Buckley Wealth Management LLC raised its stake in shares of Chevron Co. (NYSE:CVX) by 7.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,051 shares of the oil and gas company’s stock after buying an additional 4,295 shares during the quarter. Chevron comprises approximately 3.3% of Buckley Wealth Management LLC’s holdings, making the stock its 6th largest position. Buckley Wealth Management LLC’s holdings in Chevron were worth $7,465,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Telemus Capital LLC grew its holdings in shares of Chevron by 3.8% in the third quarter. Telemus Capital LLC now owns 27,732 shares of the oil and gas company’s stock valued at $3,391,000 after purchasing an additional 1,025 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Chevron by 21.2% in the second quarter. Captrust Financial Advisors now owns 38,877 shares of the oil and gas company’s stock valued at $4,915,000 after purchasing an additional 6,788 shares in the last quarter. Signature Estate & Investment Advisors LLC purchased a new position in shares of Chevron in the third quarter valued at $144,000. Reilly Herbert Faulkner III grew its holdings in shares of Chevron by 3.0% in the second quarter. Reilly Herbert Faulkner III now owns 31,616 shares of the oil and gas company’s stock valued at $3,997,000 after purchasing an additional 919 shares in the last quarter. Finally, Brightworth grew its holdings in shares of Chevron by 1.7% in the second quarter. Brightworth now owns 55,440 shares of the oil and gas company’s stock valued at $7,009,000 after purchasing an additional 904 shares in the last quarter. 64.59% of the stock is owned by institutional investors and hedge funds.

In other news, EVP James William Johnson sold 4,750 shares of Chevron stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $120.92, for a total transaction of $574,370.00. Following the completion of the sale, the executive vice president now directly owns 4,750 shares in the company, valued at $574,370. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.46% of the stock is currently owned by company insiders.

A number of research analysts recently weighed in on the stock. Royal Bank of Canada reissued a “hold” rating and issued a $130.00 target price on shares of Chevron in a report on Monday, January 7th. Zacks Investment Research lowered shares of Chevron from a “hold” rating to a “strong sell” rating in a report on Thursday, January 3rd. Raymond James set a $135.00 target price on shares of Chevron and gave the company a “buy” rating in a report on Thursday, December 20th. Credit Suisse Group reaffirmed a “buy” rating and set a $130.00 price objective on shares of Chevron in a research note on Wednesday, December 19th. Finally, Societe Generale dropped their price objective on shares of Chevron from $150.00 to $128.00 and set a “buy” rating for the company in a research note on Wednesday, December 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $135.59.

NYSE CVX opened at $112.54 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. The firm has a market cap of $216.43 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 2.11 and a beta of 1.09. Chevron Co. has a 52 week low of $100.22 and a 52 week high of $133.88.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, November 2nd. The oil and gas company reported $2.11 EPS for the quarter, topping the consensus estimate of $2.06 by $0.05. The company had revenue of $43.99 billion during the quarter, compared to analyst estimates of $47.17 billion. Chevron had a net margin of 8.79% and a return on equity of 8.19%. Chevron’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 earnings per share. Analysts predict that Chevron Co. will post 7.75 EPS for the current fiscal year.

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Chevron 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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