Somerville Kurt F increased its holdings in shares of Chevron Co. (NYSE:CVX) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,042 shares of the oil and gas company’s stock after buying an additional 1,550 shares during the quarter. Somerville Kurt F’s holdings in Chevron were worth $3,888,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of the company. Charter Research & Investment Group Inc. purchased a new position in Chevron in the fourth quarter valued at about $871,000. Sandy Spring Bank grew its stake in Chevron by 1.0% in the fourth quarter. Sandy Spring Bank now owns 71,929 shares of the oil and gas company’s stock valued at $9,005,000 after purchasing an additional 677 shares in the last quarter. Public Employees Retirement Association of Colorado grew its stake in Chevron by 8.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,697,430 shares of the oil and gas company’s stock valued at $212,501,000 after purchasing an additional 130,271 shares in the last quarter. Opus Capital Group LLC grew its stake in Chevron by 69.4% in the fourth quarter. Opus Capital Group LLC now owns 3,002 shares of the oil and gas company’s stock valued at $376,000 after purchasing an additional 1,230 shares in the last quarter. Finally, Kidder Stephen W grew its stake in Chevron by 6.5% in the fourth quarter. Kidder Stephen W now owns 13,175 shares of the oil and gas company’s stock valued at $1,650,000 after purchasing an additional 800 shares in the last quarter. Institutional investors and hedge funds own 64.97% of the company’s stock.
In related news, VP R. Hewitt Pate sold 25,500 shares of the business’s stock in a transaction dated Tuesday, April 17th. The stock was sold at an average price of $121.97, for a total transaction of $3,110,235.00. Following the completion of the transaction, the vice president now owns 25,500 shares of the company’s stock, valued at approximately $3,110,235. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is currently owned by insiders.
NYSE CVX opened at $123.71 on Friday. Chevron Co. has a twelve month low of $102.55 and a twelve month high of $133.88. The company has a quick ratio of 0.83, a current ratio of 1.03 and a debt-to-equity ratio of 0.22. The stock has a market cap of $232,019.33, a P/E ratio of 33.44, a price-to-earnings-growth ratio of 2.36 and a beta of 1.16.
Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.54). Chevron had a return on equity of 5.22% and a net margin of 6.49%. The business had revenue of $37.62 billion for the quarter, compared to analyst estimates of $38.43 billion. During the same period in the prior year, the firm posted $0.22 EPS. Chevron’s revenue for the quarter was up 19.4% on a year-over-year basis. analysts expect that Chevron Co. will post 6.45 EPS for the current year.
A number of brokerages have commented on CVX. ValuEngine upgraded Chevron from a “hold” rating to a “buy” rating in a research note on Wednesday. Vetr upgraded Chevron from a “hold” rating to a “buy” rating and set a $117.38 target price on the stock in a research note on Tuesday, April 3rd. Royal Bank of Canada restated a “hold” rating and issued a $130.00 target price on shares of Chevron in a research note on Friday, April 13th. Wells Fargo boosted their target price on Chevron from $138.00 to $153.00 and gave the company an “outperform” rating in a research note on Thursday, April 12th. They noted that the move was a valuation call. Finally, Bank of America downgraded Chevron from a “buy” rating to a “neutral” rating and set a $125.00 target price on the stock. in a research note on Thursday, January 4th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $131.64.
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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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