Baystate Wealth Management LLC Has $329,000 Position in Chevron Co. (CVX)

Baystate Wealth Management LLC decreased its holdings in Chevron Co. (NYSE:CVX) by 17.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,877 shares of the oil and gas company’s stock after selling 616 shares during the quarter. Baystate Wealth Management LLC’s holdings in Chevron were worth $329,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CVX. CKW Financial Group raised its holdings in shares of Chevron by 123.5% during the fourth quarter. CKW Financial Group now owns 362 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 200 shares during the last quarter. Highwater Wealth Management LLC acquired a new position in shares of Chevron during the fourth quarter valued at approximately $51,000. Ironwood Financial llc raised its holdings in shares of Chevron by 94.2% during the fourth quarter. Ironwood Financial llc now owns 538 shares of the oil and gas company’s stock valued at $59,000 after acquiring an additional 261 shares during the last quarter. Tributary Capital Management LLC acquired a new position in shares of Chevron during the fourth quarter valued at approximately $84,000. Finally, Arlington Partners LLC raised its holdings in shares of Chevron by 237.2% during the fourth quarter. Arlington Partners LLC now owns 853 shares of the oil and gas company’s stock valued at $93,000 after acquiring an additional 600 shares during the last quarter. 66.07% of the stock is owned by institutional investors.

A number of equities analysts have commented on CVX shares. Zacks Investment Research cut Chevron from a “hold” rating to a “strong sell” rating in a report on Thursday, January 3rd. Royal Bank of Canada reissued a “hold” rating and set a $130.00 target price on shares of Chevron in a report on Monday, January 7th. HSBC cut Chevron from a “buy” rating to a “hold” rating and reduced their target price for the company from $136.00 to $122.00 in a report on Monday, January 14th. UBS Group raised Chevron from a “neutral” rating to a “buy” rating and set a $112.95 target price for the company in a report on Friday, January 18th. Finally, Credit Suisse Group restated a “buy” rating and issued a $130.00 price target on shares of Chevron in a research report on Wednesday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Chevron currently has an average rating of “Buy” and a consensus price target of $136.30.

In related news, insider James William Johnson sold 4,750 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 4,750 shares in the company, valued at $592,990. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeanette L. Ourada sold 7,200 shares of the stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $116.50, for a total value of $838,800.00. Following the completion of the transaction, the insider now owns 7,200 shares of the company’s stock, valued at $838,800. The disclosure for this sale can be found here. Insiders sold 16,700 shares of company stock valued at $2,028,390 over the last quarter. 0.46% of the stock is currently owned by company insiders.

CVX stock opened at $119.86 on Monday. The company has a market capitalization of $228.30 billion, a PE ratio of 14.53, a P/E/G ratio of 3.48 and a beta of 1.03. Chevron Co. has a 1 year low of $100.22 and a 1 year high of $131.08. The company has a quick ratio of 1.04, a current ratio of 1.25 and a debt-to-equity ratio of 0.18.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, February 1st. The oil and gas company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.08. The company had revenue of $42.35 billion during the quarter, compared to analyst estimates 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 period in the prior year, the business posted $1.64 earnings per share. Equities research analysts predict that Chevron Co. will post 6.75 EPS for the current fiscal year.

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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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