Keudell Morrison Wealth Management raised its holdings in Chevron Co. (NYSE:CVX) by 3.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 18,699 shares of the oil and gas company’s stock after acquiring an additional 580 shares during the period. Chevron accounts for 1.4% of Keudell Morrison Wealth Management’s holdings, making the stock its 16th biggest holding. Keudell Morrison Wealth Management’s holdings in Chevron were worth $1,669,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CVX. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Chevron by 48.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 636,764 shares of the oil and gas company’s stock worth $76,736,000 after acquiring an additional 208,803 shares during the period. Vigilare Wealth Management acquired a new stake in Chevron in the 4th quarter worth about $1,024,000. Sequoia Financial Advisors LLC boosted its holdings in Chevron by 0.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 16,189 shares of the oil and gas company’s stock worth $1,951,000 after buying an additional 145 shares during the last quarter. Level Four Advisory Services LLC boosted its holdings in Chevron by 9.9% in the 4th quarter. Level Four Advisory Services LLC now owns 20,887 shares of the oil and gas company’s stock worth $2,991,000 after buying an additional 1,875 shares during the last quarter. Finally, Ally Financial Inc. boosted its holdings in Chevron by 21.4% in the 4th quarter. Ally Financial Inc. now owns 102,000 shares of the oil and gas company’s stock worth $12,292,000 after buying an additional 18,000 shares during the last quarter. Institutional investors and hedge funds own 64.60% of the company’s stock.

Shares of CVX traded up $2.93 during midday trading on Tuesday, reaching $88.35. The stock had a trading volume of 7,409,711 shares, compared to its average volume of 7,663,250. Chevron Co. has a 1-year low of $51.60 and a 1-year high of $127.00. The company’s fifty day simple moving average is $91.27 and its two-hundred day simple moving average is $95.29. The company has a market cap of $159.12 billion, a price-to-earnings ratio of 42.78, a PEG ratio of 52.94 and a beta of 1.29. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.01 and a quick ratio of 0.78.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $1.29. Chevron had a net margin of 2.71% and a return on equity of 8.28%. The business had revenue of $31.50 billion for the quarter, compared to analyst estimates of $30.46 billion. During the same period last year, the business earned $1.47 EPS. The company’s revenue was down 10.5% on a year-over-year basis. On average, sell-side analysts forecast that Chevron Co. will post 0.32 earnings per share for the current year.

Several equities research analysts recently issued reports on CVX shares. cut Chevron from a “buy” rating to a “neutral” rating in a report on Tuesday, June 9th. Goldman Sachs Group downgraded shares of Chevron from a “conviction-buy” rating to a “buy” rating in a report on Monday, May 4th. ValuEngine downgraded shares of Chevron from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Craig Hallum increased their price objective on shares of Chevron from $81.00 to $100.00 and gave the company a “buy” rating in a report on Monday, May 4th. Finally, UBS Group downgraded shares of Chevron from a “buy” rating to a “neutral” rating and set a $95.00 price objective for the company. in a report on Tuesday, May 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $110.64.

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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