Chevron Corporation $CVX Stake Lifted by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC lifted its stake in shares of Chevron Corporation (NYSE:CVX) by 0.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 404,957 shares of the oil and gas company’s stock after acquiring an additional 3,810 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Chevron were worth $62,886,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quaker Wealth Management LLC increased its position in shares of Chevron by 197.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 439 shares during the period. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of Chevron by 86.1% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 118 shares during the period. IMG Wealth Management Inc. boosted its stake in Chevron by 52.3% during the second quarter. IMG Wealth Management Inc. now owns 265 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 91 shares in the last quarter. GFG Capital LLC acquired a new position in Chevron during the second quarter worth about $42,000. Finally, LFA Lugano Financial Advisors SA grew its holdings in Chevron by 106.7% during the second quarter. LFA Lugano Financial Advisors SA now owns 310 shares of the oil and gas company’s stock worth $44,000 after acquiring an additional 160 shares during the period. Institutional investors own 72.42% of the company’s stock.

Insider Activity

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

Analysts Set New Price Targets

A number of brokerages have weighed in on CVX. Weiss Ratings reissued a “hold (c)” rating on shares of Chevron in a report on Wednesday, October 8th. HSBC set a $169.00 target price on shares of Chevron and gave the stock a “buy” rating in a report on Monday, December 1st. Morgan Stanley increased their target price on shares of Chevron from $177.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, November 13th. Wells Fargo & Company lifted their price target on shares of Chevron from $190.00 to $196.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. Finally, Hsbc Global Res raised Chevron from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Chevron currently has an average rating of “Hold” and a consensus target price of $166.00.

Chevron Price Performance

CVX stock opened at $155.81 on Monday. Chevron Corporation has a one year low of $132.04 and a one year high of $168.96. The firm has a 50-day moving average of $151.88 and a two-hundred day moving average of $153.09. The firm has a market capitalization of $313.73 billion, a PE ratio of 21.91, a P/E/G ratio of 9.76 and a beta of 0.70. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.19.

Chevron (NYSE:CVX) last released 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 for the quarter, compared to analyst estimates of $46.99 billion. Chevron had a net margin of 6.57% and a return on equity of 8.74%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.48 earnings per share. On average, analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th were paid a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Tuesday, November 18th. Chevron’s payout ratio is 96.20%.

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

About Chevron

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.