Kercheville Advisors LLC Takes $1.48 Million Position in Chevron Corporation $CVX

Kercheville Advisors LLC acquired a new stake in shares of Chevron Corporation (NYSE:CVX) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 9,551 shares of the oil and gas company’s stock, valued at approximately $1,483,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CVX. UniSuper Management Pty Ltd raised its stake in Chevron by 6.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 102,556 shares of the oil and gas company’s stock valued at $17,157,000 after buying an additional 6,200 shares during the last quarter. Talon Private Wealth LLC boosted its stake in shares of Chevron by 22.2% in the 1st quarter. Talon Private Wealth LLC now owns 1,785 shares of the oil and gas company’s stock worth $299,000 after buying an additional 324 shares during the last quarter. Kestra Investment Management LLC grew its holdings in shares of Chevron by 8.2% in the first quarter. Kestra Investment Management LLC now owns 7,964 shares of the oil and gas company’s stock worth $1,332,000 after acquiring an additional 606 shares during the period. Ashton Thomas Private Wealth LLC increased its position in Chevron by 16.4% during the first quarter. Ashton Thomas Private Wealth LLC now owns 107,181 shares of the oil and gas company’s stock valued at $17,930,000 after acquiring an additional 15,125 shares during the last quarter. Finally, Challenger Wealth Management increased its position in Chevron by 5.2% during the first quarter. Challenger Wealth Management now owns 20,591 shares of the oil and gas company’s stock valued at $3,445,000 after acquiring an additional 1,021 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

Wall Street Analysts Forecast Growth

CVX has been the topic of several research reports. Wall Street Zen raised Chevron from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. HSBC set a $169.00 price objective on shares of Chevron and gave the stock a “buy” rating in a research note on Monday, December 1st. Barclays cut their target price on shares of Chevron from $160.00 to $158.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. Zacks Research upgraded shares of Chevron from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 23rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Chevron in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $166.90.

Chevron Stock Performance

CVX opened at $163.84 on Tuesday. The company has a 50 day simple moving average of $152.05 and a two-hundred day simple moving average of $153.20. 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 market cap of $329.90 billion, a P/E ratio of 23.04, a PEG ratio of 9.76 and a beta of 0.70. Chevron Corporation has a 1-year low of $132.04 and a 1-year high of $168.96.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.71 by $0.14. The firm 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 company’s revenue was down 1.9% on a year-over-year basis. During the same period last year, the firm earned $2.48 EPS. Equities analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 18th were paid a $1.71 dividend. 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 4.2%. Chevron’s dividend payout ratio is 96.20%.

Insider Buying and Selling at Chevron

In related news, Director John B. Hess sold 275,000 shares of the stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $150.75, for a total transaction of $41,456,250.00. Following the completion of the sale, the director owned 1,128,045 shares in the company, valued at approximately $170,052,783.75. This trade represents a 19.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Key Stores Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: U.S. intervention and White House statements raising the prospect of renewed U.S. access to Venezuelan oil have pushed Chevron into a favored position as the only major U.S. operator still active there. The market has anointed Chevron the big Venezuela winner. But oil majors face a long road before any payoff
• Positive Sentiment: Chevron already runs projects and exports from Venezuela and owns Gulf Coast refining capacity well suited to heavy, sour Venezuelan crude — a strategic integration advantage if flows resume. Chevron’s Risky Bet to Stay in Venezuela May Now Give It an Advantage
• Positive Sentiment: Market action: heavy call‑option buying and sharp premarket/intraday buying in oil names lifted Chevron and contributed to broader gains (helping the Dow reach record levels). Chevron, US refiners’ shares surge after Trump’s move toward Venezuela oil
• Neutral Sentiment: Some analysts remain constructive but cautious — Citigroup trimmed its price target (keeps a Buy) and broader street ratings are mixed; the rally has attracted both buy recommendations and “wait for consolidation” notes.
• Negative Sentiment: Significant execution risk and timelines: rebuilding Venezuela’s dilapidated oil infrastructure will take years and billions, so any revenue/earnings upside is likely long‑dated. The market has anointed Chevron the big Venezuela winner. But oil majors face a long road before any payoff
• Negative Sentiment: Policy/coordination uncertainty: reports say the administration didn’t consult majors before the operation, leaving questions about contracts, timing and legal/regulatory frameworks for U.S. companies. Trump administration has not consulted US oil majors about Venezuela, oil execs say
• Negative Sentiment: Technicals and economics: some technical indicators show the move is overbought and crude prices remain below levels that would meaningfully boost near‑term margins, increasing risk of a pullback.

Chevron Company 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.