Whittier Trust Co. raised its holdings in Chevron Corporation (NYSE:CVX) by 0.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 315,107 shares of the oil and gas company’s stock after acquiring an additional 1,232 shares during the period. Chevron makes up approximately 1.3% of Whittier Trust Co.’s investment portfolio, making the stock its 11th largest position. Whittier Trust Co.’s holdings in Chevron were worth $37,025,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. WASHINGTON TRUST Co grew its stake in shares of Chevron by 4.0% in the 1st quarter. WASHINGTON TRUST Co now owns 117,220 shares of the oil and gas company’s stock valued at $12,586,000 after buying an additional 4,477 shares during the period. Stoneridge Investment Partners LLC purchased a new position in shares of Chevron during the 1st quarter worth approximately $387,000. Nwam LLC boosted its position in shares of Chevron by 5.0% during the 1st quarter. Nwam LLC now owns 27,748 shares of the oil and gas company’s stock worth $2,979,000 after purchasing an additional 1,327 shares during the period. Strategic Financial Group LLC boosted its position in shares of Chevron by 6.0% during the 1st quarter. Strategic Financial Group LLC now owns 8,979 shares of the oil and gas company’s stock worth $964,000 after purchasing an additional 510 shares during the period. Finally, Pillar Pacific Capital Management LLC boosted its position in shares of Chevron by 7.3% during the 1st quarter. Pillar Pacific Capital Management LLC now owns 60,260 shares of the oil and gas company’s stock worth $6,471,000 after purchasing an additional 4,085 shares during the period. Institutional investors own 63.77% of the company’s stock.

In other news, Vice Chairman Michael K. Wirth sold 1,229 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $118.00, for a total value of $145,022.00. Following the sale, the insider now directly owns 1,229 shares in the company, valued at approximately $145,022. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Patricia E. Yarrington sold 116,857 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $115.29, for a total transaction of $13,472,443.53. Following the completion of the sale, the chief financial officer now owns 39,506 shares in the company, valued at $4,554,646.74. The disclosure for this sale can be found here. Insiders sold a total of 314,000 shares of company stock worth $36,540,822 over the last 90 days. Company insiders own 0.38% of the company’s stock.

CVX has been the subject of a number of research analyst reports. Jefferies Group set a $130.00 price objective on shares of Chevron and gave the stock a “buy” rating in a research report on Tuesday, August 29th. UBS Group set a $105.00 price objective on shares of Chevron and gave the stock a “neutral” rating in a research report on Wednesday, September 6th. Scotiabank reaffirmed a “buy” rating on shares of Chevron in a research report on Friday, September 15th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Chevron in a research report on Saturday, September 16th. Finally, Cowen reaffirmed a “buy” rating and set a $122.00 price objective on shares of Chevron in a research report on Tuesday, September 19th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the stock. Chevron currently has a consensus rating of “Hold” and a consensus price target of $124.22.

Chevron Corporation (CVX) opened at $124.98 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 0.84. Chevron Corporation has a 1 year low of $102.55 and a 1 year high of $125.65. The company has a market cap of $237,690.00, a P/E ratio of 36.44, a price-to-earnings-growth ratio of 4.12 and a beta of 1.21.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Friday, November 17th were issued a $1.08 dividend. The ex-dividend date was Thursday, November 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.46%. Chevron’s payout ratio is 125.95%.

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About Chevron

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 (NYSE:CVX)

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