MONECO Advisors LLC bought a new position in Chevron Co. (NYSE:CVX) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,791 shares of the oil and gas company’s stock, valued at approximately $207,000.
Other hedge funds have also bought and sold shares of the company. Price Wealth LLC raised its holdings in Chevron by 105.8% in the 4th quarter. Price Wealth LLC now owns 284 shares of the oil and gas company’s stock worth $34,000 after acquiring an additional 146 shares during the period. Transamerica Financial Advisors Inc. acquired a new position in Chevron during the 2nd quarter worth $46,000. Quantum Capital Management bought a new stake in Chevron during the third quarter valued at about $51,000. Lenox Wealth Advisors LLC boosted its holdings in Chevron by 54.6% during the fourth quarter. Lenox Wealth Advisors LLC now owns 433 shares of the oil and gas company’s stock valued at $52,000 after acquiring an additional 153 shares during the period. Finally, Vista Private Wealth Partners. LLC acquired a new stake in shares of Chevron in the third quarter valued at about $56,000. 65.57% of the stock is owned by institutional investors.
A number of research firms have recently commented on CVX. Berenberg Bank reiterated a “hold” rating and issued a $128.00 price objective on shares of Chevron in a research note on Thursday, December 12th. Bank of America cut Chevron from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 7th. ValuEngine upgraded Chevron from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Cowen lowered their target price on Chevron from $140.00 to $134.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Piper Jaffray Companies began coverage on Chevron in a research report on Tuesday, November 26th. They issued a “buy” rating and a $143.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $139.00.
NYSE:CVX opened at $113.31 on Wednesday. The firm’s 50-day moving average is $118.33 and its 200-day moving average is $119.31. Chevron Co. has a 52-week low of $110.42 and a 52-week high of $127.34. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.93 and a current ratio of 1.12. The company has a market cap of $218.55 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 4.76 and a beta of 1.02.
Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.36 EPS for the quarter, missing the Zacks’ 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 company 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 company posted $2.11 EPS. The firm’s quarterly revenue was down 17.9% on a year-over-year basis. Equities analysts predict that Chevron Co. will post 6.36 EPS for the current year.
In other Chevron news, CEO Michael K. Wirth sold 67,500 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $121.07, for a total value of $8,172,225.00. Following the completion of the transaction, the chief executive officer now owns 33,750 shares of the company’s stock, valued at approximately $4,086,112.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Rhonda J. Morris sold 7,800 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $119.68, for a total value of $933,504.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,300 shares of company stock worth $10,904,079. 0.31% of the stock is owned by company insiders.
Chevron Company Profile
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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