Fruth Investment Management decreased its position in shares of Chevron Co. (NYSE:CVX) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The hedge fund owned 32,066 shares of the company’s stock after selling 200 shares during the period. Chevron makes up about 1.5% of Fruth Investment Management’s holdings, making the stock its 15th largest position. Fruth Investment Management’s holdings in Chevron were worth $2,884,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CVX. Creative Planning bought a new stake in Chevron during the fourth quarter valued at about $0. First Premier Bank bought a new stake in Chevron during the fourth quarter valued at about $272,000. Baker Avenue Asset Management raised its stake in Chevron by 13.9% in the third quarter. Baker Avenue Asset Management now owns 3,455 shares of the company’s stock valued at $273,000 after buying an additional 422 shares during the last quarter. Crow Point Partners raised its stake in Chevron by 210.2% in the third quarter. Crow Point Partners now owns 3,490 shares of the company’s stock valued at $275,000 after buying an additional 2,365 shares during the last quarter. Finally, Deane Retirement Strategies bought a new stake in Chevron during the fourth quarter valued at about $295,000.

Shares of Chevron Co. (NYSE:CVX) opened at 83.54 on Friday. Chevron Co. has a 12 month low of $69.58 and a 12 month high of $112.93. The firm’s 50-day moving average price is $87.21 and its 200-day moving average price is $86.62. The firm has a market cap of $157.23 billion and a PE ratio of 18.14.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, October 30th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.33. The firm had revenue of $34.32 billion for the quarter, compared to analyst estimates of $31.10 billion. During the same quarter last year, the company earned $2.95 earnings per share. The firm’s revenue for the quarter was down 37.2% on a year-over-year basis. Analysts expect that Chevron Co. will post $3.48 earnings per share for the current year.

Several equities research analysts have recently issued reports on CVX shares. Jefferies Group lowered their price objective on Chevron to $110.00 in a research note on Tuesday, January 12th. HSBC raised their price objective on Chevron from $97.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, November 12th. Evercore ISI raised Chevron from a “hold” rating to a “buy” rating and set a $106.00 price objective for the company in a research note on Tuesday, November 3rd. Vetr raised Chevron from a “hold” rating to a “buy” rating and set a $94.52 price objective for the company in a research note on Thursday, November 19th. Finally, Citigroup Inc. raised Chevron from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $110.00 to $95.00 in a research note on Wednesday, December 2nd. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seventeen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $97.81.

In other Chevron news, CFO Patricia E. Yarrington sold 44,000 shares of the company’s stock in a transaction on Thursday, November 19th. The stock was sold at an average price of $92.05, for a total transaction of $4,050,200.00. Following the transaction, the chief financial officer now directly owns 4,838 shares in the company, valued at $445,337.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph C. Geagea sold 14,000 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was 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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