Chevron Corporation (CVX) Stake Increased by Windward Capital Management Co. CA

Windward Capital Management Co. CA increased its position in Chevron Corporation (NYSE:CVX) by 9.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,938 shares of the oil and gas company’s stock after buying an additional 707 shares during the period. Windward Capital Management Co. CA’s holdings in Chevron Corporation were worth $828,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CVX. State Street Corp raised its stake in shares of Chevron Corporation by 1.1% in the first quarter. State Street Corp now owns 118,769,549 shares of the oil and gas company’s stock worth $12,752,287,000 after buying an additional 1,261,078 shares during the period. Norges Bank bought a new stake in shares of Chevron Corporation during the fourth quarter worth about $2,183,692,000. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Chevron Corporation by 1.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,721,044 shares of the oil and gas company’s stock worth $614,268,000 after buying an additional 54,154 shares during the period. Teachers Advisors LLC raised its position in Chevron Corporation by 14.9% in the fourth quarter. Teachers Advisors LLC now owns 4,416,166 shares of the oil and gas company’s stock valued at $519,783,000 after buying an additional 573,660 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in Chevron Corporation by 4.0% in the second quarter. Fisher Asset Management LLC now owns 3,799,120 shares of the oil and gas company’s stock valued at $396,362,000 after buying an additional 147,750 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Shares of Chevron Corporation (CVX) opened at 104.46 on Thursday. The firm has a market capitalization of $197.91 billion, a PE ratio of 67.79 and a beta of 1.23. The company’s 50-day moving average price is $104.80 and its 200-day moving average price is $108.60. Chevron Corporation has a 12-month low of $97.53 and a 12-month high of $119.00.

Chevron Corporation (NYSE:CVX) last announced its quarterly earnings data on Friday, April 28th. The oil and gas company reported $1.41 EPS for the quarter, beating the consensus estimate of $0.85 by $0.56. Chevron Corporation had a net margin of 2.34% and a return on equity of 3.58%. The business had revenue of $33.42 billion during the quarter, compared to the consensus estimate of $34.05 billion. During the same period in the previous year, the business earned ($0.39) earnings per share. The company’s revenue was up 42.0% on a year-over-year basis. Analysts anticipate that Chevron Corporation will post $3.87 EPS for the current year.

Several research analysts recently weighed in on the company. Wolfe Research lowered Chevron Corporation from an “outperform” rating to a “market perform” rating in a research report on Monday. Wells Fargo & Company lowered Chevron Corporation to an “outperform” rating and dropped their price target for the company from $124.00 to $102.00 in a research report on Monday. Jefferies Group LLC set a $135.00 price target on Chevron Corporation and gave the company a “buy” rating in a research report on Saturday, June 24th. Royal Bank Of Canada lowered Chevron Corporation from a “sector perform” rating to an “underperform” rating and dropped their target price for the stock from $112.00 to $100.00 in a research report on Thursday, July 6th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $125.00 target price (up from $116.00) on shares of Chevron Corporation in a research report on Wednesday, July 12th. Six equities research analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Chevron Corporation presently has a consensus rating of “Hold” and an average price target of $116.28.

Chevron Corporation Company Profile

Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream.

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