Fidelis Capital Partners LLC Raises Stock Position in Chevron Corporation $CVX

Fidelis Capital Partners LLC lifted its holdings in shares of Chevron Corporation (NYSE:CVX) by 14.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,646 shares of the oil and gas company’s stock after acquiring an additional 4,826 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Chevron were worth $6,001,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Quaker Wealth Management LLC boosted 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 worth $31,000 after buying an additional 439 shares during the period. Decker Retirement Planning Inc. acquired a new position in Chevron during the 3rd quarter worth approximately $34,000. Vermillion & White Wealth Management Group LLC boosted its holdings in 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 worth $37,000 after acquiring an additional 118 shares during the period. Marquette Asset Management LLC acquired a new stake in Chevron in the third quarter valued at approximately $41,000. Finally, IMG Wealth Management Inc. raised its stake in shares of 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 during the period. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CVX. BMO Capital Markets restated an “outperform” rating on shares of Chevron in a research note on Thursday, January 8th. Scotiabank restated a “sector perform” rating and set a $168.00 target price on shares of Chevron in a research note on Friday, January 16th. Wall Street Zen lowered Chevron from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. Barclays increased their price target on Chevron from $158.00 to $166.00 and gave the company an “equal weight” rating in a report on Wednesday, January 21st. Finally, Jefferies Financial Group lifted their price objective on Chevron from $174.00 to $189.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. One investment 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 given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $170.00.

Insider Buying and Selling at Chevron

In other Chevron news, CEO Michael K. Wirth sold 320,700 shares of the stock in a transaction on Monday, January 5th. The shares were sold at an average price of $162.99, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alana K. Knowles sold 3,200 shares of Chevron stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $168.00, for a total transaction of $537,600.00. Following the completion of the transaction, the insider directly owned 1,207 shares of the company’s stock, valued at $202,776. This trade represents a 72.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 635,190 shares of company stock worth $100,254,408 in the last ninety days. 0.20% of the stock is currently owned by company insiders.

Chevron Stock Up 0.6%

NYSE:CVX opened at $170.02 on Thursday. 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 company has a market capitalization of $342.35 billion, a price-to-earnings ratio of 23.91, a price-to-earnings-growth ratio of 11.66 and a beta of 0.70. Chevron Corporation has a one year low of $132.04 and a one year high of $170.42. The stock has a 50-day simple moving average of $155.45 and a 200 day simple moving average of $155.13.

Chevron (NYSE:CVX) last released its earnings results on Friday, October 31st. The oil and gas company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.14. The company had revenue of $48.17 billion for the quarter, compared to the consensus estimate of $46.99 billion. Chevron had a return on equity of 8.74% and a net margin of 6.57%.Chevron’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.48 EPS. Sell-side analysts predict that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th were issued a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Tuesday, November 18th. Chevron’s payout ratio is currently 96.20%.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Plans to boost Venezuelan crude exports to the U.S. to ~300,000 bpd in March (up from ~100,000 bpd in December) should lift volumes and near-term cash flow for Chevron. Chevron to boost exports of Venezuelan oil to US in March, sources say
• Positive Sentiment: Multiple brokerages reaffirmed or issued Buy/Outperform ratings (RBC, DBS, BMO), providing analyst support for the stock and backing current targets near the stock’s recent highs. RBC Capital Sticks to Their Buy Rating for Chevron (CVX)
• Positive Sentiment: Chevron added veteran executive Thomas W. Horton to its board and audit committee, which investors often view as a governance positive. Chevron appoints veteran executive Thomas Horton to board
• Positive Sentiment: Chevron signed an MoU with Libya’s national oil company to resume exploration activity after a long absence—an incremental upside if it yields new production or reserves. Chevron Signs MoU With Libya’s NOC to Boost Oil and Gas Exploration
• Neutral Sentiment: Chevron is negotiating with Iraq over better commercial terms before taking over Lukoil’s West Qurna 2 field—this could improve returns if successful but adds timing and execution risk. Exclusive: Chevron seeks better terms from Iraq before taking over Lukoil oilfield, sources say
• Neutral Sentiment: Large institutional managers have been increasing Chevron positions, which supports longer-term demand but is not an immediate catalyst. The Value Stock Big-Money Managers Are Quietly Buying
• Neutral Sentiment: Investors are positioned ahead of Chevron’s upcoming Q4 earnings release — that event could create short-term volatility depending on realized margins and production updates. Here’s How to Play Chevron Stock Before Q4 Earnings Release
• Negative Sentiment: Chevron has underperformed the S&P 500 over the last year, a reminder that relative performance and valuation concerns could temper upside despite operational wins. Do Wall Street Analysts Like Chevron Stock?

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.