Rockland Trust Co. boosted its position in Chevron Co. (NYSE:CVX) by 6.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 154,306 shares of the oil and gas company’s stock after purchasing an additional 9,555 shares during the quarter. Chevron comprises about 2.7% of Rockland Trust Co.’s holdings, making the stock its 6th largest position. Rockland Trust Co.’s holdings in Chevron were worth $18,131,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Pathstone Family Office LLC raised its stake in Chevron by 2.5% in the 2nd quarter. Pathstone Family Office LLC now owns 813 shares of the oil and gas company’s stock valued at $2,170,000 after purchasing an additional 20 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new position in Chevron in the 2nd quarter valued at about $106,000. Winfield Associates Inc. raised its stake in Chevron by 5.1% in the 2nd quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock valued at $136,000 after purchasing an additional 63 shares during the last quarter. Accurate Investment Solutions Inc. raised its stake in Chevron by 59.1% in the 3rd quarter. Accurate Investment Solutions Inc. now owns 1,352 shares of the oil and gas company’s stock valued at $159,000 after purchasing an additional 502 shares during the last quarter. Finally, Daiwa SB Investments Ltd. raised its stake in Chevron by 438.5% in the 2nd quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock valued at $146,000 after purchasing an additional 1,140 shares during the last quarter. 63.80% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently weighed in on CVX. Barclays raised shares of Chevron to an “overweight” rating in a research note on Wednesday, October 11th. Vetr downgraded shares of Chevron from a “buy” rating to a “hold” rating and set a $134.35 price objective for the company. in a research note on Thursday. Zacks Investment Research raised shares of Chevron from a “hold” rating to a “buy” rating and set a $129.00 price objective for the company in a research note on Friday, November 17th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Chevron in a research note on Saturday, September 16th. Finally, Cowen reaffirmed a “buy” rating and set a $122.00 price objective on shares of Chevron in a research note on Tuesday, September 19th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $126.06.

In other news, VP R. Hewitt Pate sold 25,500 shares of the business’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $120.00, for a total transaction of $3,060,000.00. Following the completion of the sale, the vice president now owns 25,500 shares in the company, valued at approximately $3,060,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Pierre R. Breber sold 23,250 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $116.85, for a total value of $2,716,762.50. The disclosure for this sale can be found here. Insiders have sold a total of 314,000 shares of company stock valued at $36,540,822 in the last quarter. Company insiders own 0.38% of the company’s stock.

Shares of Chevron Co. (CVX) opened at $133.60 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.23. Chevron Co. has a fifty-two week low of $102.55 and a fifty-two week high of $133.85. The stock has a market capitalization of $253,756.38, a PE ratio of 38.95, a PEG ratio of 2.98 and a beta of 1.21.

Chevron (NYSE:CVX) last issued its earnings results on Friday, October 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.04. Chevron had a return on equity of 4.59% and a net margin of 4.79%. The business had revenue of $36.21 billion during the quarter, compared to analysts’ expectations of $34.06 billion. During the same quarter in the previous year, the business earned $0.68 EPS. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. research analysts expect that Chevron Co. will post 4.35 earnings per share for the current fiscal year.

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Chevron 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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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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