Rossmore Private Capital boosted its stake in Chevron Co. (NYSE:CVX) by 8.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 209,072 shares of the oil and gas company’s stock after buying an additional 15,775 shares during the period. Chevron makes up approximately 9.6% of Rossmore Private Capital’s portfolio, making the stock its 2nd biggest position. Rossmore Private Capital’s holdings in Chevron were worth $22,745,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. CKW Financial Group increased its stake in shares of Chevron by 123.5% during the fourth quarter. CKW Financial Group now owns 362 shares of the oil and gas company’s stock worth $39,000 after buying an additional 200 shares during the period. Highwater Wealth Management LLC purchased a new stake in shares of Chevron during the fourth quarter worth approximately $51,000. Ironwood Financial llc increased its stake in shares of Chevron by 94.2% during the fourth quarter. Ironwood Financial llc now owns 538 shares of the oil and gas company’s stock worth $59,000 after buying an additional 261 shares during the period. Arlington Partners LLC increased its stake in shares of Chevron by 237.2% during the fourth quarter. Arlington Partners LLC now owns 853 shares of the oil and gas company’s stock worth $93,000 after buying an additional 600 shares during the period. Finally, Canton Hathaway LLC purchased a new stake in shares of Chevron during the third quarter worth approximately $141,000. Hedge funds and other institutional investors own 66.07% of the company’s stock.
In other news, insider James William Johnson sold 4,750 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $124.84, for a total transaction of $592,990.00. Following the completion of the sale, the insider now owns 4,750 shares in the company, valued at $592,990. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeanette L. Ourada sold 7,200 shares of the company’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $116.50, for a total value of $838,800.00. Following the sale, the insider now owns 7,200 shares of the company’s stock, valued at approximately $838,800. The disclosure for this sale can be found here. Insiders sold 16,700 shares of company stock valued at $1,964,740 over the last three months. Corporate insiders own 0.46% of the company’s stock.
CVX stock opened at $119.76 on Monday. The company has a market capitalization of $227.55 billion, a PE ratio of 14.52, a PEG ratio of 3.79 and a beta of 1.03. Chevron Co. has a twelve month low of $100.22 and a twelve month high of $131.08. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.25 and a quick ratio of 1.04.
Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, February 1st. The oil and gas company reported $1.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.08. The business had revenue of $42.35 billion during the quarter, compared to the consensus estimate of $41.46 billion. Chevron had a return on equity of 9.78% and a net margin of 8.91%. The company’s revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.64 earnings per share. On average, sell-side analysts predict that Chevron Co. will post 6.68 EPS for the current year.
A number of analysts recently weighed in on CVX shares. Tudor Pickering started coverage on shares of Chevron in a research note on Friday, March 1st. They set a “buy” rating and a $133.00 target price on the stock. Credit Suisse Group restated a “buy” rating and set a $130.00 target price on shares of Chevron in a research note on Wednesday, January 23rd. Cowen restated an “outperform” rating and set a $140.00 target price (down from $160.00) on shares of Chevron in a research note on Thursday, February 28th. Bank of America upgraded shares of Chevron from a “neutral” rating to a “buy” rating and set a $140.00 target price on the stock in a research note on Friday. Finally, Morgan Stanley started coverage on shares of Chevron in a research note on Friday. They set an “overweight” rating and a $150.00 target price on the stock. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $135.89.
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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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