Douglas Lane & Associates LLC Sells 4,996 Shares of Chevron Corporation (CVX)

Douglas Lane & Associates LLC lessened its position in shares of Chevron Corporation (NYSE:CVX) by 8.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,120 shares of the oil and gas company’s stock after selling 4,996 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Chevron were worth $6,712,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Shine Investment Advisory Services Inc. bought a new position in shares of Chevron during the 2nd quarter worth approximately $106,000. Thompson Davis & CO. Inc. lifted its position in shares of Chevron by 20.0% during the 1st quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock worth $123,000 after buying an additional 191 shares during the period. Winfield Associates Inc. lifted its position in shares of Chevron by 5.1% during the 2nd quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock worth $136,000 after buying an additional 63 shares during the period. Daiwa SB Investments Ltd. lifted its position in shares of Chevron by 438.5% during the 2nd quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after buying an additional 1,140 shares during the period. Finally, Acrospire Investment Management LLC lifted its position in shares of Chevron by 133.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after buying an additional 800 shares during the period. 63.77% of the stock is currently owned by institutional investors.

Several equities analysts recently commented on the company. Jefferies Group restated a “buy” rating and set a $140.00 target price on shares of Chevron in a research report on Wednesday, December 20th. Scotiabank restated a “buy” rating and set a $130.00 target price on shares of Chevron in a research report on Friday. Royal Bank of Canada set a $110.00 target price on Chevron and gave the stock a “sell” rating in a research report on Wednesday, December 20th. Wells Fargo & Co restated a “market perform” rating and set a $108.00 target price (up previously from $100.00) on shares of Chevron in a research report on Tuesday, October 3rd. Finally, Zacks Investment Research upgraded Chevron from a “hold” rating to a “buy” rating and set a $127.00 target price for the company in a research report on Tuesday, October 31st. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $124.22.

In other news, CFO Patricia E. Yarrington sold 13,143 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $115.01, for a total transaction of $1,511,576.43. Following the completion of the sale, the chief financial officer now owns 17,981 shares in the company, valued at $2,067,994.81. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP R. Hewitt Pate sold 25,500 shares of the business’s stock in a transaction on 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 owns 25,500 shares of the company’s stock, valued at approximately $3,060,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 314,000 shares of company stock valued at $36,540,822. Corporate insiders own 0.38% of the company’s stock.

Chevron Corporation (NYSE:CVX) opened at $124.98 on Monday. 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 Corporation has a 52-week low of $102.55 and a 52-week high of $125.65. The stock has a market capitalization of $237,690.00, a price-to-earnings ratio of 36.44, a price-to-earnings-growth ratio of 4.12 and a beta of 1.21.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.04. Chevron had a return on equity of 4.59% and a net margin of 4.79%. The firm had revenue of $36.21 billion during the quarter, compared to the consensus estimate of $34.06 billion. During the same quarter in the previous year, the company posted $0.68 EPS. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. equities research analysts expect that Chevron Corporation will post 4.33 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Friday, November 17th were given a $1.08 dividend. The ex-dividend date was Thursday, November 16th. This represents a $4.32 annualized dividend and a yield of 3.46%. Chevron’s payout ratio is 125.95%.

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Chevron 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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