Wrapmanager Inc. boosted its stake in shares of Chevron Co. (NYSE:CVX) by 12.3% during the third quarter, HoldingsChannel reports. The firm owned 19,484 shares of the oil and gas company’s stock after purchasing an additional 2,132 shares during the quarter. Chevron makes up about 0.8% of Wrapmanager Inc.’s investment portfolio, making the stock its 25th biggest position. Wrapmanager Inc.’s holdings in Chevron were worth $2,289,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of CVX. Korea Investment CORP boosted its holdings in 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 worth $154,055,000 after acquiring an additional 72,173 shares in the last quarter. Numeric Investors LLC boosted its holdings in Chevron by 158.4% in the second quarter. Numeric Investors LLC now owns 52,200 shares of the oil and gas company’s stock worth $5,446,000 after acquiring an additional 32,000 shares in the last quarter. Palisade Asset Management LLC boosted its holdings in 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 worth $11,388,000 after acquiring an additional 18,541 shares in the last quarter. Toronto Dominion Bank boosted its holdings in Chevron by 24.7% in the second quarter. Toronto Dominion Bank now owns 660,443 shares of the oil and gas company’s stock worth $68,894,000 after acquiring an additional 130,990 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its holdings in 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 worth $5,077,000 after acquiring an additional 27,034 shares in the last quarter. 63.87% of the stock is currently owned by institutional investors.

Chevron Co. (NYSE CVX) opened at $131.30 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $249,387.80, a P/E ratio of 38.28, a P/E/G ratio of 2.80 and a beta of 1.21. Chevron Co. has a 12-month low of $102.55 and a 12-month high of $133.88.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.03 EPS for the quarter, beating the 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 company had revenue of $36.21 billion for the quarter, compared to analyst estimates of $34.06 billion. During the same period last year, the company earned $0.68 earnings per share. Chevron’s quarterly revenue was up 20.1% compared to the same quarter last year. equities analysts predict that Chevron Co. will post 4.37 EPS for the current year.

In other Chevron news, CFO Patricia E. Yarrington sold 13,143 shares of the firm’s 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 sale, the chief financial officer now directly owns 17,981 shares of the company’s stock, valued at $2,067,994.81. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Michael K. Wirth sold 1,229 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $118.00, for a total value of $145,022.00. Following the completion of the sale, the insider now directly owns 1,229 shares in the company, valued at $145,022. The disclosure for this sale can be found here. Over the last three months, insiders sold 288,500 shares of company stock worth $33,480,822. 0.38% of the stock is owned by corporate insiders.

Several equities research analysts have weighed in on the company. HSBC downgraded Chevron from a “buy” rating to a “hold” rating in a report on Thursday. Zacks Investment Research downgraded Chevron from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 17th. Vetr downgraded Chevron from a “buy” rating to a “hold” rating and set a $134.35 price target for the company. in a report on Thursday, January 11th. Bank of America downgraded Chevron from a “buy” rating to a “neutral” rating and set a $125.00 price target for the company. in a report on Thursday, January 4th. They noted that the move was a valuation call. Finally, Jefferies Group restated a “buy” rating and issued a $137.00 price objective on shares of Chevron in a research note on Thursday, October 19th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the stock. Chevron presently has a consensus rating of “Hold” and an average target price of $126.06.

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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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