Boenning & Scattergood Inc. Has $3.60 Million Position in Chevron Co. (CVX)

Boenning & Scattergood Inc. cut its position in Chevron Co. (NYSE:CVX) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,049 shares of the oil and gas company’s stock after selling 450 shares during the period. Chevron comprises about 1.3% of Boenning & Scattergood Inc.’s portfolio, making the stock its 14th largest position. Boenning & Scattergood Inc.’s holdings in Chevron were worth $3,595,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Chevron by 1.3% in the third quarter. Vanguard Group Inc. now owns 149,871,580 shares of the oil and gas company’s stock worth $18,326,297,000 after purchasing an additional 1,897,503 shares during the period. Vanguard Group Inc raised its holdings in Chevron by 1.3% in the third quarter. Vanguard Group Inc now owns 149,871,580 shares of the oil and gas company’s stock worth $18,326,297,000 after purchasing an additional 1,897,503 shares during the period. Capital International Investors raised its holdings in Chevron by 157.4% in the third quarter. Capital International Investors now owns 23,757,783 shares of the oil and gas company’s stock worth $2,905,102,000 after purchasing an additional 14,528,219 shares during the period. Legal & General Group Plc raised its holdings in Chevron by 2.0% in the third quarter. Legal & General Group Plc now owns 9,104,849 shares of the oil and gas company’s stock worth $1,113,352,000 after purchasing an additional 179,653 shares during the period. Finally, Franklin Resources Inc. raised its holdings in Chevron by 0.3% in the third quarter. Franklin Resources Inc. now owns 8,753,977 shares of the oil and gas company’s stock worth $1,070,437,000 after purchasing an additional 23,679 shares during the period. Institutional investors own 66.07% of the company’s stock.

Several brokerages have recently issued reports on CVX. Societe Generale lowered their price objective on shares of Chevron from $150.00 to $128.00 and set a “buy” rating for the company in a research report on Wednesday, December 19th. Credit Suisse Group reissued a “buy” rating and set a $130.00 price objective on shares of Chevron in a research report on Wednesday, December 19th. Raymond James set a $135.00 price objective on shares of Chevron and gave the stock a “buy” rating in a research report on Thursday, December 20th. Zacks Investment Research downgraded shares of Chevron from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 3rd. Finally, Royal Bank of Canada reissued a “hold” rating and set a $130.00 price objective on shares of Chevron in a research report on Monday, January 7th. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $136.20.

Chevron stock opened at $121.17 on Wednesday. The firm has a market capitalization of $228.27 billion, a P/E ratio of 14.69, a price-to-earnings-growth ratio of 3.56 and a beta of 1.03. Chevron Co. has a 1-year low of $100.22 and a 1-year high of $131.08. The company has a quick ratio of 1.04, a current ratio of 1.25 and a debt-to-equity ratio of 0.18.

Chevron (NYSE:CVX) last released its earnings results on Friday, February 1st. The oil and gas company reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.08. The business had revenue of $42.35 billion during the quarter, compared to the consensus estimate of $41.46 billion. Chevron had a net margin of 8.91% and a return on equity of 9.78%. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.64 earnings per share. On average, research analysts anticipate that Chevron Co. will post 6.76 earnings per share for the current year.

In other Chevron news, insider Jeanette L. Ourada sold 7,200 shares of the stock in a transaction on Monday, February 4th. The shares were sold at an average price of $116.50, for a total value of $838,800.00. Following the completion of the sale, the insider now owns 7,200 shares in the company, valued at $838,800. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider James William Johnson sold 4,750 shares of the stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $125.60, for a total transaction of $596,600.00. Following the completion of the sale, the insider now owns 4,750 shares of the company’s stock, valued at approximately $596,600. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,700 shares of company stock valued at $2,028,390. 0.46% of the stock is owned by insiders.

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Chevron Profile

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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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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