Trade Report: The Trustco Bank Corp N Y invests in 200 by purchasing Chevron Corp. (CVX) shares

The Trustco Bank Corp N Y invests in 200 by purchasing Chevron Corp. (CVX) shares

Trustco Bank Corp N Y increased its stake in shares of Chevron Corp. (NYSE:CVX) by 0.9% during the second quarter, Holdings Channel reports. The fund owned 22,940 shares of the company’s stock after buying an additional 200 shares during the period. Chevron Corp. accounts for about 2.4% of Trustco Bank Corp N Y’s portfolio, making the stock its 10th largest position. Trustco Bank Corp N Y’s holdings in Chevron Corp. were worth $2,405,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CVX. RPg Family Wealth Advisory LLC raised its stake in shares of Chevron Corp. by 14.5% in the first quarter. RPg Family Wealth Advisory LLC now owns 1,058 shares of the company’s stock worth $101,000 after buying an additional 134 shares during the last quarter. Marshall & Sullivan Inc. WA increased its position in shares of Chevron Corp. by 4.0% in the first quarter. Marshall & Sullivan Inc. WA now owns 1,825 shares of the company’s stock valued at $174,000 after buying an additional 71 shares during the last quarter. Carnick & Kubik LLC purchased a new position in shares of Chevron Corp. during the first quarter valued at approximately $188,000. Exane Derivatives increased its position in shares of Chevron Corp. by 57.3% in the first quarter. Exane Derivatives now owns 1,994 shares of the company’s stock valued at $190,000 after buying an additional 726 shares during the last quarter. Finally, Sterling Investment Advisors LLC ADV purchased a new position in shares of Chevron Corp. during the second quarter valued at approximately $203,000. Institutional investors and hedge funds own 62.24% of the company’s stock.

Chevron Corp. (NYSE:CVX) traded up 0.53% during trading on Friday, reaching $101.32. The company’s stock had a trading volume of 1,217,881 shares. The stock’s market capitalization is $191.14 billion. Chevron Corp. has a 1-year low of $75.33 and a 1-year high of $107.58. The stock has a 50 day moving average price of $101.02 and a 200 day moving average price of $101.23.

Chevron Corp. (NYSE:CVX) last released its quarterly earnings results on Friday, July 29th. The company reported ($0.78) earnings per share for the quarter, missing the consensus estimate of $0.32 by $1.10. The company had revenue of $29.28 billion for the quarter, compared to analysts’ expectations of $25.78 billion. Chevron Corp. had a positive return on equity of 1.07% and a negative net margin of 0.64%. The business’s quarterly revenue was down 27.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.30 EPS. Analysts anticipate that Chevron Corp. will post $1.31 earnings per share for the current fiscal year.

Several research analysts recently commented on the stock. Vetr downgraded shares of Chevron Corp. from a “strong-buy” rating to a “buy” rating and set a $112.29 target price on the stock. in a research note on Monday. Barclays PLC reaffirmed an “equal weight” rating and issued a $125.00 target price on shares of Chevron Corp. in a research note on Monday. Exane BNP Paribas assumed coverage on shares of Chevron Corp. in a research note on Monday. They issued a “neutral” rating and a $102.00 target price on the stock. Zacks Investment Research downgraded shares of Chevron Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 5th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $117.00 target price on shares of Chevron Corp. in a research note on Monday, September 26th. Thirteen analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $105.09.

In related news, Director Inge G. Thulin purchased 487 shares of the company’s stock in a transaction on Monday, August 15th. The stock was bought at an average price of $102.87 per share, with a total value of $50,097.69. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeanette L. Ourada sold 7,000 shares of the firm’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $101.70, for a total value of $711,900.00. Following the transaction, the insider now directly owns 7,535 shares of the company’s stock, valued at approximately $766,309.50. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Chevron Corp. 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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