Chevron Co. (NYSE:CVX) Shares Acquired by Kidder Stephen W

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Kidder Stephen W boosted its position in Chevron Co. (NYSE:CVX) by 23.7% during the 4th quarter, HoldingsChannel reports. The firm owned 37,130 shares of the oil and gas company’s stock after buying an additional 7,110 shares during the quarter. Chevron makes up about 1.6% of Kidder Stephen W’s investment portfolio, making the stock its 27th largest position. Kidder Stephen W’s holdings in Chevron were worth $4,474,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CVX. Dempze Nancy E increased its holdings in shares of Chevron by 8.4% during the fourth quarter. Dempze Nancy E now owns 3,560 shares of the oil and gas company’s stock valued at $429,000 after purchasing an additional 275 shares during the period. Gardiner Nancy B raised its stake in shares of Chevron by 21.0% during the fourth quarter. Gardiner Nancy B now owns 4,410 shares of the oil and gas company’s stock valued at $531,000 after purchasing an additional 765 shares in the last quarter. Elefante Mark B raised its stake in shares of Chevron by 8.5% during the fourth quarter. Elefante Mark B now owns 2,550 shares of the oil and gas company’s stock valued at $308,000 after purchasing an additional 200 shares in the last quarter. Gradient Investments LLC lifted its holdings in Chevron by 7.1% in the fourth quarter. Gradient Investments LLC now owns 117,120 shares of the oil and gas company’s stock worth $14,114,000 after purchasing an additional 7,733 shares during the period. Finally, Gillespie Robinson & Grimm Inc. lifted its holdings in Chevron by 4.1% in the fourth quarter. Gillespie Robinson & Grimm Inc. now owns 220,031 shares of the oil and gas company’s stock worth $26,516,000 after purchasing an additional 8,705 shares during the period. 65.47% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have commented on the stock. Cowen lowered their target price on shares of Chevron from $140.00 to $134.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. ValuEngine upgraded shares of Chevron from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Citigroup lowered shares of Chevron from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Bank of America cut shares of Chevron from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 7th. Finally, Piper Jaffray Companies initiated coverage on shares of Chevron in a research note on Tuesday, November 26th. They set a “buy” rating and a $143.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $137.26.

NYSE:CVX opened at $116.13 on Thursday. The company has a quick ratio of 0.93, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The business’s 50-day moving average price is $118.53 and its 200 day moving average price is $119.56. Chevron Co. has a 52-week low of $110.17 and a 52-week high of $127.34. The firm has a market cap of $219.91 billion, a P/E ratio of 14.08, a PEG ratio of 4.83 and a beta of 1.02.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.47 by ($0.11). Chevron had a net margin of 8.70% and a return on equity of 8.89%. The business had revenue of $36.12 billion during the quarter, compared to analyst estimates of $37.69 billion. During the same period in the previous year, the company posted $2.11 earnings per share. Chevron’s revenue was down 17.9% compared to the same quarter last year. Sell-side analysts expect that Chevron Co. will post 6.28 EPS for the current year.

In other news, CEO Michael K. Wirth sold 67,500 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $121.07, for a total transaction of $8,172,225.00. Following the completion of the sale, the chief executive officer now owns 33,750 shares in the company, valued at approximately $4,086,112.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David A. Inchausti sold 15,000 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $119.89, for a total value of $1,798,350.00. Following the sale, the insider now directly owns 15,000 shares of the company’s stock, valued at $1,798,350. The disclosure for this sale can be found here. Insiders sold a total of 90,300 shares of company stock worth $10,904,079 in the last ninety days. Corporate insiders own 0.31% of the company’s stock.

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 a stock buyback?

Want to see what other hedge funds are holding CVX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chevron Co. (NYSE:CVX).

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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