one8zero8 LLC Increases Stake in Chevron Corporation $CVX

one8zero8 LLC lifted its position in Chevron Corporation (NYSE:CVX) by 59.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,919 shares of the oil and gas company’s stock after acquiring an additional 5,923 shares during the quarter. one8zero8 LLC’s holdings in Chevron were worth $2,472,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Quaker Wealth Management LLC lifted its position in shares of Chevron by 197.7% in the 2nd quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 439 shares during the period. Decker Retirement Planning Inc. bought a new position in Chevron in the third quarter worth approximately $34,000. Vermillion & White Wealth Management Group LLC lifted its holdings in Chevron by 86.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock worth $37,000 after buying an additional 118 shares during the period. IMG Wealth Management Inc. boosted its position in Chevron by 52.3% during the 2nd quarter. IMG Wealth Management Inc. now owns 265 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 91 shares in the last quarter. Finally, Marquette Asset Management LLC purchased a new position in shares of Chevron in the 3rd quarter valued at $41,000. 72.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. 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. UBS Group reissued a “buy” rating on shares of Chevron in a research report on Monday, December 1st. Mizuho raised their price target on shares of Chevron from $204.00 to $206.00 and gave the company an “outperform” rating in a report on Friday, December 12th. JPMorgan Chase & Co. upgraded shares of Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price objective for the company in a research note on Tuesday, January 20th. Finally, Wall Street Zen cut shares of Chevron from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $170.00.

Insider Transactions at Chevron

In other news, CEO Michael K. Wirth sold 320,700 shares of the stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $162.99, for a total value of $52,270,893.00. Following the transaction, 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 accessible through the SEC website. Also, CFO Eimear P. Bonner sold 28,334 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $165.05, for a total value of $4,676,526.70. Following the completion of the sale, the chief financial officer owned 4,366 shares in the company, valued at approximately $720,608.30. This represents a 86.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 635,190 shares of company stock worth $100,254,408 in the last 90 days. 0.20% of the stock is owned by company insiders.

Key Stories Impacting Chevron

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?

Chevron Stock Performance

Shares of Chevron stock opened at $170.02 on Thursday. The company has a 50 day moving average price of $155.45 and a 200 day moving average price of $155.13. The firm has a market capitalization of $342.35 billion, a P/E ratio of 23.91, a PEG ratio of 11.66 and a beta of 0.70. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.19. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $170.42.

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

Chevron Announces Dividend

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

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.