Elefante Mark B Acquires 200 Shares of Chevron Co. (NYSE:CVX)

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Elefante Mark B increased its holdings in shares of Chevron Co. (NYSE:CVX) by 8.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,550 shares of the oil and gas company’s stock after acquiring an additional 200 shares during the quarter. Elefante Mark B’s holdings in Chevron were worth $308,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. 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. 65.47% of the stock is currently owned by institutional investors and hedge funds.

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

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

In other Chevron news, insider David A. Inchausti sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $119.89, for a total transaction of $1,798,350.00. Following the completion of the transaction, the insider now owns 15,000 shares in the company, valued at approximately $1,798,350. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael K. Wirth sold 67,500 shares of the firm’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 transaction of $8,172,225.00. Following the transaction, the chief executive officer now owns 33,750 shares of the company’s stock, valued at approximately $4,086,112.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,300 shares of company stock valued at $10,904,079. Company insiders own 0.31% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. ValuEngine upgraded shares of Chevron from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Citigroup downgraded shares of Chevron from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Cowen cut their target price on shares of Chevron from $140.00 to $134.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Bank of America downgraded shares of Chevron from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 7th. Finally, Berenberg Bank reiterated a “hold” rating and set a $128.00 target price on shares of Chevron in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $137.26.

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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