Advisor Partners LLC boosted its holdings in shares of Chevron Co. (NYSE:CVX) by 7.9% during the third quarter, HoldingsChannel reports. The firm owned 45,881 shares of the oil and gas company’s stock after acquiring an additional 3,341 shares during the period. Chevron accounts for about 1.1% of Advisor Partners LLC’s portfolio, making the stock its 10th largest position. Advisor Partners LLC owned approximately 24.21% of Chevron worth $5,391,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Harbour Capital Advisors LLC raised its stake in shares of Chevron by 10,213.3% in the second 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 period. Vanguard Group Inc. raised its stake in shares of Chevron by 2.9% in the second 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 period. Capital World Investors raised its stake in shares of Chevron by 9.8% in the second 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 period. Janus Henderson Group PLC raised its stake in shares of Chevron by 669.9% in the second 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 period. Finally, BlackRock Inc. raised its stake in shares of Chevron by 1.6% in the second 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 period. 63.84% of the stock is currently owned by institutional investors.

Chevron Co. (CVX) opened at $131.59 on Friday. 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 company has a market cap of $249,940.00, a PE ratio of 38.36, a PEG ratio of 2.92 and a beta of 1.21. Chevron Co. has a 1-year low of $102.55 and a 1-year high of $133.88.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, October 27th. The oil and gas company reported $1.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.04. Chevron had a net margin of 4.79% and a return on equity of 4.59%. The firm had revenue of $36.21 billion for the quarter, compared to analysts’ expectations of $34.06 billion. During the same period in the prior year, the business posted $0.68 earnings per share. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. research analysts predict that Chevron Co. will post 4.35 EPS for the current year.

In other Chevron news, CFO Patricia E. Yarrington sold 13,143 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 17,981 shares in the company, valued at approximately $2,067,994.81. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Michael K. Wirth sold 1,229 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $118.00, for a total transaction of $145,022.00. Following the transaction, the insider now owns 1,229 shares in the company, valued at $145,022. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 288,500 shares of company stock worth $33,480,822. 0.38% of the stock is owned by company insiders.

Several brokerages have recently weighed in on CVX. HSBC downgraded shares of Chevron from a “buy” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research downgraded shares of Chevron from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Vetr downgraded shares of Chevron from a “buy” rating to a “hold” rating and set a $134.35 target price on the stock. in a research note on Thursday, January 11th. BMO Capital Markets raised shares of Chevron from a “market perform” rating to an “outperform” rating and increased their target price for the company from $120.00 to $140.00 in a research note on Thursday, January 11th. Finally, Bank of America downgraded shares of Chevron from a “buy” rating to a “neutral” rating and set a $125.00 target price on the stock. in a research note on Thursday, January 4th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $126.06.

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About Chevron

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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