Published: Sat, January 27, 2018
Business | By Kate Woods

Goodman Financial Corp Invests $5.18 Million in Chevron Co. (CVX) Stock


The institutional investor held 3.05 million shares of the natural gas distribution company at the end of 2017Q3, valued at $106.88 million, up from 2.74 million at the end of the previous reported quarter. Investors who are keeping close eye on the stock of Chevron Corporation (NYSE:CVX) established that the company was able to keep return on investment at 2.87 in the trailing twelve month while Reuters data showed that industry's average stands at 5.92 and sector's optimum level is 34.27. The stock increased 1.89% or $4.67 during the last trading session, reaching $252.36. Chevron Corporation (NYSE:CVX) has risen 6.68% since January 26, 2017 and is uptrending. The firm owned 425,035,457 shares of the company's stock after buying an additional 6,396,346 shares during the period. Ngp Mr Management Llc who had been investing in Mplx Lp for a number of months, seems to be bullish on the $16.07B market cap company. The stock decreased 0.92% or $0.19 during the last trading session, reaching $20.5. The stock ended last trade at 130.65 a share and the price is up more than 4.36% so far this year. It has outperformed by 45.78% the S&P500. Therefore 44% are positive.

Chevron Corporation's Average Earnings Estimate for the current quarter is $1.46, according to consensus of 15 analysts. The firm has "Overweight" rating by PiperJaffray given on Tuesday, August 9. The firm earned "Neutral" rating on Monday, May 2 by UBS. The firm has "Outperform" rating given on Monday, December 21 by Macquarie Research. Jefferies Group restated a "buy" rating and issued a $137.00 price objective on shares of Chevron in a research report on Thursday, October 19th. S&P Research downgraded the shares of CVX in report on Tuesday, August 4 to "Hold" rating. Citigroup maintained the stock with "Buy" rating in Monday, October 30 report. As per Tuesday, October 10, the company rating was maintained by Piper Jaffray. RBC Capital Markets maintained the stock with "Underperform" rating in Thursday, July 6 report. The stock now has an average rating of "Hold" and an average price target of $128.61. Holt Capital Advsrs Limited Com Dba Holt Capital Limited Partnership holds 0.29% of its portfolio in Chevron Corporation (NYSE:CVX) for 7,633 shares.

The investor is now holding $21.33 million shares due in part to a decrease of 831619 new shares in their portfolio. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.04. It dropped, as 43 investors sold CVX shares while 696 reduced holdings.

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Other institutional investors and hedge funds have also made changes to their positions in the company.

Chevron Corporation (CVX) shares jumped 0.28 percent and closed the day at $131.39. Pure invested 0.09% of its portfolio in Chevron Corporation (NYSE:CVX). Cap International Sarl holds 0.91% or 93,304 shares. About 964,827 shares traded. Liberty Capital Mgmt, a Michigan-based fund reported 12,420 shares. 148,318 are owned by Capital Limited Ca. Breton Hill Cap Ltd invested in 16,746 shares or 0.36% of the stock. First Heartland Consultants Inc accumulated 0.26% or 9,020 shares. Buffington Mohr Mcneal has invested 0.85% in Chevron Corporation (NYSE:CVX). 118.19 million shares or 0.61% less from 118.92 million shares in 2017Q2 were reported. White Pine Inv Comm stated it has 34,086 shares or 2.13% of all its holdings. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.04. Utah-based Utah Retirement has invested 0.5% in 3M Company (NYSE:MMM).

Since August 1, 2017, it had 0 buys, and 4 insider sales for $11.07 million activity. Deily Linnet F also sold $248,274 worth of Chevron Corporation (NYSE:CVX) on Wednesday, August 16. Shares for $3.43M were sold by JOHNSON JAMES WILLIAM on Tuesday, August 1. The insider Yarrington Patricia E sold $4.33M. Its down 0.08, from 1.03 in 2017Q2. 65 funds opened positions while 260 raised stakes. 1,738 are owned by Newfocus Fincl Gp Ltd Liability Corporation. Advsrs Asset Management Inc stated it has 0.01% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU). North Mngmt holds 3,018 shares or 0.06% of its portfolio. Sit Invest Associate owns 0.02% invested in Chevron Corporation (NYSE:CVX) for 7,369 shares. Denali Advisors Limited Liability Co invested in 6,300 shares or 0.02% of the stock. Pacific Investment Mgmt Com holds 0.66% or 24,886 shares. Catalyst Capital Advisors Limited holds 50 shares or 0% of its portfolio. Nomura Hldgs owns 27,677 shares or 0% of their USA portfolio. The New York-based Karpas Strategies Lc has invested 0.66% in MPLX LP (NYSE:MPLX). Nationwide Fund Advsr holds 0.1% or 278,929 shares in its portfolio. The Relative Volume value measured for Chevron Corporation stands at 1.22. Zurcher Kantonalbank (Zurich Cantonalbank) reported 72,730 shares stake. Maple Capital Mngmt Incorporated has invested 2.08% in Chevron Corporation (NYSE:CVX). Numeric Investors LLC now owns 52,200 shares of the oil and gas company's stock worth $5,446,000 after purchasing an additional 32,000 shares during the last quarter. Shares for $18,461 were sold by HNAT JAMES G. Shares for $69,000 were sold by St George Martin J.

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Washington Capital Management Inc, which manages about $2.95 billion and $94.10M US Long portfolio, upped its stake in Ishares Tr (IWP) by 3,000 shares to 6,000 shares, valued at $679,000 in 2017Q3, according to the filing. (NASDAQ:EWBC) by 9,783 shares in the quarter, leaving it with 139 shares, and cut its stake in Gamestop Corp Class A Common Stock Usd.001 (NYSE:GME).

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