Banyan Capital Management Inc. Takes $667,000 Position in Chevron Corporation $CVX

Banyan Capital Management Inc. bought a new position in shares of Chevron Corporation (NYSE:CVX) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,298 shares of the oil and gas company’s stock, valued at approximately $667,000. Chevron comprises approximately 0.3% of Banyan Capital Management Inc.’s holdings, making the stock its 24th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Quaker Wealth Management LLC grew its position in shares of Chevron by 197.7% in the second quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 439 shares during the last quarter. Decker Retirement Planning Inc. acquired a new position in Chevron in the third quarter valued at about $34,000. Vermillion & White Wealth Management Group LLC raised its position in shares of 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 valued at $37,000 after buying an additional 118 shares in the last quarter. IMG Wealth Management Inc. raised its position in Chevron by 52.3% during the second quarter. IMG Wealth Management Inc. now owns 265 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 91 shares in the last quarter. Finally, Marquette Asset Management LLC bought a new stake in shares of Chevron during the 3rd quarter worth $41,000. Institutional investors own 72.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CVX shares. Jefferies Financial Group increased their price target on Chevron from $174.00 to $189.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Bank of America lowered their price target on shares of Chevron from $183.00 to $180.00 and set a “buy” rating for the company in a report on Thursday, December 11th. JPMorgan Chase & Co. raised Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price objective on the stock in a research note on Tuesday, January 20th. Hsbc Global Res upgraded shares of Chevron from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 1st. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $160.00 price target (down previously from $170.00) on shares of Chevron in a report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $170.00.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron plans to boost Venezuelan crude exports to the U.S. to ~300k barrels per day in March, which would increase feedstock volumes and near-term cash generation for its trading/marketing and refining exposures. Article Title
• Positive Sentiment: Analysts remain constructive: BMO reiterated a Buy citing Permian well performance and longer-term production visibility; other shops (RBC, DBS) have maintained or issued Buy ratings — supporting investor sentiment and the stock multiple. Article Title
• Positive Sentiment: Geopolitical risk is lifting oil prices (Iran tensions / U.S. naval movements), a tailwind for integrated oil majors’ earnings and dividend support that benefits Chevron’s stock sentiment. Article Title
• Positive Sentiment: Large institutional investors have been accumulating Chevron, which can underpin share demand and limit downside during earnings volatility. Article Title
• Neutral Sentiment: Market is focused on Chevron’s upcoming Q4 report — previews and analyst notes are circulating but consensus is mixed; this makes near-term moves earnings-driven rather than purely fundamentals-driven. Article Title
• Neutral Sentiment: Kazakhstan officials say Chevron has pledged reliable, safe operations at the Tengiz field — operational reassurance but not a major near-term catalyst. Article Title
• Negative Sentiment: Quarterly previews (Seeking Alpha and others) flag an expected sharp slide in Q4 profit vs. year-ago levels — that downside to near-term earnings could cap upside unless Chevron provides encouraging guidance. Article Title
• Negative Sentiment: Political and strategic debates over investing in Venezuela create policy and reputational risk, and Wall Street’s push for spending discipline means management faces conflicting pressures on capital allocation. Article Title

Insider Buying and Selling at Chevron

In other Chevron news, CEO Michael K. Wirth sold 320,700 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer directly owned 14,450 shares of the company’s stock, valued at $2,355,205.50. The trade was a 95.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Eimear P. Bonner sold 28,334 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $165.05, for a total transaction of $4,676,526.70. Following the completion of the transaction, the chief financial officer owned 4,366 shares in the company, valued at $720,608.30. This represents a 86.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 635,190 shares of company stock valued at $100,254,408. 0.21% of the stock is owned by insiders.

Chevron Price Performance

Shares of NYSE CVX opened at $171.15 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15. The stock has a market cap of $344.60 billion, a PE ratio of 24.07, a price-to-earnings-growth ratio of 11.83 and a beta of 0.70. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $174.92. The stock has a fifty day moving average of $155.87 and a 200-day moving average of $155.24.

Chevron (NYSE:CVX) last issued its quarterly earnings data 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. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The company had revenue of $48.17 billion for the quarter, compared to the consensus estimate of $46.99 billion. During the same quarter last year, the business posted $2.48 earnings per share. The firm’s revenue was down 1.9% compared to the same quarter last year. Equities research analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current year.

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.