Community Trust & Investment Co. Buys 1,462 Shares of Chevron Co. (CVX)

Community Trust & Investment Co. boosted its stake in shares of Chevron Co. (NYSE:CVX) by 1.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 133,741 shares of the oil and gas company’s stock after buying an additional 1,462 shares during the period. Chevron accounts for 1.7% of Community Trust & Investment Co.’s investment portfolio, making the stock its 23rd largest position. Community Trust & Investment Co.’s holdings in Chevron were worth $15,715,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CVX. Harbour Capital Advisors LLC boosted its stake in Chevron by 10,213.3% during the second quarter. Harbour Capital Advisors LLC now owns 5,709,042 shares of the oil and gas company’s stock worth $54,721,000 after buying an additional 5,653,686 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Chevron by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 139,626,287 shares of the oil and gas company’s stock valued at $14,567,210,000 after purchasing an additional 3,920,240 shares during the last quarter. Capital World Investors lifted its stake in shares of Chevron by 9.8% in the 2nd quarter. Capital World Investors now owns 35,546,848 shares of the oil and gas company’s stock valued at $3,708,603,000 after purchasing an additional 3,182,250 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Chevron by 669.9% in the 2nd quarter. Janus Henderson Group PLC now owns 3,230,554 shares of the oil and gas company’s stock valued at $337,050,000 after purchasing an additional 2,810,928 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Chevron by 1.6% in the 2nd quarter. BlackRock Inc. now owns 124,678,992 shares of the oil and gas company’s stock valued at $13,007,759,000 after purchasing an additional 1,975,865 shares during the last quarter. 63.84% of the stock is currently owned by institutional investors.

Shares of Chevron Co. (NYSE:CVX) opened at $131.30 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $249,390.00, a price-to-earnings ratio of 38.28, a P/E/G ratio of 2.84 and a beta of 1.21. Chevron Co. has a 1-year low of $102.55 and a 1-year high of $133.88.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.04. The firm had revenue of $36.21 billion for the quarter, compared to the consensus estimate of $34.06 billion. Chevron had a return on equity of 4.59% and a net margin of 4.79%. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 EPS. research analysts forecast that Chevron Co. will post 4.35 earnings per share for the current fiscal year.

In other Chevron news, Vice Chairman Michael K. Wirth sold 1,229 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $118.00, for a total transaction of $145,022.00. Following the sale, the insider now owns 1,229 shares in the company, valued at approximately $145,022. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Patricia E. Yarrington sold 116,857 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $115.29, for a total value of $13,472,443.53. Following the sale, the chief financial officer now owns 39,506 shares in the company, valued at approximately $4,554,646.74. The disclosure for this sale can be found here. Insiders sold a total of 288,500 shares of company stock worth $33,480,822 in the last quarter. Company insiders own 0.38% of the company’s stock.

Several brokerages have recently commented on CVX. HSBC lowered Chevron from a “buy” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research lowered Chevron from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Vetr lowered Chevron from a “buy” rating to a “hold” rating and set a $134.35 price target on the stock. in a research note on Thursday, January 11th. BMO Capital Markets raised Chevron from a “market perform” rating to an “outperform” rating and upped their price target for the company from $120.00 to $140.00 in a research note on Thursday, January 11th. Finally, Bank of America lowered Chevron from a “buy” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research note on Thursday, January 4th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $126.06.

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About Chevron

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.

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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