111 Capital Invests $2.79 Million in Chevron Corporation $CVX

111 Capital purchased a new stake in Chevron Corporation (NYSE:CVX) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 17,935 shares of the oil and gas company’s stock, valued at approximately $2,785,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CVX. Perigon Wealth Management LLC raised its stake in Chevron by 19.3% in the 3rd quarter. Perigon Wealth Management LLC now owns 73,448 shares of the oil and gas company’s stock worth $11,406,000 after acquiring an additional 11,875 shares during the last quarter. New York State Teachers Retirement System increased its holdings in Chevron by 15.3% in the third quarter. New York State Teachers Retirement System now owns 1,620,231 shares of the oil and gas company’s stock valued at $251,606,000 after buying an additional 215,345 shares in the last quarter. Pictet North America Advisors SA purchased a new position in Chevron during the third quarter worth approximately $5,662,000. Finemark National Bank & Trust grew its stake in Chevron by 40.3% in the 3rd quarter. Finemark National Bank & Trust now owns 56,535 shares of the oil and gas company’s stock valued at $8,779,000 after acquiring an additional 16,243 shares during the period. Finally, New York State Common Retirement Fund raised its position in shares of Chevron by 10.2% during the 3rd quarter. New York State Common Retirement Fund now owns 1,894,470 shares of the oil and gas company’s stock worth $294,192,000 after purchasing an additional 175,439 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Insider Buying and Selling

In related news, Vice Chairman Mark A. Nelson sold 45,800 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $174.17, for a total value of $7,976,986.00. Following the sale, the insider directly owned 7,161 shares in the company, valued at approximately $1,247,231.37. The trade was a 86.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael K. Wirth sold 320,700 shares of the company’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 transaction of $52,270,893.00. Following the completion of the transaction, the chief executive officer owned 14,450 shares in the company, valued at approximately $2,355,205.50. This represents a 95.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 534,898 shares of company stock valued at $89,543,711 in the last ninety days. Company insiders own 0.20% of the company’s stock.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Berkshire Hathaway has shifted its portfolio after Buffett’s exit and added to its Chevron stake, a high-profile institutional buyer that can support the stock and signal confidence to other investors. Berkshire Hathaway Shifts As Buffett Exits And Abel Faces New Tests
• Positive Sentiment: Coverage from The Motley Fool and other outlets remains bullish on CVX’s upside (including $200 targets) and highlights its attractive yield, which attracts income-focused investors. Is Chevron Stock Going to $200?
• Positive Sentiment: Jim Cramer publicly recommended holding Chevron, calling it a stock that can run higher and highlighting its 3.85% yield — media endorsements can lift retail demand. Jim Cramer on Chevron: “I Would Hold on to That”
• Neutral Sentiment: Macro/sector story: U.S. actions in Venezuela have strengthened Guyana’s oil future, a geopolitical development that supports long-term offshore oil investment and is generally positive for major oil companies’ sector outlook (indirect for Chevron). How America’s Action in Venezuela Guaranteed Guyana’s Oil Future
• Neutral Sentiment: Investor interest in dividend stocks/ETFs (multiple roundup pieces) increases demand for high-yield names like Chevron, but these are broader flows rather than company-specific catalysts. Got $10,000? Put It in These Dividend ETFs Now
• Negative Sentiment: A recent DCF-based intrinsic-value write-up estimates Chevron is overvalued by ~30% (intrinsic value ~$126), a valuation critique that could limit upside or trigger profit-taking among value-focused funds. Our Calculation Of Intrinsic Value: Chevron Corporation

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CVX. Argus set a $203.00 price target on Chevron in a research note on Tuesday, February 3rd. Bank of America lowered their target price on shares of Chevron from $183.00 to $180.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. HSBC cut shares of Chevron from a “buy” rating to a “hold” rating and set a $180.00 target price for the company. in a research report on Monday, February 2nd. BMO Capital Markets restated an “outperform” rating and set a $190.00 price target on shares of Chevron in a research report on Monday, February 2nd. Finally, JPMorgan Chase & Co. raised shares of Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price objective for the company in a research note on Tuesday, January 20th. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $176.36.

Chevron Trading Up 1.3%

Shares of CVX opened at $186.47 on Monday. Chevron Corporation has a 12-month low of $132.04 and a 12-month high of $187.90. The firm has a market capitalization of $372.07 billion, a P/E ratio of 28.00, a P/E/G ratio of 12.36 and a beta of 0.67. The firm has a 50-day moving average price of $169.52 and a 200 day moving average price of $159.64. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21.

Chevron (NYSE:CVX) last issued its earnings results on Friday, January 30th. The oil and gas company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The company had revenue of $45.79 billion for the quarter, compared to the consensus estimate of $48.18 billion. During the same period in the previous year, the firm earned $2.06 earnings per share. Chevron’s quarterly revenue was down 10.2% compared to the same quarter last year. Sell-side analysts forecast that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be given a $1.78 dividend. The ex-dividend date is Tuesday, February 17th. This is a positive change from Chevron’s previous quarterly dividend of $1.71. This represents a $7.12 annualized dividend and a yield of 3.8%. Chevron’s dividend payout ratio (DPR) is currently 106.91%.

Chevron 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.