Core Alternative Capital Has $5 Million Holdings in Chevron Corporation $CVX

Core Alternative Capital decreased its stake in Chevron Corporation (NYSE:CVX) by 13.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,203 shares of the oil and gas company’s stock after selling 4,849 shares during the quarter. Chevron makes up about 1.5% of Core Alternative Capital’s investment portfolio, making the stock its 28th largest position. Core Alternative Capital’s holdings in Chevron were worth $5,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Berkshire Hathaway Inc boosted its position in Chevron by 2.9% in the second quarter. Berkshire Hathaway Inc now owns 122,064,792 shares of the oil and gas company’s stock valued at $17,478,458,000 after buying an additional 3,454,258 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 worth $4,979,255,000 after acquiring an additional 1,342,723 shares in the last quarter. Fisher Asset Management LLC grew its position in Chevron by 1.9% during the 2nd quarter. Fisher Asset Management LLC now owns 20,826,805 shares of the oil and gas company’s stock worth $2,982,190,000 after acquiring an additional 378,936 shares during the last quarter. Norges Bank acquired a new stake in Chevron during the 2nd quarter valued at $2,721,477,000. Finally, Franklin Resources Inc. raised its position in Chevron by 2.1% in the 2nd quarter. Franklin Resources Inc. now owns 17,764,589 shares of the oil and gas company’s stock valued at $2,543,712,000 after purchasing an additional 370,287 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CVX. UBS Group reissued a “buy” rating on shares of Chevron in a report on Monday, December 1st. Wall Street Zen lowered shares of Chevron from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. Barclays upped their target price on shares of Chevron from $158.00 to $166.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Chevron in a research report on Wednesday, January 21st. Finally, Sanford C. Bernstein raised their price objective on Chevron from $170.00 to $172.00 and gave the stock a “market perform” rating in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Chevron presently has a consensus rating of “Hold” and an average price target of $170.00.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Board strengthening — Chevron added Thomas W. Horton, a former American Airlines CEO and partner at Global Infrastructure Partners, to its board and Audit Committee, boosting financial and governance expertise that can support investor confidence. Thomas W. Horton joins Chevron’s Board of Directors
• Positive Sentiment: Exploration upside — Chevron-led JV reported a “significant” offshore oil discovery in Nigeria, which could add near- to medium-term production optionality and reserve value if developed. Chevron-led JV makes ‘significant’ oil discovery offshore Nigeria
• Positive Sentiment: Libya re-entry — Chevron signed an MoU with Libya’s National Oil Corporation to explore oil and gas opportunities, reopening access to a market it has largely avoided for over a decade. That expands upstream growth avenues. Chevron Signs MoU With Libya’s NOC to Boost Oil and Gas Exploration
• Neutral Sentiment: Near-term focus on earnings — Analysts and outlets are positioning around Chevron’s Q4 results due Jan. 30; commentary highlights steady cash generation but suggests limited near-term upside absent stronger commodity moves. That frames investor expectations. Here’s How to Play Chevron Stock Before Q4 Earnings Release
• Neutral Sentiment: Positive media mention — Jim Cramer reiterated favor for Chevron as a consistent cash generator, a sentiment that can support retail interest but is not a material driver on its own. Jim Cramer on Chevron: “It’s been my favorite for a very long time because it’s so darn consistent”
• Negative Sentiment: Deal risk on West Qurna-2 — Reuters reports Chevron is seeking improved commercial terms from Iraq before taking over Lukoil’s stake in the West Qurna-2 field. That negotiation could delay the asset transfer or reduce near-term upside if terms aren’t improved. Exclusive: Chevron seeks better terms from Iraq before taking over Lukoil oilfield, sources say
• Negative Sentiment: Regulatory exposure — Chevron has ramped Venezuelan oil shipments while U.S. oversight tightens; that increases near-term compliance and political risk which could complicate volumes or timing. Chevron ramps up Venezuelan oil shipments as US tightens control

Insider Activity at Chevron

In other news, CFO Eimear P. Bonner sold 28,334 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $165.05, for a total transaction of $4,676,526.70. Following the completion of the sale, the chief financial officer owned 4,366 shares in the company, valued at approximately $720,608.30. This trade represents a 86.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael K. Wirth sold 320,700 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $162.99, for a total value of $52,270,893.00. Following the sale, the chief executive officer owned 14,450 shares of the company’s stock, valued at approximately $2,355,205.50. This represents a 95.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 635,190 shares of company stock valued at $100,254,408 over the last three months. Company insiders own 0.20% of the company’s stock.

Chevron Trading Up 0.9%

Chevron stock opened at $169.03 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86. The firm has a 50-day moving average of $155.08 and a 200-day moving average of $155.03. The company has a market cap of $340.35 billion, a price-to-earnings ratio of 23.77, a P/E/G ratio of 11.83 and a beta of 0.70. Chevron Corporation has a one year low of $132.04 and a one year high of $169.37.

Chevron (NYSE:CVX) last issued its earnings results on Friday, October 31st. The oil and gas company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.14. The business had revenue of $48.17 billion for 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 firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.48 earnings per share. On average, equities analysts expect that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th were issued a dividend of $1.71 per share. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.0%. Chevron’s payout ratio is presently 96.20%.

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.