Joel Isaacson & Co. LLC increased its holdings in Chevron Co. (NYSE:CVX) by 85.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,405 shares of the oil and gas company’s stock after buying an additional 9,391 shares during the period. Joel Isaacson & Co. LLC’s holdings in Chevron were worth $2,296,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in CVX. TCI Wealth Advisors Inc. lifted its stake in Chevron by 0.4% in the 4th quarter. TCI Wealth Advisors Inc. now owns 40,129 shares of the oil and gas company’s stock worth $4,366,000 after purchasing an additional 152 shares in the last quarter. Appleton Partners Inc. MA raised its position in shares of Chevron by 2.5% during the 4th quarter. Appleton Partners Inc. MA now owns 7,664 shares of the oil and gas company’s stock valued at $834,000 after buying an additional 187 shares in the last quarter. Capital Investment Advisors LLC raised its position in shares of Chevron by 1.8% during the 4th quarter. Capital Investment Advisors LLC now owns 55,727 shares of the oil and gas company’s stock valued at $6,063,000 after buying an additional 1,010 shares in the last quarter. Central Bank & Trust Co. raised its position in shares of Chevron by 2.9% during the 4th quarter. Central Bank & Trust Co. now owns 7,388 shares of the oil and gas company’s stock valued at $804,000 after buying an additional 211 shares in the last quarter. Finally, Advisors Capital Management LLC raised its position in shares of Chevron by 66.0% during the 4th quarter. Advisors Capital Management LLC now owns 13,394 shares of the oil and gas company’s stock valued at $1,457,000 after buying an additional 5,323 shares in the last quarter. 66.07% of the stock is owned by institutional investors.
Several analysts have recently weighed in on CVX shares. Mizuho restated a “buy” rating and set a $140.00 price objective on shares of Chevron in a research report on Wednesday, March 6th. Tudor Pickering initiated coverage on shares of Chevron in a research report on Friday, March 1st. They set a “buy” rating and a $133.00 price objective on the stock. Credit Suisse Group reissued a “buy” rating and issued a $130.00 price target on shares of Chevron in a report on Wednesday, January 23rd. UBS Group raised shares of Chevron from a “neutral” rating to a “buy” rating and set a $112.95 price target on the stock in a report on Friday, January 18th. Finally, Raymond James set a $135.00 price target on shares of Chevron and gave the stock a “buy” rating in a report on Thursday, December 20th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $136.30.
Chevron stock traded up $0.12 during trading hours on Wednesday, hitting $121.29. The stock had a trading volume of 145,286 shares, compared to its average volume of 6,965,123. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.04 and a current ratio of 1.25. The stock has a market capitalization of $230.23 billion, a PE ratio of 14.72, a price-to-earnings-growth ratio of 4.07 and a beta of 1.03. Chevron Co. has a 12-month low of $100.22 and a 12-month high of $131.08.
Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, February 1st. The oil and gas company reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.08. The firm had revenue of $42.35 billion during the quarter, compared to analysts’ expectations of $41.46 billion. Chevron had a net margin of 8.91% and a return on equity of 9.78%. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.64 earnings per share. As a group, equities research analysts forecast that Chevron Co. will post 6.77 EPS for the current fiscal year.
In related news, insider Jeanette L. Ourada sold 7,200 shares of the company’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $116.50, for a total transaction of $838,800.00. Following the sale, the insider now owns 7,200 shares of the company’s stock, valued at $838,800. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider James William Johnson sold 4,750 shares of the company’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $125.60, for a total transaction of $596,600.00. Following the sale, the insider now directly owns 4,750 shares in the company, valued at approximately $596,600. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,700 shares of company stock valued at $2,028,390. Company insiders own 0.46% of the company’s stock.
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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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