GW Henssler & Associates Ltd. lessened its stake in shares of Chevron Co. (NYSE:CVX) by 0.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 127,793 shares of the oil and gas company’s stock after selling 935 shares during the quarter. Chevron comprises about 1.5% of GW Henssler & Associates Ltd.’s investment portfolio, making the stock its 17th biggest position. GW Henssler & Associates Ltd.’s holdings in Chevron were worth $15,016,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the business. Korea Investment CORP boosted its holdings in shares of Chevron by 5.1% during the second quarter. Korea Investment CORP now owns 1,476,610 shares of the oil and gas company’s stock worth $154,055,000 after purchasing an additional 72,173 shares during the last quarter. Numeric Investors LLC boosted its holdings in shares of Chevron by 158.4% during the second quarter. Numeric Investors LLC now owns 52,200 shares of the oil and gas company’s stock worth $5,446,000 after purchasing an additional 32,000 shares during the last quarter. Palisade Asset Management LLC boosted its holdings in shares of Chevron by 20.5% during the second quarter. Palisade Asset Management LLC now owns 109,154 shares of the oil and gas company’s stock worth $11,388,000 after purchasing an additional 18,541 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of Chevron by 24.7% during the second quarter. Toronto Dominion Bank now owns 660,443 shares of the oil and gas company’s stock worth $68,894,000 after purchasing an additional 130,990 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its holdings in shares of Chevron by 124.9% during the second quarter. Meeder Asset Management Inc. now owns 48,670 shares of the oil and gas company’s stock worth $5,077,000 after purchasing an additional 27,034 shares during the last quarter. Hedge funds and other institutional investors own 63.87% of the company’s stock.

Chevron Co. (CVX) opened at $131.30 on Monday. 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 52-week low of $102.55 and a 52-week high of $133.88. The company has a market capitalization of $249,387.80, a PE ratio of 38.28, a price-to-earnings-growth ratio of 2.80 and a beta of 1.21.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.99 by $0.04. Chevron had a return on equity of 4.59% and a net margin of 4.79%. The company had revenue of $36.21 billion for the quarter, compared to analyst estimates of $34.06 billion. During the same period last year, the company posted $0.68 earnings per share. The firm’s revenue was up 20.1% compared to the same quarter last year. equities research analysts anticipate that Chevron Co. will post 4.37 EPS for the current fiscal year.

Several research firms have recently issued reports on CVX. HSBC cut Chevron from a “buy” rating to a “hold” rating in a report on Thursday. Zacks Investment Research lowered Chevron from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Vetr lowered Chevron from a “buy” rating to a “hold” rating and set a $134.35 target price on the stock. in a research report on Thursday, January 11th. BMO Capital Markets raised Chevron from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $120.00 to $140.00 in a research report on Thursday, January 11th. Finally, Bank of America lowered Chevron from a “buy” rating to a “neutral” rating and set a $125.00 target price on the stock. in a research report on Thursday, January 4th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $126.06.

In other Chevron news, Vice Chairman Michael K. Wirth sold 1,229 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $118.00, for a total value of $145,022.00. Following the transaction, the insider now directly owns 1,229 shares of the company’s stock, valued at $145,022. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Patricia E. Yarrington sold 13,143 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $115.01, for a total value of $1,511,576.43. Following the completion of the transaction, the chief financial officer now directly owns 17,981 shares in the company, valued at $2,067,994.81. The disclosure for this sale can be found here. Insiders sold 288,500 shares of company stock worth $33,480,822 over the last three months. 0.38% of the stock is currently owned by corporate insiders.

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Chevron Company 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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