XML Financial LLC Has $9.50 Million Stock Position in Chevron Co. (NYSE:CVX)

XML Financial LLC grew its stake in shares of Chevron Co. (NYSE:CVX – Get Rating) by 68.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,109 shares of the oil and gas company’s stock after purchasing an additional 26,978 shares during the period. Chevron makes up 1.3% of XML Financial LLC’s investment portfolio, making the stock its 15th biggest holding. XML Financial LLC’s holdings in Chevron were worth $9,498,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Worth Asset Management LLC acquired a new stake in shares of Chevron in the 1st quarter worth about $36,000. Win Advisors Inc. raised its holdings in shares of Chevron by 61.2% in the 2nd quarter. Win Advisors Inc. now owns 316 shares of the oil and gas company’s stock worth $46,000 after acquiring an additional 120 shares during the last quarter. Joseph P. Lucia & Associates LLC raised its holdings in shares of Chevron by 80.6% in the 2nd quarter. Joseph P. Lucia & Associates LLC now owns 336 shares of the oil and gas company’s stock worth $49,000 after acquiring an additional 150 shares during the last quarter. Goodman Advisory Group LLC acquired a new stake in shares of Chevron in the 2nd quarter worth about $72,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in Chevron in the 2nd quarter valued at about $72,000. Institutional investors and hedge funds own 69.37% of the company’s stock.

Chevron Stock Up 0.1 %

Shares of NYSE:CVX opened at $180.83 on Wednesday. The firm has a fifty day moving average price of $177.39 and a two-hundred day moving average price of $166.01. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.40 and a quick ratio of 1.15. Chevron Co. has a one year low of $125.27 and a one year high of $189.68. The company has a market cap of $349.66 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 0.81 and a beta of 1.18.

Chevron (NYSE:CVX – Get Rating) last posted its quarterly earnings data on Friday, October 28th. The oil and gas company reported $5.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.02 by $0.54. The company had revenue of $66.64 billion during the quarter, compared to analyst estimates of $61.44 billion. Chevron had a return on equity of 22.36% and a net margin of 14.36%. The firm’s quarterly revenue was up 49.1% on a year-over-year basis. During the same quarter last year, the company earned $2.96 earnings per share. Analysts anticipate that Chevron Co. will post 18.91 EPS for the current fiscal year.

Insider Activity

In related news, Director Alice P. Gast sold 2,706 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $179.44, for a total value of $485,564.64. Following the transaction, the director now directly owns 21,964 shares in the company, valued at $3,941,220.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, VP R. Hewitt Pate sold 32,391 shares of the firm’s stock in a transaction 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Alice P. Gast sold 2,706 shares of Chevron stock in a transaction on Monday, November 21st. The stock was sold at an average price of $179.44, for a total transaction of $485,564.64. Following the sale, the director now directly owns 21,964 shares of the company’s stock, valued at $3,941,220.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 293,563 shares of company stock worth $53,186,421. 0.32% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on CVX. Morgan Stanley increased their price objective on shares of Chevron from $196.00 to $197.00 and gave the company an “equal weight” rating in a research note on Tuesday. Wells Fargo & Company increased their price objective on shares of Chevron from $199.00 to $202.00 and gave the company an “overweight” rating in a research note on Tuesday, January 10th. Cowen increased their price objective on shares of Chevron from $160.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, October 31st. Mizuho lowered shares of Chevron from a “buy” rating to a “neutral” rating and increased their price objective for the company from $185.00 to $200.00 in a research note on Tuesday, January 10th. Finally, 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. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $186.71.

About Chevron

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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.