Windward Capital Management Co. CA Acquires 201 Shares of Chevron Co. (NYSE:CVX)
Windward Capital Management Co. CA grew its holdings in Chevron Co. (NYSE:CVX) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,246 shares of the oil and gas company’s stock after purchasing an additional 201 shares during the quarter. Windward Capital Management Co. CA’s holdings in Chevron were worth $2,271,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. CKW Financial Group raised its holdings in shares of Chevron by 123.5% in the 4th quarter. CKW Financial Group now owns 362 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 200 shares in the last quarter. Cordasco Financial Network raised its holdings in shares of Chevron by 55.3% in the 2nd quarter. Cordasco Financial Network now owns 379 shares of the oil and gas company’s stock valued at $47,000 after purchasing an additional 135 shares in the last quarter. Highwater Wealth Management LLC bought a new stake in shares of Chevron in the 4th quarter valued at about $51,000. Ironwood Financial llc grew its position in shares of Chevron by 94.2% in the 4th quarter. Ironwood Financial llc now owns 538 shares of the oil and gas company’s stock worth $59,000 after buying an additional 261 shares during the last quarter. Finally, Thor Advisors LLC purchased a new position in shares of Chevron in the 1st quarter worth approximately $67,000. Institutional investors and hedge funds own 65.55% of the company’s stock.
A number of research analysts have recently issued reports on CVX shares. Morgan Stanley set a $207.00 price objective on shares of Alibaba Group and gave the stock a “buy” rating in a research report on Friday, July 12th. Bank of America set a $144.00 price objective on shares of Walt Disney and gave the stock a “buy” rating in a research report on Friday, April 12th. Zacks Investment Research downgraded shares of GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Citigroup set a $13.00 price objective on shares of e.l.f. Beauty and gave the stock a “hold” rating in a research report on Monday, May 13th. Finally, Cowen reaffirmed a “market perform” rating and issued a $99.00 price objective (up previously from $97.00) on shares of United Continental in a research report on Wednesday, April 17th. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $135.72.
Chevron (NYSE:CVX) last released its earnings results on Friday, April 26th. The oil and gas company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.13. The company had revenue of $35.20 billion for the quarter, compared to the consensus estimate of $38.42 billion. Chevron had a net margin of 8.45% and a return on equity of 9.07%. Chevron’s revenue was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.90 EPS. As a group, equities research analysts predict that Chevron Co. will post 6.77 EPS for the current year.
In other news, Director Enrique Hernandez, Jr. sold 2,100 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $121.75, for a total value of $255,675.00. Following the sale, the director now directly owns 15,689 shares of the company’s stock, valued at approximately $1,910,135.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Michael K. Wirth sold 33,750 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $125.60, for a total transaction of $4,239,000.00. Following the completion of the sale, the chairman now directly owns 33,750 shares in the company, valued at $4,239,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,050 shares of company stock worth $5,007,621. 0.31% of the stock is owned by insiders.
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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