Chevron Corp. (CVX) Position Increased by TIAA CREF Trust Co. FSB MO
TIAA CREF Trust Co. FSB MO boosted its position in shares of Chevron Corp. (NYSE:CVX) by 6.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 157,821 shares of the company’s stock after buying an additional 9,949 shares during the period. TIAA CREF Trust Co. FSB MO’s holdings in Chevron Corp. were worth $16,544,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of CVX. IBM Retirement Fund boosted its stake in shares of Chevron Corp. by 0.6% in the second quarter. IBM Retirement Fund now owns 247,140 shares of the company’s stock valued at $26,689,000 after buying an additional 1,416 shares in the last quarter. 1st Global Advisors Inc. raised its position in Chevron Corp. by 1.7% in the second quarter. 1st Global Advisors Inc. now owns 32,705 shares of the company’s stock valued at $3,428,000 after buying an additional 551 shares during the last quarter. Mizuho Securities USA Inc. purchased a new position in Chevron Corp. during the second quarter valued at about $4,538,000. Bath Savings Trust Co raised its position in Chevron Corp. by 1.9% in the second quarter. Bath Savings Trust Co now owns 17,318 shares of the company’s stock valued at $1,815,000 after buying an additional 328 shares during the last quarter. Finally, Duncker Streett & Co. Inc. raised its position in Chevron Corp. by 2.0% in the second quarter. Duncker Streett & Co. Inc. now owns 28,687 shares of the company’s stock valued at $3,008,000 after buying an additional 563 shares during the last quarter. 62.24% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Chevron Corp. (NYSE:CVX) traded up 0.29% during mid-day trading on Friday, hitting $101.08. 5,114,718 shares of the stock were exchanged. The firm’s market cap is $190.69 billion. The stock has a 50-day moving average price of $101.00 and a 200 day moving average price of $101.27. Chevron Corp. has a 52-week low of $75.33 and a 52-week high of $107.58.
Chevron Corp. (NYSE:CVX) last released its quarterly earnings results on Friday, July 29th. The company reported ($0.78) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $1.10. The firm had revenue of $29.28 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 27.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 earnings per share. On average, equities research analysts expect that Chevron Corp. will post $1.31 earnings per share for the current year.
Several brokerages have recently weighed in on CVX. Vetr downgraded shares of Chevron Corp. from a “buy” rating to a “hold” rating and set a $106.39 price objective for the company. in a research report on Monday, June 27th. Credit Suisse Group AG reaffirmed a “neutral” rating and issued a $105.00 price objective on shares of Chevron Corp. in a research report on Saturday, August 13th. Jefferies Group reaffirmed a “buy” rating on shares of Chevron Corp. in a research report on Friday, August 5th. Simmons raised shares of Chevron Corp. from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $110.00 to $117.00 in a research report 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 objective for the company in a research report on Tuesday, July 12th. Thirteen research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $105.89.
In related news, Director Inge G. Thulin purchased 487 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The shares were purchased at an average price of $102.87 per share, with a total value of $50,097.69. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jeanette L. Ourada sold 7,000 shares of Chevron Corp. stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $101.70, for a total transaction of $711,900.00. Following the completion of the sale, the insider now directly owns 7,535 shares in the company, valued at approximately $766,309.50. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.
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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