Todays Report: Today: Chevron Corp. (CVX) Stake Increased by Linscomb & Williams Inc.

Today: Chevron Corp. (CVX) Stake Increased by Linscomb & Williams Inc.

Linscomb & Williams Inc. increased its position in Chevron Corp. (NYSE:CVX) by 8.4% during the second quarter, Holdings Channel reports. The fund owned 46,829 shares of the company’s stock after buying an additional 3,625 shares during the period. Chevron Corp. accounts for approximately 0.5% of Linscomb & Williams Inc.’s investment portfolio, making the stock its 26th largest position. Linscomb & Williams Inc.’s holdings in Chevron Corp. were worth $4,909,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Janney Capital Management LLC raised its position in shares of Chevron Corp. by 12.7% in the second quarter. Janney Capital Management LLC now owns 328,244 shares of the company’s stock worth $34,409,000 after buying an additional 36,921 shares during the period. Brown Advisory Securities LLC raised its position in shares of Chevron Corp. by 6.3% in the second quarter. Brown Advisory Securities LLC now owns 18,989 shares of the company’s stock worth $1,984,000 after buying an additional 1,125 shares during the period. Harfst & Associates Inc. raised its position in shares of Chevron Corp. by 385.1% in the second quarter. Harfst & Associates Inc. now owns 13,982 shares of the company’s stock worth $1,465,000 after buying an additional 11,100 shares during the period. Cypress Capital Management LLC raised its position in shares of Chevron Corp. by 2.1% in the second quarter. Cypress Capital Management LLC now owns 28,712 shares of the company’s stock worth $3,010,000 after buying an additional 593 shares during the period. Finally, QCI Asset Management Inc. NY raised its position in shares of Chevron Corp. by 0.9% in the second quarter. QCI Asset Management Inc. NY now owns 126,481 shares of the company’s stock worth $13,259,000 after buying an additional 1,131 shares during the period. 62.25% of the stock is owned by hedge funds and other institutional investors.

Chevron Corp. (NYSE:CVX) traded up 0.16% during midday trading on Monday, hitting $101.24. The stock had a trading volume of 818,236 shares. Chevron Corp. has a 52 week low of $75.33 and a 52 week high of $107.58. The stock’s market capitalization is $190.99 billion. The company’s 50 day moving average price is $101.00 and its 200-day moving average price is $101.27.

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

A number of brokerages have recently commented on CVX. Vetr lowered Chevron Corp. from a “buy” rating to a “hold” rating and set a $106.39 price target for the company. in a report on Monday, June 27th. Credit Suisse Group AG restated a “neutral” rating and issued a $105.00 target price on shares of Chevron Corp. in a research note on Saturday, August 13th. Jefferies Group restated a “buy” rating on shares of Chevron Corp. in a research note on Friday, August 5th. Simmons upgraded Chevron Corp. from a “neutral” rating to an “overweight” rating and upped their target price for the company from $110.00 to $117.00 in a research note on Tuesday, August 9th. Finally, Zacks Investment Research upgraded Chevron Corp. from a “hold” rating to a “buy” rating and set a $118.00 target price for the company in a research note on Tuesday, July 12th. Thirteen investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $105.89.

In other Chevron Corp. news, insider Jeanette L. Ourada sold 7,000 shares of the company’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $101.70, for a total value of $711,900.00. Following the sale, the insider now owns 7,535 shares in the company, valued at approximately $766,309.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Pierre R. Breber sold 21,000 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $98.77, for a total value of $2,074,170.00. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

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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