Newman Dignan & Sheerar Inc. Sells 92 Shares of Chevron Co. (NYSE:CVX)

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Newman Dignan & Sheerar Inc. reduced its stake in shares of Chevron Co. (NYSE:CVX) by 0.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 12,666 shares of the oil and gas company’s stock after selling 92 shares during the period. Newman Dignan & Sheerar Inc.’s holdings in Chevron were worth $1,526,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Kidder Stephen W raised its holdings in Chevron by 23.7% during the fourth quarter. Kidder Stephen W now owns 37,130 shares of the oil and gas company’s stock valued at $4,474,000 after acquiring an additional 7,110 shares during the period. Dempze Nancy E lifted its position in shares of Chevron by 8.4% in the fourth quarter. Dempze Nancy E now owns 3,560 shares of the oil and gas company’s stock valued at $429,000 after acquiring an additional 275 shares in the last quarter. Gardiner Nancy B lifted its position in shares of Chevron by 21.0% in the fourth quarter. Gardiner Nancy B now owns 4,410 shares of the oil and gas company’s stock valued at $531,000 after acquiring an additional 765 shares in the last quarter. Elefante Mark B lifted its position in shares of Chevron by 8.5% in the fourth quarter. Elefante Mark B now owns 2,550 shares of the oil and gas company’s stock valued at $308,000 after acquiring an additional 200 shares in the last quarter. Finally, Gradient Investments LLC boosted its stake in shares of Chevron by 7.1% in the fourth quarter. Gradient Investments LLC now owns 117,120 shares of the oil and gas company’s stock worth $14,114,000 after acquiring an additional 7,733 shares during the period. Institutional investors own 65.47% of the company’s stock.

In related news, VP Rhonda J. Morris sold 7,800 shares of the company’s stock in a transaction on 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, CEO Michael K. Wirth sold 67,500 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $121.07, for a total transaction of $8,172,225.00. Following the sale, the chief executive officer now directly owns 33,750 shares in the company, valued at approximately $4,086,112.50. The disclosure for this sale can be found here. Insiders have sold a total of 90,300 shares of company stock valued at $10,904,079 over the last quarter. Corporate insiders own 0.31% of the company’s stock.

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

NYSE:CVX opened at $116.13 on Thursday. The business’s 50-day moving average is $118.53 and its 200 day moving average is $119.56. Chevron Co. has a 12 month low of $110.17 and a 12 month high of $127.34. The company has a market capitalization of $219.91 billion, a P/E ratio of 14.08, a P/E/G ratio of 4.83 and a beta of 1.02. The company has a current ratio of 1.12, a quick ratio of 0.93 and a debt-to-equity ratio of 0.16.

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 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 firm had revenue of $36.12 billion for the quarter, compared to analysts’ expectations of $37.69 billion. During the same quarter in the prior year, the business earned $2.11 EPS. The business’s quarterly revenue was down 17.9% compared to the same quarter last year. On average, research analysts forecast that Chevron Co. will post 6.28 earnings per share for the current year.

About Chevron

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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