Landmark Bank bought a new stake in Chevron Co. (NYSE:CVX) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 26,434 shares of the oil and gas company’s stock, valued at approximately $3,342,000. Chevron accounts for about 2.2% of Landmark Bank’s holdings, making the stock its 13th biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Live Your Vision LLC boosted its stake in shares of Chevron by 308.0% in the 2nd quarter. Live Your Vision LLC now owns 816 shares of the oil and gas company’s stock valued at $101,000 after purchasing an additional 616 shares in the last quarter. Advisors Preferred LLC acquired a new stake in shares of Chevron in the 1st quarter valued at approximately $110,000. Litman Gregory Asset Management LLC boosted its stake in shares of Chevron by 566.9% in the 1st quarter. Litman Gregory Asset Management LLC now owns 1,147 shares of the oil and gas company’s stock valued at $131,000 after purchasing an additional 975 shares in the last quarter. Point72 Asia Hong Kong Ltd boosted its stake in shares of Chevron by 20,716.7% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 1,249 shares of the oil and gas company’s stock valued at $142,000 after purchasing an additional 1,243 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. boosted its stake in shares of Chevron by 45.4% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 1,479 shares of the oil and gas company’s stock valued at $187,000 after purchasing an additional 462 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:CVX opened at $117.47 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.87 and a current ratio of 1.08. Chevron Co. has a one year low of $108.02 and a one year high of $133.88. The company has a market cap of $234.31 billion, a P/E ratio of 31.75, a price-to-earnings-growth ratio of 2.14 and a beta of 1.07.

Chevron (NYSE:CVX) last posted its earnings results on Friday, July 27th. The oil and gas company reported $1.78 EPS for the quarter, missing the consensus estimate of $2.09 by ($0.31). Chevron had a return on equity of 6.89% and a net margin of 7.87%. The business had revenue of $42.24 billion for the quarter, compared to analyst estimates of $46.62 billion. During the same quarter in the prior year, the business earned $0.77 earnings per share. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. On average, analysts expect that Chevron Co. will post 8.17 earnings per share for the current fiscal year.

In related news, insider James William Johnson sold 4,750 shares of Chevron stock in a transaction that occurred on Thursday, October 11th. The shares were sold at an average price of $119.97, for a total transaction of $569,857.50. Following the sale, the insider now directly owns 4,750 shares in the company, valued at approximately $569,857.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.46% of the stock is owned by company insiders.

A number of equities research analysts have recently weighed in on the stock. Goldman Sachs Group restated a “buy” rating and issued a $141.00 price target on shares of Chevron in a research note on Tuesday, July 31st. Barclays raised their price target on shares of Chevron from $145.00 to $148.00 and gave the company an “overweight” rating in a research note on Wednesday, July 11th. Royal Bank of Canada restated a “neutral” rating and issued a $145.00 price target on shares of Chevron in a research note on Monday, July 2nd. ValuEngine downgraded shares of Chevron from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Finally, Redburn Partners downgraded shares of Chevron from a “buy” rating to a “neutral” rating and reduced their price target for the company from $130.00 to $115.00 in a research note on Wednesday, October 3rd. Nine equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $137.17.

Chevron Company Profile

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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