Dana Investment Advisors Inc. cut its stake in Chevron Co. (NYSE:CVX) by 6.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 197,285 shares of the oil and gas company’s stock after selling 14,712 shares during the period. Dana Investment Advisors Inc.’s holdings in Chevron were worth $24,943,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Live Your Vision LLC boosted its stake in Chevron by 308.0% in the 2nd quarter. Live Your Vision LLC now owns 816 shares of the oil and gas company’s stock worth $101,000 after purchasing an additional 616 shares during the period. Advisors Preferred LLC acquired a new position in shares of Chevron during the 1st quarter worth about $110,000. Litman Gregory Asset Management LLC boosted its stake in shares of Chevron by 566.9% during the 1st quarter. Litman Gregory Asset Management LLC now owns 1,147 shares of the oil and gas company’s stock worth $131,000 after buying an additional 975 shares during the last quarter. Point72 Asia Hong Kong Ltd boosted its stake in shares of Chevron by 20,716.7% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 1,249 shares of the oil and gas company’s stock worth $142,000 after buying an additional 1,243 shares during the last quarter. Finally, BigSur Wealth Management LLC acquired a new position in shares of Chevron during the 2nd quarter worth about $200,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

In related news, insider James William Johnson sold 4,750 shares of the firm’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $116.00, for a total value of $551,000.00. Following the completion of the sale, the insider now directly owns 4,750 shares in the company, valued at approximately $551,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.46% of the company’s stock.

A number of equities analysts have recently commented on the stock. Barclays increased their price objective on shares of Chevron from $145.00 to $148.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 11th. Credit Suisse Group set a $132.00 price objective on shares of Chevron and gave the stock a “hold” rating in a research note on Sunday, July 1st. Redburn Partners downgraded shares of Chevron from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $130.00 to $115.00 in a research note on Wednesday, October 3rd. Macquarie downgraded shares of Chevron from an “outperform” rating to a “neutral” rating and set a $125.00 price objective for the company. in a research note on Tuesday, July 3rd. Finally, Royal Bank of Canada restated a “neutral” rating and set a $145.00 price objective on shares of Chevron in a research note on Monday, July 2nd. Nine investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Chevron has a consensus rating of “Buy” and a consensus price target of $136.83.

Shares of NYSE:CVX opened at $117.77 on Friday. Chevron Co. has a 52-week low of $108.02 and a 52-week high of $133.88. The stock has a market capitalization of $234.31 billion, a P/E ratio of 31.83, a PEG ratio of 2.14 and a beta of 1.07. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.08 and a quick ratio of 0.87.

Chevron (NYSE:CVX) last issued its earnings results on Friday, July 27th. The oil and gas company reported $1.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.09 by ($0.31). Chevron had a net margin of 7.87% and a return on equity of 6.89%. The firm had revenue of $42.24 billion during the quarter, compared to analyst estimates of $46.62 billion. During the same quarter last year, the business posted $0.77 earnings per share. The company’s revenue for the quarter was up 22.5% on a year-over-year basis. On average, sell-side analysts expect that Chevron Co. will post 8.17 EPS for the current year.

Chevron Profile

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.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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