Guild Investment Management Inc. purchased a new stake in Chevron Co. (NYSE:CVX) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,725 shares of the oil and gas company’s stock, valued at approximately $211,000.
A number of other hedge funds have also recently made changes to their positions in CVX. Canton Hathaway LLC bought a new position in shares of Chevron in the third quarter valued at about $141,000. Signature Estate & Investment Advisors LLC bought a new position in shares of Chevron in the third quarter valued at about $144,000. O Brien Wealth Partners LLC raised its position in shares of Chevron by 4,389.3% in the third quarter. O Brien Wealth Partners LLC now owns 1,257 shares of the oil and gas company’s stock valued at $154,000 after purchasing an additional 1,229 shares during the period. Atlantic Trust LLC raised its position in shares of Chevron by 54.7% in the second quarter. Atlantic Trust LLC now owns 1,470 shares of the oil and gas company’s stock valued at $186,000 after purchasing an additional 520 shares during the period. Finally, Shine Investment Advisory Services Inc. raised its position in shares of Chevron by 45.4% in the second quarter. Shine Investment Advisory Services Inc. now owns 1,479 shares of the oil and gas company’s stock valued at $187,000 after purchasing an additional 462 shares during the period. Hedge funds and other institutional investors own 64.59% of the company’s stock.
In other news, EVP James William Johnson sold 4,750 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $120.92, for a total value of $574,370.00. Following the sale, the executive vice president now directly owns 4,750 shares in the company, valued at approximately $574,370. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.46% of the company’s stock.
CVX stock opened at $112.54 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.01 and a current ratio of 1.22. Chevron Co. has a 12 month low of $100.22 and a 12 month high of $133.88. The stock has a market capitalization of $216.43 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 2.11 and a beta of 1.09.
Chevron (NYSE:CVX) last released its earnings results on Friday, November 2nd. The oil and gas company reported $2.11 EPS for the quarter, beating the consensus estimate of $2.06 by $0.05. Chevron had a net margin of 8.79% and a return on equity of 8.19%. The firm had revenue of $43.99 billion for the quarter, compared to analyst estimates of $47.17 billion. During the same period last year, the firm earned $1.03 EPS. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. Equities research analysts forecast that Chevron Co. will post 7.75 earnings per share for the current fiscal year.
A number of equities analysts recently commented on CVX shares. Goldman Sachs Group raised shares of Chevron from a “buy” rating to a “conviction-buy” rating in a research report on Tuesday, October 2nd. Royal Bank of Canada set a $150.00 price target on shares of Chevron and gave the stock a “hold” rating in a research report on Thursday, September 20th. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Chevron in a research report on Tuesday, October 23rd. Zacks Investment Research raised shares of Chevron from a “hold” rating to a “buy” rating and set a $137.00 price target on the stock in a research report on Monday, October 1st. Finally, Wells Fargo & Co lowered their price target on shares of Chevron from $160.00 to $158.00 and set an “outperform” rating on the stock in a research report on Monday, November 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $135.59.
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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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