Chevron Corporation $CVX Stake Boosted by Raiffeisen Bank International AG

Raiffeisen Bank International AG lifted its stake in Chevron Corporation (NYSE:CVX) by 5.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,979 shares of the oil and gas company’s stock after acquiring an additional 2,500 shares during the quarter. Raiffeisen Bank International AG’s holdings in Chevron were worth $8,420,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Midwest Capital Advisors LLC acquired a new stake in shares of Chevron during the 1st quarter valued at about $25,000. Core Wealth Advisors LLC acquired a new position in Chevron in the fourth quarter worth approximately $26,000. Phillip James Consulting Co. bought a new position in Chevron during the fourth quarter valued at approximately $26,000. Basso Capital Management L.P. bought a new position in Chevron during the fourth quarter valued at approximately $27,000. Finally, Karpus Management Inc. acquired a new stake in Chevron in the fourth quarter valued at approximately $27,000. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Chevron

In other news, CEO Michael K. Wirth sold 317,100 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $200.46, for a total transaction of $63,565,866.00. Following the sale, the chief executive officer directly owned 26,308 shares in the company, valued at approximately $5,273,701.68. The trade was a 92.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Andrew Walz sold 16,800 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $201.06, for a total value of $3,377,808.00. Following the completion of the transaction, the insider owned 14 shares of the company’s stock, valued at $2,814.84. The trade was a 99.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,152,582 shares of company stock worth $225,853,661. Insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

CVX has been the topic of several analyst reports. Weiss Ratings upgraded shares of Chevron from a “hold (c)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Sanford C. Bernstein upped their price objective on shares of Chevron from $204.00 to $209.00 and gave the stock a “market perform” rating in a report on Monday, August 3rd. UBS Group restated a “buy” rating on shares of Chevron in a report on Tuesday, June 23rd. BMO Capital Markets boosted their price target on Chevron from $210.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, TD Cowen upped their price target on Chevron from $200.00 to $205.00 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. Twenty investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $211.35.

Chevron Trading Down 0.2%

Shares of NYSE:CVX opened at $211.45 on Friday. The company has a market cap of $417.78 billion, a P/E ratio of 20.27, a P/E/G ratio of 0.63 and a beta of 0.50. The stock’s 50-day moving average is $190.35 and its 200-day moving average is $189.64. Chevron Corporation has a 52-week low of $146.49 and a 52-week high of $214.71. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.25.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, topping the consensus estimate of $5.55 by $0.51. The business had revenue of $67.20 billion during the quarter, compared to analysts’ expectations of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%.The firm’s revenue was up 57.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.77 EPS. Equities research analysts predict that Chevron Corporation will post 16.24 earnings per share for the current year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be paid a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a yield of 3.4%. The ex-dividend date is Wednesday, August 19th. Chevron’s payout ratio is currently 68.26%.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Venezuela expansion offers significant production growth. Chevron plans to invest more than $7 billion over five years, add acreage in Venezuela’s Orinoco Belt and increase joint-venture production from roughly 280,000 barrels per day toward 600,000 barrels per day. Updated fiscal, commercial and legal terms could improve project economics, with reported production costs below $20 per barrel. Chevron expands Venezuela position, to invest $7 billion in next five years
• Positive Sentiment: Oil-price momentum is supporting energy shares. Crude prices above $90 per barrel, strong second-quarter earnings and a 20% increase in worldwide production have boosted sentiment toward Chevron and the broader energy sector. Analysts and dividend-focused coverage also highlight Chevron’s long record of annual dividend increases. Chevron Stock Opinions on Rising Oil Prices
• Neutral Sentiment: Ghana provides another long-term option, but no immediate earnings impact. Chevron and Shell signed a nonbinding preliminary agreement covering potential production rights in Ghana’s South Deepwater Tano Cape Three Points block. Ownership, capital requirements and commercial terms remain undisclosed, so investors have limited visibility into the opportunity. Chevron, Shell sign preliminary agreement with Ghana
• Negative Sentiment: Investors remain concerned about Venezuela’s risks and the scale of spending. The production target depends on infrastructure, financing, sanctions and political stability, while critics question whether Venezuela can deliver the promised growth. Chevron’s shares also trade at elevated levels following the rally, and reported insider activity shows selling rather than purchases, potentially limiting near-term upside.

Chevron 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.