Nexus Investment Management Inc. decreased its position in Chevron Co. (NYSE:CVX) by 5.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,750 shares of the oil and gas company’s stock after selling 600 shares during the period. Nexus Investment Management Inc.’s holdings in Chevron were worth $1,213,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Fisher Asset Management LLC lifted its stake in Chevron by 3.1% in the fourth quarter. Fisher Asset Management LLC now owns 4,755,742 shares of the oil and gas company’s stock valued at $517,377,000 after buying an additional 143,056 shares during the period. Rhumbline Advisers lifted its stake in Chevron by 1.1% in the fourth quarter. Rhumbline Advisers now owns 3,439,855 shares of the oil and gas company’s stock valued at $374,222,000 after buying an additional 36,737 shares during the period. Nordea Investment Management AB lifted its stake in Chevron by 298.6% in the fourth quarter. Nordea Investment Management AB now owns 1,695,198 shares of the oil and gas company’s stock valued at $184,416,000 after buying an additional 1,269,889 shares during the period. TD Asset Management Inc. lifted its stake in Chevron by 8.2% in the fourth quarter. TD Asset Management Inc. now owns 1,626,358 shares of the oil and gas company’s stock valued at $176,931,000 after buying an additional 123,779 shares during the period. Finally, Thrivent Financial for Lutherans lifted its stake in Chevron by 7.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,557,671 shares of the oil and gas company’s stock valued at $169,587,000 after buying an additional 104,658 shares during the period. Institutional investors and hedge funds own 65.43% of the company’s stock.

NYSE CVX opened at $123.72 on Friday. The firm has a market capitalization of $239.29 billion, a price-to-earnings ratio of 15.00, a P/E/G ratio of 3.09 and a beta of 0.99. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.90 and a current ratio of 1.12. The stock’s 50-day simple moving average is $123.77. Chevron Co. has a one year low of $100.22 and a one year high of $128.55.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $1.39 EPS for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.13. The company had revenue of $35.20 billion for the quarter, compared to analyst estimates of $38.42 billion. Chevron had a return on equity of 9.07% and a net margin of 8.45%. Chevron’s revenue was down 6.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.90 earnings per share. As a group, analysts anticipate that Chevron Co. will post 6.77 EPS for the current fiscal year.

CVX has been the topic of several analyst reports. Zacks Investment Research lowered GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Citigroup set a $13.00 target price on e.l.f. Beauty and gave the company a “hold” rating in a research note on Monday, May 13th. Cowen reissued a “market perform” rating and issued a $99.00 target price (up previously from $97.00) on shares of United Continental in a research note on Wednesday, April 17th. Morgan Stanley set a $207.00 target price on Alibaba Group and gave the company a “buy” rating in a research note on Friday, July 12th. Finally, Bank of America set a $144.00 price target on Walt Disney and gave the stock a “buy” rating in a research report on Friday, April 12th. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $135.72.

In related news, Chairman Michael K. Wirth sold 33,750 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $125.60, for a total transaction of $4,239,000.00. Following the completion of the transaction, the chairman now directly owns 33,750 shares in the company, valued at $4,239,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Enrique Hernandez, Jr. sold 2,100 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $121.75, for a total value of $255,675.00. Following the transaction, the director now owns 15,689 shares of the company’s stock, valued at $1,910,135.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,050 shares of company stock worth $5,007,621. 0.31% of the stock is currently owned by insiders.

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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