Chevron Co. (NYSE:CVX) Shares Acquired by Saxony Capital Management LLC

Saxony Capital Management LLC grew its stake in Chevron Co. (NYSE:CVX) by 2.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,134 shares of the oil and gas company’s stock after acquiring an additional 101 shares during the period. Saxony Capital Management LLC’s holdings in Chevron were worth $599,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in CVX. Quarry LP increased its stake in Chevron by 172.2% during the second quarter. Quarry LP now owns 411 shares of the oil and gas company’s stock worth $64,000 after purchasing an additional 260 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Chevron by 75.8% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 138,885 shares of the oil and gas company’s stock worth $21,724,000 after buying an additional 59,885 shares during the period. Czech National Bank increased its stake in Chevron by 6.1% during the 3rd quarter. Czech National Bank now owns 346,490 shares of the oil and gas company’s stock worth $51,028,000 after buying an additional 19,878 shares during the period. Curbstone Financial Management Corp boosted its position in Chevron by 3.7% in the 3rd quarter. Curbstone Financial Management Corp now owns 13,604 shares of the oil and gas company’s stock valued at $2,003,000 after buying an additional 486 shares during the period. Finally, Farmers Trust Co. grew its stake in shares of Chevron by 3.6% in the third quarter. Farmers Trust Co. now owns 9,704 shares of the oil and gas company’s stock worth $1,429,000 after acquiring an additional 334 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CVX shares. Citigroup upgraded Chevron from a “neutral” rating to a “buy” rating and lifted their target price for the company from $145.00 to $185.00 in a report on Tuesday, November 26th. Barclays raised their target price on shares of Chevron from $168.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, November 4th. DZ Bank raised Chevron from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a report on Tuesday, November 5th. Raymond James upped their price target on Chevron from $175.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Finally, Scotiabank reduced their price objective on shares of Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Chevron currently has a consensus rating of “Moderate Buy” and an average price target of $175.27.

Insider Activity at Chevron

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $160.13, for a total transaction of $26,357,398.00. Following the completion of the transaction, the chief executive officer now owns 4,280 shares in the company, valued at approximately $685,356.40. This represents a 97.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by insiders.

Chevron Trading Down 4.5 %

NYSE CVX opened at $149.21 on Friday. Chevron Co. has a one year low of $135.37 and a one year high of $167.11. The firm has a market cap of $268.14 billion, a PE ratio of 16.40, a P/E/G ratio of 1.35 and a beta of 1.12. The firm’s fifty day moving average is $153.46 and its two-hundred day moving average is $151.20. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.07.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.42 by ($0.36). Chevron had a net margin of 8.44% and a return on equity of 13.15%. During the same period in the previous year, the company earned $3.45 EPS. Analysts expect that Chevron Co. will post 10.18 earnings per share for the current year.

About Chevron

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.