Chevron Corporation (CVX) Holdings Maintained by Barbara Oil Co.

Barbara Oil Co. maintained its position in shares of Chevron Corporation (NYSE:CVX) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,000 shares of the oil and gas company’s stock at the close of the second quarter. Barbara Oil Co.’s holdings in Chevron were worth $835,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC boosted its position in Chevron by 10,213.3% during the 2nd quarter. Harbour Capital Advisors LLC now owns 5,709,042 shares of the oil and gas company’s stock valued at $54,721,000 after acquiring an additional 5,653,686 shares in the last quarter. Principal Financial Group Inc. boosted its position in Chevron by 40.4% during the 2nd quarter. Principal Financial Group Inc. now owns 5,412,567 shares of the oil and gas company’s stock valued at $564,693,000 after acquiring an additional 1,556,270 shares in the last quarter. State Street Corp boosted its position in shares of Chevron by 1.1% in the 1st quarter. State Street Corp now owns 118,769,549 shares of the oil and gas company’s stock worth $12,752,287,000 after purchasing an additional 1,261,078 shares in the last quarter. Boston Partners boosted its position in shares of Chevron by 17.9% in the 2nd quarter. Boston Partners now owns 7,147,113 shares of the oil and gas company’s stock worth $745,659,000 after purchasing an additional 1,084,757 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Chevron by 204.4% in the 2nd quarter. First Trust Advisors LP now owns 1,373,511 shares of the oil and gas company’s stock worth $143,298,000 after purchasing an additional 922,316 shares in the last quarter. Hedge funds and other institutional investors own 63.93% of the company’s stock.

Chevron Corporation (CVX) traded down $0.78 on Thursday, hitting $119.61. 4,852,500 shares of the company’s stock traded hands, compared to its average volume of 5,622,893. Chevron Corporation has a twelve month low of $102.55 and a twelve month high of $122.30. The company has a market cap of $228,665.63, a P/E ratio of 33.72, a PEG ratio of 3.93 and a beta of 1.21. 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 (NYSE:CVX) last released its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.03 EPS for the quarter, beating the 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 business had revenue of $36.21 billion during the quarter, compared to the consensus estimate of $34.06 billion. During the same quarter in the prior year, the firm earned $0.68 EPS. The business’s revenue was up 20.1% on a year-over-year basis. analysts forecast that Chevron Corporation will post 4.37 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date is Thursday, November 16th. Chevron’s payout ratio is 125.95%.

In related news, insider Pierre R. Breber sold 23,250 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $119.00, for a total value of $2,766,750.00. Following the sale, the insider now directly owns 42,182 shares of the company’s stock, valued at approximately $5,019,658. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP R. Hewitt Pate sold 25,500 shares of the stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $120.00, for a total transaction of $3,060,000.00. Following the completion of the sale, the vice president now directly owns 25,500 shares in the company, valued at $3,060,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 314,000 shares of company stock valued at $36,540,822. 0.38% of the stock is owned by insiders.

CVX has been the topic of a number of analyst reports. UBS set a $105.00 price target on Chevron and gave the stock a “neutral” rating in a research report on Wednesday, September 6th. Morgan Stanley boosted their price target on Chevron from $120.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th. Citigroup boosted their price target on Chevron from $118.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. Credit Suisse Group set a $123.00 price target on Chevron and gave the stock a “buy” rating in a research report on Friday, August 25th. Finally, Jefferies Group set a $130.00 price objective on shares of Chevron and gave the stock a “buy” rating in a report on Tuesday, August 29th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $121.22.

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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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