Chevron Corporation $CVX Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its stake in Chevron Corporation (NYSE:CVX) by 6.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,105,005 shares of the oil and gas company’s stock after purchasing an additional 67,373 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.06% of Chevron worth $171,153,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Perpetual Ltd increased its stake in Chevron by 0.6% during the second quarter. Perpetual Ltd now owns 17,309 shares of the oil and gas company’s stock worth $2,478,000 after purchasing an additional 97 shares during the period. Assenagon Asset Management S.A. increased its stake in Chevron by 514.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 542,775 shares of the oil and gas company’s stock worth $77,720,000 after buying an additional 673,890 shares during the period. CX Institutional increased its stake in Chevron by 5.7% during the 2nd quarter. CX Institutional now owns 52,528 shares of the oil and gas company’s stock worth $7,521,000 after buying an additional 2,852 shares during the period. Vantage Wealth lifted its holdings in Chevron by 0.5% during the 2nd quarter. Vantage Wealth now owns 125,500 shares of the oil and gas company’s stock worth $17,970,000 after buying an additional 635 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Chevron by 4.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 94,662 shares of the oil and gas company’s stock valued at $13,555,000 after buying an additional 4,372 shares during the period. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Chevron Price Performance

Shares of CVX opened at $166.27 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86. Chevron Corporation has a 1-year low of $132.04 and a 1-year high of $169.37. The stock has a market cap of $334.79 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 10.29 and a beta of 0.70. The firm has a fifty day moving average price of $153.46 and a 200 day moving average price of $154.27.

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

Chevron Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th were paid 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 yield of 4.1%. Chevron’s dividend payout ratio is currently 96.20%.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron took a Final Investment Decision (FID) to expand the Leviathan offshore gas platform, adding wells and capacity to send more gas to Israel, Egypt and Jordan — a concrete growth project that should strengthen Chevron’s Eastern Mediterranean gas production and near‑term cash flow. Reuters: Chevron takes final investment decision on Leviathan gas expansion
• Positive Sentiment: Multiple outlets report Chevron is likely to receive an expanded U.S. license to operate in Venezuela, which — if finalized and implemented — would enable higher production and exports from a large resource basin and materially improve future production upside. Reuters: Chevron expected to receive expanded Venezuela license
• Neutral Sentiment: Republican bill H.R.7084 (Defending American Property Abroad Act) would give the U.S. government additional tools related to ports and assets seized by foreign states — could be helpful for U.S. companies with expropriation risk, but timing and use of the law are uncertain. QuiverQuant: H.R.7084 summary
• Neutral Sentiment: Investor commentary and screening pieces are flagging Chevron as a dividend and income name worth buying on weakness — supportive to longer‑term demand for the stock but less relevant to near‑term price moves. Seeking Alpha: Buy the dip — dividend growth stocks
• Negative Sentiment: New legislation proposed (H.R.7094, No Aid for Russian Energy Act) would restrict U.S. persons and parent companies from supplying equipment/services to Russia’s energy sector — a potential regulatory headwind for U.S. majors with any exposure or plans tied to Russia. QuiverQuant: H.R.7094 summary
• Negative Sentiment: Insider selling: an executive sold 3,200 shares at roughly $168 — common but can be interpreted as a modest near‑term negative signal to sentiment. SEC Form 4: insider sale
• Negative Sentiment: Oil prices slipped after an easing of Iran‑related geopolitical risk, which pressures upstream margins and can temper short‑term earnings for integrated majors including Chevron. Barron’s: Oil prices fall as Iran tensions ease

Insider Buying and Selling at Chevron

In related news, insider Alana K. Knowles sold 7,956 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $165.05, for a total transaction of $1,313,137.80. Following the transaction, the insider owned 1,207 shares of the company’s stock, valued at $199,215.35. This trade represents a 86.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael K. Wirth sold 320,700 shares of the company’s 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 sale, the chief executive officer directly owned 14,450 shares of the company’s stock, valued at approximately $2,355,205.50. This represents a 95.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 635,190 shares of company stock valued at $100,254,408. Company insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Scotiabank reiterated a “sector perform” rating and issued a $168.00 price objective on shares of Chevron in a research note on Friday. Citigroup decreased their price objective on Chevron from $185.00 to $179.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Jefferies Financial Group upped their target price on shares of Chevron from $174.00 to $189.00 and gave the stock a “buy” rating in a research note on Wednesday. Bank of America decreased their price target on shares of Chevron from $183.00 to $180.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Finally, Sanford C. Bernstein increased their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $168.27.

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.