Jaffetilchin Investment Partners LLC increased its position in shares of Chevron Co. (NYSE:CVX) by 35.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,011 shares of the oil and gas company’s stock after acquiring an additional 1,825 shares during the period. Jaffetilchin Investment Partners LLC owned approximately 3.70% of Chevron worth $824,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Shine Investment Advisory Services Inc. acquired a new stake in Chevron during the 2nd quarter worth about $106,000. Winfield Associates Inc. boosted its position in Chevron by 5.1% during the 2nd quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock worth $136,000 after acquiring an additional 63 shares during the period. Daiwa SB Investments Ltd. boosted its position in Chevron by 438.5% during the 2nd quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after acquiring an additional 1,140 shares during the period. Acrospire Investment Management LLC boosted its position in Chevron by 133.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after acquiring an additional 800 shares during the period. Finally, Accurate Investment Solutions Inc. boosted its position in Chevron by 59.1% during the 3rd quarter. Accurate Investment Solutions Inc. now owns 1,352 shares of the oil and gas company’s stock worth $159,000 after acquiring an additional 502 shares during the period. 63.84% of the stock is currently owned by hedge funds and other institutional investors.

Chevron Co. (NYSE CVX) opened at $131.59 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. Chevron Co. has a one year low of $102.55 and a one year high of $133.88. The firm has a market capitalization of $249,940.00, a P/E ratio of 38.36, a P/E/G ratio of 2.84 and a beta of 1.21.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.03 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $34.06 billion. During the same period last year, the business earned $0.68 EPS. The firm’s revenue was up 20.1% compared to the same quarter last year. research analysts predict that Chevron Co. will post 4.35 earnings per share for the current fiscal year.

A number of equities research analysts have commented on CVX shares. Wells Fargo & Co restated a “market perform” rating and set a $108.00 price objective (up from $100.00) on shares of Chevron in a research report on Tuesday, October 3rd. Bank of America restated a “buy” rating and set a $125.00 price objective (up from $120.00) on shares of Chevron in a research report on Tuesday, October 3rd. Jefferies Group reiterated a “buy” rating and set a $130.00 price target on shares of Chevron in a report on Tuesday, October 3rd. Barclays lifted their price target on Chevron from $120.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday, October 10th. Finally, Wolfe Research upgraded Chevron from a “market perform” rating to an “outperform” rating in a report on Monday, October 16th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $126.06.

In other Chevron news, CFO Patricia E. Yarrington sold 116,857 shares of Chevron stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $115.29, for a total value of $13,472,443.53. Following the transaction, the chief financial officer now directly owns 39,506 shares of the company’s stock, valued at approximately $4,554,646.74. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Patricia E. Yarrington sold 13,143 shares of Chevron stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $115.01, for a total value of $1,511,576.43. Following the completion of the transaction, the chief financial officer now directly owns 17,981 shares in the company, valued at $2,067,994.81. The disclosure for this sale can be found here. Insiders sold a total of 288,500 shares of company stock worth $33,480,822 over the last three months. 0.38% of the stock is owned by company insiders.

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About Chevron

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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