Frontier Wealth Management LLC held its stake in Chevron Co. (NYSE:CVX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,021 shares of the oil and gas company’s stock at the end of the fourth quarter. Frontier Wealth Management LLC’s holdings in Chevron were worth $709,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in CVX. Solaris Asset Management LLC increased its stake in Chevron by 42.6% in the third quarter. Solaris Asset Management LLC now owns 1,005 shares of the oil and gas company’s stock worth $103,000 after buying an additional 300 shares during the period. Mascoma Wealth Management LLC purchased a new stake in Chevron during the fourth quarter worth $131,000. Winfield Associates Inc. increased its stake in Chevron by 1.5% in the third quarter. Winfield Associates Inc. now owns 1,151 shares of the oil and gas company’s stock worth $118,000 after buying an additional 17 shares during the period. TLP Group LLC purchased a new stake in Chevron during the third quarter worth $130,000. Finally, Fusion Family Wealth LLC purchased a new stake in Chevron during the fourth quarter worth $160,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.
Chevron Co. (NYSE:CVX) traded up 0.01% during midday trading on Friday, reaching $104.89. 5,978,400 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $108.50 and a 200 day moving average price of $110.24. Chevron Co. has a 52 week low of $97.53 and a 52 week high of $119.00. The company’s market cap is $198.57 billion. Chevron also saw some unusual options trading activity on Friday. Stock traders bought 4,483 put options on the company. This represents an increase of 343% compared to the typical volume of 1,013 put options.
Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, January 27th. The oil and gas company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by $0.42. Chevron had a negative net margin of 0.43% and a positive return on equity of 1.26%. The firm earned $31.50 billion during the quarter, compared to the consensus estimate of $35.24 billion. During the same quarter last year, the business posted ($0.31) earnings per share. Chevron’s revenue was up 7.7% compared to the same quarter last year. Analysts anticipate that Chevron Co. will post $4.53 EPS for the current year.
CVX has been the subject of a number of recent research reports. Vetr upgraded Chevron from a “buy” rating to a “strong-buy” rating and set a $120.46 price objective for the company in a research report on Friday, April 14th. Simmons cut their price objective on Chevron from $129.00 to $124.00 and set an “overweight” rating for the company in a research report on Wednesday. Jefferies Group LLC reiterated a “buy” rating and set a $147.00 price objective on shares of Chevron in a research report on Tuesday, April 11th. Wells Fargo & Co reiterated a “market perform” rating on shares of Chevron in a research report on Wednesday, February 22nd. Finally, TheStreet downgraded Chevron from a “b-” rating to a “c” rating in a research report on Friday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $120.15.
In other Chevron news, insider Pierre R. Breber sold 45,000 shares of Chevron stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $111.80, for a total transaction of $5,031,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.40% of the company’s stock.
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.
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