Staley Capital Advisers Inc. boosted its holdings in Chevron Co. (NYSE:CVX) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 269,997 shares of the oil and gas company’s stock after purchasing an additional 5,772 shares during the period. Chevron comprises 2.6% of Staley Capital Advisers Inc.’s holdings, making the stock its 14th largest position. Staley Capital Advisers Inc.’s holdings in Chevron were worth $31,725,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CVX. Shine Investment Advisory Services Inc. purchased a new position in Chevron in the second quarter worth $106,000. Winfield Associates Inc. boosted its position in Chevron by 5.1% in the second quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock worth $136,000 after purchasing an additional 63 shares during the last quarter. Acrospire Investment Management LLC boosted its position in Chevron by 133.3% in the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after purchasing an additional 800 shares during the last quarter. Accurate Investment Solutions Inc. raised its stake in shares of Chevron by 59.1% in the third quarter. Accurate Investment Solutions Inc. now owns 1,352 shares of the oil and gas company’s stock valued at $159,000 after buying an additional 502 shares during the period. Finally, Ffcm LLC raised its stake in shares of Chevron by 121.1% in the second quarter. Ffcm LLC now owns 1,501 shares of the oil and gas company’s stock valued at $160,000 after buying an additional 822 shares during the period. 64.06% of the stock is currently owned by institutional investors and hedge funds.

CVX has been the topic of several research reports. Jefferies Group restated a “buy” rating and issued a $137.00 target price (up from $113.54) on shares of Chevron in a research note on Monday, October 30th. Goldman Sachs Group lowered Chevron from a “conviction-buy” rating to a “buy” rating in a research note on Monday, February 5th. Zacks Investment Research upgraded Chevron from a “hold” rating to a “buy” rating and set a $131.00 target price on the stock in a research note on Friday, November 10th. Citigroup boosted their target price on Chevron from $118.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, HSBC lowered Chevron from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Chevron currently has an average rating of “Buy” and a consensus price target of $130.30.

Shares of Chevron Co. (CVX) opened at $113.50 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.04. Chevron Co. has a one year low of $102.55 and a one year high of $133.88. The stock has a market capitalization of $215,580.00, a price-to-earnings ratio of 23.45, a P/E/G ratio of 2.23 and a beta of 1.15.

Chevron (NYSE:CVX) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.54). The business had revenue of $37.62 billion during the quarter, compared to the consensus estimate of $38.43 billion. Chevron had a return on equity of 8.46% and a net margin of 8.57%. Chevron’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.22 earnings per share. research analysts anticipate that Chevron Co. will post 6.36 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Friday, February 16th will be paid a $1.12 dividend. This is a positive change from Chevron’s previous quarterly dividend of $1.08. This represents a $4.48 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend is Thursday, February 15th. Chevron’s dividend payout ratio is currently 89.26%.

In other Chevron news, insider Pierre R. Breber sold 23,250 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $116.85, for a total value of $2,716,762.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Patricia E. Yarrington sold 13,143 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $115.01, for a total value of $1,511,576.43. Following the completion of the transaction, the chief financial officer now owns 17,981 shares in the company, valued at $2,067,994.81. The disclosure for this sale can be found here. Insiders sold a total of 287,271 shares of company stock worth $33,335,800 over the last 90 days. Corporate insiders own 0.38% of the company’s stock.

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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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