Commonwealth Equity Services LLC trimmed its holdings in Chevron Corporation (NYSE:CVX – Free Report) by 2.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,217,281 shares of the oil and gas company’s stock after selling 34,086 shares during the quarter. Commonwealth Equity Services LLC owned about 0.07% of Chevron worth $189,032,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Leslie Global Wealth LLC increased its holdings in shares of Chevron by 8.4% during the third quarter. Leslie Global Wealth LLC now owns 1,601 shares of the oil and gas company’s stock valued at $249,000 after purchasing an additional 124 shares during the period. Sandy Cove Advisors LLC grew its position in Chevron by 28.6% in the 3rd quarter. Sandy Cove Advisors LLC now owns 2,417 shares of the oil and gas company’s stock valued at $375,000 after buying an additional 537 shares in the last quarter. Glass Wealth Management Co LLC grew its position in Chevron by 15.5% in the 3rd quarter. Glass Wealth Management Co LLC now owns 25,967 shares of the oil and gas company’s stock valued at $4,032,000 after buying an additional 3,480 shares in the last quarter. Benchmark Financial Wealth Advisors LLC increased its stake in Chevron by 17.0% during the 3rd quarter. Benchmark Financial Wealth Advisors LLC now owns 2,019 shares of the oil and gas company’s stock valued at $313,000 after buying an additional 293 shares during the period. Finally, Endeavor Private Wealth Inc. raised its position in shares of Chevron by 2.9% during the 3rd quarter. Endeavor Private Wealth Inc. now owns 3,726 shares of the oil and gas company’s stock worth $579,000 after buying an additional 104 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.
Trending Headlines about Chevron
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
Analyst Ratings Changes
Get Our Latest Stock Analysis on Chevron
Chevron Trading Up 2.2%
Chevron stock opened at $155.81 on Monday. The firm has a market cap of $313.73 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 9.76 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 $151.88 and its two-hundred day moving average price is $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 – Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $48.17 billion during the quarter, compared to the consensus estimate of $46.99 billion. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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 given a $1.71 dividend. The ex-dividend date was Tuesday, November 18th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.4%. Chevron’s dividend payout ratio (DPR) is 96.20%.
Insiders Place Their Bets
In other Chevron news, Director John B. Hess sold 275,000 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $150.75, for a total transaction of $41,456,250.00. Following the sale, the director owned 1,128,045 shares in the company, valued at approximately $170,052,783.75. The trade was a 19.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.
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.
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