First National Bank of Omaha Sells 182,973 Shares of Chevron Co. (CVX)

First National Bank of Omaha lowered its stake in shares of Chevron Co. (NYSE:CVX) by 98.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,000 shares of the oil and gas company’s stock after selling 182,973 shares during the period. First National Bank of Omaha’s holdings in Chevron were worth $308,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CVX. CKW Financial Group boosted its holdings in Chevron by 123.5% in the 4th quarter. CKW Financial Group now owns 362 shares of the oil and gas company’s stock worth $39,000 after buying an additional 200 shares during the last quarter. Highwater Wealth Management LLC acquired a new stake in Chevron in the 4th quarter worth about $51,000. Ironwood Financial llc boosted its holdings in Chevron by 94.2% in the 4th quarter. Ironwood Financial llc now owns 538 shares of the oil and gas company’s stock worth $59,000 after buying an additional 261 shares during the last quarter. Arlington Partners LLC boosted its holdings in Chevron by 237.2% in the 4th quarter. Arlington Partners LLC now owns 853 shares of the oil and gas company’s stock worth $93,000 after buying an additional 600 shares during the last quarter. Finally, Canton Hathaway LLC acquired a new stake in Chevron in the 3rd quarter worth about $141,000. Institutional investors and hedge funds own 66.07% of the company’s stock.

In related news, insider Jeanette L. Ourada sold 7,200 shares of the company’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $116.50, for a total value of $838,800.00. Following the transaction, the insider now directly owns 7,200 shares in the company, valued at $838,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James William Johnson sold 4,750 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $125.60, for a total value of $596,600.00. Following the completion of the transaction, the insider now owns 4,750 shares in the company, valued at $596,600. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,700 shares of company stock worth $2,028,390. Insiders own 0.46% of the company’s stock.

Several research firms recently issued reports on CVX. Zacks Investment Research upgraded Chevron from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 29th. Citigroup lifted their price objective on Chevron from $135.00 to $142.00 and gave the stock a “buy” rating in a report on Monday. Royal Bank of Canada reiterated a “hold” rating and issued a $130.00 price objective on shares of Chevron in a report on Monday, January 7th. Morgan Stanley began coverage on Chevron in a report on Monday, April 1st. They issued an “overweight” rating and a $146.00 price objective on the stock. Finally, Societe Generale lowered their price objective on Chevron from $150.00 to $128.00 and set a “buy” rating on the stock in a report on Wednesday, December 19th. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Chevron presently has an average rating of “Buy” and an average target price of $136.20.

Shares of Chevron stock opened at $120.14 on Tuesday. The company has a market cap of $227.55 billion, a PE ratio of 15.26, a P/E/G ratio of 3.56 and a beta of 1.03. Chevron Co. has a 1-year low of $100.22 and a 1-year high of $131.08. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.04 and a current ratio of 1.25.

Chevron (NYSE:CVX) last issued its earnings results on Friday, February 1st. The oil and gas company reported $1.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.08. The business had revenue of $42.35 billion for the quarter, compared to analysts’ expectations of $41.46 billion. Chevron had a return on equity of 9.78% and a net margin of 8.91%. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.64 EPS. As a group, analysts expect that Chevron Co. will post 6.76 earnings per share for the current fiscal year.

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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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