G&S Capital LLC Sells 1,579 Shares of Chevron Co. (CVX)

G&S Capital LLC reduced its position in shares of Chevron Co. (NYSE:CVX) by 5.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,967 shares of the oil and gas company’s stock after selling 1,579 shares during the period. Chevron makes up approximately 2.7% of G&S Capital LLC’s investment portfolio, making the stock its 9th biggest position. G&S Capital LLC’s holdings in Chevron were worth $3,536,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in shares of Chevron by 4.4% during the first quarter. Dimensional Fund Advisors LP now owns 13,026,526 shares of the oil and gas company’s stock worth $1,485,545,000 after buying an additional 549,931 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Chevron by 3.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 8,728,794 shares of the oil and gas company’s stock worth $995,432,000 after buying an additional 275,289 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Chevron by 0.4% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,624,550 shares of the oil and gas company’s stock worth $869,505,000 after buying an additional 31,022 shares in the last quarter. Boston Partners increased its holdings in shares of Chevron by 2.4% during the first quarter. Boston Partners now owns 7,482,304 shares of the oil and gas company’s stock worth $853,282,000 after buying an additional 175,360 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Chevron by 10.3% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,391,206 shares of the oil and gas company’s stock worth $808,040,000 after buying an additional 594,253 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Shares of CVX opened at $117.77 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.87 and a debt-to-equity ratio of 0.20. The firm has a market cap of $234.31 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 2.14 and a beta of 1.07. Chevron Co. has a 12 month low of $108.02 and a 12 month high of $133.88.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, July 27th. The oil and gas company reported $1.78 EPS for the quarter, missing the Zacks’ consensus estimate of $2.09 by ($0.31). The firm had revenue of $42.24 billion for the quarter, compared to the consensus estimate of $46.62 billion. Chevron had a net margin of 7.87% and a return on equity of 6.89%. The business’s revenue was up 22.5% compared to the same quarter last year. During the same period last year, the company posted $0.77 EPS. As a group, sell-side analysts predict that Chevron Co. will post 8.17 EPS for the current year.

Several analysts recently weighed in on the stock. ValuEngine cut shares of Chevron from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Zacks Investment Research raised shares of Chevron from a “hold” rating to a “buy” rating and set a $137.00 price objective on the stock in a research note on Monday, October 1st. Redburn Partners cut shares of Chevron from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $130.00 to $115.00 in a research note on Wednesday, October 3rd. Macquarie cut shares of Chevron from an “outperform” rating to a “neutral” rating and set a $125.00 price objective on the stock. in a research note on Tuesday, July 3rd. Finally, Royal Bank of Canada set a $150.00 price objective on shares of Chevron and gave the stock a “hold” rating in a research note on Thursday, September 20th. Nine investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $136.83.

In other Chevron news, insider James William Johnson sold 4,750 shares of the company’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $116.00, for a total transaction of $551,000.00. Following the sale, the insider now owns 4,750 shares of the company’s stock, valued at $551,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

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.

See Also: How analysts view the yield curve

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply