Chevron Co. (NYSE:CVX) Shares Sold by Silicon Valley Capital Partners

Silicon Valley Capital Partners lowered its position in Chevron Co. (NYSE:CVXFree Report) by 9.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,531 shares of the oil and gas company’s stock after selling 272 shares during the period. Silicon Valley Capital Partners’ holdings in Chevron were worth $427,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich increased its stake in Chevron by 100,509.4% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 426,861,553 shares of the oil and gas company’s stock valued at $67,166,665,000 after purchasing an additional 426,437,277 shares during the last quarter. Moneta Group Investment Advisors LLC increased its position in shares of Chevron by 104,997.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 24,490,824 shares of the oil and gas company’s stock worth $4,395,858,000 after purchasing an additional 24,467,521 shares during the last quarter. Norges Bank bought a new stake in Chevron during the fourth quarter valued at $3,058,235,000. Imprint Wealth LLC boosted its holdings in shares of Chevron by 15,457.0% during the second quarter. Imprint Wealth LLC now owns 5,378,354 shares of the oil and gas company’s stock valued at $537,835,000 after acquiring an additional 5,343,782 shares during the period. Finally, Morgan Stanley boosted its position in shares of Chevron by 12.7% during the fourth quarter. Morgan Stanley now owns 32,906,060 shares of the oil and gas company’s stock worth $5,906,309,000 after buying an additional 3,711,923 shares during the period. Institutional investors and hedge funds own 68.87% of the company’s stock.

Chevron Stock Performance

Shares of NYSE:CVX traded up $0.58 on Friday, hitting $149.15. 9,148,482 shares of the company were exchanged, compared to its average volume of 9,223,539. The company’s 50 day moving average price is $146.49 and its two-hundred day moving average price is $155.02. Chevron Co. has a one year low of $139.62 and a one year high of $184.23. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.97 and a current ratio of 1.25. The firm has a market capitalization of $281.56 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 0.75 and a beta of 1.12.

Chevron (NYSE:CVXGet Free Report) last announced its quarterly earnings results on Friday, October 27th. The oil and gas company reported $3.05 earnings per share for the quarter, missing analysts’ consensus estimates of $3.70 by ($0.65). The company had revenue of $54.08 billion during the quarter, compared to the consensus estimate of $51.41 billion. Chevron had a net margin of 12.11% and a return on equity of 16.15%. The business’s revenue was down 18.9% on a year-over-year basis. During the same quarter last year, the company earned $5.56 earnings per share. Research analysts expect that Chevron Co. will post 12.99 earnings per share for the current year.

Analyst Ratings Changes

CVX has been the subject of a number of research analyst reports. Mizuho cut their target price on Chevron from $215.00 to $195.00 and set a “buy” rating for the company in a research report on Tuesday, November 14th. BNP Paribas raised shares of Chevron from a “neutral” rating to an “outperform” rating and set a $190.00 price target for the company in a report on Thursday, October 12th. Scotiabank downgraded shares of Chevron from a “sector outperform” rating to a “sector perform” rating and set a $170.00 price target for the company. in a report on Tuesday, January 16th. Bank of America upgraded Chevron from a “neutral” rating to a “buy” rating and increased their price objective for the company from $190.00 to $200.00 in a research report on Monday, October 30th. Finally, Truist Financial reduced their price objective on shares of Chevron from $175.00 to $169.00 and set a “hold” rating for the company in a research note on Tuesday, October 24th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.53.

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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; liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and processing, transportation, storage, and marketing of natural gas, as well as a gas-to-liquids plant.

See Also

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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