Beacon Harbor Wealth Advisors Inc. grew its holdings in Chevron Co. (NYSE:CVX) by 5.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,994 shares of the oil and gas company’s stock after acquiring an additional 920 shares during the period. Beacon Harbor Wealth Advisors Inc.’s holdings in Chevron were worth $2,093,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also bought and sold shares of CVX. Guidant Wealth Advisors lifted its position in shares of Chevron by 63.9% during the 2nd quarter. Guidant Wealth Advisors now owns 259 shares of the oil and gas company’s stock worth $32,000 after purchasing an additional 101 shares during the last quarter. Evolution Wealth Advisors LLC purchased a new stake in shares of Chevron during the 2nd quarter worth $34,000. Transamerica Financial Advisors Inc. purchased a new stake in shares of Chevron during the 2nd quarter worth $46,000. Cordasco Financial Network lifted its position in shares of Chevron by 55.3% during the 2nd quarter. Cordasco Financial Network now owns 379 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 135 shares during the last quarter. Finally, CKW Financial Group lifted its position in shares of Chevron by 154.0% during the 2nd quarter. CKW Financial Group now owns 414 shares of the oil and gas company’s stock worth $51,000 after purchasing an additional 251 shares during the last quarter. Institutional investors and hedge funds own 65.64% of the company’s stock.
In other Chevron news, Director Debra L. Reed bought 4,250 shares of Chevron stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average cost of $118.14 per share, with a total value of $502,095.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Pierre R. Breber sold 15,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $124.97, for a total transaction of $1,874,550.00. The disclosure for this sale can be found here. Insiders sold 86,750 shares of company stock valued at $10,648,200 over the last ninety days. Corporate insiders own 0.31% of the company’s stock.
Shares of CVX opened at $114.74 on Friday. Chevron Co. has a 1-year low of $100.22 and a 1-year high of $127.34. The stock has a market cap of $217.82 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 4.43 and a beta of 0.99. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.15 and a quick ratio of 0.91. The firm has a fifty day moving average price of $118.43 and a 200 day moving average price of $120.49.
Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.53. Chevron had a net margin of 9.18% and a return on equity of 9.58%. The firm had revenue of $38.85 billion during the quarter, compared to analysts’ expectations of $40.14 billion. During the same period in the previous year, the company earned $1.78 earnings per share. Chevron’s quarterly revenue was down 8.0% compared to the same quarter last year. As a group, equities analysts expect that Chevron Co. will post 6.56 EPS for the current fiscal year.
Several research firms have recently issued reports on CVX. Independent Research set a $127.00 price objective on shares of Chevron and gave the stock a “neutral” rating in a research report on Thursday, August 29th. ValuEngine raised shares of Chevron from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Barclays assumed coverage on shares of Chevron in a research report on Monday, August 19th. They issued an “overweight” rating and a $145.00 price target for the company. BMO Capital Markets assumed coverage on shares of Chevron in a research report on Tuesday, August 20th. They issued an “outperform” rating and a $165.00 price target for the company. Finally, Morgan Stanley reduced their price target on shares of Chevron from $146.00 to $144.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $137.47.
Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.
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