The Chevron Corp. (CVX) Stake Lowered by Dowling & Yahnke LLC

The Chevron Corp. (CVX) Stake Lowered by Dowling & Yahnke LLC

Dowling & Yahnke LLC reduced its position in Chevron Corp. (NYSE:CVX) by 0.3% during the second quarter, Holdings Channel reports. The institutional investor owned 62,600 shares of the company’s stock after selling 206 shares during the period. Dowling & Yahnke LLC’s holdings in Chevron Corp. were worth $6,562,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CVX. Univest Corp of Pennsylvania increased its position in Chevron Corp. by 0.3% in the second quarter. Univest Corp of Pennsylvania now owns 4,941 shares of the company’s stock worth $518,000 after buying an additional 14 shares in the last quarter. Barry Investment Advisors LLC increased its position in Chevron Corp. by 0.6% in the second quarter. Barry Investment Advisors LLC now owns 2,699 shares of the company’s stock worth $283,000 after buying an additional 17 shares in the last quarter. Alpha Windward LLC increased its position in Chevron Corp. by 0.9% in the second quarter. Alpha Windward LLC now owns 2,715 shares of the company’s stock worth $285,000 after buying an additional 24 shares in the last quarter. Stillwater Investment Management LLC increased its position in Chevron Corp. by 1.1% in the second quarter. Stillwater Investment Management LLC now owns 2,356 shares of the company’s stock worth $247,000 after buying an additional 25 shares in the last quarter. Finally, Ronna Sue Cohen increased its position in Chevron Corp. by 1.0% in the second quarter. Ronna Sue Cohen now owns 4,531 shares of the company’s stock worth $475,000 after buying an additional 47 shares in the last quarter. Institutional investors and hedge funds own 62.24% of the company’s stock.

Chevron Corp. (NYSE:CVX) traded up 0.29% during trading on Friday, hitting $101.08. 5,114,718 shares of the stock traded hands. The company’s 50 day moving average price is $101.00 and its 200-day moving average price is $101.27. Chevron Corp. has a 52-week low of $75.33 and a 52-week high of $107.58. The stock’s market cap is $190.69 billion.

Chevron Corp. (NYSE:CVX) last announced its quarterly earnings data on Friday, July 29th. The company reported ($0.78) EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by $1.10. The firm had revenue of $29.28 billion for the quarter, compared to analysts’ expectations of $25.78 billion. Chevron Corp. had a positive return on equity of 1.07% and a negative net margin of 0.64%. The firm’s quarterly revenue was down 27.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS. Equities research analysts forecast that Chevron Corp. will post $1.31 earnings per share for the current fiscal year.

CVX has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Chevron Corp. from a “hold” rating to a “strong-buy” rating and set a $118.00 price objective on the stock in a research note on Monday, October 3rd. Vetr upgraded shares of Chevron Corp. from a “buy” rating to a “strong-buy” rating and set a $119.79 price objective on the stock in a research note on Wednesday, September 28th. Exane BNP Paribas initiated coverage on shares of Chevron Corp. in a research note on Monday. They set a “neutral” rating and a $102.00 price objective on the stock. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $117.00 price objective on shares of Chevron Corp. in a research note on Monday, September 26th. Finally, Barclays PLC reissued an “equal weight” rating and set a $125.00 target price on shares of Chevron Corp. in a research report on Monday. Thirteen analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $105.09.

In other news, Director Inge G. Thulin acquired 487 shares of the business’s stock in a transaction on Monday, August 15th. The stock was bought at an average price of $102.87 per share, for a total transaction of $50,097.69. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph C. Geagea sold 26,000 shares of the company’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $102.50, for a total transaction of $2,665,000.00. Following the transaction, the insider now owns 13,000 shares of the company’s stock, valued at approximately $1,332,500. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

About Chevron Corp.

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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