Diversified Trust Co lessened its holdings in Chevron Co. (NYSE:CVX) by 1.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,403 shares of the oil and gas company’s stock after selling 605 shares during the period. Diversified Trust Co’s holdings in Chevron were worth $3,725,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Guidant Wealth Advisors boosted its stake in Chevron by 63.9% in the second quarter. Guidant Wealth Advisors now owns 259 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 101 shares in the last quarter. Evolution Wealth Advisors LLC purchased a new position in shares of Chevron in the 2nd quarter worth about $34,000. Transamerica Financial Advisors Inc. bought a new position in Chevron during the 2nd quarter valued at approximately $46,000. Cordasco Financial Network raised its position in Chevron by 55.3% during the 2nd quarter. Cordasco Financial Network now owns 379 shares of the oil and gas company’s stock valued at $47,000 after purchasing an additional 135 shares during the last quarter. Finally, CKW Financial Group raised its position in Chevron by 154.0% during the 2nd quarter. CKW Financial Group now owns 414 shares of the oil and gas company’s stock valued at $51,000 after purchasing an additional 251 shares during the last quarter. Institutional investors and hedge funds own 65.61% of the company’s stock.

NYSE CVX traded up $1.53 on Wednesday, hitting $113.24. 548,241 shares of the company traded hands, compared to its average volume of 6,611,805. The company has a current ratio of 1.15, a quick ratio of 0.91 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average price is $118.60 and its 200-day moving average price is $120.88. The company has a market capitalization of $216.13 billion, a price-to-earnings ratio of 13.73, a P/E/G ratio of 4.20 and a beta of 0.99. Chevron Co. has a 52-week low of $100.22 and a 52-week high of $127.60.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.27 EPS for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.53. The business had revenue of $38.85 billion for the quarter, compared to analysts’ expectations of $40.14 billion. Chevron had a return on equity of 9.58% and a net margin of 9.18%. The business’s quarterly revenue was down 8.0% on a year-over-year basis. During the same period last year, the firm earned $1.78 earnings per share. As a group, sell-side analysts predict that Chevron Co. will post 6.78 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 19th were issued a dividend of $1.19 per share. The ex-dividend date was Friday, August 16th. This represents a $4.76 dividend on an annualized basis and a yield of 4.20%. Chevron’s dividend payout ratio is presently 57.70%.

In other news, CFO Pierre R. Breber sold 15,000 shares of Chevron stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $124.97, for a total value of $1,874,550.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Michael K. Wirth sold 33,750 shares of Chevron stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $125.00, for a total value of $4,218,750.00. Following the completion of the sale, the chief executive officer now directly owns 33,750 shares in the company, valued at $4,218,750. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,750 shares of company stock worth $10,648,200. Insiders own 0.31% of the company’s stock.

A number of research firms have commented on CVX. Barclays began coverage on Chevron in a research report on Monday, August 19th. They set an “overweight” rating and a $145.00 price target for the company. BMO Capital Markets assumed coverage on Chevron in a research report on Tuesday, August 20th. They issued an “outperform” rating and a $165.00 target price for the company. Independent Research set a $127.00 target price on Chevron and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Morgan Stanley decreased their target price on Chevron from $146.00 to $144.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Finally, ValuEngine raised Chevron from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $137.47.

Chevron Company 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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