Aspiriant LLC lessened its position in shares of Chevron Co. (NYSE:CVX) by 84.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,597 shares of the oil and gas company’s stock after selling 29,792 shares during the quarter. Aspiriant LLC’s holdings in Chevron were worth $701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Chevron by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 139,626,287 shares of the oil and gas company’s stock valued at $14,567,210,000 after purchasing an additional 3,920,240 shares during the period. Capital World Investors raised its stake in shares of Chevron by 9.8% during the 2nd quarter. Capital World Investors now owns 35,546,848 shares of the oil and gas company’s stock valued at $3,708,603,000 after purchasing an additional 3,182,250 shares during the period. Janus Henderson Group PLC raised its stake in shares of Chevron by 669.9% during the 2nd quarter. Janus Henderson Group PLC now owns 3,230,554 shares of the oil and gas company’s stock valued at $337,050,000 after purchasing an additional 2,810,928 shares during the period. First Eagle Investment Management LLC raised its stake in shares of Chevron by 305,886.4% during the 3rd quarter. First Eagle Investment Management LLC now owns 2,613,124 shares of the oil and gas company’s stock valued at $307,042,000 after purchasing an additional 2,612,270 shares during the period. Finally, BlackRock Inc. increased its stake in Chevron by 1.6% in the 2nd quarter. BlackRock Inc. now owns 124,678,992 shares of the oil and gas company’s stock worth $13,007,759,000 after acquiring an additional 1,975,865 shares during the last quarter. 64.98% of the stock is currently owned by hedge funds and other institutional investors.
CVX opened at $119.25 on Thursday. Chevron Co. has a 12-month low of $102.55 and a 12-month high of $133.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.03 and a quick ratio of 0.83. The stock has a market capitalization of $221,551.16, a PE ratio of 32.23, a PEG ratio of 2.28 and a beta of 1.16.
A number of brokerages have weighed in on CVX. Vetr upgraded Chevron from a “hold” rating to a “buy” rating and set a $117.38 target price on the stock in a research note on Tuesday, April 3rd. Credit Suisse Group decreased their target price on Chevron from $129.00 to $123.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 7th. DZ Bank upgraded Chevron from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Bank of America upgraded Chevron from a “neutral” rating to a “buy” rating and upped their target price for the stock from $113.61 to $138.00 in a research note on Wednesday, February 28th. They noted that the move was a valuation call. Finally, BNP Paribas upgraded Chevron from an “underperform” rating to a “neutral” rating in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $129.79.
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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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