Public Employees Retirement Association of Colorado boosted its position in Chevron Co. (NYSE:CVX) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,697,430 shares of the oil and gas company’s stock after purchasing an additional 130,271 shares during the quarter. Chevron comprises approximately 1.4% of Public Employees Retirement Association of Colorado’s investment portfolio, making the stock its 9th largest position. Public Employees Retirement Association of Colorado owned about 0.09% of Chevron worth $212,501,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CVX. Acrospire Investment Management LLC increased its stake in shares of Chevron by 133.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after acquiring an additional 800 shares during the last quarter. Accurate Investment Solutions Inc. increased its stake in shares of Chevron by 59.1% in the 3rd quarter. Accurate Investment Solutions Inc. now owns 1,352 shares of the oil and gas company’s stock worth $159,000 after acquiring an additional 502 shares during the last quarter. Ffcm LLC increased its stake in shares of Chevron by 121.1% in the 2nd quarter. Ffcm LLC now owns 1,501 shares of the oil and gas company’s stock worth $160,000 after acquiring an additional 822 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Chevron in the 2nd quarter worth $160,000. Finally, Intellectus Partners LLC increased its stake in shares of Chevron by 1.0% in the 2nd quarter. Intellectus Partners LLC now owns 1,557 shares of the oil and gas company’s stock worth $162,000 after acquiring an additional 15 shares during the last quarter. 64.97% of the stock is owned by hedge funds and other institutional investors.
In related news, VP R. Hewitt Pate sold 25,500 shares of the firm’s stock in a transaction dated Tuesday, April 17th. The stock was sold at an average price of $121.97, for a total transaction of $3,110,235.00. Following the completion of the transaction, the vice president now directly owns 25,500 shares in the company, valued at approximately $3,110,235. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.38% of the company’s stock.
Shares of Chevron stock opened at $123.71 on Friday. Chevron Co. has a 12 month low of $102.55 and a 12 month high of $133.88. The stock has a market cap of $232,019.33, a P/E ratio of 33.44, a PEG ratio of 2.36 and a beta of 1.16. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.03 and a quick ratio of 0.83.
Chevron (NYSE:CVX) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.54). Chevron had a net margin of 6.49% and a return on equity of 5.22%. The firm had revenue of $37.62 billion for the quarter, compared to analysts’ expectations of $38.43 billion. During the same quarter last year, the business earned $0.22 earnings per share. The business’s revenue was up 19.4% compared to the same quarter last year. equities analysts expect that Chevron Co. will post 6.45 EPS for the current fiscal year.
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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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