Chevron Co. (CVX) Shares Sold by Old Mutual Global Investors UK Ltd.

Old Mutual Global Investors UK Ltd. lessened its stake in shares of Chevron Co. (NYSE:CVX) by 60.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,496 shares of the oil and gas company’s stock after selling 62,721 shares during the period. Old Mutual Global Investors UK Ltd.’s holdings in Chevron were worth $4,875,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DnB Asset Management AS raised its holdings in Chevron by 2.6% in the 2nd quarter. DnB Asset Management AS now owns 87,400 shares of the oil and gas company’s stock valued at $9,118,000 after acquiring an additional 2,200 shares during the last quarter. Stillwater Investment Management LLC raised its holdings in Chevron by 1.0% in the 2nd quarter. Stillwater Investment Management LLC now owns 2,577 shares of the oil and gas company’s stock valued at $269,000 after acquiring an additional 26 shares during the last quarter. Triangle Securities Wealth Management raised its holdings in Chevron by 0.3% in the 2nd quarter. Triangle Securities Wealth Management now owns 13,861 shares of the oil and gas company’s stock valued at $1,446,000 after acquiring an additional 35 shares during the last quarter. West Oak Capital LLC raised its holdings in Chevron by 2.1% in the 2nd quarter. West Oak Capital LLC now owns 21,061 shares of the oil and gas company’s stock valued at $2,197,000 after acquiring an additional 440 shares during the last quarter. Finally, First National Bank of Mount Dora Trust Investment Services raised its holdings in Chevron by 1.3% in the 2nd quarter. First National Bank of Mount Dora Trust Investment Services now owns 12,757 shares of the oil and gas company’s stock valued at $1,331,000 after acquiring an additional 166 shares during the last quarter. Hedge funds and other institutional investors own 63.80% of the company’s stock.

Chevron Co. (NYSE:CVX) opened at $133.60 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.23. Chevron Co. has a 1 year low of $102.55 and a 1 year high of $133.85. The firm has a market cap of $253,760.00, a P/E ratio of 38.95, a P/E/G ratio of 2.97 and a beta of 1.21.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, October 27th. The oil and gas company reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.04. Chevron had a net margin of 4.79% and a return on equity of 4.59%. The company had revenue of $36.21 billion during the quarter, compared to analysts’ expectations of $34.06 billion. During the same quarter last year, the company posted $0.68 EPS. The firm’s revenue was up 20.1% compared to the same quarter last year. analysts expect that Chevron Co. will post 4.35 earnings per share for the current fiscal 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 shares were 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 owns 17,981 shares of the company’s stock, valued at approximately $2,067,994.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP R. Hewitt Pate sold 25,500 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $120.00, for a total transaction of $3,060,000.00. Following the completion of the transaction, the vice president now directly owns 25,500 shares of the company’s stock, valued at approximately $3,060,000. The disclosure for this sale can be found here. Insiders sold a total of 314,000 shares of company stock valued at $36,540,822 in the last three months. 0.38% of the stock is currently owned by corporate insiders.

A number of research firms have commented on CVX. BMO Capital Markets upgraded shares of Chevron from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $120.00 to $140.00 in a report on Thursday. Vetr downgraded shares of Chevron from a “buy” rating to a “hold” rating and set a $134.35 price objective for the company. in a report on Thursday. JPMorgan Chase & Co. restated an “overweight” rating on shares of Chevron in a report on Saturday, September 16th. Credit Suisse Group initiated coverage on shares of Chevron in a report on Monday, December 11th. They set a “neutral” rating and a $123.00 price target for the company. Finally, Cowen restated a “buy” rating and set a $122.00 price target on shares of Chevron in a report on Tuesday, September 19th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the stock. Chevron has a consensus rating of “Hold” and an average price target of $126.06.

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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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