Schwab Charitable Fund Reduces Stake in Chevron Co. (NYSE:CVX)

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Schwab Charitable Fund lessened its holdings in shares of Chevron Co. (NYSE:CVX) by 4.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,430 shares of the oil and gas company’s stock after selling 100 shares during the period. Schwab Charitable Fund’s holdings in Chevron were worth $293,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Notis McConarty Edward grew its position in shares of Chevron by 9.8% during the third quarter. Notis McConarty Edward now owns 14,537 shares of the oil and gas company’s stock worth $1,724,000 after acquiring an additional 1,300 shares during the last quarter. Cullen Capital Management LLC boosted its stake in Chevron by 1.7% during the 3rd quarter. Cullen Capital Management LLC now owns 554,675 shares of the oil and gas company’s stock worth $65,784,000 after purchasing an additional 9,270 shares during the period. Sunbelt Securities Inc. grew its position in Chevron by 514.8% during the 3rd quarter. Sunbelt Securities Inc. now owns 170,422 shares of the oil and gas company’s stock worth $20,212,000 after purchasing an additional 142,700 shares during the last quarter. Full Sail Capital LLC grew its position in Chevron by 18.7% during the 3rd quarter. Full Sail Capital LLC now owns 6,018 shares of the oil and gas company’s stock worth $736,000 after purchasing an additional 948 shares during the last quarter. Finally, American Research & Management Co. increased its stake in Chevron by 3.5% in the third quarter. American Research & Management Co. now owns 59,193 shares of the oil and gas company’s stock valued at $7,020,000 after purchasing an additional 1,995 shares during the period. 65.47% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider David A. Inchausti sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was 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 directly owns 15,000 shares of the company’s stock, valued at approximately $1,798,350. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 value of $933,504.00. The disclosure for this sale can be found here. Insiders sold a total of 90,300 shares of company stock worth $10,904,079 in the last ninety days. 0.31% of the stock is owned by corporate insiders.

A number of equities research analysts have recently commented on the stock. Berenberg Bank reaffirmed a “hold” rating and issued a $128.00 target price on shares of Chevron in a report on Thursday, December 12th. Bank of America lowered Chevron from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 7th. Cowen dropped their price target on Chevron from $140.00 to $134.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Piper Jaffray Companies initiated coverage on Chevron in a research note on Tuesday, November 26th. They set a “buy” rating and a $143.00 price objective for the company. Finally, ValuEngine raised Chevron from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $137.26.

Shares of NYSE:CVX opened at $116.13 on Thursday. 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. 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 quick ratio of 0.93, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. Chevron Co. has a fifty-two week low of $110.17 and a fifty-two week high of $127.34.

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