Capital International Inc. CA Has $19.82 Million Stake in Chevron Co. (NYSE:CVX)

Capital International Inc. CA increased its stake in Chevron Co. by 11.7% in the 1st quarter, according to its latest filing with the SEC. The institutional investor now owns $19.82 million worth of Chevron stock. Other institutional investors and hedge funds also made changes to their positions in CVX. Chevron's stock is currently trading at $157.89. Analysts have given the stock a "Moderate Buy" rating with an average target price of $185.67. VP Jeff B. Gustavson sold 3,750 shares of Chevron stock.

Capital International Inc. CA grew its position in Chevron Co. (NYSE:CVX - Free Report) by 11.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 125,640 shares of the oil and gas company's stock after buying an additional 13,135 shares during the quarter. Capital International Inc. CA's holdings in Chevron were worth $19,818,000 as of its most recent SEC filing.

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A number of other institutional investors and hedge funds also recently made changes to their positions in CVX. Camelot Portfolios LLC bought a new position in Chevron during the 4th quarter worth $254,000. Kapstone Financial Advisors LLC lifted its stake in shares of Chevron by 5.3% in the fourth quarter. Kapstone Financial Advisors LLC now owns 4,216 shares of the oil and gas company's stock worth $626,000 after acquiring an additional 211 shares during the period. Eagle Capital Management LLC boosted its holdings in Chevron by 0.5% in the first quarter. Eagle Capital Management LLC now owns 34,455 shares of the oil and gas company's stock valued at $5,435,000 after acquiring an additional 163 shares during the last quarter. Lane & Associates LLC acquired a new stake in Chevron during the 1st quarter valued at approximately $345,000. Finally, Guyasuta Investment Advisors Inc. raised its holdings in Chevron by 1.7% during the 4th quarter. Guyasuta Investment Advisors Inc. now owns 216,593 shares of the oil and gas company's stock worth $32,307,000 after purchasing an additional 3,603 shares during the last quarter. Institutional investors own 72.42% of the company's stock.

Chevron Stock Up 0.2 %

Shares of NYSE:CVX traded up $0.35 during trading on Friday, hitting $157.89. The stock had a trading volume of 5,232,189 shares, compared to its average volume of 7,806,996. The company has a quick ratio of 0.93, a current ratio of 1.23 and a debt-to-equity ratio of 0.13. Chevron Co. has a 12 month low of $139.62 and a 12 month high of $171.70. The company has a market capitalization of $290.99 billion, a PE ratio of 14.53, a PEG ratio of 2.49 and a beta of 1.10. The firm's fifty day moving average is $156.68 and its 200 day moving average is $155.58.

Exxon Mobil or Chevron – Which One May Be a Gusher for Investors?

Chevron (NYSE:CVX - Get Free Report) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.09. The company had revenue of $48.72 billion during the quarter, compared to analyst estimates of $48.42 billion. Chevron had a net margin of 10.21% and a return on equity of 14.40%. Chevron's quarterly revenue was down 4.1% compared to the same quarter last year. During the same period last year, the business earned $3.55 EPS. Analysts anticipate that Chevron Co. will post 12.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CVX has been the subject of several recent research reports. Mizuho boosted their price objective on Chevron from $200.00 to $205.00 and gave the company a "buy" rating in a report on Monday, May 13th. HSBC increased their price target on shares of Chevron from $175.00 to $178.00 and gave the company a "buy" rating in a research report on Tuesday, April 30th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Chevron in a research report on Monday, April 1st. Scotiabank decreased their price target on shares of Chevron from $195.00 to $180.00 and set a "sector outperform" rating for the company in a research note on Friday, July 12th. Finally, Raymond James lifted their price target on shares of Chevron from $170.00 to $174.00 and gave the stock an "outperform" rating in a report on Monday, April 15th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $185.67.

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Get Our Latest Stock Report on CVX

Insider Buying and Selling

In other Chevron news, VP Jeff B. Gustavson sold 3,750 shares of the business's stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $160.23, for a total value of $600,862.50. Following the sale, the vice president now directly owns 477 shares of the company's stock, valued at $76,429.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Chevron news, Director Enrique Hernandez, Jr. sold 2,549 shares of Chevron stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $161.00, for a total value of $410,389.00. Following the completion of the sale, the director now owns 7,647 shares of the company's stock, valued at approximately $1,231,167. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Jeff B. Gustavson sold 3,750 shares of the business's stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $160.23, for a total value of $600,862.50. Following the completion of the transaction, the vice president now owns 477 shares of the company's stock, valued at approximately $76,429.71. The disclosure for this sale can be found here. Insiders have sold 13,946 shares of company stock worth $2,265,971 in the last 90 days. Insiders own 0.20% of the company's stock.

Chevron Profile

(Free Report)

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.

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