Laird Norton Trust Company LLC Trims Position in Chevron Co. (NYSE:CVX)

Laird Norton Trust Company LLC lessened its holdings in shares of Chevron Co. (NYSE:CVXGet Rating) by 8.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,368 shares of the oil and gas company’s stock after selling 843 shares during the quarter. Laird Norton Trust Company LLC’s holdings in Chevron were worth $1,525,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CVX. Norges Bank purchased a new position in shares of Chevron during the 4th quarter worth $3,111,594,000. Invesco Ltd. increased its holdings in shares of Chevron by 6.8% during the 4th quarter. Invesco Ltd. now owns 14,400,260 shares of the oil and gas company’s stock worth $1,689,870,000 after buying an additional 917,773 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of Chevron by 534.8% during the 4th quarter. Los Angeles Capital Management LLC now owns 946,854 shares of the oil and gas company’s stock worth $111,113,000 after buying an additional 797,701 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Chevron by 28.9% during the 4th quarter. Renaissance Technologies LLC now owns 3,253,895 shares of the oil and gas company’s stock worth $381,845,000 after buying an additional 730,170 shares during the last quarter. Finally, Stonegate Investment Group LLC acquired a new stake in shares of Chevron during the 4th quarter worth $84,849,000. Hedge funds and other institutional investors own 65.89% of the company’s stock.

Chevron Stock Performance

NYSE:CVX opened at $153.64 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.43 and a quick ratio of 1.22. The firm has a 50-day moving average of $154.37 and a two-hundred day moving average of $155.35. The stock has a market cap of $301.87 billion, a P/E ratio of 10.25, a PEG ratio of 0.61 and a beta of 1.15. Chevron Co. has a 1-year low of $92.86 and a 1-year high of $182.40.

Chevron (NYSE:CVXGet Rating) last posted its quarterly earnings data on Friday, July 29th. The oil and gas company reported $5.82 earnings per share for the quarter, beating analysts’ consensus estimates of $4.66 by $1.16. The company had revenue of $68.76 billion during the quarter, compared to analysts’ expectations of $57.69 billion. Chevron had a net margin of 13.45% and a return on equity of 20.19%. The firm’s revenue for the quarter was up 82.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.71 EPS. On average, research analysts expect that Chevron Co. will post 17.51 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 12th. Stockholders of record on Friday, August 19th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Thursday, August 18th. This represents a $5.68 annualized dividend and a dividend yield of 3.70%. Chevron’s payout ratio is 37.89%.

Insider Transactions at Chevron

In other news, EVP Mark A. Nelson sold 117,400 shares of the stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $159.47, for a total transaction of $18,721,778.00. Following the transaction, the executive vice president now owns 788 shares of the company’s stock, valued at $125,662.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Mark A. Nelson sold 117,400 shares of the stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $159.47, for a total transaction of $18,721,778.00. Following the transaction, the executive vice president now owns 788 shares of the company’s stock, valued at $125,662.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Inchausti sold 5,600 shares of the stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $164.85, for a total transaction of $923,160.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 399,043 shares of company stock valued at $67,010,843. Insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

CVX has been the subject of a number of research analyst reports. The Goldman Sachs Group restated a “neutral” rating and set a $172.00 price objective on shares of Chevron in a report on Thursday. Raymond James upped their price objective on Chevron from $173.00 to $191.00 and gave the stock an “outperform” rating in a report on Monday, April 18th. Royal Bank of Canada downgraded Chevron from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from $160.00 to $165.00 in a report on Thursday, April 21st. Citigroup dropped their price objective on Chevron from $170.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, July 13th. Finally, HSBC upgraded Chevron from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $183.00 to $167.00 in a report on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $173.00.

Chevron Company Profile

(Get Rating)

Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation 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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