Daiwa Securities Group Inc. grew its holdings in shares of Chevron Co. (NYSE:CVX) by 5.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,816 shares of the oil and gas company’s stock after purchasing an additional 3,808 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Chevron were worth $8,908,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Korea Investment CORP boosted its position in shares of Chevron by 5.1% in the second quarter. Korea Investment CORP now owns 1,476,610 shares of the oil and gas company’s stock valued at $154,055,000 after acquiring an additional 72,173 shares during the period. Numeric Investors LLC boosted its position in shares of Chevron by 158.4% in the second quarter. Numeric Investors LLC now owns 52,200 shares of the oil and gas company’s stock valued at $5,446,000 after acquiring an additional 32,000 shares during the period. Palisade Asset Management LLC boosted its position in shares of Chevron by 20.5% in the second quarter. Palisade Asset Management LLC now owns 109,154 shares of the oil and gas company’s stock valued at $11,388,000 after acquiring an additional 18,541 shares during the period. Toronto Dominion Bank boosted its position in shares of Chevron by 24.7% in the second quarter. Toronto Dominion Bank now owns 660,443 shares of the oil and gas company’s stock valued at $68,894,000 after acquiring an additional 130,990 shares during the period. Finally, Meeder Asset Management Inc. boosted its position in shares of Chevron by 124.9% in the second quarter. Meeder Asset Management Inc. now owns 48,670 shares of the oil and gas company’s stock valued at $5,077,000 after acquiring an additional 27,034 shares during the period. Hedge funds and other institutional investors own 63.84% of the company’s stock.

A number of equities analysts have recently commented on the stock. Vetr lowered shares of Chevron from a “buy” rating to a “hold” rating and set a $134.35 price objective for the company. in a research report on Thursday, January 11th. BMO Capital Markets upgraded shares of Chevron from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $120.00 to $140.00 in a research report on Thursday, January 11th. Bank of America lowered shares of Chevron from a “buy” rating to a “neutral” rating and set a $125.00 price objective for the company. in a research report on Thursday, January 4th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Wednesday, December 27th. Finally, Scotiabank restated a “buy” rating and issued a $130.00 price objective on shares of Chevron in a research report on Friday, December 22nd. Three equities research 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 company currently has a consensus rating of “Hold” and a consensus price target of $126.06.

In other Chevron news, insider Pierre R. Breber sold 23,250 shares of Chevron stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $119.00, for a total transaction of $2,766,750.00. Following the transaction, the insider now directly owns 42,182 shares of the company’s stock, valued at $5,019,658. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Michael K. Wirth sold 1,229 shares of Chevron stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $118.00, for a total transaction of $145,022.00. Following the transaction, the insider now directly owns 1,229 shares in the company, valued at $145,022. The disclosure for this sale can be found here. Insiders have sold 288,500 shares of company stock worth $33,480,822 over the last three months. Insiders own 0.38% of the company’s stock.

Shares of Chevron Co. (NYSE CVX) opened at $132.01 on Wednesday. The firm has a market cap of $253,756.36, a P/E ratio of 38.49, a P/E/G ratio of 2.95 and a beta of 1.21. Chevron Co. has a one year low of $102.55 and a one year high of $133.88. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 0.84.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, October 27th. The oil and gas company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.99 by $0.04. The firm had revenue of $36.21 billion for the quarter, compared to the consensus estimate of $34.06 billion. Chevron had a net margin of 4.79% and a return on equity of 4.59%. The business’s revenue was up 20.1% compared to the same quarter last year. During the same period last year, the firm posted $0.68 earnings per share. equities analysts anticipate that Chevron Co. will post 4.35 EPS for the current fiscal year.

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

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