G&S Capital LLC lowered its stake in shares of Chevron Co. (NYSE:CVX) by 5.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 27,967 shares of the oil and gas company’s stock after selling 1,579 shares during the quarter. Chevron accounts for approximately 2.7% of G&S Capital LLC’s portfolio, making the stock its 9th biggest position. G&S Capital LLC’s holdings in Chevron were worth $3,536,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Reilly Herbert Faulkner III raised its holdings in shares of Chevron by 4.5% in the 1st quarter. Reilly Herbert Faulkner III now owns 30,697 shares of the oil and gas company’s stock worth $3,501,000 after acquiring an additional 1,334 shares during the last quarter. Fiera Capital Corp raised its holdings in shares of Chevron by 1.6% in the 1st quarter. Fiera Capital Corp now owns 298,283 shares of the oil and gas company’s stock worth $34,016,000 after acquiring an additional 4,800 shares during the last quarter. AMG National Trust Bank raised its holdings in shares of Chevron by 19.6% in the 2nd quarter. AMG National Trust Bank now owns 6,354 shares of the oil and gas company’s stock worth $803,000 after acquiring an additional 1,041 shares during the last quarter. Mycio Wealth Partners LLC raised its holdings in shares of Chevron by 16.8% in the 2nd quarter. Mycio Wealth Partners LLC now owns 9,795 shares of the oil and gas company’s stock worth $1,238,000 after acquiring an additional 1,412 shares during the last quarter. Finally, North Star Investment Management Corp. raised its holdings in shares of Chevron by 12.6% in the 2nd quarter. North Star Investment Management Corp. now owns 21,054 shares of the oil and gas company’s stock worth $2,662,000 after acquiring an additional 2,358 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.
In other news, insider James William Johnson sold 4,750 shares of the stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $116.00, for a total transaction of $551,000.00. Following the completion of the transaction, the insider now directly owns 4,750 shares of the company’s stock, valued at approximately $551,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.46% of the stock is owned by corporate insiders.
A number of equities research analysts recently weighed in on CVX shares. ValuEngine lowered shares of Chevron from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Zacks Investment Research upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $137.00 target price on the stock in a report on Monday, October 1st. Redburn Partners lowered shares of Chevron from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $130.00 to $115.00 in a research note on Wednesday, October 3rd. Macquarie lowered shares of Chevron from an “outperform” rating to a “neutral” rating and set a $125.00 price objective for the company. in a research note on Tuesday, July 3rd. Finally, Royal Bank of Canada set a $150.00 price objective on shares of Chevron and gave the company a “hold” rating in a research note on Thursday, September 20th. Nine equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $136.83.
Chevron stock opened at $117.77 on Friday. Chevron Co. has a twelve month low of $108.02 and a twelve month high of $133.88. The company has a market cap of $234.31 billion, a PE ratio of 31.83, a P/E/G ratio of 2.14 and a beta of 1.07. The company has a quick ratio of 0.87, a current ratio of 1.08 and a debt-to-equity ratio of 0.20.
Chevron (NYSE:CVX) last released its earnings results on Friday, July 27th. The oil and gas company reported $1.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.09 by ($0.31). Chevron had a net margin of 7.87% and a return on equity of 6.89%. The company had revenue of $42.24 billion for the quarter, compared to the consensus estimate of $46.62 billion. During the same period in the prior year, the company earned $0.77 earnings per share. The firm’s revenue was up 22.5% on a year-over-year basis. On average, equities analysts expect that Chevron Co. will post 8.17 EPS for the current fiscal year.
Chevron Company Profile
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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