D.B. Root & Company LLC trimmed its position in shares of Chevron Co. (NYSE:CVX) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,303 shares of the oil and gas company’s stock after selling 153 shares during the quarter. D.B. Root & Company LLC’s holdings in Chevron were worth $1,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of CVX. Notis McConarty Edward raised its stake in shares of Chevron by 9.8% during the 3rd quarter. Notis McConarty Edward now owns 14,537 shares of the oil and gas company’s stock worth $1,724,000 after purchasing an additional 1,300 shares during the period. Cullen Capital Management LLC raised its stake in shares of Chevron by 1.7% during the 3rd quarter. Cullen Capital Management LLC now owns 554,675 shares of the oil and gas company’s stock worth $65,784,000 after purchasing an additional 9,270 shares during the period. Sunbelt Securities Inc. raised its stake in shares of Chevron by 514.8% during the 3rd quarter. Sunbelt Securities Inc. now owns 170,422 shares of the oil and gas company’s stock worth $20,212,000 after purchasing an additional 142,700 shares during the period. Full Sail Capital LLC raised its stake in shares of Chevron by 18.7% during the 3rd quarter. Full Sail Capital LLC now owns 6,018 shares of the oil and gas company’s stock worth $736,000 after purchasing an additional 948 shares during the period. Finally, American Research & Management Co. raised its stake in shares of Chevron by 3.5% during the 3rd quarter. American Research & Management Co. now owns 59,193 shares of the oil and gas company’s stock worth $7,020,000 after purchasing an additional 1,995 shares during the period. 65.47% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on CVX. Citigroup cut Chevron from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Cowen decreased their price target on Chevron from $140.00 to $134.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Berenberg Bank reiterated a “hold” rating and set a $128.00 price target on shares of Chevron in a research report on Thursday, December 12th. Bank of America cut Chevron from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 7th. Finally, Piper Jaffray Companies assumed coverage on Chevron in a research report on Tuesday, November 26th. They set a “buy” rating and a $143.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $136.31.

Shares of CVX traded down $0.51 during midday trading on Tuesday, hitting $116.15. 418,024 shares of the company traded hands, compared to its average volume of 5,640,137. The stock has a 50-day moving average of $118.60 and a 200-day moving average of $119.63. Chevron Co. has a one year low of $110.17 and a one year high of $127.34. The firm has a market cap of $220.17 billion, a P/E ratio of 14.08, a PEG ratio of 4.88 and a beta of 1.02. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 0.93.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.47 by ($0.11). Chevron had a return on equity of 8.89% and a net margin of 8.70%. The business had revenue of $36.12 billion for the quarter, compared to analysts’ expectations of $37.69 billion. During the same period in the previous year, the firm posted $2.11 EPS. The firm’s revenue for the quarter was down 17.9% compared to the same quarter last year. Sell-side analysts forecast that Chevron Co. will post 6.46 EPS for the current fiscal year.

In other Chevron news, VP Rhonda J. Morris sold 7,800 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $119.68, for a total value of $933,504.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David A. Inchausti sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $119.89, for a total value of $1,798,350.00. Following the completion of the sale, the insider now directly owns 15,000 shares of the company’s stock, valued at approximately $1,798,350. The disclosure for this sale can be found here. In the last ninety days, insiders sold 90,300 shares of company stock valued at $10,904,079. 0.31% of the stock is owned by insiders.

Chevron Company Profile

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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