Chevron Corporation $CVX Shares Sold by Spectrum Asset Management Inc. NB CA

Spectrum Asset Management Inc. NB CA decreased its stake in Chevron Corporation (NYSE:CVX) by 10.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,616 shares of the oil and gas company’s stock after selling 3,628 shares during the period. Chevron accounts for 1.7% of Spectrum Asset Management Inc. NB CA’s portfolio, making the stock its 17th largest position. Spectrum Asset Management Inc. NB CA’s holdings in Chevron were worth $4,910,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Investors Asset Management of Georgia Inc. GA ADV lifted its stake in Chevron by 0.6% in the third quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 29,508 shares of the oil and gas company’s stock valued at $4,582,000 after buying an additional 166 shares during the last quarter. Clear Harbor Asset Management LLC grew its position in Chevron by 2.5% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 21,819 shares of the oil and gas company’s stock worth $3,388,000 after purchasing an additional 533 shares during the last quarter. Kingswood Wealth Advisors LLC grew its position in Chevron by 30.0% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 28,671 shares of the oil and gas company’s stock worth $4,452,000 after purchasing an additional 6,608 shares during the last quarter. Foster & Motley Inc. increased its stake in shares of Chevron by 9.2% in the third quarter. Foster & Motley Inc. now owns 36,683 shares of the oil and gas company’s stock valued at $5,697,000 after purchasing an additional 3,094 shares during the period. Finally, Zullo Investment Group Inc. raised its holdings in shares of Chevron by 6.8% during the third quarter. Zullo Investment Group Inc. now owns 5,905 shares of the oil and gas company’s stock valued at $917,000 after buying an additional 377 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is in talks with the U.S. government to expand its Venezuela license, which would allow higher exports to Chevron’s refineries and third-party sales — a direct path to increased volumes and earnings if approved. Exclusive: Chevron in talks with US government for expanded Venezuela license, sources say
• Positive Sentiment: Shipping data indicate Chevron is loading Venezuelan crude at the fastest pace in months and has contracted multiple tankers — evidence it can scale flows quickly if the license expands. Chevron Is Loading Venezuela Oil Onto Tankers at the Fastest Pace in Months
• Positive Sentiment: Chevron will meet with President Trump alongside other majors to discuss rebuilding Venezuela’s oil sector — a sign of potential political support that could unlock investment opportunities. Trump to Meet With Chevron and Other Oil Companies on Venezuela. What We Know.
• Positive Sentiment: Reports say Chevron and Quantum Energy Partners are lining up a bid for $22B of Lukoil’s international assets — a potential reserve/production lift and strategic international expansion. Chevron, Quantum Energy Partners line up bid for Lukoil assets
• Neutral Sentiment: Chevron is competing with traders and refiners for Venezuelan export deals — shows demand but also that margins and allocation could be contested. Chevron competes with rivals for Venezuelan oil sales, sources say
• Neutral Sentiment: U.S. Treasury commentary and FT reporting suggest the biggest oil firms may move cautiously and seek guarantees before big Venezuela investments — a timing/conditionality factor for upside. Bessent says largest oil companies are likely to move slower in Venezuela
• Neutral Sentiment: Increased retail/investor interest in energy is supporting momentum into names like Chevron, adding liquidity and short-term buying pressure. Retail traders move toward energy as momentum continues (CNBC)
• Negative Sentiment: Large insider sales disclosed (including CEO and CFO filings and other senior sales) may be interpreted as a negative signal or create near‑term selling pressure. SEC Form 4 filings — insider sales
• Negative Sentiment: An analyst trimmed CVX’s price target, reflecting some recalibration of upside after the run-up. Analyst trims Chevron price target to $179
• Negative Sentiment: Heightened political and reputational risk — public criticism from lawmakers and scrutiny over U.S. plans for Venezuela — raises regulatory and execution uncertainty. Elizabeth Warren comments on Venezuela plan

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Sanford C. Bernstein increased their price objective on Chevron from $170.00 to $172.00 and gave the stock a “market perform” rating in a report on Monday. Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a research note on Wednesday, October 8th. BMO Capital Markets restated an “outperform” rating on shares of Chevron in a research note on Thursday. Freedom Capital lowered shares of Chevron from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Finally, Raymond James Financial reiterated an “outperform” rating and set a $160.00 price objective (down previously from $170.00) on shares of Chevron in a research note on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $167.14.

Chevron Trading Up 2.6%

Chevron stock opened at $159.27 on Friday. The firm has a market cap of $320.70 billion, a price-to-earnings ratio of 22.40, a price-to-earnings-growth ratio of 9.72 and a beta of 0.70. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $168.96. The firm’s 50 day moving average price is $152.22 and its two-hundred day moving average price is $153.31. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.14. The business had revenue of $48.17 billion during the quarter, compared to analyst estimates of $46.99 billion. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The company’s revenue was down 1.9% compared to the same quarter last year. During the same period last year, the company posted $2.48 EPS. On average, research analysts predict that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th were paid a $1.71 dividend. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $6.84 dividend on an annualized basis and a yield of 4.3%. Chevron’s dividend payout ratio (DPR) is currently 96.20%.

Insider Buying and Selling

In other Chevron news, Director John B. Hess sold 275,000 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $150.75, for a total transaction of $41,456,250.00. Following the completion of the sale, the director directly owned 1,128,045 shares of the company’s stock, valued at approximately $170,052,783.75. This represents a 19.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Eimear P. Bonner sold 28,334 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $165.05, for a total transaction of $4,676,526.70. Following the completion of the transaction, the chief financial officer owned 4,366 shares of the company’s stock, valued at approximately $720,608.30. The trade was a 86.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 631,990 shares of company stock worth $99,716,808 in the last quarter. 0.21% of the stock is currently owned by corporate insiders.

About Chevron

Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.