Inverness Counsel LLC NY trimmed its position in shares of Chevron Co. (NYSE:CVX) by 36.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,977 shares of the oil and gas company’s stock after selling 24,230 shares during the period. Inverness Counsel LLC NY’s holdings in Chevron were worth $5,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently added to or reduced their stakes in the stock. Shine Investment Advisory Services Inc. bought a new position in shares of Chevron during the 2nd quarter worth $106,000. Thompson Davis & CO. Inc. grew its position in shares of Chevron by 20.0% during 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. grew its position in shares of Chevron by 5.1% during 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. Daiwa SB Investments Ltd. grew its position in shares of Chevron by 438.5% during 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. Finally, Acrospire Investment Management LLC boosted its position in Chevron by 133.3% during the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the oil and gas company’s stock valued at $146,000 after purchasing an additional 800 shares in the last quarter. Institutional investors own 63.80% of the company’s stock.
Chevron Co. (NYSE CVX) traded up $1.03 during trading hours on Friday, reaching $133.60. The company’s stock had a trading volume of 7,205,800 shares, compared to its average volume of 5,440,000. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 0.84. The stock has a market capitalization of $253,760.00, a P/E ratio of 38.95, a P/E/G ratio of 2.96 and a beta of 1.21. Chevron Co. has a 12 month low of $102.55 and a 12 month high of $133.85.
Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.04. The firm had revenue of $36.21 billion for the quarter, compared to the consensus estimate of $34.06 billion. Chevron had a return on equity of 4.59% and a net margin of 4.79%. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 EPS. equities analysts expect that Chevron Co. will post 4.35 EPS for the current year.
A number of equities research analysts recently weighed in on CVX shares. TheStreet upgraded Chevron from a “c+” rating to a “b” rating in a research note on Monday, October 23rd. Scotiabank restated a “buy” rating on shares of Chevron in a research note on Friday, September 15th. Goldman Sachs Group reiterated a “buy” rating and set a $123.00 price target (up from $118.00) on shares of Chevron in a research report on Tuesday, September 19th. Cowen reiterated a “buy” rating and set a $122.00 price target on shares of Chevron in a research report on Tuesday, September 19th. Finally, Jefferies Group reiterated a “buy” rating and set a $130.00 price target on shares of Chevron in a research report on Tuesday, October 3rd. Three analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company. Chevron currently has an average rating of “Hold” and an average target price of $126.06.
In related news, CFO Patricia E. Yarrington sold 13,143 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $115.01, for a total value of $1,511,576.43. Following the completion of the sale, the chief financial officer now directly owns 17,981 shares of the company’s stock, valued at approximately $2,067,994.81. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP R. Hewitt Pate sold 25,500 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $120.00, for a total value of $3,060,000.00. Following the completion of the sale, the vice president now directly owns 25,500 shares of the company’s stock, valued at $3,060,000. The disclosure for this sale can be found here. Insiders have sold a total of 314,000 shares of company stock valued at $36,540,822 over the last three months. 0.38% of the stock is currently owned by 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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