State of Wisconsin Investment Board grew its stake in Chevron Co. (NYSE:CVX) by 9.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,392,259 shares of the oil and gas company’s stock after acquiring an additional 205,428 shares during the quarter. Chevron comprises about 0.8% of State of Wisconsin Investment Board’s portfolio, making the stock its 16th biggest position. State of Wisconsin Investment Board owned approximately 0.13% of Chevron worth $281,090,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. Pathstone Family Office LLC increased its holdings in shares of 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 during the period. Shine Investment Advisory Services Inc. purchased a new position in shares of Chevron in the 2nd quarter valued at $106,000. Winfield Associates Inc. increased 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 valued at $136,000 after acquiring an additional 63 shares during the period. Accurate Investment Solutions Inc. increased its holdings in shares of Chevron by 59.1% in the 3rd quarter. Accurate Investment Solutions Inc. now owns 1,352 shares of the oil and gas company’s stock valued at $159,000 after acquiring an additional 502 shares during the period. Finally, Daiwa SB Investments Ltd. increased 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 valued at $146,000 after acquiring an additional 1,140 shares during the period. Institutional investors and hedge funds own 63.80% of the company’s stock.
In other Chevron news, VP R. Hewitt Pate sold 25,500 shares of Chevron stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $120.00, for a total transaction of $3,060,000.00. Following the completion of the sale, the vice president now owns 25,500 shares of the company’s stock, valued at approximately $3,060,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Michael K. Wirth sold 1,229 shares of Chevron stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $118.00, for a total value of $145,022.00. Following the sale, the insider now directly owns 1,229 shares of the company’s stock, valued at approximately $145,022. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 314,000 shares of company stock valued at $36,540,822. 0.38% of the stock is currently owned by insiders.
Shares of Chevron Co. (NYSE CVX) opened at $133.60 on Friday. Chevron Co. has a 52-week low of $102.55 and a 52-week high of $133.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.04. The company has a market capitalization of $253,760.00, a PE ratio of 38.95, a price-to-earnings-growth ratio of 2.98 and a beta of 1.21.
Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, October 27th. The oil and gas company reported $1.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.04. Chevron had a return on equity of 4.59% and a net margin of 4.79%. The company had revenue of $36.21 billion during the quarter, compared to analysts’ expectations of $34.06 billion. During the same quarter in the previous year, the firm posted $0.68 EPS. The firm’s revenue was up 20.1% compared to the same quarter last year. equities analysts forecast that Chevron Co. will post 4.35 earnings per share for the current year.
CVX has been the topic of a number of analyst reports. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Chevron in a report on Saturday, September 16th. Cowen reissued a “buy” rating and issued a $122.00 price objective on shares of Chevron in a research report on Tuesday, September 19th. Goldman Sachs Group reissued a “buy” rating and issued a $123.00 price objective (up previously from $118.00) on shares of Chevron in a research report on Tuesday, September 19th. Wells Fargo & Co reissued a “market perform” rating and issued a $108.00 price objective (up previously from $100.00) on shares of Chevron in a research report on Tuesday, October 3rd. Finally, Bank of America reissued a “buy” rating and issued a $125.00 price objective (up previously from $120.00) on shares of Chevron in a research report on Tuesday, October 3rd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $126.06.
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Chevron Company Profile
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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