Gardiner Nancy B Invests $250,000 in Chevron Co. (CVX) Stock

Gardiner Nancy B bought a new stake in Chevron Co. (NYSE:CVX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,000 shares of the oil and gas company’s stock, valued at approximately $250,000.

A number of other hedge funds also recently made changes to their positions in CVX. Acrospire Investment Management LLC boosted its holdings in shares of Chevron by 133.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after buying an additional 800 shares in the last quarter. Accurate Investment Solutions Inc. boosted its holdings in shares of Chevron by 59.1% during the 3rd quarter. Accurate Investment Solutions Inc. now owns 1,352 shares of the oil and gas company’s stock worth $159,000 after buying an additional 502 shares in the last quarter. Ffcm LLC boosted its holdings in shares of Chevron by 121.1% during the 2nd quarter. Ffcm LLC now owns 1,501 shares of the oil and gas company’s stock worth $160,000 after buying an additional 822 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new position in shares of Chevron during the 2nd quarter worth approximately $160,000. Finally, Intellectus Partners LLC boosted its holdings in shares of Chevron by 1.0% during the 2nd quarter. Intellectus Partners LLC now owns 1,557 shares of the oil and gas company’s stock worth $162,000 after buying an additional 15 shares in the last quarter. Institutional investors and hedge funds own 64.97% of the company’s stock.

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A number of equities analysts have issued reports on CVX shares. Jefferies Group restated a “buy” rating and set a $140.00 price target on shares of Chevron in a report on Wednesday, December 20th. Cowen restated an “outperform” rating and set a $160.00 price target (up from $122.00) on shares of Chevron in a report on Thursday, December 21st. Royal Bank of Canada set a $110.00 price target on Chevron and gave the stock a “sell” rating in a report on Wednesday, December 20th. Scotiabank reaffirmed a “buy” rating and set a $130.00 target price on shares of Chevron in a research report on Friday, December 22nd. Finally, Vetr raised Chevron from a “hold” rating to a “buy” rating and set a $134.35 target price on the stock in a research report on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty have assigned a buy rating to the company’s stock. Chevron currently has a consensus rating of “Buy” and an average target price of $131.29.

NYSE CVX opened at $123.82 on Thursday. The firm has a market capitalization of $230,567.53, a P/E ratio of 33.46, a P/E/G ratio of 2.34 and a beta of 1.16. Chevron Co. has a 12 month low of $102.55 and a 12 month high of $133.88. The company has a quick ratio of 0.83, a current ratio of 1.03 and a debt-to-equity ratio of 0.22.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.54). The company had revenue of $37.62 billion during the quarter, compared to analysts’ expectations of $38.43 billion. Chevron had a net margin of 6.49% and a return on equity of 5.22%. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 earnings per share. equities analysts expect that Chevron Co. will post 6.45 EPS for the current year.

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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.

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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