Chevron Corporation $CVX Shares Acquired by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co raised its stake in Chevron Corporation (NYSE:CVX) by 39.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 191,251 shares of the oil and gas company’s stock after acquiring an additional 54,382 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Chevron were worth $29,699,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Decker Retirement Planning Inc. acquired a new stake in shares of Chevron in the third quarter valued at 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 valued at $37,000 after purchasing an additional 118 shares in the last quarter. Marquette Asset Management LLC acquired a new position in Chevron during the third quarter worth $41,000. Barnes Dennig Private Wealth Management LLC increased its holdings in Chevron by 306.1% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company’s stock valued at $42,000 after buying an additional 202 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA increased its stake in Chevron by 106.7% in the 2nd quarter. LFA Lugano Financial Advisors SA now owns 310 shares of the oil and gas company’s stock valued at $44,000 after purchasing an additional 160 shares in the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Berkshire Hathaway has shifted its portfolio after Buffett’s exit and added to its Chevron stake, a high-profile institutional buyer that can support the stock and signal confidence to other investors. Berkshire Hathaway Shifts As Buffett Exits And Abel Faces New Tests
• Positive Sentiment: Coverage from The Motley Fool and other outlets remains bullish on CVX’s upside (including $200 targets) and highlights its attractive yield, which attracts income-focused investors. Is Chevron Stock Going to $200?
• Positive Sentiment: Jim Cramer publicly recommended holding Chevron, calling it a stock that can run higher and highlighting its 3.85% yield — media endorsements can lift retail demand. Jim Cramer on Chevron: “I Would Hold on to That”
• Neutral Sentiment: Macro/sector story: U.S. actions in Venezuela have strengthened Guyana’s oil future, a geopolitical development that supports long-term offshore oil investment and is generally positive for major oil companies’ sector outlook (indirect for Chevron). How America’s Action in Venezuela Guaranteed Guyana’s Oil Future
• Neutral Sentiment: Investor interest in dividend stocks/ETFs (multiple roundup pieces) increases demand for high-yield names like Chevron, but these are broader flows rather than company-specific catalysts. Got $10,000? Put It in These Dividend ETFs Now
• Negative Sentiment: A recent DCF-based intrinsic-value write-up estimates Chevron is overvalued by ~30% (intrinsic value ~$126), a valuation critique that could limit upside or trigger profit-taking among value-focused funds. Our Calculation Of Intrinsic Value: Chevron Corporation

Chevron Trading Up 1.3%

NYSE CVX opened at $186.47 on Monday. The firm’s 50 day moving average price is $169.52 and its two-hundred day moving average price is $159.64. The stock has a market cap of $372.07 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 12.36 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.86 and a current ratio of 1.15. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $187.90.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.08. Chevron had a return on equity of 7.89% and a net margin of 6.51%.The company had revenue of $45.79 billion during the quarter, compared to analysts’ expectations of $48.18 billion. During the same quarter in the previous year, the firm earned $2.06 earnings per share. The business’s quarterly revenue was down 10.2% compared to the same quarter last year. Equities analysts anticipate that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be issued a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a yield of 3.8%. This is a positive change from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date is Tuesday, February 17th. Chevron’s dividend payout ratio is currently 106.91%.

Analyst Ratings Changes

Several brokerages have issued reports on CVX. Citigroup reduced their price target on shares of Chevron from $185.00 to $179.00 and set a “buy” rating on the stock in a report on Monday, January 5th. Sanford C. Bernstein raised their target price on shares of Chevron from $170.00 to $172.00 and gave the stock a “market perform” rating in a research report on Monday, January 5th. Zacks Research upgraded Chevron from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 23rd. JPMorgan Chase & Co. upgraded Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 target price for the company in a research note on Tuesday, January 20th. Finally, Bank of America lowered their target price on Chevron from $183.00 to $180.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Thirteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Chevron has an average rating of “Hold” and a consensus target price of $176.36.

Insider Transactions at Chevron

In other news, Vice Chairman Mark A. Nelson sold 45,800 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $174.17, for a total transaction of $7,976,986.00. Following the completion of the transaction, the insider directly owned 7,161 shares in the company, valued at $1,247,231.37. The trade was a 86.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Thomas Ryder Booth sold 1,122 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $182.37, for a total transaction of $204,619.14. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 534,898 shares of company stock worth $89,543,711. Insiders own 0.20% of the company’s stock.

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.