Chevron Corporation (CVX) Shares Sold by Endurance Wealth Management Inc.

Endurance Wealth Management Inc. trimmed its stake in shares of Chevron Corporation (NYSE:CVX) by 0.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,836 shares of the oil and gas company’s stock after selling 1 shares during the quarter. Endurance Wealth Management Inc.’s holdings in Chevron Corporation were worth $609,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. OLD Point Trust & Financial Services N A lifted its position in shares of Chevron Corporation by 5.2% in the 1st quarter. OLD Point Trust & Financial Services N A now owns 6,150 shares of the oil and gas company’s stock worth $660,000 after buying an additional 305 shares during the last quarter. Roanoke Asset Management Corp NY lifted its position in shares of Chevron Corporation by 1.2% in the 1st quarter. Roanoke Asset Management Corp NY now owns 4,206 shares of the oil and gas company’s stock worth $452,000 after buying an additional 50 shares during the last quarter. Wagner Bowman Management Corp lifted its position in shares of Chevron Corporation by 2.7% in the 1st quarter. Wagner Bowman Management Corp now owns 18,870 shares of the oil and gas company’s stock worth $2,026,000 after buying an additional 492 shares during the last quarter. Diversified Trust Co lifted its position in shares of Chevron Corporation by 0.4% in the 1st quarter. Diversified Trust Co now owns 16,533 shares of the oil and gas company’s stock worth $1,775,000 after buying an additional 67 shares during the last quarter. Finally, James Investment Research Inc. lifted its position in shares of Chevron Corporation by 283.5% in the 1st quarter. James Investment Research Inc. now owns 86,665 shares of the oil and gas company’s stock worth $9,306,000 after buying an additional 64,065 shares during the last quarter. Hedge funds and other institutional investors own 62.90% of the company’s stock.

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A number of research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Chevron Corporation from a “hold” rating to a “buy” rating and set a $127.00 price target on the stock in a research report on Tuesday. Citigroup Inc. raised their price target on shares of Chevron Corporation from $118.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday. Jefferies Group LLC restated a “buy” rating and issued a $137.00 price target (up from $113.54) on shares of Chevron Corporation in a research report on Monday. Royal Bank Of Canada set a $100.00 price target on shares of Chevron Corporation and gave the stock a “sell” rating in a research report on Friday, October 27th. Finally, TheStreet upgraded shares of Chevron Corporation from a “c+” rating to a “b” rating in a research report on Monday, October 23rd. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $120.45.

In other Chevron Corporation news, Director Linnet F. Deily sold 2,312 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $107.38, for a total transaction of $248,262.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP R. Hewitt Pate sold 25,500 shares of the business’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $120.00, for a total value of $3,060,000.00. Following the sale, the vice president now directly owns 25,500 shares of the company’s stock, valued at $3,060,000. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

Chevron Corporation (NYSE CVX) opened at 115.89 on Wednesday. The firm has a market cap of $219.61 billion, a PE ratio of 37.58 and a beta of 1.24. Chevron Corporation has a 52 week low of $100.95 and a 52 week high of $120.89. The stock has a 50 day moving average of $117.29 and a 200 day moving average of $109.14.

Chevron Corporation (NYSE:CVX) last announced its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.04. The firm had revenue of $36.21 billion during the quarter, compared to analysts’ expectations of $34.06 billion. Chevron Corporation had a return on equity of 4.59% and a net margin of 4.79%. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.68 EPS. Analysts anticipate that Chevron Corporation will post $4.01 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 17th will be issued a dividend of $1.08 per share. The ex-dividend date is Thursday, November 16th. This represents a $4.32 annualized dividend and a yield of 3.73%. Chevron Corporation’s dividend payout ratio is currently 125.95%.

About Chevron Corporation

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 Corporation (NYSE:CVX)

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