West Oak Capital LLC Sells 272 Shares of Chevron Co. (NYSE:CVX)

West Oak Capital LLC lowered its position in Chevron Co. (NYSE:CVX) by 1.5% in the second quarter, Holdings Channel.com reports. The fund owned 17,811 shares of the oil and gas company’s stock after selling 272 shares during the period. Chevron makes up 1.1% of West Oak Capital LLC’s investment portfolio, making the stock its 23rd largest holding. West Oak Capital LLC’s holdings in Chevron were worth $2,786,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. Berkshire Hathaway Inc lifted its position in shares of Chevron by 14.4% in the 4th quarter. Berkshire Hathaway Inc now owns 126,093,326 shares of the oil and gas company’s stock worth $18,808,081,000 after acquiring an additional 15,845,037 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Chevron by 8.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 26,235,473 shares of the oil and gas company’s stock worth $3,886,821,000 after acquiring an additional 1,999,332 shares during the period. Norges Bank acquired a new position in shares of Chevron in the 4th quarter worth approximately $2,902,007,000. Bank of New York Mellon Corp raised its holdings in shares of Chevron by 4.2% in the 1st quarter. Bank of New York Mellon Corp now owns 16,103,302 shares of the oil and gas company’s stock worth $2,540,135,000 after buying an additional 654,482 shares in the last quarter. Finally, Capital World Investors raised its holdings in shares of Chevron by 3.2% in the 1st quarter. Capital World Investors now owns 16,009,766 shares of the oil and gas company’s stock worth $2,525,380,000 after buying an additional 495,879 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.

Chevron Trading Up 1.3 %

Shares of NYSE:CVX traded up $1.89 during midday trading on Friday, hitting $147.62. The company had a trading volume of 4,824,078 shares, compared to its average volume of 7,814,477. Chevron Co. has a 12 month low of $139.62 and a 12 month high of $171.70. The company has a current ratio of 1.16, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. The stock has a market cap of $272.06 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 2.46 and a beta of 1.10. The firm has a fifty day simple moving average of $152.97 and a 200 day simple moving average of $155.78.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.93 by ($0.38). The company had revenue of $51.18 billion during the quarter, compared to the consensus estimate of $48.68 billion. Chevron had a return on equity of 13.70% and a net margin of 9.31%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.08 earnings per share. On average, analysts predict that Chevron Co. will post 11.96 EPS for the current year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 19th will be issued a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 4.42%. Chevron’s dividend payout ratio is presently 59.98%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CVX. Mizuho increased their target price on Chevron from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Scotiabank dropped their target price on Chevron from $195.00 to $180.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. Wells Fargo & Company increased their target price on Chevron from $198.00 to $206.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Royal Bank of Canada dropped their target price on Chevron from $190.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, August 5th. Finally, Wolfe Research assumed coverage on Chevron in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Chevron presently has a consensus rating of “Moderate Buy” and a consensus price target of $183.82.

Chevron Company Profile

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. 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 of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.