West Family Investments Inc. Has $694,000 Stock Holdings in Chevron Co. (NYSE:CVX)

West Family Investments Inc. trimmed its stake in Chevron Co. (NYSE:CVX - Free Report) by 83.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,710 shares of the oil and gas company's stock after selling 23,680 shares during the period. West Family Investments Inc.'s holdings in Chevron were worth $694,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rational Advisors LLC bought a new position in Chevron in the 3rd quarter worth $29,000. Anfield Capital Management LLC boosted its position in Chevron by 118.0% during the 2nd quarter. Anfield Capital Management LLC now owns 218 shares of the oil and gas company's stock valued at $34,000 after acquiring an additional 118 shares in the last quarter. Cyrus J. Lawrence LLC grew its stake in Chevron by 66.7% during the 2nd quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company's stock worth $39,000 after buying an additional 100 shares during the last quarter. Krane Funds Advisors LLC purchased a new stake in Chevron during the 3rd quarter valued at about $47,000. Finally, Livelsberger Financial Advisory acquired a new stake in Chevron during the third quarter worth about $47,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Michael K. Wirth sold 164,600 shares of Chevron stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $160.13, for a total transaction of $26,357,398.00. Following the completion of the sale, the chief executive officer now directly owns 4,280 shares in the company, valued at $685,356.40. The trade was a 97.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Wells Fargo & Company decreased their target price on shares of Chevron from $196.00 to $169.00 and set an "overweight" rating on the stock in a report on Friday, September 27th. Barclays raised their target price on shares of Chevron from $168.00 to $174.00 and gave the stock an "overweight" rating in a research note on Monday, November 4th. Mizuho cut their target price on shares of Chevron from $205.00 to $189.00 and set an "outperform" rating for the company in a research note on Monday, September 16th. Royal Bank of Canada boosted their price objective on Chevron from $170.00 to $175.00 and gave the stock an "outperform" rating in a research note on Monday, November 4th. Finally, DZ Bank upgraded Chevron from a "hold" rating to a "buy" rating and set a $170.00 price objective on the stock in a research note on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $174.93.

Chevron Price Performance

CVX stock traded down $1.15 during midday trading on Tuesday, reaching $159.61. The stock had a trading volume of 4,656,781 shares, compared to its average volume of 7,657,261. The company's fifty day simple moving average is $149.80 and its 200 day simple moving average is $152.57. The company has a market cap of $286.83 billion, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 3.63 and a beta of 1.09. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. Chevron Co. has a 52-week low of $135.37 and a 52-week high of $167.11.

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.04. The company had revenue of $50.67 billion for the quarter, compared to the consensus estimate of $48.86 billion. Chevron had a net margin of 8.44% and a return on equity of 13.15%. Chevron's revenue for the quarter was down 6.3% on a year-over-year basis. During the same period last year, the firm posted $3.05 EPS. As a group, sell-side analysts predict that Chevron Co. will post 10.55 earnings per share for the current fiscal year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th will be paid a dividend of $1.63 per share. The ex-dividend date is Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.08%. Chevron's payout ratio is 71.65%.

About Chevron

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.