Peoples Financial Services CORP. decreased its position in Chevron Corp. (NYSE:CVX) by 9.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,195 shares of the company’s stock after selling 2,115 shares during the period. Chevron Corp. accounts for 1.2% of Peoples Financial Services CORP.’s investment portfolio, making the stock its 21st largest position. Peoples Financial Services CORP.’s holdings in Chevron Corp. were worth $2,013,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in CVX. RPg Family Wealth Advisory LLC increased 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 worth $101,000 after buying an additional 134 shares during the period. Marshall & Sullivan Inc. WA increased its stake in Chevron Corp. by 4.0% in the first quarter. Marshall & Sullivan Inc. WA now owns 1,825 shares of the company’s stock worth $174,000 after buying an additional 71 shares during the period. Carnick & Kubik LLC purchased a new stake in Chevron Corp. during the first quarter worth $188,000. Exane Derivatives increased its stake in Chevron Corp. by 57.3% in the first quarter. Exane Derivatives now owns 1,994 shares of the company’s stock worth $190,000 after buying an additional 726 shares during the period. Finally, Sterling Investment Advisors LLC ADV purchased a new stake in Chevron Corp. during the second quarter worth $203,000. 62.24% of the stock is currently owned by institutional investors and hedge funds.
Chevron Corp. (NYSE:CVX) traded down 1.33% on Thursday, reaching $100.79. 7,882,963 shares of the company’s stock traded hands. The company’s 50 day moving average is $101.07 and its 200-day moving average is $101.23. Chevron Corp. has a 52-week low of $75.33 and a 52-week high of $107.58. The stock’s market cap is $190.14 billion.
Chevron Corp. (NYSE:CVX) last issued its quarterly earnings data on Friday, July 29th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by $1.10. The business had revenue of $29.28 billion for 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 firm’s quarterly revenue was down 27.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 earnings per share. Equities analysts expect that Chevron Corp. will post $1.31 EPS for the current year.
A number of equities research analysts recently weighed in on the company. Vetr downgraded Chevron Corp. from a “buy” rating to a “hold” rating and set a $106.39 target price on the stock. in a research report on Monday, June 20th. Exane BNP Paribas began coverage on Chevron Corp. in a report on Monday. They set a “neutral” rating and a $102.00 price objective on the stock. Zacks Investment Research downgraded Chevron Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. Piper Jaffray Cos. raised Chevron Corp. from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $110.00 to $117.00 in a report on Tuesday, August 9th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $116.00 price objective (up from $114.00) on shares of Chevron Corp. in a report 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. presently has a consensus rating of “Buy” and an average price target of $105.09.
In other Chevron Corp. news, Director Inge G. Thulin acquired 487 shares of Chevron Corp. stock in a transaction dated Monday, August 15th. The stock was purchased at an average cost of $102.87 per share, for a total transaction of $50,097.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Pierre R. Breber sold 21,000 shares of Chevron Corp. 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. Insiders own 0.40% of the company’s stock.
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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