Buckley Wealth Management LLC lifted its holdings in Chevron Co. (NYSE:CVX) by 7.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,051 shares of the oil and gas company’s stock after buying an additional 4,295 shares during the quarter. Chevron makes up about 3.3% of Buckley Wealth Management LLC’s holdings, making the stock its 6th biggest holding. Buckley Wealth Management LLC’s holdings in Chevron were worth $7,465,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the company. Canton Hathaway LLC purchased a new stake in Chevron during the 3rd quarter valued at about $141,000. Signature Estate & Investment Advisors LLC purchased a new stake in Chevron during the 3rd quarter valued at about $144,000. O Brien Wealth Partners LLC grew its position in Chevron by 4,389.3% during the 3rd quarter. O Brien Wealth Partners LLC now owns 1,257 shares of the oil and gas company’s stock valued at $154,000 after purchasing an additional 1,229 shares during the last quarter. Atlantic Trust LLC grew its position in Chevron by 54.7% during the 2nd quarter. Atlantic Trust LLC now owns 1,470 shares of the oil and gas company’s stock valued at $186,000 after purchasing an additional 520 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. grew its position in Chevron by 45.4% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 1,479 shares of the oil and gas company’s stock valued at $187,000 after purchasing an additional 462 shares during the last quarter. 64.59% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP James William Johnson sold 4,750 shares of the stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $120.92, for a total value of $574,370.00. Following the transaction, the executive vice president now owns 4,750 shares in the company, valued at approximately $574,370. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is owned by corporate insiders.
Shares of NYSE:CVX opened at $112.54 on Friday. Chevron Co. has a twelve month low of $100.22 and a twelve month high of $133.88. The company has a current ratio of 1.22, a quick ratio of 1.01 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $216.43 billion, a PE ratio of 30.42, a price-to-earnings-growth ratio of 2.11 and a beta of 1.09.
Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, November 2nd. The oil and gas company reported $2.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.06 by $0.05. Chevron had a net margin of 8.79% and a return on equity of 8.19%. The firm had revenue of $43.99 billion for the quarter, compared to analysts’ expectations of $47.17 billion. During the same quarter in the prior year, the business earned $1.03 EPS. The business’s quarterly revenue was up 21.5% on a year-over-year basis. As a group, analysts expect that Chevron Co. will post 7.75 EPS for the current fiscal year.
CVX has been the topic of several recent analyst reports. Credit Suisse Group set a $138.00 price objective on shares of Chevron and gave the company a “buy” rating in a research report on Saturday, December 8th. Wells Fargo & Co dropped their price target on shares of Chevron from $160.00 to $158.00 and set an “outperform” rating on the stock in a report on Monday, November 5th. Zacks Investment Research raised shares of Chevron from a “hold” rating to a “buy” rating and set a $137.00 price target on the stock in a report on Monday, October 1st. Redburn Partners downgraded shares of Chevron from a “buy” rating to a “neutral” rating and dropped their price target for the company from $130.00 to $115.00 in a report on Wednesday, October 3rd. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Chevron in a report on Tuesday, October 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $135.59.
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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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