Gardiner Nancy B Grows Position in Chevron Co. (NYSE:CVX)

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Gardiner Nancy B lifted its stake in Chevron Co. (NYSE:CVX) by 21.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,410 shares of the oil and gas company’s stock after buying an additional 765 shares during the quarter. Gardiner Nancy B’s holdings in Chevron were worth $531,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CVX. Nuveen Asset Management LLC increased its holdings in Chevron by 2,073.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 14,886,232 shares of the oil and gas company’s stock valued at $1,852,443,000 after acquiring an additional 14,201,379 shares during the last quarter. BlackRock Inc. grew its position in shares of Chevron by 3.5% during the second quarter. BlackRock Inc. now owns 131,522,440 shares of the oil and gas company’s stock valued at $16,366,651,000 after purchasing an additional 4,401,622 shares in the last quarter. Johanson Financial Advisors Inc. grew its position in shares of Chevron by 11,524.8% during the fourth quarter. Johanson Financial Advisors Inc. now owns 1,399,163 shares of the oil and gas company’s stock valued at $11,614,000 after purchasing an additional 1,387,127 shares in the last quarter. Morgan Stanley grew its position in shares of Chevron by 7.9% during the second quarter. Morgan Stanley now owns 16,262,708 shares of the oil and gas company’s stock valued at $2,023,732,000 after purchasing an additional 1,184,133 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of Chevron by 22.1% in the third quarter. California Public Employees Retirement System now owns 5,482,447 shares of the oil and gas company’s stock worth $650,218,000 after purchasing an additional 990,819 shares during the last quarter. Hedge funds and other institutional investors own 65.47% of the company’s stock.

A number of equities analysts recently commented on the company. 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 set a $128.00 price objective on shares of Chevron in a report on Thursday, December 12th. ValuEngine upgraded Chevron from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Cowen cut their target price on shares of Chevron from $140.00 to $134.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, Piper Jaffray Companies assumed coverage on shares of Chevron in a research report on Tuesday, November 26th. They issued a “buy” rating and a $143.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. Chevron has a consensus rating of “Buy” and a consensus target price of $137.26.

In other Chevron news, insider David A. Inchausti sold 15,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $119.89, for a total value of $1,798,350.00. Following the completion of the sale, the insider now owns 15,000 shares of the company’s stock, valued at $1,798,350. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Rhonda J. Morris sold 7,800 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was 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. Insiders have sold 90,300 shares of company stock worth $10,904,079 in the last quarter. Company insiders own 0.31% of the company’s stock.

Shares of Chevron stock opened at $116.13 on Thursday. The stock has a market cap of $219.91 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 4.83 and a beta of 1.02. 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 stock has a 50 day moving average price of $118.53 and a 200-day moving average price of $119.56. Chevron Co. has a one year low of $110.17 and a one year high of $127.34.

Chevron (NYSE:CVX) last released its quarterly earnings results 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). The company had revenue of $36.12 billion for the quarter, compared to analysts’ expectations of $37.69 billion. Chevron had a net margin of 8.70% and a return on equity of 8.89%. The business’s quarterly revenue was down 17.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.11 EPS. Sell-side analysts predict that Chevron Co. will post 6.28 earnings per share for the current fiscal year.

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.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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