Community Bank of Raymore decreased its stake in Chevron Co. (NYSE:CVX) by 37.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,917 shares of the oil and gas company’s stock after selling 1,145 shares during the period. Community Bank of Raymore’s holdings in Chevron were worth $231,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. Puzo Michael J lifted its position in Chevron by 5.6% in the fourth quarter. Puzo Michael J now owns 39,436 shares of the oil and gas company’s stock worth $4,752,000 after purchasing an additional 2,085 shares during the period. Somerville Kurt F lifted its holdings in shares of Chevron by 20.6% during the fourth quarter. Somerville Kurt F now owns 57,790 shares of the oil and gas company’s stock valued at $6,965,000 after acquiring an additional 9,867 shares during the period. Kidder Stephen W lifted its holdings in shares of Chevron by 23.7% during the fourth quarter. Kidder Stephen W now owns 37,130 shares of the oil and gas company’s stock valued at $4,474,000 after acquiring an additional 7,110 shares during the period. Dempze Nancy E lifted its holdings in shares of Chevron by 8.4% during the fourth quarter. Dempze Nancy E now owns 3,560 shares of the oil and gas company’s stock valued at $429,000 after acquiring an additional 275 shares during the period. Finally, Gardiner Nancy B lifted its holdings in shares of Chevron by 21.0% during the fourth quarter. Gardiner Nancy B now owns 4,410 shares of the oil and gas company’s stock valued at $531,000 after acquiring an additional 765 shares during the period. 65.47% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Rhonda J. Morris sold 7,800 shares of Chevron stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $119.68, for a total transaction of $933,504.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider David A. Inchausti sold 15,000 shares of Chevron stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $119.89, for a total value of $1,798,350.00. Following the transaction, the insider now owns 15,000 shares in the company, valued at approximately $1,798,350. The disclosure for this sale can be found here. Insiders have sold a total of 90,300 shares of company stock worth $10,904,079 in the last quarter. 0.31% of the stock is currently owned by company insiders.
Chevron stock opened at $116.13 on Thursday. Chevron Co. has a 1 year low of $110.17 and a 1 year high of $127.34. The company has a current ratio of 1.12, a quick ratio of 0.93 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $219.91 billion, a P/E ratio of 14.08, a PEG ratio of 4.83 and a beta of 1.02. The business has a 50-day moving average of $118.53 and a 200-day moving average of $119.56.
Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.47 by ($0.11). Chevron had a net margin of 8.70% and a return on equity of 8.89%. The business had revenue of $36.12 billion for the quarter, compared to the consensus estimate of $37.69 billion. During the same quarter last year, the firm earned $2.11 EPS. The company’s revenue for the quarter was down 17.9% on a year-over-year basis. Research analysts anticipate that Chevron Co. will post 6.28 EPS for the current fiscal year.
A number of research analysts recently issued reports on the company. Berenberg Bank reaffirmed a “hold” rating and issued a $128.00 price target on shares of Chevron in a report on Thursday, December 12th. Piper Jaffray Companies assumed coverage on Chevron in a report on Tuesday, November 26th. They issued a “buy” rating and a $143.00 price target for the company. Cowen cut their price target on Chevron from $140.00 to $134.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Bank of America cut Chevron from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 7th. Finally, ValuEngine raised Chevron from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. Chevron currently has a consensus rating of “Buy” and a consensus price target of $137.26.
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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