Eldridge Investment Advisors Inc. cut its position in Chevron Co. (NYSE:CVX) by 5.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,556 shares of the oil and gas company’s stock after selling 147 shares during the quarter. Eldridge Investment Advisors Inc.’s holdings in Chevron were worth $278,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CVX. Corrado Advisors LLC bought a new stake in Chevron during the third quarter valued at about $412,000. Gofen & Glossberg LLC IL grew its holdings in Chevron by 1.9% during the third quarter. Gofen & Glossberg LLC IL now owns 328,759 shares of the oil and gas company’s stock valued at $40,201,000 after purchasing an additional 6,246 shares during the period. Gradient Investments LLC grew its holdings in Chevron by 5.0% during the third quarter. Gradient Investments LLC now owns 93,187 shares of the oil and gas company’s stock valued at $11,395,000 after purchasing an additional 4,471 shares during the period. Spearhead Capital Advisors LLC grew its holdings in Chevron by 3.2% during the third quarter. Spearhead Capital Advisors LLC now owns 28,532 shares of the oil and gas company’s stock valued at $3,562,000 after purchasing an additional 889 shares during the period. Finally, KAMES CAPITAL plc grew its holdings in Chevron by 1.0% during the third quarter. KAMES CAPITAL plc now owns 478,418 shares of the oil and gas company’s stock valued at $58,497,000 after purchasing an additional 4,545 shares during the period. Hedge funds and other institutional investors own 66.07% of the company’s stock.

Shares of Chevron stock opened at $119.86 on Monday. Chevron Co. has a 52 week low of $100.22 and a 52 week high of $131.08. The stock has a market capitalization of $228.30 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 3.48 and a beta of 1.03. The company has a current ratio of 1.25, a quick ratio of 1.04 and a debt-to-equity ratio of 0.18.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, February 1st. The oil and gas company reported $1.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.08. Chevron had a return on equity of 9.78% and a net margin of 8.91%. The business had revenue of $42.35 billion for the quarter, compared to the consensus estimate of $41.46 billion. During the same period in the previous year, the business earned $1.64 earnings per share. The business’s revenue was up 12.6% on a year-over-year basis. On average, equities research analysts anticipate that Chevron Co. will post 6.75 EPS for the current fiscal year.

Several research firms have issued reports on CVX. Credit Suisse Group reissued a “buy” rating and set a $130.00 price target on shares of Chevron in a report on Wednesday, January 23rd. Bank of America raised Chevron from a “neutral” rating to a “buy” rating and set a $140.00 price target for the company in a report on Friday, April 12th. Tudor Pickering began coverage on Chevron in a report on Friday, March 1st. They set a “buy” rating and a $133.00 price target for the company. Cowen reissued a “buy” rating and set a $142.00 price target on shares of Chevron in a report on Wednesday, April 17th. Finally, UBS Group raised Chevron from a “neutral” rating to a “buy” rating and set a $112.95 price target for the company in a report on Friday, January 18th. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Chevron has a consensus rating of “Buy” and a consensus price target of $136.30.

In related news, insider James William Johnson sold 4,750 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $124.84, for a total value of $592,990.00. Following the sale, the insider now directly owns 4,750 shares in the company, valued at $592,990. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jeanette L. Ourada sold 7,200 shares of the business’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $116.50, for a total value of $838,800.00. Following the completion of the sale, the insider now owns 7,200 shares in the company, valued at $838,800. The disclosure for this sale can be found here. Insiders sold 16,700 shares of company stock worth $2,028,390 over the last 90 days. Company insiders own 0.46% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This news story was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another website, it was copied illegally and reposted in violation of US & international trademark and copyright law. The correct version of this news story can be accessed at https://www.watchlistnews.com/eldridge-investment-advisors-inc-sells-147-shares-of-chevron-co-cvx/2980476.html.

About Chevron

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.

Featured Article: 52-Week High/Low

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.