Chevron Co. (CVX) Shares Bought by Rossmore Private Capital

Rossmore Private Capital grew its position in Chevron Co. (NYSE:CVX) by 8.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 209,072 shares of the oil and gas company’s stock after buying an additional 15,775 shares during the quarter. Chevron accounts for approximately 9.6% of Rossmore Private Capital’s holdings, making the stock its 2nd biggest holding. Rossmore Private Capital’s holdings in Chevron were worth $22,745,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. CKW Financial Group boosted its stake in Chevron by 123.5% in the 4th quarter. CKW Financial Group now owns 362 shares of the oil and gas company’s stock worth $39,000 after buying an additional 200 shares during the last quarter. Highwater Wealth Management LLC acquired a new stake in Chevron in the 4th quarter worth about $51,000. Ironwood Financial llc boosted its stake in 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. Arlington Partners LLC boosted its stake in Chevron by 237.2% in the 4th quarter. Arlington Partners LLC now owns 853 shares of the oil and gas company’s stock worth $93,000 after buying an additional 600 shares during the last quarter. Finally, Canton Hathaway LLC acquired a new position in shares of Chevron in the 3rd quarter valued at about $141,000. Institutional investors and hedge funds own 66.07% of the company’s stock.

Shares of NYSE:CVX opened at $119.76 on Monday. The stock has a market cap of $227.55 billion, a P/E ratio of 14.52, a P/E/G ratio of 3.79 and a beta of 1.03. The company has a current ratio of 1.25, a quick ratio of 1.04 and a debt-to-equity ratio of 0.18. Chevron Co. has a one year low of $100.22 and a one year high of $131.08.

Chevron (NYSE:CVX) last announced its earnings results on Friday, February 1st. The oil and gas company reported $1.95 EPS for the quarter, beating the consensus estimate of $1.87 by $0.08. The business had revenue of $42.35 billion for the quarter, compared to the consensus estimate of $41.46 billion. Chevron had a return on equity of 9.78% and a net margin of 8.91%. The company’s revenue was up 12.6% on a year-over-year basis. During the same period last year, the business posted $1.64 EPS. On average, equities analysts forecast that Chevron Co. will post 6.68 earnings per share for the current year.

In related news, insider James William Johnson sold 4,750 shares of the firm’s stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $112.20, for a total transaction of $532,950.00. Following the sale, the insider now directly owns 4,750 shares in the company, valued at approximately $532,950. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeanette L. Ourada sold 7,200 shares of the firm’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $116.50, for a total value of $838,800.00. Following the sale, the insider now owns 7,200 shares in the company, valued at $838,800. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,700 shares of company stock worth $1,964,740. Company insiders own 0.46% of the company’s stock.

CVX has been the topic of several research analyst reports. Raymond James set a $135.00 price objective on Chevron and gave the company a “buy” rating in a research note on Thursday, December 20th. Cowen reaffirmed an “outperform” rating and issued a $140.00 price objective (down from $160.00) on shares of Chevron in a research note on Thursday, February 28th. Royal Bank of Canada raised Chevron to a “sector perform” rating and set a $145.00 price objective on the stock in a research note on Wednesday, March 6th. HSBC lowered Chevron from a “buy” rating to a “hold” rating and reduced their price objective for the company from $136.00 to $122.00 in a research note on Monday, January 14th. Finally, Societe Generale reduced their price objective on Chevron from $150.00 to $128.00 and set a “buy” rating on the stock in a research note on Wednesday, December 19th. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $135.89.

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Chevron 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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