Chevron Corporation (CVX) Holdings Trimmed by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado cut its holdings in shares of Chevron Corporation (NYSE:CVX) by 0.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,585,682 shares of the oil and gas company’s stock after selling 1,689 shares during the period. Chevron Corporation comprises approximately 1.2% of Public Employees Retirement Association of Colorado’s investment portfolio, making the stock its 10th biggest position. Public Employees Retirement Association of Colorado owned 0.08% of Chevron Corporation worth $165,434,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HPM Partners LLC lifted its stake in Chevron Corporation by 197.0% during the first quarter. HPM Partners LLC now owns 38,735 shares of the oil and gas company’s stock worth $4,159,000 after purchasing an additional 25,691 shares during the last quarter. Lincoln National Corp lifted its stake in Chevron Corporation by 33.3% during the first quarter. Lincoln National Corp now owns 82,502 shares of the oil and gas company’s stock worth $8,859,000 after purchasing an additional 20,615 shares during the last quarter. Adams Natural Resources Fund Inc. lifted its stake in Chevron Corporation by 8.8% during the second quarter. Adams Natural Resources Fund Inc. now owns 596,800 shares of the oil and gas company’s stock worth $62,264,000 after purchasing an additional 48,100 shares during the last quarter. Strategic Financial Group LLC lifted its stake in Chevron Corporation by 6.0% during the first quarter. Strategic Financial Group LLC now owns 8,979 shares of the oil and gas company’s stock worth $964,000 after purchasing an additional 510 shares during the last quarter. Finally, Rothschild Investment Corp IL lifted its stake in Chevron Corporation by 2.3% during the first quarter. Rothschild Investment Corp IL now owns 41,232 shares of the oil and gas company’s stock worth $4,427,000 after purchasing an additional 919 shares during the last quarter. Hedge funds and other institutional investors own 62.73% of the company’s stock.

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In other Chevron Corporation news, Director Linnet F. Deily sold 2,312 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $107.38, for a total value of $248,262.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider James William Johnson sold 31,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $110.68, for a total transaction of $3,431,080.00. Following the completion of the sale, the insider now owns 11,000 shares in the company, valued at approximately $1,217,480. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,312 shares of company stock worth $8,008,343. Corporate insiders own 0.38% of the company’s stock.

Several equities research analysts have weighed in on CVX shares. Vetr upgraded Chevron Corporation from a “buy” rating to a “strong-buy” rating and set a $120.37 target price for the company in a research note on Thursday, June 15th. Macquarie cut Chevron Corporation from an “outperform” rating to a “neutral” rating and set a $105.00 target price for the company. in a research note on Wednesday, June 21st. BMO Capital Markets set a $130.00 price target on Chevron Corporation and gave the company a “buy” rating in a research note on Thursday, June 22nd. BidaskClub cut Chevron Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Finally, Jefferies Group LLC set a $135.00 price target on Chevron Corporation and gave the company a “buy” rating in a research note on Saturday, June 24th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $117.07.

Shares of Chevron Corporation (NYSE CVX) opened at 119.14 on Friday. The firm has a market capitalization of $225.77 billion, a P/E ratio of 38.63 and a beta of 1.24. The firm’s 50-day moving average price is $114.30 and its 200-day moving average price is $108.22. Chevron Corporation has a one year low of $99.87 and a one year high of $119.82.

Chevron Corporation (NYSE:CVX) last released its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.02. Chevron Corporation had a net margin of 4.50% and a return on equity of 4.13%. The company had revenue of $34.48 billion during the quarter, compared to the consensus estimate of $32.77 billion. During the same period in the prior year, the firm earned ($0.78) earnings per share. Chevron Corporation’s revenue was up 17.8% on a year-over-year basis. On average, equities analysts forecast that Chevron Corporation will post $3.99 earnings per share for the current year.

About Chevron Corporation

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.

Institutional Ownership by Quarter for Chevron Corporation (NYSE:CVX)

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