Wade G W & Inc. Has $9,270,000 Position in Chevron Corp. (CVX)
Wade G W & Inc. boosted its position in shares of Chevron Corp. (NYSE:CVX) by 6.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 88,426 shares of the company’s stock after buying an additional 5,669 shares during the period. Chevron Corp. makes up approximately 1.6% of Wade G W & Inc.’s portfolio, making the stock its 13th largest position. Wade G W & Inc.’s holdings in Chevron Corp. were worth $9,270,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in CVX. RPg Family Wealth Advisory LLC boosted its position in Chevron Corp. by 14.5% in the first quarter. RPg Family Wealth Advisory LLC now owns 1,058 shares of the company’s stock worth $101,000 after buying an additional 134 shares during the last quarter. Marshall & Sullivan Inc. WA boosted its position in Chevron Corp. by 4.0% in the first quarter. Marshall & Sullivan Inc. WA now owns 1,825 shares of the company’s stock worth $174,000 after buying an additional 71 shares during the last quarter. Carnick & Kubik LLC bought a new position in Chevron Corp. during the first quarter worth approximately $188,000. Exane Derivatives boosted its position in Chevron Corp. by 57.3% in the first quarter. Exane Derivatives now owns 1,994 shares of the company’s stock worth $190,000 after buying an additional 726 shares during the last quarter. Finally, Sterling Investment Advisors LLC ADV bought a new position in Chevron Corp. during the second quarter worth approximately $203,000. 62.24% of the stock is owned by hedge funds and other institutional investors.
Chevron Corp. (NYSE:CVX) traded down 1.30% on Thursday, hitting $100.82. The stock had a trading volume of 3,327,916 shares. Chevron Corp. has a one year low of $75.33 and a one year high of $107.58. The company’s market cap is $190.20 billion. The stock has a 50-day moving average of $101.07 and a 200-day moving average of $101.23.
Chevron Corp. (NYSE:CVX) last issued its quarterly earnings data on Friday, July 29th. The company reported ($0.78) EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by $1.10. The company had revenue of $29.28 billion for the quarter, compared to the consensus estimate of $25.78 billion. Chevron Corp. had a positive return on equity of 1.07% and a negative net margin of 0.64%. Chevron Corp.’s quarterly revenue was down 27.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.30 earnings per share. Equities analysts expect that Chevron Corp. will post $1.31 earnings per share for the current fiscal year.
CVX has been the topic of several research reports. Credit Suisse Group AG reissued a “neutral” rating on shares of Chevron Corp. in a research report on Tuesday, September 6th. Jefferies Group reissued a “buy” rating and set a $116.00 price target (up previously from $114.00) on shares of Chevron Corp. in a research report on Wednesday, July 6th. Barclays PLC reissued an “equal weight” rating and set a $125.00 price target on shares of Chevron Corp. in a research report on Thursday, July 28th. BMO Capital Markets initiated coverage on shares of Chevron Corp. in a research report on Monday, September 12th. They set an “outperform” rating and a $120.00 price target on the stock. Finally, Piper Jaffray Cos. raised shares of Chevron Corp. from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $110.00 to $117.00 in a research report on Tuesday, August 9th. Thirteen investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $105.09.
In related news, insider Joseph C. Geagea sold 26,000 shares of the company’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $102.50, for a total transaction of $2,665,000.00. Following the completion of the transaction, the insider now directly owns 13,000 shares in the company, valued at approximately $1,332,500. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Inge G. Thulin acquired 487 shares of the stock in a transaction that occurred on Monday, August 15th. The shares were bought at an average price of $102.87 per share, with a total value of $50,097.69. The disclosure for this purchase can be found here. Corporate insiders own 0.40% of the company’s stock.
Chevron Corp. Company Profile
Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream.
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