Sandy Spring Bank raised its holdings in shares of Chevron Co. (NYSE:CVX) by 0.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,252 shares of the oil and gas company’s stock after buying an additional 619 shares during the period. Chevron comprises approximately 0.8% of Sandy Spring Bank’s portfolio, making the stock its 27th largest position. Sandy Spring Bank’s holdings in Chevron were worth $8,372,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CVX. ZWJ Investment Counsel Inc. boosted its holdings in shares of Chevron by 1.4% during the third quarter. ZWJ Investment Counsel Inc. now owns 238,332 shares of the oil and gas company’s stock worth $28,004,000 after purchasing an additional 3,315 shares during the period. Swiss National Bank boosted its holdings in shares of Chevron by 1.0% during the third quarter. Swiss National Bank now owns 7,021,823 shares of the oil and gas company’s stock worth $825,064,000 after purchasing an additional 68,000 shares during the period. Jaffetilchin Investment Partners LLC boosted its holdings in shares of Chevron by 35.2% during the third quarter. Jaffetilchin Investment Partners LLC now owns 7,011 shares of the oil and gas company’s stock worth $824,000 after purchasing an additional 1,825 shares during the period. Morgan Dempsey Capital Management LLC boosted its holdings in shares of Chevron by 6.6% during the third quarter. Morgan Dempsey Capital Management LLC now owns 52,296 shares of the oil and gas company’s stock worth $6,142,000 after purchasing an additional 3,260 shares during the period. Finally, Bank of Hawaii boosted its holdings in shares of Chevron by 7.2% during the third quarter. Bank of Hawaii now owns 73,116 shares of the oil and gas company’s stock worth $8,591,000 after purchasing an additional 4,937 shares during the period. Institutional investors and hedge funds own 63.84% of the company’s stock.

In other Chevron news, CFO Patricia E. Yarrington sold 13,143 shares of the firm’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Patricia E. Yarrington sold 116,857 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $115.29, for a total transaction of $13,472,443.53. Following the transaction, the chief financial officer now directly owns 39,506 shares of the company’s stock, valued at approximately $4,554,646.74. The disclosure for this sale can be found here. Insiders have sold 288,500 shares of company stock valued at $33,480,822 in the last ninety days. Insiders own 0.38% of the company’s stock.

CVX has been the subject of a number of research reports. Vetr downgraded shares of Chevron from a “buy” rating to a “hold” rating and set a $134.35 price target for the company. in a research note on Thursday, January 11th. 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. BMO Capital Markets raised shares of Chevron from a “market perform” rating to an “outperform” rating and increased their price target for the stock 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 price target for the company. in a research note on Thursday, January 4th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $126.06.

Chevron Co. (NYSE CVX) opened at $131.30 on Friday. Chevron Co. has a one year low of $102.55 and a one year high of $133.88. The firm has a market cap of $249,390.00, a P/E ratio of 38.28, a price-to-earnings-growth ratio of 2.83 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 earnings results on Friday, October 27th. The oil and gas company reported $1.03 earnings per share for the quarter, beating 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 business had revenue of $36.21 billion during the quarter, compared to the consensus estimate of $34.06 billion. During the same quarter last year, the firm earned $0.68 earnings per share. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. equities research analysts expect that Chevron Co. will post 4.35 EPS for the current fiscal year.

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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.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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