Partnerre Asset Management reduced its stake in Chevron Co. (NYSE:CVX) by 63.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,611 shares of the company’s stock after selling 21,445 shares during the period. Chevron accounts for about 0.6% of Partnerre Asset Management’s holdings, making the stock its 25th largest position. Partnerre Asset Management’s holdings in Chevron were worth $1,134,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Banced Corp increased its stake in Chevron by 2.8% in the fourth quarter. Banced Corp now owns 8,991 shares of the company’s stock worth $808,000 after buying an additional 243 shares in the last quarter. Indiana Trust & Investment Management Company increased its stake in Chevron by 80.3% in the fourth quarter. Indiana Trust & Investment Management Company now owns 23,036 shares of the company’s stock worth $2,584,000 after buying an additional 10,256 shares in the last quarter. Southport Capital Management increased its stake in Chevron by 2.1% in the fourth quarter. Southport Capital Management now owns 14,934 shares of the company’s stock worth $1,343,000 after buying an additional 311 shares in the last quarter. Chelsea Counsel Company increased its stake in Chevron by 62.5% in the third quarter. Chelsea Counsel Company now owns 91,377 shares of the company’s stock worth $7,208,000 after buying an additional 35,146 shares in the last quarter. Finally, Renaissance Investment Group increased its stake in Chevron by 2.4% in the fourth quarter. Renaissance Investment Group now owns 6,188 shares of the company’s stock worth $557,000 after buying an additional 146 shares in the last quarter.

Chevron Co. (NYSE:CVX) opened at 86.47 on Friday. The company has a market cap of $162.74 billion and a P/E ratio of 18.77. Chevron Co. has a 52-week low of $69.58 and a 52-week high of $112.93. The stock’s 50 day moving average price is $86.61 and its 200 day moving average price is $86.25.

Chevron (NYSE:CVX) last posted its earnings results on Friday, January 29th. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of $0.46 by $0.77. The company earned $29.25 billion during the quarter, compared to analysts’ expectations of $29.70 billion. Analysts expect that Chevron Co. will post $1.85 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 10th. Investors of record on Thursday, February 18th will be issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 4.95%. The ex-dividend date is Tuesday, February 16th.

A number of equities research analysts have issued reports on the company. Goldman Sachs restated a “sell” rating and set a $78.00 price target on shares of Chevron in a research note on Wednesday. JPMorgan Chase & Co. cut their price target on Chevron from $91.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday. Vetr downgraded Chevron from a “strong-buy” rating to a “buy” rating and set a $92.88 price target for the company. in a research note on Tuesday, January 26th. Tudor Pickering upgraded Chevron from an “accumulate” rating to a “buy” rating in a research note on Monday, January 25th. Finally, Independent Research GmbH set a $84.00 price target on Chevron and gave the company a “neutral” rating in a research note on Friday, January 22nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $96.52.

In other Chevron news, CFO Patricia E. Yarrington sold 44,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 19th. The stock was sold at an average price of $92.05, for a total value of $4,050,200.00. Following the sale, the chief financial officer now directly owns 4,838 shares of the company’s stock, valued at $445,337.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Joseph C. Geagea sold 14,000 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $95.11, for a total value of $1,331,540.00. The disclosure for this sale can be found here.

Chevron Corporation (NYSE:CVX) manages its investments in subsidiaries and affiliates. The Company operates through two segments: Upstream and Downstream. Upstream operations consist primarily of exploring for, developing and producing crude oil and natural gas; processing, liquefaction, transportation and regasification associated with liquefied natural gas (LNG); transporting crude oil through international oil export pipelines; transporting, storing and marketing natural gas, and operating a gas-to-liquids plant. The Company’s Downstream operations primarily consist of refining crude oil into petroleum products; marketing crude oil and refined products; transporting crude oil and refined products by pipeline, marine vessel, motor equipment and rail car, and manufacturing and marketing commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives.

12 Month Chart for NYSE:CVX

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