Dempze Nancy E boosted its position in shares of Chevron Co. (NYSE:CVX) by 8.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,560 shares of the oil and gas company’s stock after buying an additional 275 shares during the period. Dempze Nancy E’s holdings in Chevron were worth $429,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Transamerica Financial Advisors Inc. acquired a new stake in shares of Chevron in the 2nd quarter valued at approximately $46,000. Quantum Capital Management acquired a new stake in shares of Chevron in the 3rd quarter valued at approximately $51,000. Lenox Wealth Advisors LLC boosted its stake in shares of Chevron by 54.6% in the 4th quarter. Lenox Wealth Advisors LLC now owns 433 shares of the oil and gas company’s stock valued at $52,000 after purchasing an additional 153 shares in the last quarter. Vista Private Wealth Partners. LLC acquired a new stake in shares of Chevron in the 3rd quarter valued at approximately $56,000. Finally, Cordasco Financial Network boosted its stake in shares of Chevron by 38.5% in the 3rd quarter. Cordasco Financial Network now owns 525 shares of the oil and gas company’s stock valued at $62,000 after purchasing an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 65.47% of the company’s stock.
Shares of NYSE CVX opened at $116.13 on Thursday. The company has a 50 day simple moving average of $118.53 and a 200 day simple moving average of $119.56. The firm has a market cap of $219.91 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 4.83 and a beta of 1.02. Chevron Co. has a 1 year low of $110.17 and a 1 year high of $127.34. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 0.93.
In related news, CEO Michael K. Wirth sold 67,500 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $121.07, for a total value of $8,172,225.00. Following the completion of the transaction, 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 document filed with the SEC, which can be accessed through this link. Also, VP Rhonda J. Morris sold 7,800 shares of the firm’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 transaction of $933,504.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,300 shares of company stock valued at $10,904,079. 0.31% of the stock is owned by company insiders.
A number of equities research analysts have recently weighed in on CVX shares. Berenberg Bank restated a “hold” rating and issued a $128.00 price target on shares of Chevron in a research note on Thursday, December 12th. Piper Jaffray Companies started coverage on shares of Chevron in a research note on Tuesday, November 26th. They issued a “buy” rating and a $143.00 price target on the stock. Cowen reduced their price target 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 note on Wednesday, October 2nd. Finally, Bank of America downgraded shares of Chevron from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 7th. One investment 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. The company presently has a consensus rating of “Buy” and a consensus target price of $137.26.
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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