Highstreet Asset Management Inc. Has $2.14 Million Holdings in Chevron Co. (CVX)

Highstreet Asset Management Inc. grew its holdings in Chevron Co. (NYSE:CVX) by 13.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,193 shares of the oil and gas company’s stock after acquiring an additional 2,104 shares during the quarter. Highstreet Asset Management Inc.’s holdings in Chevron were worth $2,138,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Shine Investment Advisory Services Inc. bought a new stake in Chevron during the second quarter worth about $106,000. Thompson Davis & CO. Inc. raised its stake in Chevron by 20.0% during the first quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock worth $123,000 after acquiring an additional 191 shares in the last quarter. Winfield Associates Inc. raised its stake in Chevron by 5.1% during the second quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock worth $136,000 after acquiring an additional 63 shares in the last quarter. Daiwa SB Investments Ltd. raised its stake in Chevron by 438.5% during the second quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after acquiring an additional 1,140 shares in the last quarter. Finally, Acrospire Investment Management LLC raised its stake in Chevron by 133.3% during the second 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 in the last quarter. 63.80% of the stock is owned by institutional investors.

In related news, VP R. Hewitt Pate sold 25,500 shares of Chevron stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $120.00, for a total value of $3,060,000.00. Following the completion of the sale, the vice president now owns 25,500 shares of the company’s stock, valued at approximately $3,060,000. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Pierre R. Breber sold 23,250 shares of Chevron stock in a transaction dated 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 completion of the sale, the insider now directly 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 sold a total of 314,000 shares of company stock valued at $36,540,822 over the last three months. 0.38% of the stock is currently owned by insiders.

Chevron Co. (NYSE:CVX) opened at $133.60 on Friday. Chevron Co. has a twelve month low of $102.55 and a twelve month high of $133.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 0.84. The stock has a market capitalization of $253,760.00, a price-to-earnings ratio of 38.95, a P/E/G ratio of 2.96 and a beta of 1.21.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, October 27th. The oil and gas company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. The business had revenue of $36.21 billion during the quarter, compared to analyst estimates of $34.06 billion. Chevron had a return on equity of 4.59% and a net margin of 4.79%. Chevron’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 EPS. analysts predict that Chevron Co. will post 4.35 earnings per share for the current year.

CVX has been the subject of several recent research reports. Vetr downgraded Chevron from a “buy” rating to a “hold” rating and set a $134.35 price objective for the company. in a research note on Thursday. BMO Capital Markets raised Chevron from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $120.00 to $140.00 in a research note on Thursday. Bank of America downgraded Chevron from a “buy” rating to a “neutral” rating and set a $125.00 price objective for the company. in a research note on Thursday, January 4th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Chevron from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Wednesday, December 27th. Finally, Scotiabank reissued a “buy” rating and set a $130.00 target price on shares of Chevron in a research report on Friday, December 22nd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $126.06.

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Chevron 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.

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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