Tradition Capital Management LLC decreased its holdings in Chevron Co. (NYSE:CVX) by 7.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,168 shares of the oil and gas company’s stock after selling 1,100 shares during the quarter. Tradition Capital Management LLC owned approximately 6.95% of Chevron worth $1,547,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Jaffetilchin Investment Partners LLC boosted its position in Chevron by 35.2% during the third quarter. Jaffetilchin Investment Partners LLC now owns 7,011 shares of the oil and gas company’s stock valued at $824,000 after acquiring an additional 1,825 shares during the last quarter. Morgan Dempsey Capital Management LLC raised its holdings in shares of Chevron by 6.6% during the third quarter. Morgan Dempsey Capital Management LLC now owns 52,296 shares of the oil and gas company’s stock valued at $6,142,000 after purchasing an additional 3,260 shares during the period. Bank of Hawaii raised its holdings in shares of Chevron by 7.2% during the third quarter. Bank of Hawaii now owns 73,116 shares of the oil and gas company’s stock valued at $8,591,000 after purchasing an additional 4,937 shares during the period. Advisor Partners LLC raised its holdings in shares of Chevron by 7.9% during the third quarter. Advisor Partners LLC now owns 45,881 shares of the oil and gas company’s stock valued at $5,391,000 after purchasing an additional 3,341 shares during the period. Finally, Fiduciary Trust Co. raised its holdings in shares of Chevron by 2.1% during the third quarter. Fiduciary Trust Co. now owns 194,554 shares of the oil and gas company’s stock valued at $22,860,000 after purchasing an additional 4,079 shares during the period. 63.84% of the stock is currently owned by institutional investors.

In related news, CFO Patricia E. Yarrington sold 116,857 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $115.29, for a total value of $13,472,443.53. Following the sale, the chief financial officer now owns 39,506 shares in the company, valued at approximately $4,554,646.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Pierre R. Breber sold 23,250 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $119.00, for a total transaction of $2,766,750.00. Following the completion of the sale, the insider now directly owns 42,182 shares of the company’s stock, valued at $5,019,658. The disclosure for this sale can be found here. Insiders sold a total of 288,500 shares of company stock worth $33,480,822 in the last 90 days. 0.38% of the stock is currently owned by company insiders.

Shares of Chevron Co. (CVX) opened at $131.59 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 0.84. Chevron Co. has a fifty-two week low of $102.55 and a fifty-two week high of $133.88. The firm has a market cap of $249,940.00, a PE ratio of 38.36, a P/E/G ratio of 2.84 and a beta of 1.21.

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

Several equities analysts have recently weighed in on the stock. HSBC lowered shares of Chevron from a “buy” rating to a “hold” rating in a report on Thursday. Zacks Investment Research lowered shares of Chevron from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Vetr lowered shares of Chevron from a “buy” rating to a “hold” rating and set a $134.35 price objective on the stock. in a report on Thursday, January 11th. Bank of America lowered shares of Chevron from a “buy” rating to a “neutral” rating and set a $125.00 price objective on the stock. in a report on Thursday, January 4th. They noted that the move was a valuation call. Finally, Jefferies Group reiterated a “buy” rating and set a $137.00 price objective on shares of Chevron in a report on Thursday, October 19th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the stock. Chevron has a consensus rating of “Hold” and an average price target of $126.06.

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Chevron Profile

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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