RFG Advisory Group LLC cut its position in shares of Chevron Co. (NYSE:CVX) by 12.4% in the third quarter, HoldingsChannel reports. The firm owned 5,565 shares of the oil and gas company’s stock after selling 790 shares during the period. RFG Advisory Group LLC’s holdings in Chevron were worth $655,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbour Capital Advisors LLC increased its holdings in shares of Chevron by 10,213.3% during the 2nd quarter. Harbour Capital Advisors LLC now owns 5,709,042 shares of the oil and gas company’s stock valued at $54,721,000 after acquiring an additional 5,653,686 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Chevron by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 139,626,287 shares of the oil and gas company’s stock valued at $14,567,210,000 after acquiring an additional 3,920,240 shares during the last quarter. Capital World Investors increased its holdings in shares of Chevron by 9.8% during the 2nd quarter. Capital World Investors now owns 35,546,848 shares of the oil and gas company’s stock valued at $3,708,603,000 after acquiring an additional 3,182,250 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Chevron by 669.9% during the 2nd quarter. Janus Henderson Group PLC now owns 3,230,554 shares of the oil and gas company’s stock valued at $337,050,000 after acquiring an additional 2,810,928 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Chevron by 1.6% during the 2nd quarter. BlackRock Inc. now owns 124,678,992 shares of the oil and gas company’s stock valued at $13,007,759,000 after acquiring an additional 1,975,865 shares during the last quarter. 63.84% of the stock is owned by institutional investors.

Shares of Chevron Co. (NYSE:CVX) opened at $133.60 on Tuesday. Chevron Co. has a fifty-two week low of $102.55 and a fifty-two week high of $133.85. The firm has a market capitalization of $253,756.36, a P/E ratio of 38.95, a PEG ratio of 2.95 and a beta of 1.21. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.23.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.04. Chevron had a return on equity of 4.59% and a net margin of 4.79%. The company had revenue of $36.21 billion for the quarter, compared to analyst estimates of $34.06 billion. During the same quarter last year, the firm earned $0.68 EPS. Chevron’s revenue for the quarter was up 20.1% compared to the same quarter last year. research analysts expect that Chevron Co. will post 4.35 earnings per share for the current fiscal year.

A number of research analysts have recently commented on the company. Vetr lowered Chevron from a “buy” rating to a “hold” rating and set a $134.35 price objective on the stock. in a report on Thursday, January 11th. BMO Capital Markets raised Chevron from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $120.00 to $140.00 in a report on Thursday, January 11th. Bank of America lowered Chevron from a “buy” rating to a “neutral” rating and set a $125.00 price objective on the stock. in a report on Thursday, January 4th. They noted that the move was a valuation call. Zacks Investment Research raised Chevron from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a report on Wednesday, December 27th. Finally, Scotiabank reaffirmed a “buy” rating and issued a $130.00 target price on shares of Chevron in a report on Friday, December 22nd. Three analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company. Chevron currently has a consensus rating of “Hold” and a consensus price target of $126.06.

In other news, CFO Patricia E. Yarrington sold 13,143 shares of Chevron stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $115.01, for a total transaction of $1,511,576.43. Following the sale, the chief financial officer now owns 17,981 shares of the company’s stock, valued at approximately $2,067,994.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Michael K. Wirth sold 1,229 shares of Chevron stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $118.00, for a total value of $145,022.00. Following the sale, the insider now directly owns 1,229 shares in the company, valued at approximately $145,022. The disclosure for this sale can be found here. Insiders have sold a total of 288,500 shares of company stock worth $33,480,822 in the last three months. 0.38% of the stock is owned by insiders.

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

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