Chevron Corporation (CVX) Shares Sold by Whitnell & Co.

Whitnell & Co. cut its position in Chevron Corporation (NYSE:CVX) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,209 shares of the oil and gas company’s stock after selling 107 shares during the period. Whitnell & Co.’s holdings in Chevron Corporation were worth $2,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the company. Bank of Stockton boosted its stake in shares of Chevron Corporation by 35.1% in the second quarter. Bank of Stockton now owns 18,342 shares of the oil and gas company’s stock worth $1,913,000 after acquiring an additional 4,766 shares during the last quarter. Benedict Financial Advisors Inc. boosted its stake in shares of Chevron Corporation by 1.3% in the second quarter. Benedict Financial Advisors Inc. now owns 30,713 shares of the oil and gas company’s stock worth $3,171,000 after acquiring an additional 401 shares during the last quarter. Ingalls & Snyder LLC boosted its stake in shares of Chevron Corporation by 6.1% in the second quarter. Ingalls & Snyder LLC now owns 148,645 shares of the oil and gas company’s stock worth $15,508,000 after acquiring an additional 8,561 shares during the last quarter. Barnett & Company Inc. boosted its stake in shares of Chevron Corporation by 2.0% in the second quarter. Barnett & Company Inc. now owns 7,245 shares of the oil and gas company’s stock worth $756,000 after acquiring an additional 141 shares during the last quarter. Finally, Sterling Investment Management Inc. boosted its stake in shares of Chevron Corporation by 1.1% in the second quarter. Sterling Investment Management Inc. now owns 5,548 shares of the oil and gas company’s stock worth $579,000 after acquiring an additional 60 shares during the last quarter. 62.79% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Linnet F. Deily sold 2,312 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $107.38, for a total value of $248,262.56. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP R. Hewitt Pate sold 25,500 shares of the stock in a transaction on Monday, October 16th. The stock was sold at an average price of $120.00, for a total value of $3,060,000.00. Following the completion of the transaction, the vice president now directly owns 25,500 shares in the company, valued at $3,060,000. The disclosure for this sale can be found here. Insiders sold a total of 97,812 shares of company stock worth $11,068,343 over the last ninety days. Corporate insiders own 0.38% of the company’s stock.

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Shares of Chevron Corporation (CVX) opened at 119.23 on Wednesday. The company has a 50 day moving average price of $116.61 and a 200 day moving average price of $108.87. The stock has a market cap of $225.94 billion, a P/E ratio of 38.66 and a beta of 1.24. Chevron Corporation has a 12-month low of $99.87 and a 12-month high of $120.89.

Chevron Corporation (NYSE:CVX) last posted its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.02. The business had revenue of $34.48 billion for the quarter, compared to analysts’ expectations of $32.77 billion. Chevron Corporation had a return on equity of 4.13% and a net margin of 4.50%. The business’s revenue was up 17.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.78) earnings per share. Analysts anticipate that Chevron Corporation will post $4.07 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on the company. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Chevron Corporation in a research note on Thursday, October 19th. They noted that the move was a valuation call. Jefferies Group LLC reaffirmed a “buy” rating and issued a $137.00 price target on shares of Chevron Corporation in a research note on Thursday, October 19th. Morgan Stanley lifted their price target on Chevron Corporation from $120.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. Societe Generale lowered Chevron Corporation from a “buy” rating to a “hold” rating and lifted their price target for the stock from $120.00 to $130.00 in a research note on Wednesday, October 18th. Finally, BMO Capital Markets lowered Chevron Corporation from an “outperform” rating to a “market perform” rating and set a $120.00 price target on the stock. in a research note on Wednesday, October 18th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $119.66.

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.

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

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