Chevron Corporation (NYSE:CVX) Shares Purchased by Argent Trust Co

Argent Trust Co increased its holdings in shares of Chevron Corporation (NYSE:CVXFree Report) by 0.2% during the 1st quarter, Holdings Channel.com reports. The fund owned 186,077 shares of the oil and gas company’s stock after buying an additional 279 shares during the period. Chevron makes up approximately 1.3% of Argent Trust Co’s portfolio, making the stock its 14th biggest position. Argent Trust Co’s holdings in Chevron were worth $31,129,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CVX. Harvest Fund Management Co. Ltd increased its stake in shares of Chevron by 420.7% in the first quarter. Harvest Fund Management Co. Ltd now owns 151 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 122 shares during the period. 10Elms LLP acquired a new stake in shares of Chevron in the fourth quarter valued at approximately $29,000. Navigoe LLC acquired a new stake in shares of Chevron in the fourth quarter valued at approximately $33,000. IFS Advisors LLC increased its stake in shares of Chevron by 119.6% in the first quarter. IFS Advisors LLC now owns 213 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 116 shares during the period. Finally, Cloud Capital Management LLC acquired a new stake in shares of Chevron in the first quarter valued at approximately $39,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Trading Down 0.2%

Shares of NYSE:CVX opened at $151.33 on Friday. The stock has a market capitalization of $264.28 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 2.39 and a beta of 0.87. Chevron Corporation has a 1-year low of $132.04 and a 1-year high of $168.96. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.82 and a current ratio of 1.08. The company has a 50 day moving average price of $146.86 and a 200 day moving average price of $148.80.

Chevron (NYSE:CVXGet Free Report) last issued its earnings results on Friday, August 1st. The oil and gas company reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.19. Chevron had a net margin of 7.76% and a return on equity of 10.73%. The firm had revenue of $44.82 billion during the quarter, compared to analysts’ expectations of $44.59 billion. During the same period last year, the firm posted $2.55 earnings per share. The firm’s revenue for the quarter was down 12.4% compared to the same quarter last year. On average, research analysts anticipate that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. BNP Paribas lowered shares of Chevron to a “cautious” rating in a research note on Tuesday, April 15th. Scotiabank reiterated a “sector perform” rating and set a $160.00 price objective (up previously from $143.00) on shares of Chevron in a research note on Friday, July 11th. Raymond James Financial reiterated an “outperform” rating on shares of Chevron in a research note on Friday. Wells Fargo & Company reiterated an “overweight” rating and set a $178.00 price objective on shares of Chevron in a research note on Friday. Finally, UBS Group lowered their price objective on shares of Chevron from $194.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Chevron presently has a consensus rating of “Hold” and a consensus price target of $163.18.

Read Our Latest Analysis on Chevron

About Chevron

(Free Report)

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.

See Also

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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