First Personal Financial Services Sells 2,900 Shares of Chevron Co. (CVX)

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First Personal Financial Services trimmed its position in Chevron Co. (NYSE:CVX) by 29.1% during the second quarter, Holdings Channel reports. The institutional investor owned 7,052 shares of the oil and gas company’s stock after selling 2,900 shares during the quarter. First Personal Financial Services’ holdings in Chevron were worth $892,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Live Your Vision LLC boosted its position in shares of Chevron by 308.0% in the 2nd quarter. Live Your Vision LLC now owns 816 shares of the oil and gas company’s stock worth $101,000 after purchasing an additional 616 shares during the last quarter. Litman Gregory Asset Management LLC boosted its position in shares of Chevron by 566.9% in the 1st quarter. Litman Gregory Asset Management LLC now owns 1,147 shares of the oil and gas company’s stock worth $131,000 after purchasing an additional 975 shares during the last quarter. Point72 Asia Hong Kong Ltd boosted its position in shares of Chevron by 20,716.7% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 1,249 shares of the oil and gas company’s stock worth $142,000 after purchasing an additional 1,243 shares during the last quarter. Shine Investment Advisory Services Inc. boosted its position in shares of Chevron by 45.4% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 1,479 shares of the oil and gas company’s stock worth $187,000 after purchasing an additional 462 shares during the last quarter. Finally, First National Bank of Hutchinson bought a new position in shares of Chevron in the 2nd quarter worth $200,000. Hedge funds and other institutional investors own 64.60% of the company’s stock.

In other Chevron news, insider James William Johnson sold 4,750 shares of Chevron stock in a transaction dated Thursday, October 11th. The stock was sold at an average price of $119.97, for a total transaction of $569,857.50. Following the transaction, the insider now directly owns 4,750 shares in the company, valued at $569,857.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.46% of the company’s stock.

Several research analysts have recently issued reports on CVX shares. Goldman Sachs Group upgraded Chevron from a “buy” rating to a “conviction-buy” rating in a research report on Tuesday, October 2nd. Royal Bank of Canada set a $150.00 price target on Chevron and gave the stock a “hold” rating in a research report on Thursday, September 20th. Zacks Investment Research upgraded Chevron from a “hold” rating to a “buy” rating and set a $137.00 price target on the stock in a research report on Monday, October 1st. Bank of America lowered Chevron from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $150.00 to $135.00 in a research report on Thursday, September 6th. Finally, Redburn Partners lowered Chevron from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $130.00 to $115.00 in a research report on Wednesday, October 3rd. Nine analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $137.65.

CVX stock opened at $110.85 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.87 and a current ratio of 1.08. The stock has a market cap of $213.71 billion, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 1.91 and a beta of 1.07. Chevron Co. has a 1-year low of $107.54 and a 1-year high of $133.88.

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.

Further Reading: What is the Book Value of a Share?

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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