Ifm Investors Adds $2M in Chevron Corporation ($CVX)
Key Points
- Ifm Investors changed its Chevron Corporation ($CVX) stake by 3.75% last quarter, boosting to 372,824 shares worth $61.80 million.
- Wall Street's consensus rating on $CVX is Buy and an average price target of $218.29.
- $CVX last traded around $165.76.
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Ifm Investors increased its position in Chevron Corporation ($CVX) by 3.75% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 372,824 shares of Chevron Corporation after buying 13,481 shares during the quarter. Ifm Investors's holdings in Chevron Corporation were worth $61.80 million as of its most recent filing.
Chevron Corporation Stock Down 17.9%
Shares of Chevron Corporation ($CVX) traded around $165.76 on Saturday, down 17.9% for the day.
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About Chevron Corporation
Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. It operates through Upstream, Downstream, and All Other segments. The Upstream segment engages in the exploration for, 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; carbon capture and storage; and operation of a gas-to-liquids plant. Its Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels; transports crude oil and refined products through pipeline, marine vessel, motor equipment, and rail car; and manufactures and markets commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. The All Other segment engages in cash management and debt financing; insurance; real estate; and technology activities. It has operations in North America, South America, Europe, Africa, Asia, and Australia. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in May 2005. Chevron Corporation was founded in 1879 and is headquartered in Houston, Texas.
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