Kidder Stephen W Raises Holdings in Chevron Co. (NYSE:CVX)

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Kidder Stephen W boosted its position in Chevron Co. (NYSE:CVX) by 23.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,130 shares of the oil and gas company’s stock after acquiring an additional 7,110 shares during the quarter. Chevron accounts for 1.6% of Kidder Stephen W’s investment portfolio, making the stock its 27th biggest position. Kidder Stephen W’s holdings in Chevron were worth $4,474,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Transamerica Financial Advisors Inc. acquired a new position in Chevron during the second quarter valued at approximately $46,000. Quantum Capital Management purchased a new stake in Chevron during the third quarter worth approximately $51,000. Lenox Wealth Advisors LLC increased its position in shares of Chevron by 54.6% in the fourth quarter. Lenox Wealth Advisors LLC now owns 433 shares of the oil and gas company’s stock worth $52,000 after acquiring an additional 153 shares in the last quarter. Vista Private Wealth Partners. LLC acquired a new stake in shares of Chevron in the third quarter worth $56,000. Finally, Cordasco Financial Network increased its position in shares of Chevron by 38.5% in the third quarter. Cordasco Financial Network now owns 525 shares of the oil and gas company’s stock worth $62,000 after acquiring an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 65.47% of the company’s stock.

Several equities analysts recently weighed in on the stock. Citigroup lowered shares of Chevron from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Berenberg Bank reaffirmed a “hold” rating and set a $128.00 price target on shares of Chevron in a research report on Thursday, December 12th. Cowen lowered their price target on Chevron from $140.00 to $134.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Piper Jaffray Companies began coverage on Chevron in a research report on Tuesday, November 26th. They issued a “buy” rating and a $143.00 price objective on the stock. Finally, Bank of America cut Chevron from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $137.26.

In other news, insider David A. Inchausti sold 15,000 shares of Chevron stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $119.89, for a total transaction of $1,798,350.00. Following the sale, the insider now directly owns 15,000 shares of the company’s stock, valued at $1,798,350. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Rhonda J. Morris sold 7,800 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $119.68, for a total value of $933,504.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 90,300 shares of company stock valued at $10,904,079. 0.31% of the stock is currently owned by corporate insiders.

Shares of CVX stock opened at $116.13 on Thursday. The company has a market capitalization of $219.91 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 4.83 and a beta of 1.02. The firm has a fifty day simple moving average of $118.53 and a 200-day simple moving average of $119.56. The company has a current ratio of 1.12, a quick ratio of 0.93 and a debt-to-equity ratio of 0.16. Chevron Co. has a twelve month low of $110.17 and a twelve month high of $127.34.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.47 by ($0.11). Chevron had a net margin of 8.70% and a return on equity of 8.89%. The firm had revenue of $36.12 billion for the quarter, compared to analyst estimates of $37.69 billion. During the same period in the previous year, the business posted $2.11 earnings per share. Chevron’s revenue for the quarter was down 17.9% on a year-over-year basis. Equities research analysts predict that Chevron Co. will post 6.28 EPS for the current year.

Chevron 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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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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