Chevron Corporation $CVX Stock Holdings Lessened by MRA Advisory Group

MRA Advisory Group trimmed its position in shares of Chevron Corporation (NYSE:CVX) by 72.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,650 shares of the oil and gas company’s stock after selling 7,056 shares during the period. MRA Advisory Group’s holdings in Chevron were worth $541,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. First PREMIER Bank lifted its position in Chevron by 0.8% in the 2nd quarter. First PREMIER Bank now owns 6,450 shares of the oil and gas company’s stock valued at $1,070,000 after acquiring an additional 50 shares in the last quarter. Vanguard Capital Wealth Advisors increased its holdings in Chevron by 1.8% during the 2nd quarter. Vanguard Capital Wealth Advisors now owns 2,818 shares of the oil and gas company’s stock worth $467,000 after purchasing an additional 50 shares in the last quarter. Nautilus Advisors LLC raised its stake in shares of Chevron by 2.8% in the third quarter. Nautilus Advisors LLC now owns 1,859 shares of the oil and gas company’s stock worth $380,000 after purchasing an additional 50 shares during the last quarter. Cornerstone Advisory LLC raised its stake in shares of Chevron by 0.9% in the first quarter. Cornerstone Advisory LLC now owns 5,625 shares of the oil and gas company’s stock worth $1,164,000 after purchasing an additional 52 shares during the last quarter. Finally, Compton Financial Group LLC lifted its holdings in shares of Chevron by 1.9% in the first quarter. Compton Financial Group LLC now owns 2,944 shares of the oil and gas company’s stock valued at $609,000 after purchasing an additional 56 shares in the last quarter. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Chevron

In other news, Director John Hess sold 710,665 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $194.10, for a total transaction of $137,940,076.50. Following the completion of the sale, the director owned 363,711 shares in the company, valued at $70,596,305.10. This trade represents a 66.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Andrew Walz sold 16,800 shares of Chevron stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $201.06, for a total transaction of $3,377,808.00. Following the completion of the sale, the insider directly owned 14 shares in the company, valued at $2,814.84. This trade represents a 99.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,152,582 shares of company stock valued at $225,853,661 over the last quarter. 0.56% of the stock is currently owned by insiders.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron will transfer its Hess Midstream ownership interests and DJ Basin midstream assets in exchange for revised Bakken agreements expected to reduce its unit midstream costs by approximately 50%. The transaction is intended to improve earnings and return on capital employed, although Chevron expects a $3 billion–$4 billion closing loss. Chevron to divest ownership interests in Hess Midstream and DJ Basin assets
• Positive Sentiment: CEO Mike Wirth said global oil and fuel supply buffers are tightening amid the continuing Middle East conflict. Sustained geopolitical risk and higher oil prices could support Chevron’s upstream earnings. Oil and fuel supply buffers are thinning
• Positive Sentiment: Zacks Research upgraded Chevron to “Strong Buy,” adding to recent favorable momentum-stock commentary. Chevron is also increasing its position in Namibia’s PEL 90 ahead of the Nabba-1X exploration well, signaling confidence in potential long-term resource growth. Chevron upgraded to Strong Buy
• Neutral Sentiment: Chevron evacuated non-essential personnel from Gulf of Mexico platforms as a possible tropical storm approached. The move is precautionary, but severe weather could temporarily disrupt offshore operations. Chevron evacuates some Gulf of Mexico workers
• Negative Sentiment: The Hess Midstream deal may pressure near-term sentiment because Chevron will pay a substantial closing loss and accept lower Bakken tariffs. Chevron’s expected reduction from three drilling rigs to two could also reduce 2027 Bakken throughput, limiting the immediate benefit of the cost savings. Chevron swaps Hess Midstream stake for lower Bakken costs
• Negative Sentiment: Wirth warned that a U.S. diesel-export ban would be “unwise,” arguing it could remove supply from global markets, worsen shortages and create price and policy uncertainty for Chevron’s refining and trading operations. Chevron CEO warns against diesel export ban

Analysts Set New Price Targets

Several brokerages recently issued reports on CVX. Jefferies Financial Group lifted their target price on Chevron from $216.00 to $233.00 and gave the company a “buy” rating in a research report on Monday, August 17th. Sanford C. Bernstein raised their price objective on Chevron from $204.00 to $209.00 and gave the company a “market perform” rating in a research note on Monday, August 3rd. Dbs Bank raised shares of Chevron to a “moderate buy” rating in a report on Thursday, August 6th. BMO Capital Markets upped their target price on shares of Chevron from $210.00 to $235.00 and gave the stock an “outperform” rating in a research note on Thursday, September 3rd. Finally, BNP Paribas Exane dropped their price target on shares of Chevron from $230.00 to $224.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $210.87.

Chevron Stock Performance

Shares of Chevron stock traded down $2.43 during trading hours on Wednesday, hitting $205.15. 2,806,224 shares of the company’s stock traded hands, compared to its average volume of 10,501,605. The stock has a market capitalization of $405.32 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 0.57 and a beta of 0.53. Chevron Corporation has a 12-month low of $146.49 and a 12-month high of $217.78. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98. The company has a fifty day simple moving average of $203.56 and a 200-day simple moving average of $192.84.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, topping analysts’ consensus estimates of $5.55 by $0.51. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The company had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. During the same period in the previous year, the firm earned $1.77 EPS. The firm’s quarterly revenue was up 57.4% on a year-over-year basis. Equities research analysts anticipate that Chevron Corporation will post 17.47 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were given a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Wednesday, August 19th. Chevron’s dividend payout ratio is currently 68.26%.

About Chevron

Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.

The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.