MGO One Seven LLC Boosts Holdings in Chevron Corporation $CVX

MGO One Seven LLC raised its position in shares of Chevron Corporation (NYSE:CVX) by 24.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,295 shares of the oil and gas company’s stock after acquiring an additional 7,218 shares during the period. MGO One Seven LLC’s holdings in Chevron were worth $5,636,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Berkshire Hathaway Inc raised its position in Chevron by 2.9% in the 2nd quarter. Berkshire Hathaway Inc now owns 122,064,792 shares of the oil and gas company’s stock worth $17,478,458,000 after purchasing an additional 3,454,258 shares during the period. Kingstone Capital Partners Texas LLC grew its stake in shares of Chevron by 652,139.5% during the second quarter. Kingstone Capital Partners Texas LLC now owns 83,714,936 shares of the oil and gas company’s stock valued at $13,214,757,000 after buying an additional 83,702,101 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Chevron by 4.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 34,772,753 shares of the oil and gas company’s stock worth $4,979,255,000 after buying an additional 1,342,723 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Chevron by 1.9% in the second quarter. Fisher Asset Management LLC now owns 20,826,805 shares of the oil and gas company’s stock worth $2,982,190,000 after buying an additional 378,936 shares during the period. Finally, Norges Bank bought a new stake in shares of Chevron during the 2nd quarter worth approximately $2,721,477,000. Institutional investors own 72.42% of the company’s stock.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is accelerating Venezuelan crude exports to relieve storage constraints and could unlock up to ~$700 million in annual cash flow if operations scale, a near-term boost to free cash flow assumptions. Chevron Bets on Venezuela Oil to Unlock Up to $700M in Cash Flow
• Positive Sentiment: Sources say a consortium including Chevron-Quantum and Carlyle are frontrunners for global Lukoil assets—an acquisition could add low-decline, producing barrels and strategic reserves exposure if cleared by regulators. Carlyle, Chevron-Quantum partnership among frontrunners for Lukoil assets, sources say
• Positive Sentiment: Political upheaval in Venezuela and comments by U.S. leadership about opening Venezuelan reserves to U.S. majors have driven expectations that Exxon and Chevron could gain long-term access to very large reserves, supporting upside to production forecasts over time. How Chevron played the long game for Venezuela’s oil reserves
• Neutral Sentiment: Macro/geopolitical coverage (defense/energy reaction) frames the Venezuela events as a potential multi-industry catalyst; this may drive short-term flows into energy and defense stocks but outcome remains uncertain. Defense Stocks Surge As The U.S. Reasserts Power In Latin America
• Neutral Sentiment: Brokerage consensus remains cautious (consensus “Hold”), reflecting mixed upside from asset access but also higher capex and political risk; analysts expect ~10.8 EPS for the year but valuation and guidance will be key. Chevron Corporation (NYSE:CVX) Receives Consensus Recommendation of “Hold” from Brokerages
• Negative Sentiment: Pressure from the White House to invest in Venezuela and talk of $50/bbl policy targets raise the prospect of large, politically-driven capital commitments and lower near-term realized pricing—both can compress margins and require heavy up-front spending. Venezuela: Mostly Questions, Few Answers

Chevron Stock Up 0.2%

Shares of Chevron stock opened at $162.36 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86. 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 is $152.48 and its two-hundred day moving average is $153.68. The stock has a market cap of $326.91 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 10.19 and a beta of 0.70.

Chevron (NYSE:CVX) last posted its earnings results on Friday, October 31st. The oil and gas company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.14. Chevron had a net margin of 6.57% and a return on equity of 8.74%. The business had revenue of $48.17 billion for the quarter, compared to the consensus estimate of $46.99 billion. During the same quarter last year, the firm posted $2.48 EPS. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. As a group, research analysts expect that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th were issued a dividend of $1.71 per share. The ex-dividend date was Tuesday, November 18th. This represents a $6.84 dividend on an annualized basis and a yield of 4.2%. Chevron’s dividend payout ratio is currently 96.20%.

Insider Buying and Selling

In other Chevron news, CFO Eimear P. Bonner sold 28,334 shares of the stock in a transaction on 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 sale, the chief financial officer owned 4,366 shares of the company’s stock, valued at approximately $720,608.30. This trade represents a 86.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John B. Hess sold 275,000 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $150.75, for a total value of $41,456,250.00. Following the completion of the transaction, the director directly owned 1,128,045 shares of the company’s stock, valued at approximately $170,052,783.75. The trade was a 19.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 631,990 shares of company stock worth $99,716,808 in the last three months. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CVX shares. Scotiabank upped their price objective on Chevron from $160.00 to $165.00 and gave the company a “sector perform” rating in a research report on Thursday, October 9th. Freedom Capital cut shares of Chevron from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. Citigroup decreased their price objective on shares of Chevron from $185.00 to $179.00 and set a “buy” rating for the company in a report on Monday, January 5th. UBS Group reissued a “buy” rating on shares of Chevron in a research report on Monday, December 1st. Finally, Wall Street Zen lowered shares of Chevron from a “hold” rating to a “sell” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $167.14.

Chevron Profile

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.