Oakbrook Investments LLC lessened its holdings in Chevron Co. (NYSE:CVX) by 6.1% in the second quarter, Holdings Channel reports. The institutional investor owned 34,454 shares of the oil and gas company’s stock after selling 2,255 shares during the period. Oakbrook Investments LLC’s holdings in Chevron were worth $4,287,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Evolution Wealth Advisors LLC acquired a new stake in Chevron during the 2nd quarter valued at approximately $34,000. CKW Financial Group increased its position in Chevron by 123.5% during the 4th quarter. CKW Financial Group now owns 362 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 200 shares during the period. Cordasco Financial Network increased 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 period. Highwater Wealth Management LLC acquired a new stake in Chevron during the 4th quarter valued at approximately $51,000. Finally, Ironwood Financial llc increased its position in Chevron by 94.2% during the 4th quarter. Ironwood Financial llc now owns 538 shares of the oil and gas company’s stock valued at $59,000 after purchasing an additional 261 shares during the period. Institutional investors and hedge funds own 65.43% of the company’s stock.

CVX has been the subject of several recent analyst reports. Morgan Stanley set a $207.00 price objective on shares of Alibaba Group and gave the stock a “buy” rating in a research report on Friday, July 12th. Cowen reaffirmed a “market perform” rating and set a $99.00 price objective (up previously from $97.00) on shares of United Continental in a research report on Wednesday, April 17th. Bank of America set a $144.00 price objective on shares of Walt Disney and gave the stock a “buy” rating in a research report on Friday, April 12th. Zacks Investment Research downgraded shares of GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Finally, Citigroup set a $13.00 price objective on shares of e.l.f. Beauty and gave the stock a “hold” rating in a research report on Monday, May 13th. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $135.72.

In other news, Director Enrique Hernandez, Jr. sold 2,100 shares of Chevron stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $121.75, for a total transaction of $255,675.00. Following the sale, the director now directly owns 15,689 shares in the company, valued at approximately $1,910,135.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Michael K. Wirth sold 33,750 shares of Chevron stock in a transaction on Friday, June 21st. The stock was sold at an average price of $125.60, for a total value of $4,239,000.00. Following the sale, the chairman now owns 33,750 shares in the company, valued at $4,239,000. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,050 shares of company stock worth $5,007,621. Company insiders own 0.31% of the company’s stock.

NYSE:CVX traded down $1.91 during trading hours on Friday, hitting $123.72. 6,971,719 shares of the company traded hands, compared to its average volume of 4,207,801. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.90 and a current ratio of 1.12. The business’s 50-day simple moving average is $123.77. Chevron Co. has a one year low of $100.22 and a one year high of $128.55. The firm has a market cap of $235.65 billion, a P/E ratio of 15.00, a PEG ratio of 3.05 and a beta of 0.99.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.13. Chevron had a return on equity of 9.07% and a net margin of 8.45%. The business had revenue of $35.20 billion for the quarter, compared to analysts’ expectations of $38.42 billion. During the same period last year, the business earned $1.90 EPS. The business’s revenue was down 6.8% on a year-over-year basis. On average, analysts forecast that Chevron Co. will post 6.77 earnings per share for the current fiscal year.

About Chevron

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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