LaFleur & Godfrey LLC Takes Position in Chevron Corporation (CVX)

LaFleur & Godfrey LLC acquired a new position in shares of Chevron Corporation (NYSE:CVX) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,764 shares of the oil and gas company’s stock, valued at approximately $1,585,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Orgel Wealth Management LLC increased its position in shares of Chevron Corporation by 0.8% in the first quarter. Orgel Wealth Management LLC now owns 2,346 shares of the oil and gas company’s stock valued at $252,000 after buying an additional 18 shares during the last quarter. Westbourne Investment Advisors Inc. increased its position in shares of Chevron Corporation by 0.4% in the first quarter. Westbourne Investment Advisors Inc. now owns 7,435 shares of the oil and gas company’s stock valued at $798,000 after buying an additional 33 shares during the last quarter. Court Place Advisors LLC increased its position in shares of Chevron Corporation by 0.6% in the first quarter. Court Place Advisors LLC now owns 5,968 shares of the oil and gas company’s stock valued at $641,000 after buying an additional 36 shares during the last quarter. Evanson Asset Management LLC increased its position in shares of Chevron Corporation by 0.5% in the first quarter. Evanson Asset Management LLC now owns 9,521 shares of the oil and gas company’s stock valued at $1,022,000 after buying an additional 44 shares during the last quarter. Finally, Chilton Capital Management LLC increased its position in shares of Chevron Corporation by 0.6% in the fourth quarter. Chilton Capital Management LLC now owns 8,469 shares of the oil and gas company’s stock valued at $997,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 62.56% of the company’s stock.

Chevron Corporation (NYSE:CVX) opened at 104.39 on Wednesday. The stock has a market cap of $197.77 billion, a PE ratio of 67.74 and a beta of 1.23. Chevron Corporation has a 52-week low of $97.53 and a 52-week high of $119.00. The firm has a 50 day moving average of $104.80 and a 200-day moving average of $108.29.

Chevron Corporation (NYSE:CVX) last released its earnings results on Friday, April 28th. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.56. The firm had revenue of $33.42 billion during the quarter, compared to analyst estimates of $34.05 billion. Chevron Corporation had a net margin of 2.34% and a return on equity of 3.58%. The business’s revenue was up 42.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.39) EPS. Equities analysts anticipate that Chevron Corporation will post $3.74 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “LaFleur & Godfrey LLC Takes Position in Chevron Corporation (CVX)” was originally posted by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this report on another domain, it was copied illegally and republished in violation of US and international copyright & trademark legislation. The legal version of this report can be accessed at https://sportsperspectives.com/2017/07/26/lafleur-godfrey-llc-takes-position-in-chevron-corporation-cvx.html.

Several research analysts have commented on CVX shares. Vetr raised shares of Chevron Corporation from a “buy” rating to a “strong-buy” rating and set a $120.46 price target for the company in a report on Friday, April 14th. BidaskClub downgraded shares of Chevron Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. Scotiabank set a $114.00 price objective on shares of Chevron Corporation and gave the stock a “buy” rating in a report on Monday, May 1st. Wells Fargo & Company downgraded shares of Chevron Corporation to an “outperform” rating and dropped their price objective for the stock from $124.00 to $102.00 in a report on Monday, July 17th. Finally, Exane BNP Paribas downgraded shares of Chevron Corporation from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $105.00 to $100.00 in a report on Friday, May 26th. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $116.37.

About Chevron Corporation

Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream.

Institutional Ownership by Quarter for Chevron Corporation (NYSE:CVX)

Receive News & Ratings for Chevron Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply