Lenox Wealth Management Inc. lessened its stake in shares of Chevron Co. (NYSE:CVX) by 19.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 904 shares of the oil and gas company’s stock after selling 218 shares during the quarter. Lenox Wealth Management Inc.’s holdings in Chevron were worth $98,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Bogart Wealth LLC raised its position in Chevron by 0.5% in the 4th quarter. Bogart Wealth LLC now owns 18,554 shares of the oil and gas company’s stock valued at $2,018,000 after purchasing an additional 97 shares during the last quarter. Vision Capital Management Inc. increased its stake in Chevron by 2.5% in the 4th quarter. Vision Capital Management Inc. now owns 4,306 shares of the oil and gas company’s stock valued at $468,000 after buying an additional 107 shares during the period. Burke & Herbert Bank & Trust Co. increased its stake in Chevron by 0.6% in the 4th quarter. Burke & Herbert Bank & Trust Co. now owns 19,380 shares of the oil and gas company’s stock valued at $2,108,000 after buying an additional 107 shares during the period. Mycio Wealth Partners LLC increased its stake in Chevron by 1.1% in the 4th quarter. Mycio Wealth Partners LLC now owns 9,907 shares of the oil and gas company’s stock valued at $1,078,000 after buying an additional 109 shares during the period. Finally, Acropolis Investment Management LLC increased its stake in Chevron by 0.7% in the 4th quarter. Acropolis Investment Management LLC now owns 16,217 shares of the oil and gas company’s stock valued at $1,764,000 after buying an additional 115 shares during the period. Institutional investors and hedge funds own 66.07% of the company’s stock.
In related news, insider Jeanette L. Ourada sold 7,200 shares of the business’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $116.50, for a total value of $838,800.00. Following the sale, the insider now directly owns 7,200 shares in the company, valued at approximately $838,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider James William Johnson sold 4,750 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $125.60, for a total transaction of $596,600.00. Following the completion of the sale, the insider now owns 4,750 shares in the company, valued at $596,600. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,700 shares of company stock worth $2,028,390. Corporate insiders own 0.46% of the company’s stock.
NYSE:CVX opened at $119.86 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.04 and a current ratio of 1.25. Chevron Co. has a fifty-two week low of $100.22 and a fifty-two week high of $131.08. The firm has a market cap of $227.74 billion, a PE ratio of 14.53, a P/E/G ratio of 4.07 and a beta of 1.03.
Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, February 1st. The oil and gas company reported $1.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.08. Chevron had a net margin of 8.91% and a return on equity of 9.78%. The business had revenue of $42.35 billion for the quarter, compared to analysts’ expectations of $41.46 billion. During the same period in the prior year, the company posted $1.64 EPS. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. As a group, equities research analysts expect that Chevron Co. will post 6.77 earnings per share for the current fiscal year.
Several brokerages have issued reports on CVX. Cowen reissued a “buy” rating and issued a $142.00 price objective on shares of Chevron in a research note on Wednesday. Citigroup boosted their price objective on shares of Chevron from $135.00 to $142.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Bank of America raised shares of Chevron from a “neutral” rating to a “buy” rating and set a $140.00 price objective on the stock in a research note on Friday, April 12th. Morgan Stanley began coverage on shares of Chevron in a research note on Friday, April 12th. They issued an “overweight” rating and a $150.00 price objective on the stock. Finally, Royal Bank of Canada raised shares of Chevron to a “sector perform” rating and set a $145.00 price objective on the stock in a research note on Wednesday, March 6th. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $136.30.
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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