Chevron Corporation $CVX Shares Bought by Glass Wealth Management Co LLC

Glass Wealth Management Co LLC raised its position in Chevron Corporation (NYSE:CVX) by 15.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,967 shares of the oil and gas company’s stock after buying an additional 3,480 shares during the quarter. Chevron makes up approximately 1.8% of Glass Wealth Management Co LLC’s portfolio, making the stock its 20th biggest position. Glass Wealth Management Co LLC’s holdings in Chevron were worth $4,032,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CVX. Kingstone Capital Partners Texas LLC boosted its stake in Chevron by 652,139.5% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 83,714,936 shares of the oil and gas company’s stock worth $13,214,757,000 after purchasing an additional 83,702,101 shares during the period. Norges Bank purchased a new stake in shares of Chevron in the second quarter valued at about $2,721,477,000. Laurel Wealth Advisors LLC boosted its stake in shares of Chevron by 14,194.2% during the second quarter. Laurel Wealth Advisors LLC now owns 3,722,217 shares of the oil and gas company’s stock worth $532,984,000 after buying an additional 3,696,177 shares during the period. Berkshire Hathaway Inc grew its holdings in shares of Chevron by 2.9% during the second quarter. Berkshire Hathaway Inc now owns 122,064,792 shares of the oil and gas company’s stock worth $17,478,458,000 after buying an additional 3,454,258 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Chevron by 4.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 34,772,753 shares of the oil and gas company’s stock valued at $4,979,255,000 after acquiring an additional 1,342,723 shares during the period. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Chevron Price Performance

Chevron stock opened at $155.81 on Monday. The company has a market cap of $313.73 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 9.76 and a beta of 0.70. Chevron Corporation has a one year low of $132.04 and a one year high of $168.96. The business has a fifty day moving average of $151.88 and a two-hundred day moving average of $153.09. 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 announced its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.14. The business had revenue of $48.17 billion during the quarter, compared to the consensus estimate of $46.99 billion. Chevron had a net margin of 6.57% and a return on equity of 8.74%. The business’s revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.48 EPS. As a group, analysts predict that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 18th were given a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Tuesday, November 18th. Chevron’s dividend payout ratio (DPR) is presently 96.20%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CVX. Hsbc Global Res raised Chevron from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 1st. Scotiabank increased their price target on Chevron from $160.00 to $165.00 and gave the stock a “sector perform” rating in a report on Thursday, October 9th. Wells Fargo & Company lifted their price objective on shares of Chevron from $190.00 to $196.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. Morgan Stanley upped their price objective on shares of Chevron from $177.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, November 13th. Finally, UBS Group reaffirmed a “buy” rating on shares of Chevron in a report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $166.00.

Insider Activity at Chevron

In related news, Director John B. Hess sold 275,000 shares of the company’s stock in a transaction that occurred 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 sale, the director owned 1,128,045 shares in the company, valued at $170,052,783.75. This represents a 19.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.20% of the stock is owned by company insiders.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Market optimism from comments that U.S. energy firms could return to Venezuela — a reopening would give Chevron access to very large reserves and long‑term production upside. US oil giants mum after Trump says they’ll spend billions in Venezuela
• Positive Sentiment: WSJ reports Chevron is actively charting new operational approaches in Venezuela to unlock reserves, reinforcing investor hopes of material future production growth if political access is secured. Chevron Charts a New Path in Venezuela to Unlock Vast Oil Reserves
• Positive Sentiment: Political developments and U.S. statements (including from Secretary Rubio) suggesting stronger U.S. leverage in Venezuela have boosted expectations that sanctions/diplomatic barriers could ease, improving Chevron’s optionality. Rubio explains how U.S. might ‘run’ Venezuela after Maduros’ ouster
• Positive Sentiment: Investor-focused writeups continue to highlight Chevron’s dividend, yield and integrated business model as reasons for buy-and-hold interest among income investors. 2 No-Brainer High-Yield Energy Stocks to Buy Right Now
• Neutral Sentiment: Broader market analyses flag Venezuela’s reserves as a reshuffling factor for energy winners/losers; outcomes depend on sanctions, contract terms and who gets first-mover advantage. Why Venezuela’s Vast Oil Reserves Could Reshape US Energy Winners And Losers — Three Stocks To Watch
• Neutral Sentiment: 67% institutional ownership underscores that large investors are already positioned in CVX, which can stabilize trading but also magnify reaction to major corporate or geopolitical news. With 67% ownership in Chevron Corporation (NYSE:CVX), institutional investors have a lot riding on the business
• Negative Sentiment: Analysts and deep-dive pieces warn of execution, legal and sanction risks in Venezuela — access to reserves is uncertain and costly, which could cap upside or create episodic volatility. Chevron: Tight Spot In Venezuela
• Negative Sentiment: Critical commentary argues Venezuelan opportunities may not justify a buy — valuation, execution risk and Chevron’s modest recent share performance temper enthusiasm. Chevron Stock Up 6%. Why Venezuelan Oil May Not Make $CVX A Buy
• Negative Sentiment: Legacy project risks persist elsewhere — reporting on Chevron’s Tengiz expansion in Kazakhstan highlights operational and capital uncertainty that could weigh on near-term results. How Kazakhstan Aims to Tap More Oil Riches Below Its Grassy Plains

Chevron Company 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.