Janney Capital Management LLC Buys 36,921 Shares of Chevron Corp. (CVX)
Janney Capital Management LLC increased its stake in Chevron Corp. (NYSE:CVX) by 12.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 328,244 shares of the company’s stock after buying an additional 36,921 shares during the period. Chevron Corp. accounts for 1.8% of Janney Capital Management LLC’s investment portfolio, making the stock its 11th largest position. Janney Capital Management LLC’s holdings in Chevron Corp. were worth $34,409,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in CVX. FirstMerit Bank N A Trustee increased its stake in shares of Chevron Corp. by 1.6% in the first quarter. FirstMerit Bank N A Trustee now owns 182,689 shares of the company’s stock valued at $17,428,000 after buying an additional 2,793 shares during the period. Benin Management CORP increased its stake in shares of Chevron Corp. by 53.8% in the first quarter. Benin Management CORP now owns 14,014 shares of the company’s stock valued at $1,337,000 after buying an additional 4,900 shares during the period. Carl Domino Inc increased its stake in shares of Chevron Corp. by 11.9% in the first quarter. Carl Domino Inc now owns 6,799 shares of the company’s stock valued at $649,000 after buying an additional 725 shares during the period. Narwhal Capital Management increased its stake in shares of Chevron Corp. by 4.8% in the first quarter. Narwhal Capital Management now owns 21,670 shares of the company’s stock valued at $2,067,000 after buying an additional 1,000 shares during the period. Finally, Boston Advisors LLC increased its stake in shares of Chevron Corp. by 2.0% in the first quarter. Boston Advisors LLC now owns 48,827 shares of the company’s stock valued at $4,658,000 after buying an additional 939 shares during the period. 62.24% of the stock is currently owned by institutional investors and hedge funds.
Chevron Corp. (NYSE:CVX) traded up 0.29% during trading on Friday, hitting $101.08. The company had a trading volume of 5,114,718 shares. The stock’s market capitalization is $190.69 billion. Chevron Corp. has a one year low of $75.33 and a one year high of $107.58. The stock has a 50-day moving average of $101.00 and a 200-day moving average of $101.27.
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 Thomson Reuters’ consensus estimate of $0.32 by $1.10. The business had revenue of $29.28 billion for the quarter, compared to analyst estimates of $25.78 billion. Chevron Corp. had a positive return on equity of 1.07% and a negative net margin of 0.64%. The business’s quarterly revenue was down 27.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 EPS. On average, equities analysts anticipate that Chevron Corp. will post $1.31 EPS for the current year.
Several analysts recently issued reports on CVX shares. Vetr downgraded Chevron Corp. from a “buy” rating to a “hold” rating and set a $106.39 price target on the stock. in a report on Monday, June 20th. Jefferies Group reaffirmed a “buy” rating and set a $116.00 target price (up previously from $114.00) on shares of Chevron Corp. in a research note on Wednesday, July 6th. Zacks Investment Research raised Chevron Corp. from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a research note on Tuesday, July 12th. Barclays PLC reaffirmed an “equal weight” rating and set a $125.00 target price on shares of Chevron Corp. in a research note on Thursday, July 28th. Finally, Piper Jaffray Cos. raised Chevron Corp. from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $110.00 to $117.00 in a research note on Tuesday, August 9th. Thirteen analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Chevron Corp. has an average rating of “Buy” and a consensus price target of $105.89.
In other Chevron Corp. news, Director Inge G. Thulin acquired 487 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The shares were acquired at an average price of $102.87 per share, with a total value of $50,097.69. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Pierre R. Breber sold 21,000 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $98.77, for a total value of $2,074,170.00. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.
About Chevron Corp.
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.
Receive News & Ratings for Chevron Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron Corp. and related companies with MarketBeat.com's FREE daily email newsletter.