Hudock Capital Group LLC Increases Stock Position in Chevron Co. (NYSE:CVX)

Hudock Capital Group LLC increased its position in Chevron Co. (NYSE:CVX) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,866 shares of the oil and gas company’s stock after acquiring an additional 424 shares during the period. Chevron comprises approximately 0.9% of Hudock Capital Group LLC’s holdings, making the stock its 25th largest position. Hudock Capital Group LLC’s holdings in Chevron were worth $2,655,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Price Wealth LLC increased its stake in shares of Chevron by 105.8% in the 4th quarter. Price Wealth LLC now owns 284 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 146 shares in the last quarter. Transamerica Financial Advisors Inc. purchased a new stake in shares of Chevron in the 2nd quarter worth $46,000. Quantum Capital Management purchased a new stake in shares of Chevron in the 3rd quarter worth $51,000. Lenox Wealth Advisors LLC increased its stake in shares of Chevron by 54.6% in the 4th quarter. Lenox Wealth Advisors LLC now owns 433 shares of the oil and gas company’s stock worth $52,000 after purchasing an additional 153 shares in the last quarter. Finally, Vista Private Wealth Partners. LLC purchased a new stake in shares of Chevron in the 3rd quarter worth $56,000. Institutional investors own 65.57% of the company’s stock.

Shares of Chevron stock opened at $113.31 on Wednesday. The company has a market capitalization of $218.55 billion, a P/E ratio of 16.26, a P/E/G ratio of 4.76 and a beta of 1.02. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.93 and a current ratio of 1.12. The company has a fifty day moving average of $118.33 and a 200 day moving average of $119.31. Chevron Co. has a fifty-two week low of $110.42 and a fifty-two week high of $127.34.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.11). Chevron had a net margin of 8.70% and a return on equity of 8.89%. The company had revenue of $36.12 billion for the quarter, compared to the consensus estimate of $37.69 billion. During the same period last year, the company earned $2.11 EPS. The firm’s revenue for the quarter was down 17.9% on a year-over-year basis. Analysts forecast that Chevron Co. will post 6.36 EPS for the current year.

Several equities research analysts have recently commented on CVX shares. Piper Jaffray Companies started coverage on Chevron in a research note on Tuesday, November 26th. They issued a “buy” rating and a $143.00 price objective for the company. Citigroup lowered Chevron from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. ValuEngine upgraded Chevron from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Berenberg Bank restated a “hold” rating and issued a $128.00 price objective on shares of Chevron in a research note on Thursday, December 12th. Finally, Bank of America lowered Chevron from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. Chevron has a consensus rating of “Hold” and an average price target of $139.00.

In other Chevron news, insider David A. Inchausti sold 15,000 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $119.89, for a total transaction of $1,798,350.00. Following the completion of the transaction, the insider now owns 15,000 shares of the company’s stock, valued at approximately $1,798,350. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Rhonda J. Morris sold 7,800 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $119.68, for a total transaction of $933,504.00. The disclosure for this sale can be found here. Insiders have sold a total of 90,300 shares of company stock valued at $10,904,079 in the last three months. Insiders own 0.31% of the company’s stock.

About Chevron

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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