Chevron Co. (CVX) Shares Sold by Smithbridge Asset Management Inc. DE

Smithbridge Asset Management Inc. DE lessened its position in Chevron Co. (NYSE:CVX) by 5.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,875 shares of the oil and gas company’s stock after selling 950 shares during the period. Smithbridge Asset Management Inc. DE’s holdings in Chevron were worth $1,945,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Vision Capital Management Inc. increased its stake in shares of Chevron by 2.5% in the 4th quarter. Vision Capital Management Inc. now owns 4,306 shares of the oil and gas company’s stock valued at $468,000 after acquiring an additional 107 shares during the last quarter. Burke & Herbert Bank & Trust Co. increased its stake in shares of Chevron by 0.6% in the 4th quarter. Burke & Herbert Bank & Trust Co. now owns 19,380 shares of the oil and gas company’s stock valued at $2,108,000 after acquiring an additional 107 shares during the last quarter. Acropolis Investment Management LLC increased its stake in shares of Chevron by 0.7% in the 4th quarter. Acropolis Investment Management LLC now owns 16,217 shares of the oil and gas company’s stock valued at $1,764,000 after acquiring an additional 115 shares during the last quarter. Garde Capital Inc. increased its stake in shares of Chevron by 1.7% in the 3rd quarter. Garde Capital Inc. now owns 11,983 shares of the oil and gas company’s stock valued at $1,401,000 after acquiring an additional 200 shares during the last quarter. Finally, Beaton Management Co. Inc. increased its stake in shares of Chevron by 0.8% in the 3rd quarter. Beaton Management Co. Inc. now owns 24,963 shares of the oil and gas company’s stock valued at $3,052,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 66.07% of the company’s stock.

Shares of NYSE CVX traded down $0.41 during trading hours on Friday, hitting $119.86. The company had a trading volume of 9,546,462 shares, compared to its average volume of 7,791,694. The company has a market cap of $228.30 billion, a PE ratio of 14.53, a PEG ratio of 3.48 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 1-year low of $100.22 and a 1-year high of $131.08.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, February 1st. The oil and gas company reported $1.95 EPS for the quarter, beating the consensus estimate of $1.87 by $0.08. The company had revenue of $42.35 billion during the quarter, compared to the consensus estimate of $41.46 billion. Chevron had a return on equity of 9.78% and a net margin of 8.91%. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.64 EPS. As a group, sell-side analysts predict that Chevron Co. will post 6.75 EPS for the current fiscal year.

A number of analysts have recently commented on CVX shares. Cowen reaffirmed a “buy” rating and issued a $142.00 price target on shares of Chevron in a research note on Wednesday. Tudor Pickering started coverage on Chevron in a research note on Friday, March 1st. They issued a “buy” rating and a $133.00 price target for the company. Credit Suisse Group reissued a “buy” rating and set a $130.00 target price on shares of Chevron in a research note on Wednesday, January 23rd. Bank of America raised Chevron from a “neutral” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Friday, April 12th. Finally, Citigroup increased their target price on Chevron from $135.00 to $142.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $136.30.

In other Chevron news, insider Jeanette L. Ourada sold 7,200 shares of the stock in a transaction on Monday, February 4th. The stock was sold at an average price of $116.50, for a total transaction of $838,800.00. Following the transaction, the insider now owns 7,200 shares in the company, valued at approximately $838,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James William Johnson sold 4,750 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $124.84, for a total value of $592,990.00. Following the transaction, the insider now owns 4,750 shares in the company, valued at approximately $592,990. The disclosure for this sale can be found here. Insiders have sold a total of 16,700 shares of company stock valued at $2,028,390 in the last ninety days. Insiders own 0.46% of the company’s stock.

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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.

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