Squar Milner Financial Services LLC grew its position in shares of Chevron Co. (NYSE:CVX) by 22.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,035 shares of the oil and gas company’s stock after acquiring an additional 1,118 shares during the quarter. Squar Milner Financial Services LLC’s holdings in Chevron were worth $727,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Price Wealth LLC boosted its holdings in shares of Chevron by 105.8% in the 4th quarter. Price Wealth LLC now owns 284 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 146 shares during the last quarter. Transamerica Financial Advisors Inc. acquired a new stake in shares of Chevron in the 2nd quarter valued at approximately $46,000. Quantum Capital Management acquired a new stake in shares of Chevron in the 3rd quarter valued at approximately $51,000. Lenox Wealth Advisors LLC boosted its holdings in shares of Chevron by 54.6% in the 4th quarter. Lenox Wealth Advisors LLC now owns 433 shares of the oil and gas company’s stock valued at $52,000 after buying an additional 153 shares during the last quarter. Finally, Vista Private Wealth Partners. LLC acquired a new stake in shares of Chevron in the 3rd quarter valued at approximately $56,000. 65.57% of the stock is owned by hedge funds and other institutional investors.
Chevron stock traded down $1.42 during mid-day trading on Tuesday, hitting $114.16. 2,102,441 shares of the company’s stock traded hands, compared to its average volume of 5,464,590. The firm has a 50 day simple moving average of $118.36 and a two-hundred day simple moving average of $119.35. Chevron Co. has a fifty-two week low of $110.17 and a fifty-two week high of $127.34. The stock has a market cap of $218.55 billion, a price-to-earnings ratio of 16.38, a P/E/G ratio of 4.76 and a beta of 1.02. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 0.93.
Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.11). Chevron had a net margin of 8.70% and a return on equity of 8.89%. The business had revenue of $36.12 billion for the quarter, compared to analyst estimates of $37.69 billion. During the same period in the prior year, the business earned $2.11 EPS. The company’s revenue for the quarter was down 17.9% compared to the same quarter last year. On average, research analysts anticipate that Chevron Co. will post 6.36 earnings per share for the current fiscal year.
CVX has been the subject of several recent analyst reports. Cowen cut their price objective on Chevron from $140.00 to $134.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Piper Jaffray Companies initiated coverage on Chevron in a report on Tuesday, November 26th. They issued a “buy” rating and a $143.00 price objective for the company. Berenberg Bank reissued a “hold” rating and issued a $128.00 price objective on shares of Chevron in a report on Thursday, December 12th. Citigroup downgraded Chevron from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Finally, Bank of America downgraded Chevron from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $139.00.
In other Chevron news, VP Rhonda J. Morris sold 7,800 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $119.68, for a total transaction of $933,504.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider David A. Inchausti sold 15,000 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $119.89, for a total value of $1,798,350.00. Following the transaction, the insider now owns 15,000 shares in the company, valued at approximately $1,798,350. The disclosure for this sale can be found here. Insiders have sold a total of 90,300 shares of company stock valued at $10,904,079 in the last ninety days. Insiders own 0.31% of the company’s stock.
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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