50,968 Shares of Chevron Corporation $CVX Purchased by Montaka Global Pty Ltd

Montaka Global Pty Ltd purchased a new position in Chevron Corporation (NYSE:CVX) in the third quarter, HoldingsChannel.com reports. The firm purchased 50,968 shares of the oil and gas company’s stock, valued at approximately $10,408,000. Chevron makes up approximately 4.2% of Montaka Global Pty Ltd’s holdings, making the stock its 8th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of CVX. Main Street Group LTD purchased a new position in shares of Chevron during the 1st quarter valued at about $28,000. Kilter Group LLC purchased a new stake in Chevron in the 2nd quarter worth approximately $28,000. Principia Wealth Advisory LLC increased its holdings in Chevron by 49.6% in the 2nd quarter. Principia Wealth Advisory LLC now owns 181 shares of the oil and gas company’s stock worth $30,000 after acquiring an additional 60 shares in the last quarter. Legacy Wealth Managment LLC ID increased its holdings in Chevron by 81.8% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 220 shares of the oil and gas company’s stock worth $46,000 after acquiring an additional 99 shares in the last quarter. Finally, Strategic Wealth Advisors LLC bought a new stake in Chevron during the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Chevron Trading Up 0.2%

CVX stock opened at $211.15 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.34 and a quick ratio of 1.07. Chevron Corporation has a 1-year low of $146.49 and a 1-year high of $236.48. The business has a 50 day simple moving average of $215.19 and a two-hundred day simple moving average of $194.85. The company has a market capitalization of $414.99 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 0.49 and a beta of 0.47.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, October 30th. The oil and gas company reported $5.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.87 by $0.41. Chevron had a net margin of 11.56% and a return on equity of 14.49%. The firm had revenue of $65.24 billion for the quarter, compared to analysts’ expectations of $61.82 billion. During the same quarter last year, the business posted $1.85 earnings per share. The company’s revenue for the quarter was up 36.3% compared to the same quarter last year. Research analysts anticipate that Chevron Corporation will post 18.56 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 18th 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 of this dividend is Wednesday, November 18th. Chevron’s dividend payout ratio (DPR) is presently 52.08%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Chevron from $230.00 to $268.00 and gave the company an “overweight” rating in a report on Monday, November 2nd. UBS Group upped their price target on shares of Chevron from $235.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, November 2nd. Dbs Bank raised shares of Chevron to a “moderate buy” rating in a research note on Thursday, August 6th. Bank of America raised their price objective on shares of Chevron from $210.00 to $227.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Finally, William Blair began coverage on shares of Chevron in a research report on Wednesday, October 28th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Chevron presently has an average rating of “Moderate Buy” and a consensus price target of $221.88.

Insider Activity at Chevron

In other Chevron news, insider Andrew Walz sold 16,800 shares of Chevron 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 sale, the insider directly owned 14 shares in the company, valued at approximately $2,814.84. The trade was a 99.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Wirth sold 317,100 shares of Chevron stock in a transaction on Friday, August 14th. The shares were sold at an average price of $200.46, for a total transaction of $63,565,866.00. Following the completion of the sale, the chief executive officer owned 26,308 shares in the company, valued at approximately $5,273,701.68. This represents a 92.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 379,470 shares of company stock valued at $77,216,415. Corporate insiders own 0.56% of the company’s stock.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is selling QatarEnergy a 25% stake in its PEL82 offshore exploration license in Namibia. The deal shares exploration costs while Chevron retains control and exposure to potential discoveries. Chevron Expands Namibia Ties With QatarEnergy Offshore Stake Deal
• Positive Sentiment: Chevron is pursuing a $13.8 billion expansion in Argentina’s Vaca Muerta shale formation, aiming to triple its output there by 2035. Applying Permian expertise could support growth, though the plan faces high costs and pipeline constraints. Can Chevron’s $13.8B Vaca Muerta Bet Fuel Long-Term Growth?
• Neutral Sentiment: Chevron plans to double production in Venezuela, offering potential volume growth but exposing the company to political and investment risks. The article notes ExxonMobil’s reluctance to return after past asset seizures and flags uncertainty around long-term oil demand. Chevron Is Doubling Venezuela Production. ExxonMobil Says It’s Not in a Rush.
• Negative Sentiment: Oil prices fell to their lowest since August after President Trump said the Iran war was effectively over. Lower crude prices can weigh on Chevron’s earnings outlook; however, the report says there was no signed deal and Iran denied talks, leaving the situation uncertain. Oil Prices Just Fell to Their Lowest Since August

About Chevron

Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives. The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.