Venturi Wealth Management LLC Boosts Stake in Chevron Corporation $CVX

Venturi Wealth Management LLC increased its holdings in shares of Chevron Corporation (NYSE:CVX) by 11.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,781 shares of the oil and gas company’s stock after purchasing an additional 4,292 shares during the quarter. Venturi Wealth Management LLC’s holdings in Chevron were worth $6,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of CVX. Berkshire Hathaway Inc boosted its holdings in shares of Chevron by 2.9% during the 2nd 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 acquiring an additional 3,454,258 shares during the last quarter. Kingstone Capital Partners Texas LLC raised its holdings in shares of Chevron by 652,139.5% during the second quarter. Kingstone Capital Partners Texas LLC now owns 83,714,936 shares of the oil and gas company’s stock valued at $13,214,757,000 after purchasing an additional 83,702,101 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Chevron by 4.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 34,772,753 shares of the oil and gas company’s stock valued at $4,979,255,000 after purchasing an additional 1,342,723 shares during the last quarter. Fisher Asset Management LLC lifted its position in Chevron by 1.9% during the second quarter. Fisher Asset Management LLC now owns 20,826,805 shares of the oil and gas company’s stock valued at $2,982,190,000 after purchasing an additional 378,936 shares during the period. Finally, Norges Bank purchased a new stake in Chevron in the second quarter worth approximately $2,721,477,000. 72.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Raymond James Financial reaffirmed an “outperform” rating and issued a $160.00 target price (down previously from $170.00) on shares of Chevron in a research report on Friday, October 17th. Piper Sandler dropped their price target on Chevron from $178.00 to $174.00 and set an “overweight” rating on the stock in a research note on Thursday. BMO Capital Markets reaffirmed an “outperform” rating on shares of Chevron in a report on Thursday. Mizuho upped their price objective on Chevron from $204.00 to $206.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Finally, Citigroup dropped their target price on Chevron from $185.00 to $179.00 and set a “buy” rating on the stock in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Chevron currently has a consensus rating of “Hold” and an average price target of $167.14.

Insider Activity at Chevron

In other news, insider Alana K. Knowles sold 7,956 shares of Chevron stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $165.05, for a total value of $1,313,137.80. Following the sale, the insider directly owned 1,207 shares of the company’s stock, valued at approximately $199,215.35. The trade was a 86.83% 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, CEO Michael K. Wirth sold 320,700 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $162.99, for a total value of $52,270,893.00. Following the transaction, the chief executive officer directly owned 14,450 shares of the company’s stock, valued at approximately $2,355,205.50. The trade was a 95.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 631,990 shares of company stock worth $99,716,808 in the last quarter. 0.21% of the stock is owned by company insiders.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is in advanced talks with the U.S. government to expand its Venezuela operating license — a move that would allow higher exports to Chevron’s refineries and to third parties, potentially boosting volumes and margins. Exclusive: Chevron in talks with US government for expanded Venezuela license, sources say
• Positive Sentiment: Shipping and field activity show operational acceleration: reports say Chevron has ramped tanker loadings and contracted multiple vessels for Venezuelan port calls — evidence it can scale exports quickly if the license expands. Chevron Is Loading Venezuela Oil Onto Tankers at the Fastest Pace in Months
• Positive Sentiment: Some sell-side views are constructive: Bernstein raised its target on Chevron as its oil outlook balances volatility and strength, supporting upside to the stock if higher Venezuela volumes materialize. Bernstein raises Chevron (CVX) target
• Neutral Sentiment: Not all flows are cleared: some loadings for traditional buyers (notably Chinese customers) have been paused, highlighting distribution and counterparty risks that could delay cash conversion of any export ramp. Chevron continues to ship Venezuelan oil, but loading on hold for Chinese buyers
• Neutral Sentiment: Senior U.S. officials and oil companies warn major investments in Venezuela will require government guarantees, implying large-scale redevelopment will be conditional and take time. US oil companies say they need guarantees to invest in Venezuela
• Negative Sentiment: Broker downgrade: Freedom Capital moved CVX to a “strong sell,” a headline that can pressure sentiment and trigger short-term selling. Chevron Cut to “Strong Sell” at Freedom Capital
• Negative Sentiment: Significant insider selling: filings show large sales by the CEO, CFO and other insiders in early January, which markets often interpret as a negative signal or near-term supply pressure. SEC Form 4 filings — insider sales
• Negative Sentiment: Political and reputational risk: high-profile criticism and scrutiny around U.S. plans for Venezuela increase execution and regulatory uncertainty for any rapid expansion. Elizabeth Warren comments on Venezuela plan

Chevron Price Performance

NYSE CVX opened at $159.27 on Friday. 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 Corporation has a 12 month low of $132.04 and a 12 month high of $168.96. The company’s 50 day moving average is $152.22 and its two-hundred day moving average is $153.31. The stock has a market cap of $320.70 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 9.72 and a beta of 0.70.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.14. The business had revenue of $48.17 billion during the quarter, compared to analyst estimates of $46.99 billion. Chevron had a return on equity of 8.74% and a net margin of 6.57%.Chevron’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.48 EPS. As a group, research analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th were given a dividend of $1.71 per share. The ex-dividend date was Tuesday, November 18th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.3%. Chevron’s dividend payout ratio is currently 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.