Searle & CO. trimmed its position in shares of Chevron Co. (NYSE:CVX) by 6.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,075 shares of the oil and gas company’s stock after selling 525 shares during the quarter. Searle & CO.’s holdings in Chevron were worth $853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price Wealth LLC increased its position in shares of Chevron by 105.8% during the 4th quarter. Price Wealth LLC now owns 284 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 146 shares during the last quarter. Transamerica Financial Advisors Inc. purchased a new position in shares of Chevron in the 2nd quarter worth about $46,000. Quantum Capital Management purchased a new position in shares of Chevron in the 3rd quarter worth about $51,000. Lenox Wealth Advisors LLC grew its position 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 buying an additional 153 shares during the period. Finally, Vista Private Wealth Partners. LLC bought a new position in Chevron during the third quarter valued at about $56,000. Hedge funds and other institutional investors own 65.57% of the company’s stock.
Several analysts have commented on the stock. Citigroup lowered shares of Chevron from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. ValuEngine upgraded shares of Chevron from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Piper Jaffray Companies assumed coverage on shares of Chevron in a research report on Tuesday, November 26th. They set a “buy” rating and a $143.00 target price for the company. Cowen decreased their price target on shares of Chevron from $140.00 to $134.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a $128.00 price target on shares of Chevron in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. Chevron presently has a consensus rating of “Hold” and an average price target of $139.00.
NYSE CVX opened at $113.31 on Wednesday. The company’s 50 day simple moving average is $118.33 and its two-hundred day simple moving average is $119.31. The stock has a market capitalization of $218.55 billion, a PE ratio of 16.26, 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 Co. has a 1 year low of $110.42 and a 1 year high of $127.34.
Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.11). The business had revenue of $36.12 billion during the quarter, compared to analysts’ expectations of $37.69 billion. Chevron had a net margin of 8.70% and a return on equity of 8.89%. The business’s revenue was down 17.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.11 EPS. On average, research analysts anticipate that Chevron Co. will post 6.36 EPS for the current year.
In other Chevron news, insider David A. Inchausti sold 15,000 shares of Chevron stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $119.89, for a total transaction of $1,798,350.00. Following the completion of the sale, the insider now owns 15,000 shares of the company’s stock, valued at $1,798,350. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Rhonda J. Morris sold 7,800 shares of Chevron stock in a transaction dated 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 quarter, insiders have sold 90,300 shares of company stock valued at $10,904,079. 0.31% of the stock is currently owned by company insiders.
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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