selling 4,812 shares during the period. Tdam USA Inc.’s holdings in Chevron Corporation were worth $12,160,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CVX. Thompson Davis & CO. Inc. lifted its position in shares of 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 valued at $123,000 after buying an additional 191 shares during the last quarter. Winfield Associates Inc. lifted its position in shares of Chevron Corporation by 5.1% during the 2nd quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock valued at $136,000 after buying an additional 63 shares during the last quarter. Daiwa SB Investments Ltd. lifted its position in shares of 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 valued at $146,000 after buying an additional 1,140 shares during the last quarter. New Capital Management LP lifted its position in shares of 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 valued at $156,000 after buying an additional 4 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA lifted its position in shares of 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 valued at $213,000 after buying an additional 160 shares during the last quarter. 62.90% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently commented on the company. BMO Capital Markets cut Chevron Corporation from an “outperform” rating to a “market perform” rating and set a $120.00 price target on the stock. in a research report on Wednesday, October 18th. They noted that the move was a valuation call. Societe Generale cut Chevron Corporation from a “buy” rating to a “hold” rating and upped their price target for the company from $120.00 to $130.00 in a research report on Wednesday, October 18th. Morgan Stanley upped their price target on Chevron Corporation from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Vetr cut Chevron Corporation 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. Finally, Macquarie raised Chevron Corporation from a “neutral” rating to an “outperform” rating and set a $135.00 price target on the stock in a research report on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the company’s stock. Chevron Corporation has a consensus rating of “Buy” and a consensus target price of $120.45.

In other news, VP R. Hewitt Pate sold 25,500 shares of Chevron Corporation stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $120.00, for a total value of $3,060,000.00. Following the sale, the vice president now directly owns 25,500 shares of the company’s stock, valued at $3,060,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Linnet F. Deily sold 2,312 shares of Chevron Corporation stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $107.38, for a total value of $248,262.56. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

Chevron Corporation (NYSE CVX) opened at 115.89 on Wednesday. Chevron Corporation has a 12 month low of $100.95 and a 12 month high of $120.89. The company has a market capitalization of $219.61 billion, a price-to-earnings ratio of 37.58 and a beta of 1.24. The stock’s 50 day moving average price is $117.29 and its 200 day moving average price is $109.14.

Chevron Corporation (NYSE:CVX) last issued its earnings results on Friday, October 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.04. Chevron Corporation had a return on equity of 4.59% and a net margin of 4.79%. The firm had revenue of $36.21 billion for the quarter, compared to analysts’ expectations of $34.06 billion. During the same period in the previous year, the firm posted $0.68 earnings per share. The business’s revenue was up 20.1% compared to the same quarter last year. Equities research analysts anticipate that Chevron Corporation will post $4.01 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 17th will be issued a $1.08 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $4.32 annualized dividend and a dividend yield of 3.73%. Chevron Corporation’s dividend payout ratio (DPR) is 125.95%.

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About Chevron Corporation

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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