Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Chevron Co. (NYSE:CVX) by 35.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,653 shares of the oil and gas company’s stock after acquiring an additional 700 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Chevron were worth $312,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CVX. Vanguard Group Inc. boosted its holdings in shares of Chevron by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 139,626,287 shares of the oil and gas company’s stock valued at $14,567,210,000 after buying an additional 3,920,240 shares during the period. BlackRock Inc. boosted its holdings in shares of Chevron by 1.6% in the 2nd quarter. BlackRock Inc. now owns 124,678,992 shares of the oil and gas company’s stock valued at $13,007,759,000 after buying an additional 1,975,865 shares during the period. Capital World Investors boosted its holdings in shares of Chevron by 9.8% in the 2nd quarter. Capital World Investors now owns 35,546,848 shares of the oil and gas company’s stock valued at $3,708,603,000 after buying an additional 3,182,250 shares during the period. Northern Trust Corp boosted its holdings in shares of Chevron by 0.6% in the 2nd quarter. Northern Trust Corp now owns 26,153,161 shares of the oil and gas company’s stock valued at $2,728,558,000 after buying an additional 157,021 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of Chevron by 0.3% in the 2nd quarter. Franklin Resources Inc. now owns 15,609,647 shares of the oil and gas company’s stock valued at $1,628,554,000 after buying an additional 49,083 shares during the period. 63.84% of the stock is owned by institutional investors.

In other Chevron news, EVP Michael K. Wirth sold 110,771 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $116.17, for a total transaction of $12,868,267.07. Following the sale, the executive vice president now directly owns 110,771 shares in the company, valued at approximately $12,868,267.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Pierre R. Breber sold 23,250 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $116.85, for a total transaction of $2,716,762.50. The disclosure for this sale can be found here. Insiders have sold a total of 288,500 shares of company stock worth $33,480,822 over the last 90 days. 0.38% of the stock is owned by insiders.

Several research analysts have recently commented on the stock. Vetr lowered shares of Chevron from a “buy” rating to a “hold” rating and set a $134.35 price target for the company. in a report on Thursday, January 11th. BMO Capital Markets raised shares of Chevron from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $120.00 to $140.00 in a report on Thursday, January 11th. Bank of America lowered shares of Chevron from a “buy” rating to a “neutral” rating and set a $125.00 price target for the company. in a report on Thursday, January 4th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Chevron from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a report on Wednesday, December 27th. Finally, Scotiabank reaffirmed a “buy” rating and issued a $130.00 price target on shares of Chevron in a report on Friday, December 22nd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $126.06.

Shares of Chevron Co. (CVX) opened at $133.60 on Tuesday. The firm has a market cap of $253,756.36, a PE ratio of 38.95, a P/E/G ratio of 2.95 and a beta of 1.21. Chevron Co. has a 52-week low of $102.55 and a 52-week high of $133.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 0.84.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, October 27th. The oil and gas company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $34.06 billion. During the same period in the previous year, the firm earned $0.68 EPS. Chevron’s revenue was up 20.1% on a year-over-year basis. equities analysts predict that Chevron Co. will post 4.35 earnings per share for the current year.

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Chevron 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.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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