Glenview Trust Co Increases Position in Chevron Co. (NYSE:CVX)

Glenview Trust Co raised its position in Chevron Co. (NYSE:CVX – Get Rating) by 2.3% during the third quarter, HoldingsChannel reports. The firm owned 205,889 shares of the oil and gas company’s stock after buying an additional 4,537 shares during the quarter. Chevron accounts for 1.1% of Glenview Trust Co’s holdings, making the stock its 21st biggest position. Glenview Trust Co’s holdings in Chevron were worth $29,580,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Worth Asset Management LLC acquired a new position in shares of Chevron in the 1st quarter valued at $36,000. Win Advisors Inc. boosted its stake in Chevron by 61.2% during the 2nd quarter. Win Advisors Inc. now owns 316 shares of the oil and gas company’s stock worth $46,000 after purchasing an additional 120 shares during the period. Joseph P. Lucia & Associates LLC boosted its stake in Chevron by 80.6% during the 2nd quarter. Joseph P. Lucia & Associates LLC now owns 336 shares of the oil and gas company’s stock worth $49,000 after purchasing an additional 150 shares during the period. LFA Lugano Financial Advisors SA acquired a new stake in Chevron during the 2nd quarter worth $72,000. Finally, Goodman Advisory Group LLC acquired a new stake in Chevron during the 2nd quarter worth $72,000. 69.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CVX has been the subject of a number of recent research reports. Morgan Stanley increased their price target on shares of Chevron from $196.00 to $197.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Cowen increased their price target on shares of Chevron from $160.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, October 31st. Jefferies Financial Group began coverage on shares of Chevron in a research note on Wednesday, October 19th. They issued a “hold” rating for the company. StockNews.com began coverage on shares of Chevron in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Wells Fargo & Company raised their target price on shares of Chevron from $199.00 to $202.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 10th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $186.71.

Insider Buying and Selling at Chevron

In other Chevron news, VP R. Hewitt Pate sold 32,391 shares of Chevron stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $180.00, for a total transaction of $5,830,380.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP James William Johnson sold 143,466 shares of Chevron stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $179.30, for a total transaction of $25,723,453.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP R. Hewitt Pate sold 32,391 shares of Chevron stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $180.00, for a total transaction of $5,830,380.00. The disclosure for this sale can be found here. Insiders have sold a total of 293,563 shares of company stock valued at $53,186,421 over the last ninety days. Corporate insiders own 0.32% of the company’s stock.

Chevron Price Performance

CVX opened at $180.83 on Wednesday. The company’s 50 day simple moving average is $177.39 and its 200 day simple moving average is $166.01. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.15 and a current ratio of 1.40. Chevron Co. has a 1 year low of $125.27 and a 1 year high of $189.68. The stock has a market capitalization of $349.66 billion, a PE ratio of 10.29, a P/E/G ratio of 0.81 and a beta of 1.18.

Chevron (NYSE:CVX – Get Rating) last announced its quarterly earnings results on Friday, October 28th. The oil and gas company reported $5.56 earnings per share for the quarter, beating analysts’ consensus estimates of $5.02 by $0.54. The firm had revenue of $66.64 billion for the quarter, compared to analysts’ expectations of $61.44 billion. Chevron had a net margin of 14.36% and a return on equity of 22.36%. Chevron’s revenue was up 49.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.96 earnings per share. As a group, sell-side analysts expect that Chevron Co. will post 18.91 EPS for the current year.

Chevron Company Profile

(Get Rating)

Chevron Corp. engages in the provision of administrative, financial management, and technology support for energy and chemical operations. It operates through the Upstream and Downstream segments. The Upstream segment consists of the exploration, development, and production of crude oil and natural gas, the liquefaction, transportation, and regasification associated with liquefied natural gas, the transporting of crude oil by major international oil export pipelines, the processing, transporting, storage, and marketing of natural gas, and a gas-to-liquids plant.