Hunter Associates Investment Management LLC Boosts Stock Position in Chevron Co. (NYSE:CVX)

Hunter Associates Investment Management LLC raised its stake in Chevron Co. (NYSE:CVX) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,652 shares of the oil and gas company’s stock after purchasing an additional 947 shares during the period. Hunter Associates Investment Management LLC’s holdings in Chevron were worth $3,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CVX. Quarry LP grew its stake in Chevron by 172.2% in the second quarter. Quarry LP now owns 411 shares of the oil and gas company’s stock valued at $64,000 after purchasing an additional 260 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Chevron by 75.8% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 138,885 shares of the oil and gas company’s stock valued at $21,724,000 after purchasing an additional 59,885 shares during the last quarter. Czech National Bank grew its stake in Chevron by 6.1% in the third quarter. Czech National Bank now owns 346,490 shares of the oil and gas company’s stock valued at $51,028,000 after purchasing an additional 19,878 shares during the last quarter. Curbstone Financial Management Corp boosted its holdings in Chevron by 3.7% in the third quarter. Curbstone Financial Management Corp now owns 13,604 shares of the oil and gas company’s stock worth $2,003,000 after acquiring an additional 486 shares in the last quarter. Finally, Farmers Trust Co. boosted its holdings in Chevron by 3.6% in the third quarter. Farmers Trust Co. now owns 9,704 shares of the oil and gas company’s stock worth $1,429,000 after acquiring an additional 334 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Chevron Stock Down 4.5 %

Chevron stock opened at $149.21 on Friday. The stock has a market capitalization of $268.14 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 1.35 and a beta of 1.12. Chevron Co. has a 12 month low of $135.37 and a 12 month high of $167.11. The business has a 50 day simple moving average of $153.46 and a 200-day simple moving average of $151.20. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.36). Chevron had a net margin of 8.44% and a return on equity of 13.15%. During the same period in the previous year, the firm earned $3.45 earnings per share. On average, analysts anticipate that Chevron Co. will post 10.18 EPS for the current fiscal year.

Insider Activity

In other news, CEO Michael K. Wirth sold 164,600 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $160.13, for a total value of $26,357,398.00. Following the completion of the sale, the chief executive officer now directly owns 4,280 shares in the company, valued at $685,356.40. The trade was a 97.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

CVX has been the subject of several recent analyst reports. Bank of America initiated coverage on Chevron in a report on Thursday, October 17th. They issued a “buy” rating and a $168.00 price target for the company. UBS Group raised their price target on Chevron from $194.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Barclays raised their price target on Chevron from $168.00 to $174.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Scotiabank lowered their price target 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, Citigroup raised Chevron from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $145.00 to $185.00 in a report on Tuesday, November 26th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.27.

About Chevron

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.