Chevron Co. (NYSE:CVX) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. boosted its stake in Chevron Co. (NYSE:CVX) by 1.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,678 shares of the oil and gas company’s stock after acquiring an additional 644 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Chevron were worth $6,874,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. New Century Financial Group LLC increased its position in shares of Chevron by 277.8% during the first quarter. New Century Financial Group LLC now owns 19,335 shares of the oil and gas company’s stock worth $3,050,000 after acquiring an additional 14,217 shares during the last quarter. Retirement Guys Formula LLC acquired a new stake in Chevron during the 1st quarter valued at approximately $733,000. Insight Folios Inc increased its holdings in Chevron by 0.8% during the 1st quarter. Insight Folios Inc now owns 43,394 shares of the oil and gas company’s stock worth $6,845,000 after purchasing an additional 347 shares during the last quarter. FCG Investment Co raised its position in shares of Chevron by 34.1% in the 1st quarter. FCG Investment Co now owns 5,967 shares of the oil and gas company’s stock valued at $941,000 after purchasing an additional 1,517 shares in the last quarter. Finally, American National Bank & Trust Co. VA purchased a new position in shares of Chevron during the 1st quarter valued at approximately $6,978,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CVX. Royal Bank of Canada restated an “outperform” rating and issued a $170.00 price target on shares of Chevron in a research note on Tuesday, October 8th. Barclays dropped their target price on shares of Chevron from $185.00 to $168.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Mizuho reduced their price target on shares of Chevron from $205.00 to $189.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. Scotiabank lowered their price objective on Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Finally, Wolfe Research started coverage on Chevron in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Chevron currently has an average rating of “Moderate Buy” and an average price target of $173.07.

Chevron Trading Up 2.9 %

Shares of NYSE:CVX opened at $153.07 on Friday. The stock has a market capitalization of $279.95 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 3.29 and a beta of 1.09. Chevron Co. has a 1-year low of $135.37 and a 1-year high of $167.11. The company has a 50 day moving average price of $146.96 and a 200 day moving average price of $152.96. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 1.16.

Chevron (NYSE:CVX) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.38). Chevron had a return on equity of 13.70% and a net margin of 9.31%. The company had revenue of $51.18 billion during the quarter, compared to analyst estimates of $48.68 billion. During the same quarter in the previous year, the firm earned $3.08 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. On average, research analysts anticipate that Chevron Co. will post 10.74 EPS for the current fiscal year.

Chevron 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.