Investment Management of Virginia LLC grew its position in Chevron Co. (NYSE:CVX) by 2.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,815 shares of the oil and gas company’s stock after acquiring an additional 692 shares during the period. Chevron comprises about 1.0% of Investment Management of Virginia LLC’s portfolio, making the stock its 29th largest holding. Investment Management of Virginia LLC’s holdings in Chevron were worth $4,208,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Valley National Advisers Inc. lifted its stake in shares of Chevron by 0.4% during the 2nd quarter. Valley National Advisers Inc. now owns 2,612 shares of the oil and gas company’s stock worth $273,000 after buying an additional 11 shares during the last quarter. Deschutes Portfolio Strategy LLC lifted its stake in shares of Chevron by 0.5% during the 2nd quarter. Deschutes Portfolio Strategy LLC now owns 2,889 shares of the oil and gas company’s stock worth $301,000 after buying an additional 13 shares during the last quarter. Regis Management CO LLC lifted its stake in shares of Chevron by 0.4% during the 2nd quarter. Regis Management CO LLC now owns 3,269 shares of the oil and gas company’s stock worth $341,000 after buying an additional 14 shares during the last quarter. Keel Point LLC lifted its stake in shares of Chevron by 0.5% during the 2nd quarter. Keel Point LLC now owns 2,759 shares of the oil and gas company’s stock worth $288,000 after buying an additional 14 shares during the last quarter. Finally, FCG Advisors LLC lifted its stake in shares of Chevron by 0.4% during the 2nd quarter. FCG Advisors LLC now owns 3,907 shares of the oil and gas company’s stock worth $408,000 after buying an additional 15 shares during the last quarter. 63.84% of the stock is owned by institutional investors.

A number of research firms have recently issued reports on CVX. Barclays upgraded shares of Chevron to an “overweight” rating in a research note on Wednesday, October 11th. Vetr cut shares of Chevron from a “buy” rating to a “hold” rating and set a $134.35 target price for the company. in a research note on Thursday, January 11th. Zacks Investment Research upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $129.00 target price for the company in a research note on Friday, November 17th. Cowen restated a “buy” rating and set a $122.00 target price on shares of Chevron in a research note on Tuesday, September 19th. Finally, TheStreet upgraded shares of Chevron from a “c+” rating to a “b” rating in a research note on Monday, October 23rd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the company. Chevron currently has a consensus rating of “Hold” and a consensus price target of $126.06.

Shares of Chevron Co. (NYSE:CVX) opened at $132.01 on Wednesday. Chevron Co. has a 12 month low of $102.55 and a 12 month high of $133.88. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. The firm has a market cap of $253,756.36, a PE ratio of 38.49, a price-to-earnings-growth ratio of 2.95 and a beta of 1.21.

Chevron (NYSE:CVX) last issued its earnings results on Friday, October 27th. The oil and gas company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.99 by $0.04. The company had revenue of $36.21 billion during the quarter, compared to analysts’ expectations of $34.06 billion. Chevron had a net margin of 4.79% and a return on equity of 4.59%. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.68 EPS. equities analysts expect that Chevron Co. will post 4.35 earnings per share for the current fiscal year.

In other news, Vice Chairman Michael K. Wirth sold 1,229 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $118.00, for a total value of $145,022.00. Following the completion of the transaction, the insider now directly owns 1,229 shares in the company, valued at approximately $145,022. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Patricia E. Yarrington sold 13,143 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $115.01, for a total transaction of $1,511,576.43. Following the completion of the transaction, the chief financial officer now owns 17,981 shares of the company’s stock, valued at $2,067,994.81. The disclosure for this sale can be found here. Insiders sold a total of 288,500 shares of company stock valued at $33,480,822 over the last 90 days. Corporate insiders own 0.38% of the company’s stock.

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Chevron 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.

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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