F&V Capital Management LLC Has $5.75 Million Position in Chevron Co. (NYSE:CVX)

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F&V Capital Management LLC raised its stake in shares of Chevron Co. (NYSE:CVX) by 1.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 47,677 shares of the oil and gas company’s stock after purchasing an additional 750 shares during the period. Chevron accounts for about 3.1% of F&V Capital Management LLC’s holdings, making the stock its 13th biggest position. F&V Capital Management LLC’s holdings in Chevron were worth $5,746,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Transamerica Financial Advisors Inc. bought a new position in Chevron in the 2nd quarter worth $46,000. Quantum Capital Management bought a new position in Chevron in the 3rd quarter worth $51,000. Lenox Wealth Advisors LLC raised its holdings in Chevron by 54.6% in the 4th quarter. Lenox Wealth Advisors LLC now owns 433 shares of the oil and gas company’s stock worth $52,000 after acquiring an additional 153 shares during the period. Vista Private Wealth Partners. LLC bought a new position in Chevron in the 3rd quarter worth $56,000. Finally, Cordasco Financial Network raised its holdings in Chevron by 38.5% in the 3rd quarter. Cordasco Financial Network now owns 525 shares of the oil and gas company’s stock worth $62,000 after acquiring an additional 146 shares during the period. 65.47% of the stock is owned by institutional investors.

In other news, VP Rhonda J. Morris sold 7,800 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $119.68, for a total transaction of $933,504.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider David A. Inchausti sold 15,000 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $119.89, for a total transaction of $1,798,350.00. Following the transaction, the insider now owns 15,000 shares in the company, valued at approximately $1,798,350. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,300 shares of company stock worth $10,904,079. Insiders own 0.31% of the company’s stock.

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

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.36 earnings per share (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 company had revenue of $36.12 billion for 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. Equities analysts predict that Chevron Co. will post 6.28 EPS for the current year.

Several research analysts recently commented on CVX shares. ValuEngine upgraded shares of Chevron from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Citigroup downgraded shares of Chevron from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Berenberg Bank reiterated a “hold” rating and issued a $128.00 target price on shares of Chevron in a report on Thursday, December 12th. Piper Jaffray Companies started coverage on shares of Chevron in a report on Tuesday, November 26th. They issued a “buy” rating and a $143.00 target price on the stock. Finally, Bank of America downgraded shares of Chevron from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 7th. One equities 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. Chevron currently has a consensus rating of “Buy” and an average target price of $137.26.

Chevron 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: Correction

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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