QCI Asset Management Inc. NY raised its stake in shares of Chevron Corp. (NYSE:CVX) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,481 shares of the company’s stock after buying an additional 1,131 shares during the period. Chevron Corp. accounts for approximately 1.9% of QCI Asset Management Inc. NY’s holdings, making the stock its 26th largest position. QCI Asset Management Inc. NY’s holdings in Chevron Corp. were worth $13,259,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. RPg Family Wealth Advisory LLC raised its stake in Chevron Corp. by 14.5% in the first quarter. RPg Family Wealth Advisory LLC now owns 1,058 shares of the company’s stock valued at $101,000 after buying an additional 134 shares in the last quarter. Marshall & Sullivan Inc. WA raised its stake in shares of Chevron Corp. by 4.0% in the first quarter. Marshall & Sullivan Inc. WA now owns 1,825 shares of the company’s stock valued at $174,000 after buying an additional 71 shares during the period. Sterling Investment Advisors LLC ADV purchased a new stake in shares of Chevron Corp. during the second quarter valued at about $203,000. Swift Run Capital Management LLC purchased a new stake in shares of Chevron Corp. during the second quarter valued at about $204,000. Finally, Stillwater Capital Advisors LLC purchased a new stake in shares of Chevron Corp. during the second quarter valued at about $204,000. 62.24% of the stock is owned by institutional investors.
Shares of Chevron Corp. (NYSE:CVX) traded up 0.29% during mid-day trading on Friday, reaching $101.08. 5,114,718 shares of the company’s stock traded hands. The stock’s market capitalization is $190.69 billion. Chevron Corp. has a 12-month low of $75.33 and a 12-month high of $107.58. The company’s 50-day moving average price is $101.00 and its 200-day moving average price is $101.27.
Chevron Corp. (NYSE:CVX) last posted its earnings results on Friday, July 29th. The company reported ($0.78) earnings per share for the quarter, missing the consensus estimate of $0.32 by $1.10. The firm earned $29.28 billion during the quarter, compared to analyst estimates of $25.78 billion. Chevron Corp. had a negative net margin of 0.64% and a positive return on equity of 1.07%. The business’s revenue for the quarter was down 27.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 earnings per share. Analysts anticipate that Chevron Corp. will post $1.31 earnings per share for the current year.
Several brokerages have issued reports on CVX. Vetr lowered Chevron Corp. from a “buy” rating to a “hold” rating and set a $106.39 price target for the company. in a research note on Monday, June 20th. Exane BNP Paribas began coverage on Chevron Corp. in a research note on Monday, October 10th. They set a “neutral” rating and a $102.00 price target for the company. Zacks Investment Research lowered Chevron Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Piper Jaffray Cos. raised Chevron Corp. from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $110.00 to $117.00 in a research note on Tuesday, August 9th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $116.00 price target (up previously from $114.00) on shares of Chevron Corp. in a research note on Wednesday, July 6th. Thirteen analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Chevron Corp. has a consensus rating of “Buy” and an average price target of $105.09.
In other news, Director Inge G. Thulin bought 487 shares of the firm’s stock in a transaction on Monday, August 15th. The shares were bought at an average cost of $102.87 per share, for a total transaction of $50,097.69. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Pierre R. Breber sold 21,000 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $98.77, for a total transaction of $2,074,170.00. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.
About Chevron Corp.
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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