Chevron Corporation $CVX Holdings Increased by Signaturefd LLC

Signaturefd LLC lifted its stake in Chevron Corporation (NYSE:CVX) by 7.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,624 shares of the oil and gas company’s stock after purchasing an additional 2,245 shares during the period. Signaturefd LLC’s holdings in Chevron were worth $6,866,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Midwest Capital Advisors LLC acquired a new stake in Chevron in the first quarter valued at approximately $25,000. Main Street Group LTD acquired a new position in Chevron during the 1st quarter worth approximately $28,000. Kilter Group LLC acquired a new position in Chevron during the 2nd quarter worth approximately $28,000. Principia Wealth Advisory LLC grew its holdings in Chevron by 49.6% during the 2nd quarter. Principia Wealth Advisory LLC now owns 181 shares of the oil and gas company’s stock worth $30,000 after acquiring an additional 60 shares in the last quarter. Finally, Strategic Wealth Advisors LLC purchased a new stake in shares of Chevron in the 2nd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Chevron Price Performance

CVX stock opened at $231.75 on Tuesday. The business has a 50 day moving average price of $210.44 and a 200 day moving average price of $191.27. The stock has a market cap of $457.88 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 0.55 and a beta of 0.53. Chevron Corporation has a fifty-two week low of $146.49 and a fifty-two week high of $234.08. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.55 by $0.51. The firm had revenue of $67.20 billion during the quarter, compared to the consensus estimate of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The firm’s quarterly revenue was up 57.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.77 earnings per share. Equities research analysts anticipate that Chevron Corporation will post 18.20 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Wednesday, August 19th. Chevron’s payout ratio is currently 68.26%.

Insider Activity at Chevron

In other news, Director John Hess sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $194.26, for a total transaction of $19,426,000.00. Following the completion of the sale, the director owned 178,045 shares in the company, valued at approximately $34,587,021.70. The trade was a 35.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andrew Walz sold 16,800 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $201.06, for a total transaction of $3,377,808.00. Following the completion of the transaction, the insider owned 14 shares of the company’s stock, valued at approximately $2,814.84. The trade was a 99.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,195,682 shares of company stock worth $235,619,780 over the last 90 days. 0.56% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CVX shares. Barclays reduced their price objective on shares of Chevron from $216.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday, August 17th. BNP Paribas Exane decreased their price objective on shares of Chevron from $230.00 to $224.00 and set an “outperform” rating for the company in a research report on Friday, July 17th. Mizuho set a $234.00 target price on shares of Chevron in a research note on Monday, October 12th. Royal Bank Of Canada increased their target price on Chevron from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, September 24th. Finally, Jefferies Financial Group increased their target price on Chevron from $216.00 to $233.00 and gave the company a “buy” rating in a report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $213.96.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron proposed investing $13.8 billion through 2035 to expand its Vaca Muerta shale operations in Argentina, with a goal of tripling oil production from its assets in the region. The plan could provide a significant long-term production and reserve-growth opportunity. Chevron Vaca Muerta expansion
• Positive Sentiment: Analysts and financial publications continue to highlight CVX’s earnings growth, price strength and momentum characteristics, supporting the view that Chevron remains attractive to momentum and income-oriented investors. Chevron earnings growth and price strength
• Positive Sentiment: Erste Group Bank reportedly increased its earnings forecast for Chevron, while unusually high call-option activity suggests some traders are positioning for further upside. Erste Group earnings forecast
• Neutral Sentiment: Chevron’s Nargis-2 well in Egypt confirmed additional gas-bearing zones, expanding offshore exploration potential, although commercial viability and production timing remain uncertain. Chevron Nargis-2 results
• Negative Sentiment: Chevron is scheduled to report third-quarter results on October 30. Analysts expect roughly a 150% year-over-year EPS increase, but the stock’s substantial year-to-date advance raises concern that strong results may already be reflected in the valuation. Chevron third-quarter earnings outlook

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.