Northpointe Capital LLC increased its position in shares of Chevron Corporation (NYSE:CVX) by 0.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,740 shares of the oil and gas company’s stock after buying an additional 21 shares during the period. Northpointe Capital LLC’s holdings in Chevron Corporation were worth $6,414,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Kentucky Retirement Systems acquired a new stake in Chevron Corporation during the fourth quarter valued at approximately $16,123,000. First PREMIER Bank raised its stake in Chevron Corporation by 4.7% in the first quarter. First PREMIER Bank now owns 4,241 shares of the oil and gas company’s stock valued at $456,000 after buying an additional 190 shares during the last quarter. Aviva PLC raised its stake in Chevron Corporation by 28.8% in the fourth quarter. Aviva PLC now owns 1,852,324 shares of the oil and gas company’s stock valued at $218,185,000 after buying an additional 414,257 shares during the last quarter. Merriman Wealth Management LLC acquired a new stake in Chevron Corporation during the first quarter valued at approximately $224,000. Finally, Guggenheim Capital LLC raised its stake in Chevron Corporation by 2.1% in the fourth quarter. Guggenheim Capital LLC now owns 988,896 shares of the oil and gas company’s stock valued at $116,394,000 after buying an additional 20,383 shares during the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Chevron Corporation (NYSE:CVX) opened at 104.21 on Tuesday. The company’s 50-day moving average is $105.41 and its 200 day moving average is $109.94. The stock has a market cap of $197.43 billion, a PE ratio of 67.62 and a beta of 1.23. Chevron Corporation has a 52 week low of $97.53 and a 52 week high of $119.00.
Chevron Corporation (NYSE:CVX) last announced its earnings results on Friday, April 28th. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.56. The company had revenue of $33.42 billion during the quarter, compared to analysts’ expectations of $34.05 billion. Chevron Corporation had a net margin of 2.34% and a return on equity of 3.58%. The firm’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.39) earnings per share. Analysts forecast that Chevron Corporation will post $3.89 earnings per share for the current fiscal year.
CVX has been the topic of several recent research reports. Vetr raised shares of Chevron Corporation from a “buy” rating to a “strong-buy” rating and set a $120.46 price target on the stock in a report on Friday, April 14th. BidaskClub lowered shares of Chevron Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. Scotiabank set a $114.00 price target on shares of Chevron Corporation and gave the company a “buy” rating in a report on Monday, May 1st. Exane BNP Paribas lowered shares of Chevron Corporation from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $105.00 to $100.00 in a report on Friday, May 26th. Finally, Royal Bank Of Canada lowered shares of Chevron Corporation from a “sector perform” rating to an “underperform” rating and lowered their price target for the company from $112.00 to $100.00 in a report on Thursday, July 6th. Six equities research analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $116.28.
About Chevron Corporation
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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