Chevron Co. (CVX) Holdings Trimmed by Hallmark Capital Management Inc.

Hallmark Capital Management Inc. lessened its stake in Chevron Co. (NYSE:CVX) by 1.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 152,869 shares of the oil and gas company’s stock after selling 2,848 shares during the quarter. Chevron makes up 2.4% of Hallmark Capital Management Inc.’s holdings, making the stock its 7th biggest position. Hallmark Capital Management Inc.’s holdings in Chevron were worth $19,327,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Live Your Vision LLC boosted its holdings 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 buying an additional 616 shares during 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 holdings 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 buying an additional 975 shares during the last quarter. Point72 Asia Hong Kong Ltd boosted its holdings 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 buying an additional 1,243 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. boosted its holdings 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 buying an additional 462 shares during the last quarter. 64.60% of the stock is owned by institutional investors.

CVX stock opened at $118.14 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.87 and a debt-to-equity ratio of 0.20. The firm has a market cap of $224.74 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 2.04 and a beta of 1.07. Chevron Co. has a fifty-two week low of $108.02 and a fifty-two week high of $133.88.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, July 27th. The oil and gas company reported $1.78 earnings per share for the quarter, missing the consensus estimate of $2.09 by ($0.31). The firm had revenue of $42.24 billion for the quarter, compared to the consensus estimate of $46.62 billion. Chevron had a return on equity of 6.89% and a net margin of 7.87%. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.77 EPS. As a group, equities analysts expect that Chevron Co. will post 8.23 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on CVX shares. 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. Credit Suisse Group set a $132.00 price target on Chevron and gave the company a “hold” rating in a research note on Sunday, July 1st. Macquarie cut Chevron from an “outperform” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research note on Tuesday, July 3rd. Barclays increased their price target on Chevron from $145.00 to $148.00 and gave the company an “overweight” rating in a research note on Wednesday, July 11th. Finally, Zacks Investment Research cut Chevron from a “buy” rating to a “hold” rating in a research note on Monday, July 23rd. Nine analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $137.17.

In other Chevron news, insider James William Johnson sold 4,750 shares of the stock in a transaction on Thursday, October 11th. The stock was sold at an average price of $119.97, for a total transaction of $569,857.50. Following the transaction, the insider now owns 4,750 shares in the company, valued at approximately $569,857.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.38% of the stock is owned by company 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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