Glen Harbor Capital Management LLC increased its position in Chevron Corporation (NYSE:CVX) by 5.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 193,216 shares of the oil and gas company’s stock after buying an additional 9,632 shares during the period. Glen Harbor Capital Management LLC’s holdings in Chevron Corporation were worth $20,746,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of CVX. Kentucky Retirement Systems bought a new position in Chevron Corporation during the fourth quarter worth $16,123,000. First PREMIER Bank boosted its position in Chevron Corporation by 4.7% in the first quarter. First PREMIER Bank now owns 4,241 shares of the oil and gas company’s stock worth $456,000 after buying an additional 190 shares during the last quarter. Aviva PLC boosted its position in Chevron Corporation by 28.8% in the fourth quarter. Aviva PLC now owns 1,852,324 shares of the oil and gas company’s stock worth $218,185,000 after buying an additional 414,257 shares during the last quarter. Merriman Wealth Management LLC bought a new position in Chevron Corporation during the first quarter worth $224,000. Finally, Guggenheim Capital LLC boosted its position in Chevron Corporation by 2.1% in the fourth quarter. Guggenheim Capital LLC now owns 988,896 shares of the oil and gas company’s stock worth $116,394,000 after buying an additional 20,383 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.
Shares of Chevron Corporation (CVX) opened at 104.21 on Tuesday. Chevron Corporation has a 52 week low of $97.53 and a 52 week high of $119.00. The firm has a market capitalization of $197.43 billion, a price-to-earnings ratio of 67.62 and a beta of 1.23. The company’s 50-day moving average is $105.41 and its 200 day moving average is $109.94.
Chevron Corporation (NYSE:CVX) last released its quarterly earnings data on Friday, April 28th. The oil and gas company reported $1.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.56. Chevron Corporation had a net margin of 2.34% and a return on equity of 3.58%. The business had revenue of $33.42 billion for the quarter, compared to analysts’ expectations of $34.05 billion. During the same quarter last year, the company earned ($0.39) EPS. The company’s revenue for the quarter was up 42.0% compared to the same quarter last year. Analysts anticipate that Chevron Corporation will post $3.89 EPS for the current fiscal year.
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CVX has been the subject of a number of research analyst reports. Vetr raised shares of Chevron Corporation 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. BidaskClub cut shares of Chevron Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. Scotiabank set a $114.00 price objective on shares of Chevron Corporation and gave the stock a “buy” rating in a research report on Monday, May 1st. Exane BNP Paribas cut shares of Chevron Corporation from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $105.00 to $100.00 in a research report on Friday, May 26th. Finally, Royal Bank Of Canada cut shares of Chevron Corporation from a “sector perform” rating to an “underperform” rating and lowered their price objective for the stock from $112.00 to $100.00 in a research report on Thursday, July 6th. Six equities research analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $116.28.
Chevron Corporation Company Profile
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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