Genovese Burford & Brothers Wealth & Retirement Plan Management LLC Has $1.73 Million Position in Chevron Co. (CVX)

Genovese Burford & Brothers Wealth & Retirement Plan Management LLC reduced its stake in Chevron Co. (NYSE:CVX) by 3.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 13,669 shares of the oil and gas company’s stock after selling 437 shares during the quarter. Chevron makes up 0.6% of Genovese Burford & Brothers Wealth & Retirement Plan Management LLC’s investment portfolio, making the stock its 11th largest holding. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC’s holdings in Chevron were worth $1,728,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Live Your Vision LLC lifted its holdings in shares of Chevron by 308.0% during the second quarter. Live Your Vision LLC now owns 816 shares of the oil and gas company’s stock worth $101,000 after buying an additional 616 shares during the last quarter. Advisors Preferred LLC acquired a new position in shares of Chevron during the first quarter worth approximately $110,000. Litman Gregory Asset Management LLC lifted its holdings in shares of Chevron by 566.9% during the first quarter. Litman Gregory Asset Management LLC now owns 1,147 shares of the oil and gas company’s stock worth $131,000 after buying an additional 975 shares during the last quarter. Point72 Asia Hong Kong Ltd lifted its holdings in shares of Chevron by 20,716.7% during the first quarter. Point72 Asia Hong Kong Ltd now owns 1,249 shares of the oil and gas company’s stock worth $142,000 after buying an additional 1,243 shares during the last quarter. Finally, BigSur Wealth Management LLC acquired a new position in shares of Chevron during the second quarter worth approximately $200,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

In other Chevron news, insider James William Johnson sold 4,750 shares of the company’s stock in a transaction on Thursday, October 11th. The stock was sold at an average price of $119.97, for a total value of $569,857.50. Following the sale, the insider now directly owns 4,750 shares in the company, valued at $569,857.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

CVX has been the subject of a number of research analyst reports. Royal Bank of Canada reiterated a “neutral” rating and set a $145.00 price target on shares of Chevron in a report on Monday, July 2nd. Credit Suisse Group set a $132.00 price target on Chevron and gave the stock a “hold” rating in a report on Sunday, July 1st. Macquarie lowered Chevron from an “outperform” rating to a “neutral” rating and set a $125.00 price target for the company. in a report on Tuesday, July 3rd. Barclays upped their price target on Chevron from $145.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday, July 11th. Finally, Zacks Investment Research lowered Chevron from a “buy” rating to a “hold” rating in a research note on Monday, July 23rd. Nine research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Chevron presently has an average rating of “Buy” and a consensus target price of $136.83.

Shares of NYSE CVX opened at $117.51 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.08 and a quick ratio of 0.87. The firm has a market capitalization of $234.31 billion, a P/E ratio of 31.76, a PEG ratio of 2.14 and a beta of 1.07. Chevron Co. has a one year low of $108.02 and a one year high of $133.88.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, July 27th. The oil and gas company reported $1.78 earnings per share for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.31). Chevron had a net margin of 7.87% and a return on equity of 6.89%. The company had revenue of $42.24 billion during the quarter, compared to the consensus estimate of $46.62 billion. During the same quarter last year, the company earned $0.77 earnings per share. The business’s revenue was up 22.5% on a year-over-year basis. Equities analysts anticipate that Chevron Co. will post 8.17 EPS for the current year.

Chevron Company 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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