Bank of Montreal Can Raises Stock Holdings in Chevron Corporation $CVX

Bank of Montreal Can boosted its position in shares of Chevron Corporation (NYSE:CVX) by 24.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 2,542,220 shares of the oil and gas company’s stock after acquiring an additional 492,006 shares during the quarter. Bank of Montreal Can owned about 0.13% of Chevron worth $394,781,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CVX. Decker Retirement Planning Inc. acquired a new stake in shares of Chevron during the third quarter worth about $34,000. Vermillion & White Wealth Management Group LLC increased its holdings in Chevron by 86.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock worth $37,000 after buying an additional 118 shares during the period. Marquette Asset Management LLC acquired a new position in Chevron in the 3rd quarter worth approximately $41,000. Barnes Dennig Private Wealth Management LLC raised its position in Chevron by 306.1% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company’s stock worth $42,000 after buying an additional 202 shares during the last quarter. Finally, Traub Capital Management LLC acquired a new stake in Chevron during the 2nd quarter valued at approximately $46,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Geopolitical supply shocks have driven crude sharply higher (WTI/Brent > $100), which boosts Chevron’s upstream margins and cash flow outlook. Higher oil is a primary tailwind for CVX today. Wall Street Is Pointing to the 1990 Gulf War Playbook
• Positive Sentiment: Bank of America’s bullish $206 price target and related coverage helped lift sentiment and option activity in CVX, supporting near-term upside expectations. Blockonomi: BofA Upgrade
• Positive Sentiment: Chevron is reported to be in talks to buy ~30% of Brazil’s Ipiranga via Ultrapar’s potential stake sale — a move that would expand downstream retail exposure in Latin America and diversify cash flows. Reuters: Ultrapar Taps BTG; Chevron Interest
• Positive Sentiment: Operational growth and portfolio moves (Hess closing/Guyana exposure and exclusive talks for Iraq’s West Qurna 2) are framing a longer-term growth story beyond cyclical oil moves. Yahoo: Hess Deal & West Qurna Talks
• Neutral Sentiment: Market commentary suggests option strategies (shorting OTM puts/calls, covered calls) are being used to monetize elevated premiums around CVX — this raises income opportunities but also signals some investors expect limited near-term directional moves. Barchart: Options Strategy
• Neutral Sentiment: Chevron signed a five-year gas supply deal with Horizon Power, underpinning steady gas revenues in Australia but with limited immediate impact on global oil-driven earnings. Zacks: Horizon Power Deal
• Negative Sentiment: Chevron plans to suspend production at the Leviathan gas field offshore Israel, reducing near-term gas output and revenues from that asset and adding operational disruption risk. InsiderMonkey: Leviathan Suspension
• Negative Sentiment: Public criticism from Chevron’s refining president of California climate rules highlights regulatory and political headwinds that could pressure West Coast refining margins and operational flexibility. YouTube: Chevron President on California Regs

Insider Transactions at Chevron

In other Chevron news, CFO Eimear P. Bonner sold 32,100 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $175.01, for a total transaction of $5,617,821.00. Following the transaction, the chief financial officer owned 4,366 shares in the company, valued at approximately $764,093.66. This represents a 88.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $187.92, for a total value of $26,233,632.00. Following the completion of the sale, the insider owned 11,337 shares of the company’s stock, valued at $2,130,449.04. This trade represents a 92.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,052,197 shares of company stock worth $187,128,404 over the last quarter. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wells Fargo & Company upped their price objective on shares of Chevron from $196.00 to $204.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Sanford C. Bernstein boosted their target price on shares of Chevron from $170.00 to $172.00 and gave the company a “market perform” rating in a research report on Monday, January 5th. Jefferies Financial Group upped their price target on shares of Chevron from $174.00 to $189.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. Argus set a $203.00 price target on Chevron in a research report on Tuesday, February 3rd. Finally, Scotiabank reiterated a “sector perform” rating and set a $168.00 price objective on shares of Chevron in a research note on Friday, January 16th. Thirteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $178.95.

Chevron Price Performance

NYSE:CVX opened at $189.43 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86. The company has a 50 day moving average price of $174.15 and a 200-day moving average price of $161.09. Chevron Corporation has a 1-year low of $132.04 and a 1-year high of $192.41. The firm has a market cap of $377.99 billion, a price-to-earnings ratio of 28.44, a price-to-earnings-growth ratio of 1.91 and a beta of 0.67.

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

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be paid a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, February 17th. This is an increase from Chevron’s previous quarterly dividend of $1.71. Chevron’s dividend payout ratio 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.