211,661 Shares in Chevron Corporation $CVX Acquired by Nykredit A S

Nykredit A S bought a new position in shares of Chevron Corporation (NYSE:CVX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 211,661 shares of the oil and gas company’s stock, valued at approximately $35,085,000.

Other large investors have also added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. AG boosted its stake in shares of Chevron by 3.2% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 62,313 shares of the oil and gas company’s stock worth $10,329,000 after acquiring an additional 1,908 shares during the period. MBA Advisors LLC boosted its stake in Chevron by 5.9% in the 2nd quarter. MBA Advisors LLC now owns 5,893 shares of the oil and gas company’s stock worth $977,000 after purchasing an additional 330 shares during the period. PYA Waltman Capital LLC grew its holdings in Chevron by 32.8% during the 2nd quarter. PYA Waltman Capital LLC now owns 23,470 shares of the oil and gas company’s stock valued at $3,890,000 after buying an additional 5,801 shares in the last quarter. Tsfg LLC grew its holdings in Chevron by 1.8% during the 2nd quarter. Tsfg LLC now owns 4,462 shares of the oil and gas company’s stock valued at $740,000 after buying an additional 81 shares in the last quarter. Finally, Secure Asset Management LLC raised its position in shares of Chevron by 3.1% during the second quarter. Secure Asset Management LLC now owns 16,290 shares of the oil and gas company’s stock valued at $2,700,000 after buying an additional 494 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Wall Street Analyst Weigh In

CVX has been the topic of several research analyst reports. TD Cowen boosted their target price on shares of Chevron from $200.00 to $205.00 and gave the stock a “hold” rating in a report on Wednesday, August 5th. Wall Street Zen raised shares of Chevron from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Bank of America lifted their price target on shares of Chevron from $210.00 to $227.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Piper Sandler boosted their price target on shares of Chevron from $207.00 to $243.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Zacks Research downgraded shares of Chevron from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Twenty research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $211.35.

Insider Buying and Selling at Chevron

In related news, Director John B. Hess sold 100,000 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $194.26, for a total value of $19,426,000.00. Following the completion of the transaction, the director owned 178,045 shares of the company’s stock, valued at approximately $34,587,021.70. This trade represents a 35.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael K. Wirth sold 317,100 shares of Chevron stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $200.46, for a total value of $63,565,866.00. Following the completion of the transaction, the chief executive officer owned 26,308 shares of the company’s stock, valued at approximately $5,273,701.68. This represents a 92.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,152,582 shares of company stock valued at $225,853,661. Corporate insiders own 0.56% of the company’s stock.

Key Headlines Impacting Chevron

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 Stock Down 0.2%

Shares of CVX opened at $211.45 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98. The stock has a market capitalization of $417.78 billion, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 0.63 and a beta of 0.50. Chevron Corporation has a 1 year low of $146.49 and a 1 year high of $214.71. The business’s 50 day simple moving average is $190.35 and its 200-day simple moving average is $189.64.

Chevron (NYSE:CVX) last posted its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, beating analysts’ consensus estimates of $5.55 by $0.51. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The firm had revenue of $67.20 billion during the quarter, compared to analyst estimates of $62.72 billion. During the same period last year, the firm posted $1.77 earnings per share. Chevron’s revenue for the quarter was up 57.4% compared to the same quarter last year. As a group, equities analysts expect that Chevron Corporation will post 16.24 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be paid a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Wednesday, August 19th. Chevron’s dividend payout ratio (DPR) is presently 68.26%.

Chevron Company 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.