Chevron Co. (NYSE:CVX) Shares Purchased by Industrial Alliance Investment Management Inc.

Industrial Alliance Investment Management Inc. boosted its stake in Chevron Co. (NYSE:CVX) by 3.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,410 shares of the oil and gas company’s stock after purchasing an additional 140 shares during the period. Industrial Alliance Investment Management Inc.’s holdings in Chevron were worth $696,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Winch Advisory Services LLC boosted its position in Chevron by 15.1% in the 4th quarter. Winch Advisory Services LLC now owns 3,744 shares of the oil and gas company’s stock valued at $558,000 after buying an additional 491 shares during the last quarter. Precedent Wealth Partners LLC purchased a new position in Chevron in the 4th quarter valued at about $1,328,000. Gradient Investments LLC lifted its position in shares of Chevron by 4.5% during the fourth quarter. Gradient Investments LLC now owns 237,467 shares of the oil and gas company’s stock worth $35,421,000 after purchasing an additional 10,208 shares during the last quarter. Cottage Street Advisors LLC lifted its position in shares of Chevron by 1,405.4% during the fourth quarter. Cottage Street Advisors LLC now owns 22,822 shares of the oil and gas company’s stock worth $3,420,000 after purchasing an additional 21,306 shares during the last quarter. Finally, Symphony Financial Ltd. Co. lifted its position in shares of Chevron by 43.6% during the fourth quarter. Symphony Financial Ltd. Co. now owns 24,313 shares of the oil and gas company’s stock worth $3,508,000 after purchasing an additional 7,383 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Trading Up 1.9 %

Chevron stock traded up $2.97 during midday trading on Tuesday, reaching $159.57. The stock had a trading volume of 5,740,372 shares, compared to its average volume of 7,773,868. The firm’s fifty day simple moving average is $156.59 and its two-hundred day simple moving average is $155.81. Chevron Co. has a twelve month low of $139.62 and a twelve month high of $171.70. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.23 and a quick ratio of 0.93. The firm has a market cap of $294.08 billion, a price-to-earnings ratio of 14.68, a PEG ratio of 2.54 and a beta of 1.10.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.09. Chevron had a net margin of 10.21% and a return on equity of 14.40%. The firm had revenue of $48.72 billion during the quarter, compared to analyst estimates of $48.42 billion. During the same quarter last year, the business posted $3.55 EPS. The company’s revenue was down 4.1% on a year-over-year basis. Equities analysts anticipate that Chevron Co. will post 12.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Barclays assumed coverage on shares of Chevron in a research report on Wednesday, April 10th. They set an “overweight” rating and a $203.00 price target on the stock. TD Cowen increased their price target on shares of Chevron from $155.00 to $160.00 and gave the stock a “hold” rating in a research report on Monday, April 29th. UBS Group increased their price objective on shares of Chevron from $185.00 to $197.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. HSBC raised their price target on shares of Chevron from $175.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Finally, Mizuho raised their price objective on shares of Chevron from $200.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $185.67.

Insider Buying and Selling at Chevron

In other news, Director Enrique Hernandez, Jr. sold 2,549 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $161.00, for a total transaction of $410,389.00. Following the transaction, the director now owns 7,647 shares in the company, valued at approximately $1,231,167. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Enrique Hernandez, Jr. sold 2,549 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $161.00, for a total transaction of $410,389.00. Following the transaction, the director now owns 7,647 shares in the company, valued at approximately $1,231,167. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jeff B. Gustavson sold 3,750 shares of Chevron stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $160.23, for a total transaction of $600,862.50. Following the completion of the transaction, the vice president now owns 477 shares in the company, valued at approximately $76,429.71. The disclosure for this sale can be found here. Insiders sold 13,946 shares of company stock valued at $2,265,971 in the last quarter. Company insiders own 0.20% of the company’s stock.

Chevron Company Profile

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.