Chevron Corporation $CVX Shares Sold by First Command Advisory Services Inc.

First Command Advisory Services Inc. decreased its holdings in Chevron Corporation (NYSE:CVX) by 12.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,582 shares of the oil and gas company’s stock after selling 2,862 shares during the quarter. First Command Advisory Services Inc.’s holdings in Chevron were worth $4,203,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp grew its stake in shares of Chevron by 3.9% during the 2nd quarter. State Street Corp now owns 159,136,768 shares of the oil and gas company’s stock valued at $28,016,651,000 after buying an additional 5,998,852 shares during the period. BlackRock Inc. acquired a new position in Chevron in the second quarter valued at $25,663,729,000. Bank of America Corp DE grew its position in Chevron by 5.1% during the first quarter. Bank of America Corp DE now owns 27,630,227 shares of the oil and gas company’s stock valued at $5,716,694,000 after acquiring an additional 1,334,976 shares during the period. Bank of New York Mellon Corp purchased a new stake in Chevron during the second quarter valued at about $2,378,114,000. Finally, Amundi grew its position in Chevron by 14.1% during the second quarter. Amundi now owns 13,900,271 shares of the oil and gas company’s stock valued at $2,304,109,000 after acquiring an additional 1,714,835 shares during the period. Institutional investors and hedge funds own 72.42% of the company’s stock.

Key Chevron News

Investors following CVX have been watching these news items:

• Positive Sentiment: A 25% stake in Chevron’s Namibia offshore license is being sold to QatarEnergy. Sharing exploration costs while retaining control could limit Chevron’s financial exposure and preserve potential upside from a discovery. Chevron Expands Namibia Ties With QatarEnergy Offshore Stake Deal
• Neutral Sentiment: Dividend coverage highlights Chevron’s long record of annual increases—39 consecutive years—and its reaffirmed payout. That history may appeal to income investors, though comparisons with other dividend stocks do not by themselves indicate near-term earnings or share-price direction. Exxon vs. Chevron: Which Oil Dividend Wins the Next Decade?
• Negative Sentiment: Chevron’s plans to expand Venezuelan production offer potential growth, but the article flags political and investment uncertainty; ExxonMobil’s caution underscores the risks of committing capital in the country. Chevron Is Doubling Venezuela Production. ExxonMobil Says It’s Not in a Rush.

Chevron Trading Up 0.9%

NYSE:CVX opened at $213.21 on Thursday. The business’s 50-day moving average is $215.23 and its two-hundred day moving average is $195.08. The firm has a market capitalization of $419.05 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 0.49 and a beta of 0.47. Chevron Corporation has a 12 month low of $146.49 and a 12 month high of $236.48. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.34 and a quick ratio of 1.07.

Chevron (NYSE:CVX) last posted its earnings results on Friday, October 30th. The oil and gas company reported $5.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.87 by $0.41. The business had revenue of $65.24 billion during the quarter, compared to analyst estimates of $61.82 billion. Chevron had a return on equity of 14.49% and a net margin of 11.56%. The company’s revenue for the quarter was up 36.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.85 earnings per share. Research analysts predict that Chevron Corporation will post 18.64 earnings per share for the current fiscal year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 18th will be given a $1.78 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $7.12 annualized dividend and a yield of 3.3%. Chevron’s dividend payout ratio (DPR) is 52.08%.

Analyst Ratings Changes

Several brokerages have commented on CVX. Mizuho set a $234.00 price target on Chevron in a research note on Monday, October 12th. Jefferies Financial Group lifted their price objective on Chevron from $216.00 to $233.00 and gave the company a “buy” rating in a research note on Monday, August 17th. Freedom Broker upgraded Chevron from a “sell” rating to a “hold” rating and set a $218.00 target price for the company in a report on Thursday, November 5th. UBS Group increased their target price on shares of Chevron from $235.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, November 2nd. Finally, Barclays raised their price target on shares of Chevron from $208.00 to $244.00 and gave the company an “equal weight” rating in a report on Monday, November 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $221.88.

Insider Buying and Selling at Chevron

In other news, insider Andrew Walz sold 16,800 shares of Chevron stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $201.06, for a total transaction of $3,377,808.00. Following the sale, the insider owned 14 shares in the company, valued at $2,814.84. This trade represents a 99.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider R. Pate sold 40,700 shares of the business’s stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $226.65, for a total transaction of $9,224,655.00. Following the transaction, the insider directly owned 8,791 shares in the company, valued at approximately $1,992,480.15. The trade was a 82.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 379,470 shares of company stock valued at $77,216,415 over the last 90 days. 0.56% of the stock is owned by corporate insiders.

Chevron Company Profile

Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives. The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.