Toth Financial Advisory Corp raised its stake in shares of Chevron Co. (NYSE:CVX) by 36.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 756 shares of the oil and gas company’s stock after purchasing an additional 200 shares during the quarter. Toth Financial Advisory Corp’s holdings in Chevron were worth $54,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of CVX. State Street Corp boosted its position in shares of Chevron by 2.6% during the 1st quarter. State Street Corp now owns 117,055,351 shares of the oil and gas company’s stock valued at $8,481,831,000 after acquiring an additional 2,914,316 shares in the last quarter. Morgan Stanley boosted its position in shares of Chevron by 2.0% during the 1st quarter. Morgan Stanley now owns 17,804,427 shares of the oil and gas company’s stock valued at $1,290,108,000 after acquiring an additional 341,664 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Chevron by 0.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,491,224 shares of the oil and gas company’s stock valued at $757,672,000 after acquiring an additional 32,737 shares in the last quarter. Swiss National Bank boosted its position in shares of Chevron by 0.9% during the 2nd quarter. Swiss National Bank now owns 7,458,150 shares of the oil and gas company’s stock valued at $665,491,000 after acquiring an additional 64,200 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of Chevron by 3.5% during the 2nd quarter. Fisher Asset Management LLC now owns 5,274,972 shares of the oil and gas company’s stock valued at $470,686,000 after acquiring an additional 178,172 shares in the last quarter. Institutional investors own 64.01% of the company’s stock.
Several analysts have recently weighed in on CVX shares. SunTrust Banks started coverage on shares of Chevron in a research report on Thursday, July 23rd. They set a “buy” rating and a $120.00 target price on the stock. BofA Securities upgraded shares of Chevron from a “neutral” rating to a “buy” rating and set a $96.00 price target on the stock in a research report on Monday, September 28th. Morgan Stanley boosted their price target on shares of Chevron from $104.00 to $108.00 and gave the company an “overweight” rating in a research report on Friday, August 21st. Jefferies Financial Group restated a “buy” rating and issued a $108.00 price target on shares of Chevron in a research report on Tuesday, August 11th. Finally, HSBC reduced their price target on shares of Chevron from $93.00 to $86.00 and set a “hold” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $107.27.
NYSE:CVX traded down $0.62 during trading hours on Friday, hitting $72.89. The stock had a trading volume of 9,305,957 shares, compared to its average volume of 11,212,303. Chevron Co. has a one year low of $51.60 and a one year high of $122.94. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.14. The company has a market cap of $136.11 billion, a price-to-earnings ratio of -15.64, a P/E/G ratio of 2,483.67 and a beta of 1.26. The business’s 50 day moving average is $76.82 and its 200-day moving average is $85.44.
Chevron (NYSE:CVX) last issued its earnings results on Friday, July 31st. The oil and gas company reported ($1.59) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.93) by ($0.66). Chevron had a negative net margin of 7.41% and a positive return on equity of 3.61%. The firm had revenue of $13.95 billion during the quarter, compared to the consensus estimate of $21.71 billion. During the same period in the previous year, the company posted $1.77 EPS. The firm’s revenue for the quarter was down 64.1% on a year-over-year basis. On average, sell-side analysts anticipate that Chevron Co. will post 0.01 EPS for the current fiscal year.
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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