1st Global Advisors Inc. boosted its stake in Chevron Corp. (NYSE:CVX) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,705 shares of the company’s stock after buying an additional 551 shares during the period. Chevron Corp. makes up about 0.5% of 1st Global Advisors Inc.’s holdings, making the stock its 21st largest position. 1st Global Advisors Inc.’s holdings in Chevron Corp. were worth $3,428,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the company. QUANTRES ASSET MANAGEMENT Ltd raised its stake in Chevron Corp. by 370.3% in the first quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 17,400 shares of the company’s stock valued at $1,660,000 after buying an additional 13,700 shares during the last quarter. Howard Capital Management raised its position in shares of Chevron Corp. by 3.2% in the first quarter. Howard Capital Management now owns 134,670 shares of the company’s stock worth $12,847,000 after buying an additional 4,235 shares in the last quarter. Oliver Luxxe Assets LLC raised its position in shares of Chevron Corp. by 1.0% in the first quarter. Oliver Luxxe Assets LLC now owns 29,840 shares of the company’s stock worth $2,847,000 after buying an additional 281 shares in the last quarter. Peddock Capital Advisors LLC raised its position in shares of Chevron Corp. by 1.4% in the first quarter. Peddock Capital Advisors LLC now owns 47,454 shares of the company’s stock worth $4,527,000 after buying an additional 671 shares in the last quarter. Finally, FirstMerit Bank N A Trustee raised its position in shares of Chevron Corp. by 1.6% in the first quarter. FirstMerit Bank N A Trustee now owns 182,689 shares of the company’s stock worth $17,428,000 after buying an additional 2,793 shares in the last quarter. 62.24% of the stock is currently owned by institutional investors and hedge funds.
Shares of Chevron Corp. (NYSE:CVX) traded up 0.29% during midday trading on Friday, reaching $101.08. 5,114,718 shares of the company traded hands. Chevron Corp. has a 12 month low of $75.33 and a 12 month high of $107.58. The company has a 50 day moving average of $101.00 and a 200 day moving average of $101.27. The firm’s market capitalization is $190.69 billion.
Chevron Corp. (NYSE:CVX) last released its quarterly earnings data on Friday, July 29th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $1.10. Chevron Corp. had a positive return on equity of 1.07% and a negative net margin of 0.64%. The business earned $29.28 billion during the quarter, compared to analyst estimates of $25.78 billion. During the same period in the previous year, the company earned $0.30 EPS. Chevron Corp.’s revenue was down 27.4% on a year-over-year basis. On average, equities research analysts predict that Chevron Corp. will post $1.31 earnings per share for the current fiscal year.
A number of brokerages recently weighed in on CVX. Vetr lowered shares of Chevron Corp. from a “buy” rating to a “hold” rating and set a $106.39 price target on the stock. in a research note on Monday, June 27th. Credit Suisse Group AG reaffirmed a “neutral” rating and issued a $105.00 price target on shares of Chevron Corp. in a research note on Saturday, August 13th. Jefferies Group reaffirmed a “buy” rating on shares of Chevron Corp. in a research note on Friday, August 5th. Simmons raised shares of Chevron Corp. from a “neutral” rating to an “overweight” rating and raised their price target for the company from $110.00 to $117.00 in a research note on Tuesday, August 9th. Finally, Zacks Investment Research raised shares of Chevron Corp. from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a research note on Tuesday, July 12th. Thirteen equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $105.09.
In other Chevron Corp. news, Director Inge G. Thulin acquired 487 shares of the company’s stock in a transaction dated Monday, August 15th. The stock was bought at an average price of $102.87 per share, with a total value of $50,097.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael K. Wirth sold 125,000 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $100.47, for a total transaction of $12,558,750.00. Following the completion of the sale, the insider now directly owns 4,222 shares of the company’s stock, valued at approximately $424,184.34. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.
Chevron Corp. Company Profile
Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream.
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