Wealthstreet Investment Advisors LLC cut its holdings in shares of Chevron Co. (NYSE:CVX) by 12.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 37,768 shares of the oil and gas company’s stock after selling 5,541 shares during the quarter. Wealthstreet Investment Advisors LLC’s holdings in Chevron were worth $4,552,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of CVX. BlackRock Inc. increased its holdings in Chevron by 3.5% in the 2nd quarter. BlackRock Inc. now owns 131,522,440 shares of the oil and gas company’s stock worth $16,366,651,000 after acquiring an additional 4,401,622 shares in the last quarter. Johanson Financial Advisors Inc. increased its holdings in Chevron by 11,524.8% in the 4th quarter. Johanson Financial Advisors Inc. now owns 1,399,163 shares of the oil and gas company’s stock worth $11,614,000 after acquiring an additional 1,387,127 shares in the last quarter. California Public Employees Retirement System increased its holdings in Chevron by 22.1% in the 3rd quarter. California Public Employees Retirement System now owns 5,482,447 shares of the oil and gas company’s stock worth $650,218,000 after acquiring an additional 990,819 shares in the last quarter. Waverton Investment Management Ltd purchased a new stake in Chevron in the 3rd quarter worth $85,367,000. Finally, Diamond Hill Capital Management Inc. increased its holdings in Chevron by 30.5% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,400,887 shares of the oil and gas company’s stock worth $166,145,000 after acquiring an additional 327,631 shares in the last quarter. 65.57% of the stock is owned by institutional investors.

Shares of CVX opened at $112.90 on Thursday. Chevron Co. has a 52-week low of $110.42 and a 52-week high of $127.34. The company has a quick ratio of 0.93, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The firm’s fifty day moving average is $118.27 and its two-hundred day moving average is $119.26. The stock has a market cap of $214.25 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 4.67 and a beta of 1.02.

Chevron (NYSE:CVX) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.11). The business had revenue of $36.12 billion for the quarter, compared to analyst estimates of $37.69 billion. Chevron had a return on equity of 8.89% and a net margin of 8.70%. The company’s revenue for the quarter was down 17.9% compared to the same quarter last year. During the same period last year, the firm earned $2.11 EPS. As a group, research analysts anticipate that Chevron Co. will post 6.36 earnings per share for the current year.

Several brokerages recently commented on CVX. Bank of America lowered shares of Chevron from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 7th. Citigroup lowered shares of Chevron from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Berenberg Bank reissued a “hold” rating and issued a $128.00 price target on shares of Chevron in a report on Thursday, December 12th. Cowen cut their price target on shares of Chevron from $140.00 to $134.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, Scotiabank raised shares of Chevron from a “sector perform” rating to a “sector outperform” rating and set a $137.00 price target for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $138.87.

In other news, VP Rhonda J. Morris sold 7,800 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $119.68, for a total transaction of $933,504.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David A. Inchausti sold 15,000 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $119.89, for a total transaction of $1,798,350.00. Following the transaction, the insider now directly owns 15,000 shares in the company, valued at approximately $1,798,350. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,300 shares of company stock worth $10,904,079. Corporate insiders own 0.31% of the company’s stock.

Chevron Company 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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