Chickasaw Capital Management LLC decreased its position in Chevron Co. (NYSE:CVX) by 6.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,106 shares of the oil and gas company’s stock after selling 695 shares during the quarter. Chickasaw Capital Management LLC’s holdings in Chevron were worth $1,278,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of CVX. Geode Capital Management LLC lifted its position in Chevron by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 19,836,151 shares of the oil and gas company’s stock worth $2,478,038,000 after buying an additional 655,892 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Chevron by 4.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 13,026,526 shares of the oil and gas company’s stock worth $1,485,545,000 after buying an additional 549,931 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in Chevron by 3.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 8,728,794 shares of the oil and gas company’s stock worth $995,432,000 after buying an additional 275,289 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Chevron by 0.4% during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,624,550 shares of the oil and gas company’s stock worth $869,505,000 after buying an additional 31,022 shares in the last quarter. Finally, Boston Partners lifted its position in Chevron by 2.4% during the 1st quarter. Boston Partners now owns 7,482,304 shares of the oil and gas company’s stock worth $853,282,000 after buying an additional 175,360 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.
Shares of CVX stock traded down $0.66 on Friday, reaching $117.77. The company had a trading volume of 7,240,325 shares, compared to its average volume of 6,384,054. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.08 and a quick ratio of 0.87. The stock has a market cap of $234.31 billion, a PE ratio of 31.83, a price-to-earnings-growth ratio of 2.14 and a beta of 1.07. Chevron Co. has a 12 month low of $108.02 and a 12 month high of $133.88.
Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, July 27th. The oil and gas company reported $1.78 EPS for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.31). The company had revenue of $42.24 billion during the quarter, compared to the consensus estimate of $46.62 billion. Chevron had a net margin of 7.87% and a return on equity of 6.89%. The business’s revenue was up 22.5% compared to the same quarter last year. During the same period last year, the company earned $0.77 earnings per share. As a group, research analysts anticipate that Chevron Co. will post 8.17 earnings per share for the current year.
Several research analysts recently issued reports on the stock. Barclays upped their price target on shares of Chevron from $145.00 to $148.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 11th. Credit Suisse Group set a $132.00 price target on shares of Chevron and gave the stock a “hold” rating in a research report on Sunday, July 1st. Redburn Partners downgraded shares of Chevron from a “buy” rating to a “neutral” rating and cut their target price for the company from $130.00 to $115.00 in a research report on Wednesday, October 3rd. Macquarie downgraded shares of Chevron from an “outperform” rating to a “neutral” rating and set a $125.00 target price on the stock. in a research report on Tuesday, July 3rd. Finally, Royal Bank of Canada restated a “neutral” rating and set a $145.00 target price on shares of Chevron in a research report on Monday, July 2nd. Nine research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $136.83.
In other news, insider James William Johnson sold 4,750 shares of the company’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $116.00, for a total value of $551,000.00. Following the completion of the sale, the insider now directly owns 4,750 shares of the company’s stock, valued at approximately $551,000. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company’s stock.
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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