Measured Wealth Private Client Group LLC decreased its holdings in Chevron Co. (NYSE:CVX) by 47.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,103 shares of the oil and gas company’s stock after selling 1,905 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Chevron were worth $249,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in CVX. CapWealth Advisors LLC increased its position in Chevron by 12.7% during the 4th quarter. CapWealth Advisors LLC now owns 67,586 shares of the oil and gas company’s stock valued at $7,353,000 after purchasing an additional 7,599 shares during the period. Segall Bryant & Hamill LLC increased its position in Chevron by 6.9% during the 4th quarter. Segall Bryant & Hamill LLC now owns 100,745 shares of the oil and gas company’s stock valued at $10,960,000 after purchasing an additional 6,484 shares during the period. IHT Wealth Management LLC increased its position in Chevron by 20.4% during the 4th quarter. IHT Wealth Management LLC now owns 15,380 shares of the oil and gas company’s stock valued at $1,673,000 after purchasing an additional 2,604 shares during the period. RFG Advisory LLC increased its position in Chevron by 40.4% during the 4th quarter. RFG Advisory LLC now owns 12,259 shares of the oil and gas company’s stock valued at $1,334,000 after purchasing an additional 3,525 shares during the period. Finally, Trellis Advisors LLC increased its position in Chevron by 3.9% during the 4th quarter. Trellis Advisors LLC now owns 4,146 shares of the oil and gas company’s stock valued at $451,000 after purchasing an additional 157 shares during the period. 65.61% of the stock is owned by institutional investors.
A number of research analysts have commented on CVX shares. ValuEngine raised shares of Chevron from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Independent Research set a $127.00 target price on shares of Chevron and gave the company a “neutral” rating in a research report on Thursday, August 29th. BMO Capital Markets started coverage on shares of Chevron in a research report on Tuesday, August 20th. They set an “outperform” rating and a $165.00 target price on the stock. Morgan Stanley cut their target price on shares of Chevron from $146.00 to $144.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Finally, Cowen set a $140.00 target price on shares of Chevron and gave the company a “buy” rating in a research report on Friday, August 30th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $137.47.
Shares of Chevron stock opened at $116.15 on Friday. The firm’s 50 day moving average price is $118.45 and its 200-day moving average price is $120.74. The company has a quick ratio of 0.91, a current ratio of 1.15 and a debt-to-equity ratio of 0.16. Chevron Co. has a 52-week low of $100.22 and a 52-week high of $127.34. The company has a market cap of $214.79 billion, a P/E ratio of 14.45, a PEG ratio of 4.19 and a beta of 0.99.
Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.53. Chevron had a net margin of 9.18% and a return on equity of 9.58%. The firm had revenue of $38.85 billion for the quarter, compared to the consensus estimate of $40.14 billion. During the same quarter in the previous year, the firm earned $1.78 EPS. The company’s quarterly revenue was down 8.0% compared to the same quarter last year. As a group, equities research analysts forecast that Chevron Co. will post 6.75 EPS for the current fiscal year.
In other news, CFO Pierre R. Breber sold 15,000 shares of Chevron stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $124.97, for a total value of $1,874,550.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael K. Wirth sold 33,750 shares of Chevron stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $125.00, for a total transaction of $4,218,750.00. Following the completion of the transaction, the chief executive officer now directly owns 33,750 shares in the company, valued at approximately $4,218,750. The disclosure for this sale can be found here. In the last ninety days, insiders sold 86,750 shares of company stock worth $10,648,200. Insiders own 0.31% of the company’s stock.
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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