Creekmur Asset Management LLC Buys 105 Shares of Chevron Co. (NYSE:CVX)

Creekmur Asset Management LLC lifted its holdings in shares of Chevron Co. (NYSE:CVX) by 13.5% in the first quarter, Holdings Channel.com reports. The fund owned 880 shares of the oil and gas company’s stock after purchasing an additional 105 shares during the quarter. Creekmur Asset Management LLC’s holdings in Chevron were worth $139,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. American Capital Advisory LLC lifted its holdings in Chevron by 403.2% during the 1st quarter. American Capital Advisory LLC now owns 156 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 125 shares during the last quarter. Bare Financial Services Inc bought a new position in Chevron during the 4th quarter valued at about $27,000. Frank Rimerman Advisors LLC bought a new position in Chevron during the 4th quarter valued at about $30,000. Cooksen Wealth LLC bought a new position in Chevron during the 4th quarter valued at about $40,000. Finally, Clear Investment Research LLC lifted its holdings in Chevron by 264.9% during the 4th quarter. Clear Investment Research LLC now owns 281 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 204 shares during the last quarter. 72.42% of the stock is owned by institutional investors.

Chevron Trading Up 0.6 %

Chevron stock traded up $0.95 during midday trading on Wednesday, hitting $160.52. 6,190,811 shares of the stock were exchanged, compared to its average volume of 7,762,805. The company has a fifty day simple moving average of $156.64 and a two-hundred day simple moving average of $155.93. Chevron Co. has a 52 week low of $139.62 and a 52 week high of $171.70. The stock has a market capitalization of $295.83 billion, a PE ratio of 14.77, a P/E/G ratio of 2.52 and a beta of 1.10. The company has a quick ratio of 0.93, a current ratio of 1.23 and a debt-to-equity ratio of 0.13.

Insider Buying and Selling

In related news, VP Jeff B. Gustavson sold 3,750 shares of Chevron stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $160.23, for a total transaction of $600,862.50. Following the transaction, the vice president now owns 477 shares of the company’s stock, valued at approximately $76,429.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Chevron news, VP Jeff B. Gustavson sold 3,750 shares of Chevron stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $160.23, for a total value of $600,862.50. Following the transaction, the vice president now owns 477 shares of the company’s stock, valued at $76,429.71. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Enrique Hernandez, Jr. sold 5,098 shares of Chevron stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $163.50, for a total transaction of $833,523.00. Following the completion of the transaction, the director now directly owns 2,549 shares in the company, valued at approximately $416,761.50. The disclosure for this sale can be found here. Insiders have sold 13,946 shares of company stock valued at $2,265,971 in the last 90 days. 0.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CVX has been the subject of several analyst reports. Sanford C. Bernstein downgraded shares of Chevron from an “outperform” rating to a “market perform” rating and cut their price target for the company from $183.00 to $167.00 in a report on Wednesday, July 17th. UBS Group raised their price objective on shares of Chevron from $185.00 to $197.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Wells Fargo & Company raised their price objective on shares of Chevron from $198.00 to $206.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. HSBC raised their price objective on shares of Chevron from $175.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Finally, Piper Sandler raised their price objective on shares of Chevron from $180.00 to $204.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Chevron presently has a consensus rating of “Moderate Buy” and a consensus target price of $185.67.

Chevron Profile

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.