Aviance Capital Partners LLC reduced its stake in shares of Chevron Co. (NYSE:CVX) by 11.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,385 shares of the oil and gas company’s stock after selling 445 shares during the quarter. Aviance Capital Partners LLC’s holdings in Chevron were worth $424,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Koshinski Asset Management Inc. grew its position in shares of Chevron by 8.0% in the 4th quarter. Koshinski Asset Management Inc. now owns 14,572 shares of the oil and gas company’s stock worth $1,824,000 after buying an additional 1,077 shares during the period. Bogart Wealth LLC grew its position in shares of Chevron by 3.7% in the 4th quarter. Bogart Wealth LLC now owns 15,316 shares of the oil and gas company’s stock worth $1,917,000 after buying an additional 542 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Chevron by 2.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 8,453,505 shares of the oil and gas company’s stock worth $1,058,082,000 after buying an additional 234,920 shares during the period. Berkshire Asset Management LLC PA grew its position in shares of Chevron by 42.7% in the 4th quarter. Berkshire Asset Management LLC PA now owns 25,234 shares of the oil and gas company’s stock worth $3,159,000 after buying an additional 7,550 shares during the period. Finally, Goodman Financial Corp grew its position in shares of Chevron by 1.1% in the 4th quarter. Goodman Financial Corp now owns 44,527 shares of the oil and gas company’s stock worth $5,574,000 after buying an additional 483 shares during the period. 64.42% of the stock is currently owned by hedge funds and other institutional investors.

Chevron opened at $124.30 on Friday, according to Marketbeat. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. The stock has a market cap of $231.89 billion, a price-to-earnings ratio of 33.59, a P/E/G ratio of 2.28 and a beta of 1.14. Chevron Co. has a 52-week low of $102.55 and a 52-week high of $133.88.

Chevron (NYSE:CVX) last posted its earnings results on Friday, April 27th. The oil and gas company reported $1.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.45. The business had revenue of $37.76 billion for the quarter, compared to analysts’ expectations of $40.34 billion. Chevron had a net margin of 6.95% and a return on equity of 5.83%. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.23 EPS. analysts expect that Chevron Co. will post 7.6 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 11th. Shareholders of record on Friday, May 18th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend is Thursday, May 17th. Chevron’s dividend payout ratio is currently 121.08%.

CVX has been the topic of a number of recent research reports. Goldman Sachs Group downgraded shares of Chevron from a “conviction-buy” rating to a “buy” rating in a research report on Monday, February 5th. Societe Generale raised shares of Chevron from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. DZ Bank raised shares of Chevron from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Bank of America raised shares of Chevron from a “neutral” rating to a “buy” rating and upped their target price for the stock from $113.61 to $138.00 in a research report on Wednesday, February 28th. They noted that the move was a valuation call. Finally, Vetr downgraded shares of Chevron from a “strong-buy” rating to a “buy” rating and set a $122.05 target price on the stock. in a research report on Monday, February 26th. Seven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Chevron presently has an average rating of “Buy” and an average price target of $133.52.

In other Chevron news, VP R. Hewitt Pate sold 25,500 shares of the company’s stock in a transaction dated Tuesday, April 17th. The shares were sold at an average price of $121.97, for a total transaction of $3,110,235.00. Following the transaction, the vice president now owns 25,500 shares in the company, valued at approximately $3,110,235. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Pierre R. Breber sold 25,000 shares of the company’s stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $130.41, for a total transaction of $3,260,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 386,500 shares of company stock worth $49,748,880 in the last 90 days. Company insiders own 0.38% of the company’s stock.

About Chevron

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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