Dfpg Investments Inc. Takes Position in Chevron Co. (CVX)

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Dfpg Investments Inc. purchased a new stake in shares of Chevron Co. (NYSE:CVX) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,456 shares of the oil and gas company’s stock, valued at approximately $594,000.

Several other hedge funds have also added to or reduced their stakes in the company. Sitrin Capital Management LLC raised its stake in shares of Chevron by 0.8% during the fourth quarter. Sitrin Capital Management LLC now owns 39,017 shares of the oil and gas company’s stock valued at $4,245,000 after acquiring an additional 313 shares during the last quarter. James Investment Research Inc. raised its stake in Chevron by 652.2% during the fourth quarter. James Investment Research Inc. now owns 39,643 shares of the oil and gas company’s stock worth $4,313,000 after buying an additional 34,373 shares during the last quarter. Klingenstein Fields & Co. LLC raised its stake in Chevron by 3.5% during the fourth quarter. Klingenstein Fields & Co. LLC now owns 106,024 shares of the oil and gas company’s stock worth $11,534,000 after buying an additional 3,536 shares during the last quarter. Physicians Financial Services Inc. raised its stake in Chevron by 2.3% during the fourth quarter. Physicians Financial Services Inc. now owns 28,135 shares of the oil and gas company’s stock worth $3,061,000 after buying an additional 645 shares during the last quarter. Finally, Mycio Wealth Partners LLC raised its stake in Chevron by 1.1% during the fourth quarter. Mycio Wealth Partners LLC now owns 9,907 shares of the oil and gas company’s stock worth $1,078,000 after buying an additional 109 shares during the last quarter. 66.07% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on the stock. Raymond James set a $135.00 target price on shares of Chevron and gave the stock a “buy” rating in a research note on Thursday, December 20th. HSBC downgraded shares of Chevron from a “buy” rating to a “hold” rating and lowered their target price for the stock from $136.00 to $122.00 in a research note on Monday, January 14th. Royal Bank of Canada reissued a “hold” rating and set a $130.00 target price on shares of Chevron in a research note on Monday, January 7th. Morgan Stanley assumed coverage on shares of Chevron in a research note on Monday, April 1st. They set 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 analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $136.20.

In other news, insider James William Johnson sold 4,750 shares of Chevron stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $125.60, for a total transaction of $596,600.00. Following the completion of the transaction, the insider now directly owns 4,750 shares in the company, valued at $596,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeanette L. Ourada sold 7,200 shares of Chevron stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $116.50, for a total transaction of $838,800.00. Following the transaction, the insider now owns 7,200 shares of the company’s stock, valued at $838,800. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,700 shares of company stock valued at $2,028,390. Insiders own 0.46% of the company’s stock.

CVX opened at $121.17 on Wednesday. Chevron Co. has a 1-year low of $100.22 and a 1-year high of $131.08. The company has a quick ratio of 1.04, a current ratio of 1.25 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $228.27 billion, a price-to-earnings ratio of 15.30, a P/E/G ratio of 4.07 and a beta of 1.03.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, February 1st. The oil and gas company reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.08. Chevron had a net margin of 8.91% and a return on equity of 9.78%. The firm had revenue of $42.35 billion during the quarter, compared to the consensus estimate of $41.46 billion. During the same period in the previous year, the firm posted $1.64 earnings per share. The business’s revenue was up 12.6% compared to the same quarter last year. On average, equities analysts predict that Chevron Co. will post 6.77 earnings per share for the current year.

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Chevron Company 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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