Chevron Corp. (CVX) Stake Raised by Paragon Capital Management Ltd

Paragon Capital Management Ltd boosted its stake in Chevron Corp. (NYSE:CVX) by 0.1% during the second quarter, Holdings Channel reports. The fund owned 12,464 shares of the company’s stock after buying an additional 13 shares during the period. Chevron Corp. comprises 0.7% of Paragon Capital Management Ltd’s portfolio, making the stock its 18th largest position. Paragon Capital Management Ltd’s holdings in Chevron Corp. were worth $1,307,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Consulate Inc. purchased a new position in Chevron Corp. during the second quarter valued at $219,000. Torch Wealth Management LLC increased its stake in shares of Chevron Corp. by 0.8% in the second quarter. Torch Wealth Management LLC now owns 11,954 shares of the company’s stock valued at $1,253,000 after buying an additional 100 shares during the period. YHB Investment Advisors Inc. increased its stake in shares of Chevron Corp. by 1.6% in the second quarter. YHB Investment Advisors Inc. now owns 32,654 shares of the company’s stock valued at $3,423,000 after buying an additional 509 shares during the period. Northstar Asset Management LLC increased its stake in shares of Chevron Corp. by 0.4% in the second quarter. Northstar Asset Management LLC now owns 27,039 shares of the company’s stock valued at $2,835,000 after buying an additional 103 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Chevron Corp. by 3.2% in the second quarter. Robeco Institutional Asset Management B.V. now owns 64,017 shares of the company’s stock valued at $6,711,000 after buying an additional 1,984 shares during the period. 62.25% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Chevron Corp. (NYSE:CVX)

Shares of Chevron Corp. (NYSE:CVX) traded up 0.42% during mid-day trading on Tuesday, reaching $101.79. The company’s stock had a trading volume of 4,720,887 shares. The stock’s market capitalization is $192.03 billion. The company’s 50-day moving average is $101.00 and its 200-day moving average is $101.46. Chevron Corp. has a 52 week low of $75.33 and a 52 week high of $107.58.

Chevron Corp. (NYSE:CVX) last released its quarterly earnings results on Friday, July 29th. The company reported ($0.78) EPS for the quarter, missing analysts’ consensus estimates of $0.32 by $1.10. Chevron Corp. had a positive return on equity of 1.07% and a negative net margin of 0.64%. The firm had revenue of $29.28 billion for the quarter, compared to analyst estimates of $25.78 billion. During the same quarter last year, the company earned $0.30 earnings per share. The firm’s revenue for the quarter was down 27.4% on a year-over-year basis. Equities analysts predict that Chevron Corp. will post $1.31 EPS for the current year.

Several brokerages have commented on CVX. Zacks Investment Research upgraded shares of Chevron Corp. from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a report on Tuesday. Vetr upgraded shares of Chevron Corp. from a “hold” rating to a “buy” rating and set a $107.24 target price on the stock in a report on Tuesday, August 9th. Jefferies Group restated a “buy” rating on shares of Chevron Corp. in a report on Thursday, September 8th. Barclays PLC restated an “equal weight” rating and set a $125.00 target price on shares of Chevron Corp. in a report on Thursday, July 28th. Finally, BMO Capital Markets began coverage on shares of Chevron Corp. in a report on Monday, September 12th. They set an “outperform” rating and a $120.00 target price on the stock. Twelve analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Chevron Corp. currently has an average rating of “Buy” and a consensus target price of $105.73.

In other news, Director Inge G. Thulin purchased 487 shares of the firm’s stock in a transaction on Monday, August 15th. The shares were bought at an average cost of $102.87 per share, for a total transaction of $50,097.69. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeanette L. Ourada sold 7,000 shares of the company’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $101.70, for a total value of $711,900.00. Following the transaction, the insider now owns 7,535 shares in the company, valued at $766,309.50. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Chevron Corp. Company 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.

5 Day Chart for NYSE:CVX

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