Delaney Dennis R Buys 1,854 Shares of Chevron Co. (NYSE:CVX)

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Delaney Dennis R lifted its stake in Chevron Co. (NYSE:CVX) by 16.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,209 shares of the oil and gas company’s stock after acquiring an additional 1,854 shares during the period. Chevron accounts for 2.0% of Delaney Dennis R’s portfolio, making the stock its 21st largest position. Delaney Dennis R’s holdings in Chevron were worth $1,591,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Eagle Capital Management LLC boosted its stake in Chevron by 2.1% in the second quarter. Eagle Capital Management LLC now owns 25,373 shares of the oil and gas company’s stock worth $3,158,000 after buying an additional 515 shares in the last quarter. Schroder Investment Management Group boosted its stake in Chevron by 25.4% in the second quarter. Schroder Investment Management Group now owns 1,783,104 shares of the oil and gas company’s stock worth $221,890,000 after buying an additional 360,758 shares in the last quarter. Bernardo Wealth Planning LLC boosted its stake in Chevron by 6.9% in the second quarter. Bernardo Wealth Planning LLC now owns 9,624 shares of the oil and gas company’s stock worth $1,198,000 after buying an additional 618 shares in the last quarter. Putnam Investments LLC boosted its stake in Chevron by 7.2% in the second quarter. Putnam Investments LLC now owns 1,050,941 shares of the oil and gas company’s stock worth $130,779,000 after buying an additional 70,188 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC boosted its stake in Chevron by 32.6% in the second quarter. Gladstone Institutional Advisory LLC now owns 4,492 shares of the oil and gas company’s stock worth $559,000 after buying an additional 1,104 shares in the last quarter. 65.47% of the stock is owned by hedge funds and other institutional investors.

Shares of CVX stock opened at $116.13 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.93 and a current ratio of 1.12. Chevron Co. has a fifty-two week low of $110.17 and a fifty-two week high of $127.34. The stock has a 50 day moving average price of $118.53 and a two-hundred day moving average price of $119.56. The company has a market capitalization 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 announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.36 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $36.12 billion during the quarter, compared to the consensus estimate of $37.69 billion. During the same quarter in the previous year, the firm posted $2.11 EPS. The business’s revenue for the quarter was down 17.9% compared to the same quarter last year. As a group, equities analysts predict that Chevron Co. will post 6.28 earnings per share for the current year.

Several brokerages have issued reports on CVX. Citigroup lowered Chevron from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Berenberg Bank reaffirmed a “hold” rating and issued a $128.00 target price on shares of Chevron in a research note on Thursday, December 12th. Cowen cut their target price on Chevron from $140.00 to $134.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. ValuEngine raised Chevron from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Piper Jaffray Companies began coverage on Chevron in a research note on Tuesday, November 26th. They issued a “buy” rating and a $143.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $137.26.

In other Chevron news, CEO Michael K. Wirth sold 67,500 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $121.07, for a total value 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 $4,086,112.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Rhonda J. Morris sold 7,800 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $119.68, for a total value of $933,504.00. The disclosure for this sale can be found here. Insiders sold 90,300 shares of company stock valued at $10,904,079 in the last quarter. 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.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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