CMH Wealth Management LLC Acquires 828 Shares of Chevron Co. (NYSE:CVX)

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CMH Wealth Management LLC increased its holdings in Chevron Co. (NYSE:CVX) by 4.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,590 shares of the oil and gas company’s stock after purchasing an additional 828 shares during the quarter. CMH Wealth Management LLC’s holdings in Chevron were worth $2,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. W.G. Shaheen & Associates DBA Whitney & Co lifted its holdings in shares of Chevron by 0.8% during the second quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 45,014 shares of the oil and gas company’s stock valued at $5,602,000 after purchasing an additional 379 shares during the last quarter. Beese Fulmer Investment Management Inc. lifted its holdings in shares of Chevron by 0.4% during the second quarter. Beese Fulmer Investment Management Inc. now owns 58,040 shares of the oil and gas company’s stock valued at $7,222,000 after purchasing an additional 238 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Chevron by 74.7% during the second quarter. DekaBank Deutsche Girozentrale now owns 1,387,145 shares of the oil and gas company’s stock valued at $171,630,000 after purchasing an additional 592,920 shares during the last quarter. Goodman Financial Corp lifted its holdings in shares of Chevron by 1.2% during the second quarter. Goodman Financial Corp now owns 50,084 shares of the oil and gas company’s stock valued at $6,232,000 after purchasing an additional 599 shares during the last quarter. Finally, Gratus Capital LLC lifted its holdings in shares of Chevron by 7.4% during the second quarter. Gratus Capital LLC now owns 14,591 shares of the oil and gas company’s stock valued at $1,816,000 after purchasing an additional 1,002 shares during the last quarter. 65.61% of the stock is currently owned by institutional investors.

Shares of NYSE CVX opened at $116.15 on Friday. Chevron Co. has a twelve month low of $100.22 and a twelve month high of $127.34. The firm has a market cap of $214.79 billion, a P/E ratio of 14.45, a PEG ratio of 4.19 and a beta of 0.99. The company has a 50 day moving average of $118.45 and a 200 day moving average of $120.74. The company has a quick ratio of 0.91, a current ratio of 1.15 and a debt-to-equity ratio of 0.16.

Chevron (NYSE:CVX) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.53. Chevron had a net margin of 9.18% and a return on equity of 9.58%. The business had revenue of $38.85 billion during the quarter, compared to the consensus estimate of $40.14 billion. During the same quarter in the previous year, the firm posted $1.78 EPS. The firm’s revenue was down 8.0% on a year-over-year basis. As a group, equities analysts expect that Chevron Co. will post 6.75 earnings per share for the current fiscal year.

In other Chevron news, CEO Michael K. Wirth sold 33,750 shares of Chevron stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $125.00, for a total value of $4,218,750.00. Following the completion of the sale, the chief executive officer now owns 33,750 shares of the company’s stock, valued at approximately $4,218,750. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Pierre R. Breber sold 15,000 shares of Chevron stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $124.97, for a total transaction of $1,874,550.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 86,750 shares of company stock valued at $10,648,200. 0.31% of the stock is currently owned by insiders.

Several equities analysts have recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of Chevron in a report on Tuesday, August 20th. They set an “outperform” rating and a $165.00 target price for the company. Morgan Stanley lowered their target price on shares of Chevron from $146.00 to $144.00 and set an “overweight” rating for the company in a report on Friday, July 12th. ValuEngine upgraded shares of Chevron from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Barclays began coverage on shares of Chevron in a report on Monday, August 19th. They issued an “overweight” rating and a $145.00 price objective for the company. Finally, Independent Research set a $127.00 price objective on shares of Chevron and gave the stock a “neutral” rating in a report on Thursday, August 29th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Chevron has a consensus rating of “Buy” and an average target price of $137.47.

Chevron 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.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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