Doliver Capital Advisors LP Invests $798,000 in Chevron Co. (CVX)

Doliver Capital Advisors LP acquired a new stake in shares of Chevron Co. (NYSE:CVX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,788 shares of the oil and gas company’s stock, valued at approximately $798,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Valley National Advisers Inc. grew its holdings in Chevron by 0.4% in the 2nd quarter. Valley National Advisers Inc. now owns 2,612 shares of the oil and gas company’s stock valued at $273,000 after buying an additional 11 shares during the last quarter. Deschutes Portfolio Strategy LLC grew its holdings in Chevron by 0.5% in the 2nd quarter. Deschutes Portfolio Strategy LLC now owns 2,889 shares of the oil and gas company’s stock valued at $301,000 after buying an additional 13 shares during the last quarter. Regis Management CO LLC grew its holdings in Chevron by 0.4% in the 2nd quarter. Regis Management CO LLC now owns 3,269 shares of the oil and gas company’s stock valued at $341,000 after buying an additional 14 shares during the last quarter. Keel Point LLC grew its holdings in Chevron by 0.5% in the 2nd quarter. Keel Point LLC now owns 2,759 shares of the oil and gas company’s stock valued at $288,000 after buying an additional 14 shares during the last quarter. Finally, FCG Advisors LLC grew its holdings in Chevron by 0.4% in the 2nd quarter. FCG Advisors LLC now owns 3,907 shares of the oil and gas company’s stock valued at $408,000 after buying an additional 15 shares during the last quarter. 63.84% of the stock is currently owned by institutional investors and hedge funds.

Chevron Co. (NYSE:CVX) opened at $131.30 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $249,390.00, a P/E ratio of 38.28, a P/E/G ratio of 2.83 and a beta of 1.21. Chevron Co. has a 52-week low of $102.55 and a 52-week high of $133.88.

Chevron (NYSE:CVX) last posted its earnings results on Friday, October 27th. The oil and gas company reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.04. The business had revenue of $36.21 billion during the quarter, compared to the consensus estimate of $34.06 billion. Chevron had a return on equity of 4.59% and a net margin of 4.79%. Chevron’s revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the company earned $0.68 EPS. analysts forecast that Chevron Co. will post 4.35 earnings per share for the current fiscal year.

CVX has been the topic of a number of research analyst reports. TheStreet raised Chevron from a “c+” rating to a “b” rating in a report on Monday, October 23rd. Jefferies Group reissued a “buy” rating and set a $137.00 price objective on shares of Chevron in a report on Thursday, October 19th. Bank of America reissued a “buy” rating and set a $125.00 price objective (up previously from $120.00) on shares of Chevron in a report on Tuesday, October 3rd. Citigroup lifted their price objective on Chevron from $118.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, October 30th. Finally, Zacks Investment Research raised Chevron from a “hold” rating to a “buy” rating and set a $127.00 price objective on the stock in a report on Tuesday, October 31st. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $126.06.

In related news, Vice Chairman Michael K. Wirth sold 1,229 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $118.00, for a total transaction of $145,022.00. Following the completion of the transaction, the insider now owns 1,229 shares in the company, valued at approximately $145,022. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Pierre R. Breber sold 23,250 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $119.00, for a total value of $2,766,750.00. Following the transaction, the insider now owns 42,182 shares of the company’s stock, valued at approximately $5,019,658. The disclosure for this sale can be found here. Insiders have sold a total of 288,500 shares of company stock valued at $33,480,822 in the last 90 days. 0.38% of the stock is owned by corporate insiders.

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About Chevron

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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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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