Norway Savings Bank increased its position in Chevron Co. (NYSE:CVX) by 0.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,471 shares of the oil and gas company’s stock after acquiring an additional 176 shares during the period. Norway Savings Bank’s holdings in Chevron were worth $1,402,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Capital International Investors boosted its position in Chevron by 12.9% in the first quarter. Capital International Investors now owns 36,799,529 shares of the oil and gas company’s stock worth $2,666,493,000 after purchasing an additional 4,218,942 shares during the last quarter. State Street Corp lifted its stake in shares of Chevron by 2.6% in the 1st quarter. State Street Corp now owns 117,055,351 shares of the oil and gas company’s stock worth $8,481,831,000 after purchasing an additional 2,914,316 shares during the period. Advisor Group Holdings Inc. bought a new position in shares of Chevron in the 1st quarter worth approximately $52,425,000. London Co. of Virginia boosted its holdings in shares of Chevron by 53.8% in the second quarter. London Co. of Virginia now owns 2,499,299 shares of the oil and gas company’s stock worth $223,012,000 after buying an additional 873,787 shares during the last quarter. Finally, TD Asset Management Inc. grew its position in Chevron by 43.4% during the second quarter. TD Asset Management Inc. now owns 2,491,366 shares of the oil and gas company’s stock valued at $222,304,000 after buying an additional 753,910 shares during the period. Institutional investors own 64.01% of the company’s stock.

NYSE:CVX opened at $72.89 on Friday. The business’s 50-day moving average is $76.82 and its 200 day moving average is $85.44. Chevron Co. has a 12 month low of $51.60 and a 12 month high of $122.94. The company has a market capitalization of $136.11 billion, a P/E ratio of -15.64, a P/E/G ratio of 2,483.67 and a beta of 1.26. The company has a current ratio of 1.14, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, July 31st. The oil and gas company reported ($1.59) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.93) by ($0.66). Chevron had a positive return on equity of 3.61% and a negative net margin of 7.41%. The firm had revenue of $13.95 billion for the quarter, compared to analysts’ expectations of $21.71 billion. During the same period last year, the company earned $1.77 earnings per share. The firm’s revenue was down 64.1% on a year-over-year basis. On average, research analysts forecast that Chevron Co. will post 0.01 earnings per share for the current year.

CVX has been the topic of several analyst reports. Morgan Stanley lifted their price target on shares of Chevron from $104.00 to $108.00 and gave the stock an “overweight” rating in a research note on Friday, August 21st. Jefferies Financial Group reissued a “buy” rating and set a $108.00 price target on shares of Chevron in a report on Tuesday, August 11th. Zacks Investment Research raised Chevron from a “hold” rating to a “strong-buy” rating and set a $105.00 price objective on the stock in a research note on Wednesday, July 22nd. MKM Partners assumed coverage on Chevron in a research report on Thursday, September 24th. They set a “buy” rating and a $121.00 price objective on the stock. Finally, Raymond James increased their target price on shares of Chevron from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, July 20th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Chevron currently has an average rating of “Buy” and a consensus price target of $107.27.

In other Chevron news, insider David A. Inchausti sold 5,750 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $92.00, for a total transaction of $529,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.28% of the stock is owned by corporate insiders.

Chevron 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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