Rikoon Group LLC lessened its holdings in shares of Chevron Co. (NYSE:CVX) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,572 shares of the oil and gas company’s stock after selling 464 shares during the quarter. Chevron accounts for approximately 0.9% of Rikoon Group LLC’s holdings, making the stock its 28th largest holding. Rikoon Group LLC’s holdings in Chevron were worth $2,720,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in CVX. Price Wealth LLC raised its stake in Chevron by 105.8% in the fourth quarter. Price Wealth LLC now owns 284 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 146 shares during the period. Transamerica Financial Advisors Inc. bought a new position in shares of Chevron during the 2nd quarter worth approximately $46,000. Quantum Capital Management acquired a new position in shares of Chevron during the 3rd quarter worth approximately $51,000. Lenox Wealth Advisors LLC raised its holdings in Chevron by 54.6% in the 4th quarter. Lenox Wealth Advisors LLC now owns 433 shares of the oil and gas company’s stock valued at $52,000 after acquiring an additional 153 shares during the period. Finally, Vista Private Wealth Partners. LLC acquired a new position in shares of Chevron in the third quarter valued at approximately $56,000. Institutional investors and hedge funds own 65.57% of the company’s stock.
Several analysts recently weighed in on CVX shares. Bank of America cut Chevron from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 7th. ValuEngine raised Chevron from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Berenberg Bank restated a “hold” rating and set a $128.00 price objective on shares of Chevron in a research note on Thursday, December 12th. Piper Jaffray Companies started coverage on Chevron in a report on Tuesday, November 26th. They issued a “buy” rating and a $143.00 price objective for the company. Finally, Citigroup downgraded Chevron from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $139.00.
In related news, insider David A. Inchausti sold 15,000 shares of the business’s stock in a transaction on 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 sale, the insider now owns 15,000 shares of the company’s stock, valued at $1,798,350. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Rhonda J. Morris sold 7,800 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $119.68, for a total value of $933,504.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 90,300 shares of company stock worth $10,904,079. Company insiders own 0.31% of the company’s stock.
CVX stock opened at $113.31 on Wednesday. The stock has a market cap of $218.55 billion, a price-to-earnings ratio of 16.26, a P/E/G ratio of 4.76 and a beta of 1.02. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 0.93. The company has a 50 day simple moving average of $118.33 and a 200 day simple moving average of $119.31. Chevron Co. has a 1 year low of $110.42 and a 1 year high of $127.34.
Chevron (NYSE:CVX) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.36 EPS for the quarter, missing the 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 firm had revenue of $36.12 billion during the quarter, compared to the consensus estimate of $37.69 billion. During the same quarter in the prior year, the business posted $2.11 earnings per share. Chevron’s revenue for the quarter was down 17.9% compared to the same quarter last year. On average, equities research analysts anticipate that Chevron Co. will post 6.36 EPS for the current fiscal year.
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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