Polaris Greystone Financial Group LLC boosted its holdings in shares of Chevron Co. (NYSE:CVX) by 5.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,667 shares of the oil and gas company’s stock after buying an additional 522 shares during the period. Polaris Greystone Financial Group LLC’s holdings in Chevron were worth $1,136,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Pathstone Family Office LLC boosted its stake in shares of Chevron by 2.5% in the 2nd quarter. Pathstone Family Office LLC now owns 813 shares of the oil and gas company’s stock valued at $2,170,000 after purchasing an additional 20 shares in the last quarter. Shine Investment Advisory Services Inc. acquired a new stake in shares of Chevron in the 2nd quarter valued at $106,000. Winfield Associates Inc. boosted its stake in shares of Chevron by 5.1% in the 2nd quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock valued at $136,000 after purchasing an additional 63 shares in the last quarter. Accurate Investment Solutions Inc. boosted its stake in shares of Chevron by 59.1% in the 3rd quarter. Accurate Investment Solutions Inc. now owns 1,352 shares of the oil and gas company’s stock valued at $159,000 after purchasing an additional 502 shares in the last quarter. Finally, Daiwa SB Investments Ltd. boosted its stake in shares of Chevron by 438.5% in the 2nd quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock valued at $146,000 after purchasing an additional 1,140 shares in the last quarter. Hedge funds and other institutional investors own 63.80% of the company’s stock.
Several equities research analysts have recently commented on CVX shares. Morgan Stanley boosted their target price on shares of Chevron from $120.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, October 18th. Royal Bank of Canada set a $110.00 target price on shares of Chevron and gave the company a “sell” rating in a research note on Wednesday, December 20th. Barclays boosted their target price on shares of Chevron from $120.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, October 10th. Scotiabank restated a “buy” rating on shares of Chevron in a research note on Friday, September 15th. Finally, Jefferies Group restated a “buy” rating and issued a $130.00 target price on shares of Chevron in a research note on Tuesday, October 3rd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company. Chevron has a consensus rating of “Hold” and a consensus price target of $126.06.
In other Chevron news, Vice Chairman Michael K. Wirth sold 1,229 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $118.00, for a total transaction of $145,022.00. Following the completion of the sale, the insider now directly owns 1,229 shares of the company’s stock, valued at approximately $145,022. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Patricia E. Yarrington sold 13,143 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $115.01, for a total value of $1,511,576.43. Following the sale, the chief financial officer now directly owns 17,981 shares of the company’s stock, valued at $2,067,994.81. The disclosure for this sale can be found here. Insiders have sold a total of 314,000 shares of company stock valued at $36,540,822 over the last three months. Company insiders own 0.38% of the company’s stock.
Chevron Co. (CVX) opened at $133.60 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. Chevron Co. has a twelve month low of $102.55 and a twelve month high of $133.85. The stock has a market capitalization of $253,760.00, a PE ratio of 38.95, a P/E/G ratio of 2.97 and a beta of 1.21.
Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, October 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.04. The business had revenue of $36.21 billion during the quarter, compared to analysts’ expectations of $34.06 billion. Chevron had a return on equity of 4.59% and a net margin of 4.79%. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.68 earnings per share. research analysts predict that Chevron Co. will post 4.35 EPS for the current fiscal year.
Chevron Company Profile
Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream.
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