Lawson Kroeker Investment Management Inc. NE boosted its holdings in Chevron Co. (NYSE:CVX) by 9.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 47,081 shares of the oil and gas company’s stock after buying an additional 3,875 shares during the period. Chevron accounts for approximately 2.0% of Lawson Kroeker Investment Management Inc. NE’s holdings, making the stock its 19th largest holding. Lawson Kroeker Investment Management Inc. NE’s holdings in Chevron were worth $5,122,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of CVX. Wealthsource Partners LLC increased its stake in Chevron by 31.6% during the second quarter. Wealthsource Partners LLC now owns 15,049 shares of the oil and gas company’s stock worth $1,903,000 after purchasing an additional 3,611 shares during the period. Certified Advisory Corp boosted its holdings in Chevron by 6.4% in the second quarter. Certified Advisory Corp now owns 14,516 shares of the oil and gas company’s stock valued at $1,835,000 after purchasing an additional 879 shares in the last quarter. Lido Advisors LLC boosted its holdings in Chevron by 10.2% in the second quarter. Lido Advisors LLC now owns 13,015 shares of the oil and gas company’s stock valued at $1,645,000 after purchasing an additional 1,203 shares in the last quarter. InterOcean Capital LLC boosted its holdings in Chevron by 14.5% in the second quarter. InterOcean Capital LLC now owns 11,040 shares of the oil and gas company’s stock valued at $1,396,000 after purchasing an additional 1,398 shares in the last quarter. Finally, Voya Investment Management LLC boosted its holdings in Chevron by 3.5% in the second quarter. Voya Investment Management LLC now owns 2,542,867 shares of the oil and gas company’s stock valued at $321,494,000 after purchasing an additional 86,908 shares in the last quarter. 66.07% of the stock is currently owned by hedge funds and other institutional investors.
Chevron stock opened at $120.14 on Tuesday. The stock has a market capitalization of $227.55 billion, a PE ratio of 14.56, a PEG ratio of 3.79 and a beta of 1.03. The company has a current ratio of 1.25, a quick ratio of 1.04 and a debt-to-equity ratio of 0.18. Chevron Co. has a 12 month low of $100.22 and a 12 month high of $131.08.
A number of equities research analysts have weighed in on the company. Mizuho reiterated a “buy” rating and issued a $140.00 price objective on shares of Chevron in a research note on Wednesday, March 6th. Barclays upped their target price on Chevron from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Royal Bank of Canada raised Chevron to a “sector perform” rating and set a $145.00 target price on the stock in a report on Wednesday, March 6th. Morgan Stanley initiated coverage on Chevron in a report on Monday, April 1st. They issued an “overweight” rating and a $146.00 target price on the stock. Finally, Cowen reissued an “outperform” rating and issued a $140.00 price target (down from $160.00) on shares of Chevron in a research note on Thursday, February 28th. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $136.20.
In related news, insider James William Johnson sold 4,750 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $124.84, for a total transaction of $592,990.00. Following the completion of the transaction, the insider now owns 4,750 shares in the company, valued at approximately $592,990. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeanette L. Ourada sold 7,200 shares of the business’s stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $116.50, for a total value of $838,800.00. Following the transaction, the insider now owns 7,200 shares of the company’s stock, valued at approximately $838,800. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,700 shares of company stock valued at $2,028,390. 0.46% of the stock is owned by insiders.
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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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