Winslow Evans & Crocker Inc. Boosts Stake in Chevron Corporation (CVX)

Winslow Evans & Crocker Inc. lifted its holdings in Chevron Corporation (NYSE:CVX) by 2.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,613 shares of the oil and gas company’s stock after buying an additional 607 shares during the period. Chevron Corporation comprises 0.8% of Winslow Evans & Crocker Inc.’s holdings, making the stock its 29th largest holding. Winslow Evans & Crocker Inc.’s holdings in Chevron Corporation were worth $2,778,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. State Street Corp increased its holdings in shares of Chevron Corporation by 1.1% in the 1st quarter. State Street Corp now owns 118,769,549 shares of the oil and gas company’s stock worth $12,752,287,000 after buying an additional 1,261,078 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Chevron Corporation by 1.0% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,721,044 shares of the oil and gas company’s stock valued at $614,268,000 after purchasing an additional 54,154 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Chevron Corporation by 4.0% during the 2nd quarter. Fisher Asset Management LLC now owns 3,799,120 shares of the oil and gas company’s stock valued at $396,362,000 after purchasing an additional 147,750 shares during the last quarter. Thomaspartners Inc. grew its holdings in Chevron Corporation by 30.5% during the 1st quarter. Thomaspartners Inc. now owns 2,815,231 shares of the oil and gas company’s stock valued at $302,271,000 after purchasing an additional 657,826 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in Chevron Corporation by 0.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 2,173,646 shares of the oil and gas company’s stock valued at $233,274,000 after purchasing an additional 19,944 shares during the last quarter. Hedge funds and other institutional investors own 62.73% of the company’s stock.

In other Chevron Corporation news, CFO Patricia E. Yarrington sold 39,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $111.00, for a total value of $4,329,000.00. Following the transaction, the chief financial officer now directly owns 43,838 shares of the company’s stock, valued at approximately $4,866,018. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James William Johnson sold 31,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $110.68, for a total transaction of $3,431,080.00. Following the completion of the transaction, the insider now directly owns 11,000 shares in the company, valued at $1,217,480. The disclosure for this sale can be found here. Insiders sold a total of 72,312 shares of company stock worth $8,008,343 over the last three months. 0.38% of the stock is currently owned by corporate insiders.

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Chevron Corporation (CVX) traded down 0.15% during mid-day trading on Thursday, hitting $119.15. 2,231,793 shares of the stock were exchanged. The company has a 50 day moving average price of $113.95 and a 200 day moving average price of $108.14. The firm has a market cap of $225.79 billion, a price-to-earnings ratio of 38.63 and a beta of 1.24. Chevron Corporation has a 52-week low of $99.61 and a 52-week high of $119.82.

Chevron Corporation (NYSE:CVX) last announced its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.02. The company had revenue of $34.48 billion for the quarter, compared to analysts’ expectations of $32.77 billion. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. Chevron Corporation’s revenue was up 17.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.78) EPS. On average, analysts anticipate that Chevron Corporation will post $3.99 EPS for the current year.

Several brokerages recently commented on CVX. Credit Suisse Group set a $123.00 price target on shares of Chevron Corporation and gave the company a “buy” rating in a report on Friday, August 25th. Citigroup Inc. lowered their price objective on shares of Chevron Corporation from $129.00 to $118.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Barclays PLC raised shares of Chevron Corporation to an “overweight” rating in a research report on Wednesday. BMO Capital Markets set a $120.00 price objective on shares of Chevron Corporation and gave the company a “buy” rating in a research report on Sunday, July 30th. Finally, BidaskClub raised shares of Chevron Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $117.07.

Chevron Corporation 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.

Institutional Ownership by Quarter for Chevron Corporation (NYSE:CVX)

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