Gardiner Nancy B raised its stake in shares of Chevron Co. (NYSE:CVX) by 21.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,410 shares of the oil and gas company’s stock after purchasing an additional 765 shares during the quarter. Gardiner Nancy B’s holdings in Chevron were worth $531,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CVX. Transamerica Financial Advisors Inc. bought a new stake in Chevron during the second quarter worth about $46,000. Quantum Capital Management purchased a new stake in Chevron in the third quarter worth about $51,000. Lenox Wealth Advisors LLC increased its stake in shares of Chevron by 54.6% during the fourth quarter. Lenox Wealth Advisors LLC now owns 433 shares of the oil and gas company’s stock valued at $52,000 after purchasing an additional 153 shares in the last quarter. Vista Private Wealth Partners. LLC bought a new position in shares of Chevron during the third quarter valued at approximately $56,000. Finally, Cordasco Financial Network increased its stake in shares of Chevron by 38.5% during the third quarter. Cordasco Financial Network now owns 525 shares of the oil and gas company’s stock valued at $62,000 after purchasing an additional 146 shares in the last quarter. 65.47% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Michael K. Wirth sold 67,500 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $121.07, for a total transaction of $8,172,225.00. Following the transaction, the chief executive officer now directly owns 33,750 shares of the company’s stock, valued at $4,086,112.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Rhonda J. Morris sold 7,800 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $119.68, for a total value of $933,504.00. The disclosure for this sale can be found here. In the last three months, insiders sold 90,300 shares of company stock valued at $10,904,079. Corporate insiders own 0.31% of the company’s stock.

Shares of CVX opened at $116.13 on Thursday. The company has a market capitalization of $219.91 billion, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 4.83 and a beta of 1.02. The company has a quick ratio of 0.93, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $118.53 and a 200 day moving average of $119.56. Chevron Co. has a twelve month low of $110.17 and a twelve month high of $127.34.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.11). Chevron had a net margin of 8.70% and a return on equity of 8.89%. The business had revenue of $36.12 billion during the quarter, compared to the consensus estimate of $37.69 billion. During the same period last year, the company posted $2.11 earnings per share. The business’s revenue was down 17.9% compared to the same quarter last year. On average, sell-side analysts expect that Chevron Co. will post 6.28 EPS for the current year.

A number of analysts have recently commented on the company. Citigroup cut Chevron from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Piper Jaffray Companies began coverage on Chevron in a research report on Tuesday, November 26th. They set a “buy” rating and a $143.00 price objective for the company. Cowen reduced their price objective on Chevron from $140.00 to $134.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Berenberg Bank reiterated a “hold” rating and set a $128.00 price objective on shares of Chevron in a research note on Thursday, December 12th. Finally, ValuEngine raised Chevron from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. Chevron has an average rating of “Buy” and a consensus price target of $137.26.

Chevron 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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