Ingalls & Snyder LLC trimmed its holdings in shares of Chevron Co. (NYSE:CVX) by 0.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 147,408 shares of the oil and gas company’s stock after selling 1,237 shares during the period. Chevron makes up about 0.9% of Ingalls & Snyder LLC’s holdings, making the stock its 29th biggest position. Ingalls & Snyder LLC’s holdings in Chevron were worth $17,320,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Pathstone Family Office LLC raised its holdings in Chevron by 2.5% in the 2nd quarter. Pathstone Family Office LLC now owns 813 shares of the oil and gas company’s stock valued at $2,170,000 after acquiring an additional 20 shares in the last quarter. Shine Investment Advisory Services Inc. acquired a new position in shares of Chevron in the 2nd quarter worth approximately $106,000. Thompson Davis & CO. Inc. raised its holdings in shares of Chevron by 20.0% in the 1st quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock worth $123,000 after buying an additional 191 shares in the last quarter. Winfield Associates Inc. raised its holdings in shares of Chevron by 5.1% in the 2nd quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock worth $136,000 after buying an additional 63 shares in the last quarter. Finally, Daiwa SB Investments Ltd. raised its holdings in shares of Chevron by 438.5% in the 2nd quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after buying an additional 1,140 shares in the last quarter. 63.80% of the stock is currently owned by institutional investors.
CVX has been the subject of a number of recent analyst reports. Jefferies Group reaffirmed a “buy” rating and set a $137.00 price target (up from $113.54) on shares of Chevron in a report on Monday, October 30th. Zacks Investment Research upgraded Chevron from a “hold” rating to a “buy” rating and set a $131.00 price objective on the stock in a research report on Friday, November 10th. Citigroup increased their price objective on Chevron from $118.00 to $128.00 and gave the company a “buy” rating in a research report on Monday, October 30th. Goldman Sachs Group restated a “buy” rating and issued a $123.00 price target (up from $118.00) on shares of Chevron in a research report on Tuesday, September 19th. Finally, Wolfe Research upgraded Chevron from a “market perform” rating to an “outperform” rating in a research report on Monday, October 16th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the company. Chevron presently has a consensus rating of “Hold” and a consensus price target of $126.06.
Shares of Chevron Co. (CVX) traded up $3.91 during trading hours on Thursday, hitting $132.57. The stock had a trading volume of 11,641,292 shares, compared to its average volume of 5,190,000. Chevron Co. has a 12 month low of $102.55 and a 12 month high of $133.32. The company has a market capitalization of $251,800.00, a PE ratio of 38.65, a PEG ratio of 2.97 and a beta of 1.21. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.23.
Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. The company had revenue of $36.21 billion during the quarter, compared to analysts’ expectations of $34.06 billion. Chevron had a return on equity of 4.59% and a net margin of 4.79%. The business’s revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.68 earnings per share. analysts forecast that Chevron Co. will post 4.35 earnings per share for the current year.
In other Chevron news, Vice Chairman Michael K. Wirth sold 1,229 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $118.00, for a total transaction of $145,022.00. Following the completion of the transaction, the insider now directly owns 1,229 shares in the company, valued at $145,022. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michael K. Wirth sold 110,771 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $116.17, for a total transaction of $12,868,267.07. Following the transaction, the executive vice president now owns 110,771 shares of the company’s stock, valued at $12,868,267.07. The disclosure for this sale can be found here. Over the last quarter, insiders sold 314,000 shares of company stock valued at $36,540,822. 0.38% of the stock is currently owned by corporate insiders.
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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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