Chevron Co. (CVX) Shares Sold by BB&T Corp

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BB&T Corp reduced its stake in shares of Chevron Co. (NYSE:CVX) by 0.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 225,444 shares of the oil and gas company’s stock after selling 146 shares during the period. BB&T Corp’s holdings in Chevron were worth $24,526,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. James Investment Research Inc. grew its stake in shares of Chevron by 652.2% during the 4th quarter. James Investment Research Inc. now owns 39,643 shares of the oil and gas company’s stock worth $4,313,000 after acquiring an additional 34,373 shares in the last quarter. Klingenstein Fields & Co. LLC grew its stake in shares of Chevron by 3.5% during the 4th quarter. Klingenstein Fields & Co. LLC now owns 106,024 shares of the oil and gas company’s stock worth $11,534,000 after acquiring an additional 3,536 shares in the last quarter. Physicians Financial Services Inc. grew its stake in shares of Chevron by 2.3% during the 4th quarter. Physicians Financial Services Inc. now owns 28,135 shares of the oil and gas company’s stock worth $3,061,000 after acquiring an additional 645 shares in the last quarter. Mycio Wealth Partners LLC grew its stake in shares of Chevron by 1.1% during the 4th quarter. Mycio Wealth Partners LLC now owns 9,907 shares of the oil and gas company’s stock worth $1,078,000 after acquiring an additional 109 shares in the last quarter. Finally, Gillespie Robinson & Grimm Inc. grew its stake in shares of Chevron by 20.7% during the 4th quarter. Gillespie Robinson & Grimm Inc. now owns 194,924 shares of the oil and gas company’s stock worth $21,206,000 after acquiring an additional 33,363 shares in the last quarter. Hedge funds and other institutional investors own 66.07% of the company’s stock.

Several brokerages have recently weighed in on CVX. Raymond James set a $135.00 price target on shares of Chevron and gave the stock a “buy” rating in a research note on Thursday, December 20th. HSBC cut shares of Chevron from a “buy” rating to a “hold” rating and decreased their target price for the company from $136.00 to $122.00 in a research note on Monday, January 14th. Royal Bank of Canada reissued a “hold” rating and issued a $130.00 target price on shares of Chevron in a research note on Monday, January 7th. Morgan Stanley began coverage on shares of Chevron in a research note on Monday, April 1st. They issued an “overweight” rating and a $146.00 target price for the company. Finally, UBS Group raised shares of Chevron from a “neutral” rating to a “buy” rating and set a $112.95 target price for the company in a research note on Friday, January 18th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Chevron has an average rating of “Buy” and a consensus target price of $136.20.

In related news, insider James William Johnson sold 4,750 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $125.60, for a total value of $596,600.00. Following the completion of the transaction, the insider now owns 4,750 shares of the company’s stock, valued at $596,600. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jeanette L. Ourada sold 7,200 shares of the business’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 completion of the transaction, the insider now directly owns 7,200 shares of the company’s stock, valued at approximately $838,800. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,700 shares of company stock valued at $2,028,390. 0.46% of the stock is owned by insiders.

CVX opened at $120.14 on Tuesday. Chevron Co. has a fifty-two week low of $100.22 and a fifty-two week high of $131.08. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.25 and a quick ratio of 1.04. The firm has a market cap of $227.55 billion, a PE ratio of 14.56, a PEG ratio of 3.79 and a beta of 1.03.

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

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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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