Chevron Co. (CVX) Stake Raised by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC increased its holdings in shares of Chevron Co. (NYSE:CVX) by 2.6% during the third quarter, HoldingsChannel.com reports. The fund owned 33,953 shares of the oil and gas company’s stock after buying an additional 868 shares during the period. Chevron comprises approximately 2.0% of Alpha Omega Wealth Management LLC’s holdings, making the stock its 8th biggest position. Alpha Omega Wealth Management LLC’s holdings in Chevron were worth $3,989,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Candriam Luxembourg S.C.A. boosted its holdings in Chevron by 22.3% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 148,246 shares of the oil and gas company’s stock worth $17,419,000 after buying an additional 27,051 shares during the last quarter. Community Trust & Investment Co. boosted its holdings in Chevron by 1.1% in the 3rd quarter. Community Trust & Investment Co. now owns 133,741 shares of the oil and gas company’s stock worth $15,715,000 after buying an additional 1,462 shares during the last quarter. Breton Hill Capital Ltd. boosted its holdings in Chevron by 43.5% in the 3rd quarter. Breton Hill Capital Ltd. now owns 16,746 shares of the oil and gas company’s stock worth $1,968,000 after buying an additional 5,076 shares during the last quarter. Goodman Financial Corp acquired a new stake in Chevron in the 3rd quarter worth about $5,175,000. Finally, Bessemer Group Inc. boosted its holdings in Chevron by 44.8% in the 3rd quarter. Bessemer Group Inc. now owns 720,852 shares of the oil and gas company’s stock worth $84,701,000 after buying an additional 223,032 shares during the last quarter. Hedge funds and other institutional investors own 63.84% of the company’s stock.

A number of research firms have weighed in on CVX. Jefferies Group reissued a “buy” rating and issued a $137.00 target price (up from $113.54) on shares of Chevron in a research note on Monday, October 30th. Zacks Investment Research raised shares of Chevron from a “hold” rating to a “buy” rating and set a $131.00 target price on the stock in a research note on Friday, November 10th. Citigroup raised their target price on shares of Chevron from $118.00 to $128.00 and gave the stock a “buy” rating in a research note on Monday, October 30th. HSBC lowered shares of Chevron from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Wolfe Research raised shares of Chevron from a “market perform” rating to an “outperform” rating in a research note on Monday, October 16th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Chevron currently has an average rating of “Hold” and an average price target of $126.06.

Shares of Chevron Co. (NYSE CVX) opened at $131.30 on Friday. The company has a market cap of $249,390.00, a P/E ratio of 38.28, a PEG ratio of 2.83 and a beta of 1.21. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.23. Chevron Co. has a 12-month low of $102.55 and a 12-month high of $133.88.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, October 27th. The oil and gas company reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.04. The firm had revenue of $36.21 billion for the quarter, compared to analyst estimates of $34.06 billion. Chevron had a net margin of 4.79% and a return on equity of 4.59%. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.68 EPS. analysts forecast that Chevron Co. will post 4.35 earnings per share for the current year.

In other Chevron news, Vice Chairman Michael K. Wirth sold 1,229 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $118.00, for a total value of $145,022.00. Following the sale, the insider now owns 1,229 shares of the company’s stock, valued at $145,022. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Pierre R. Breber sold 23,250 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $116.85, for a total value of $2,716,762.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 288,500 shares of company stock worth $33,480,822. Corporate insiders own 0.38% of the company’s stock.

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About Chevron

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.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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