Graves Light Private Wealth Management Inc. boosted its stake in Chevron Co. (NYSE:CVX) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,935 shares of the oil and gas company’s stock after buying an additional 557 shares during the period. Chevron accounts for approximately 1.3% of Graves Light Private Wealth Management Inc.’s portfolio, making the stock its 23rd largest position. Graves Light Private Wealth Management Inc.’s holdings in Chevron were worth $6,379,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of CVX. Price Wealth LLC increased its stake in shares of Chevron by 105.8% in the 4th quarter. Price Wealth LLC now owns 284 shares of the oil and gas company’s stock worth $34,000 after acquiring an additional 146 shares in the last quarter. Transamerica Financial Advisors Inc. purchased a new position in Chevron during the 2nd quarter valued at about $46,000. Quantum Capital Management bought a new stake in Chevron during the third quarter worth about $51,000. Lenox Wealth Advisors LLC boosted its stake in Chevron by 54.6% during the fourth quarter. Lenox Wealth Advisors LLC now owns 433 shares of the oil and gas company’s stock worth $52,000 after acquiring an additional 153 shares in the last quarter. Finally, Vista Private Wealth Partners. LLC bought a new stake in Chevron during the third quarter worth about $56,000. Institutional investors and hedge funds own 65.57% of the company’s stock.
In related news, insider David A. Inchausti sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $119.89, for a total value of $1,798,350.00. Following the transaction, the insider now directly owns 15,000 shares of the company’s stock, valued at approximately $1,798,350. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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. Insiders have sold 90,300 shares of company stock valued at $10,904,079 in the last three months. 0.31% of the stock is owned by insiders.
Shares of Chevron stock opened at $113.31 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.93 and a current ratio of 1.12. The stock has a market capitalization of $218.55 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 4.76 and a beta of 1.02. Chevron Co. has a 52-week low of $110.42 and a 52-week high of $127.34. The company has a 50-day simple moving average of $118.33 and a two-hundred day simple moving average of $119.31.
Chevron (NYSE:CVX) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.11). Chevron had a return on equity of 8.89% and a net margin of 8.70%. 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 company posted $2.11 EPS. The company’s quarterly revenue was down 17.9% on a year-over-year basis. As a group, equities research analysts forecast that Chevron Co. will post 6.36 EPS for the current fiscal year.
CVX has been the subject of a number of analyst reports. Cowen decreased their target price on shares of Chevron from $140.00 to $134.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. ValuEngine upgraded shares of Chevron from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Bank of America cut Chevron from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 7th. Piper Jaffray Companies assumed coverage on Chevron in a research note on Tuesday, November 26th. They issued a “buy” rating and a $143.00 price target on the stock. Finally, Citigroup downgraded Chevron from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. Chevron presently has a consensus rating of “Hold” and an average price target of $139.00.
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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