OLD Second National Bank of Aurora reduced its position in shares of Chevron Corporation (NYSE:CVX) by 34.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,619 shares of the oil and gas company’s stock after selling 11,365 shares during the period. OLD Second National Bank of Aurora’s holdings in Chevron were worth $2,540,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rockefeller Financial Services Inc. raised its stake in Chevron by 14.4% in the third quarter. Rockefeller Financial Services Inc. now owns 332,860 shares of the oil and gas company’s stock valued at $39,111,000 after buying an additional 41,811 shares in the last quarter. Butensky & Cohen Financial Security Inc. raised its stake in Chevron by 4.0% in the third quarter. Butensky & Cohen Financial Security Inc. now owns 18,581 shares of the oil and gas company’s stock valued at $2,183,000 after buying an additional 722 shares in the last quarter. Meeder Asset Management Inc. raised its stake in Chevron by 37.6% in the third quarter. Meeder Asset Management Inc. now owns 66,977 shares of the oil and gas company’s stock valued at $7,869,000 after buying an additional 18,307 shares in the last quarter. Fisher Asset Management LLC raised its stake in Chevron by 3.3% in the third quarter. Fisher Asset Management LLC now owns 3,925,180 shares of the oil and gas company’s stock valued at $461,209,000 after buying an additional 126,060 shares in the last quarter. Finally, Founders Capital Management raised its stake in Chevron by 3.1% in the third quarter. Founders Capital Management now owns 28,834 shares of the oil and gas company’s stock valued at $3,388,000 after buying an additional 875 shares in the last quarter. Institutional investors and hedge funds own 63.77% of the company’s stock.

A number of research firms have weighed in on CVX. Scotiabank restated a “buy” rating and issued a $130.00 price target on shares of Chevron in a research note on Friday. Royal Bank of Canada set a $110.00 price target on Chevron and gave the company a “sell” rating in a research note on Wednesday. Cowen restated an “outperform” rating and issued a $160.00 price target (up from $122.00) on shares of Chevron in a research note on Thursday. Jefferies Group restated a “buy” rating and issued a $140.00 price target on shares of Chevron in a research note on Wednesday. Finally, Credit Suisse Group began coverage on Chevron in a research note on Monday, December 11th. They issued a “neutral” rating and a $123.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $124.22.

In related news, VP R. Hewitt Pate sold 25,500 shares of the business’s 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 transaction, the vice president now owns 25,500 shares in the company, valued at approximately $3,060,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Michael K. Wirth sold 1,229 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $118.00, for a total value of $145,022.00. Following the completion of the transaction, the insider now owns 1,229 shares in the company, valued at approximately $145,022. The disclosure for this sale can be found here. Insiders sold a total of 314,000 shares of company stock worth $36,540,822 in the last 90 days. 0.38% of the stock is currently owned by insiders.

Shares of Chevron Corporation (NYSE CVX) opened at $124.98 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.23. Chevron Corporation has a 52-week low of $102.55 and a 52-week high of $125.65. The company has a market capitalization of $237,690.00, a PE ratio of 36.44, a PEG ratio of 4.12 and a beta of 1.21.

Chevron (NYSE:CVX) last posted its earnings results on Friday, October 27th. The oil and gas company reported $1.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.04. The business had revenue of $36.21 billion for the quarter, compared to analysts’ expectations of $34.06 billion. Chevron had a return on equity of 4.59% and a net margin of 4.79%. The business’s revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.68 earnings per share. research analysts forecast that Chevron Corporation will post 4.33 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Friday, November 17th were given a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.46%. The ex-dividend date was Thursday, November 16th. Chevron’s dividend payout ratio (DPR) is presently 125.95%.

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Chevron Company 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.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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