Chevron Corporation $CVX Stock Sold by MRA Advisory Group

MRA Advisory Group reduced its holdings in Chevron Corporation (NYSE:CVX) by 72.7% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,650 shares of the oil and gas company’s stock after selling 7,056 shares during the quarter. MRA Advisory Group’s holdings in Chevron were worth $541,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Midwest Capital Advisors LLC bought a new position in shares of Chevron in the first quarter worth approximately $25,000. Main Street Group LTD bought a new stake in Chevron during the first quarter valued at approximately $28,000. Phillip James Consulting Co. bought a new stake in Chevron during the fourth quarter valued at approximately $26,000. Kilter Group LLC purchased a new position in Chevron in the 2nd quarter worth approximately $28,000. Finally, Basso Capital Management L.P. purchased a new position in Chevron in the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron will transfer its Hess Midstream ownership interests and DJ Basin midstream assets in exchange for revised Bakken agreements expected to reduce its unit midstream costs by approximately 50%. The transaction is intended to improve earnings and return on capital employed, although Chevron expects a $3 billion–$4 billion closing loss. Chevron to divest ownership interests in Hess Midstream and DJ Basin assets
• Positive Sentiment: CEO Mike Wirth said global oil and fuel supply buffers are tightening amid the continuing Middle East conflict. Sustained geopolitical risk and higher oil prices could support Chevron’s upstream earnings. Oil and fuel supply buffers are thinning
• Positive Sentiment: Zacks Research upgraded Chevron to “Strong Buy,” adding to recent favorable momentum-stock commentary. Chevron is also increasing its position in Namibia’s PEL 90 ahead of the Nabba-1X exploration well, signaling confidence in potential long-term resource growth. Chevron upgraded to Strong Buy
• Neutral Sentiment: Chevron evacuated non-essential personnel from Gulf of Mexico platforms as a possible tropical storm approached. The move is precautionary, but severe weather could temporarily disrupt offshore operations. Chevron evacuates some Gulf of Mexico workers
• Negative Sentiment: The Hess Midstream deal may pressure near-term sentiment because Chevron will pay a substantial closing loss and accept lower Bakken tariffs. Chevron’s expected reduction from three drilling rigs to two could also reduce 2027 Bakken throughput, limiting the immediate benefit of the cost savings. Chevron swaps Hess Midstream stake for lower Bakken costs
• Negative Sentiment: Wirth warned that a U.S. diesel-export ban would be “unwise,” arguing it could remove supply from global markets, worsen shortages and create price and policy uncertainty for Chevron’s refining and trading operations. Chevron CEO warns against diesel export ban

Insider Buying and Selling

In related news, CEO Michael K. Wirth sold 317,100 shares of the firm’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 transaction, the chief executive officer directly owned 26,308 shares in the company, valued at $5,273,701.68. This trade represents a 92.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andrew Walz sold 16,800 shares of Chevron stock in a transaction that occurred on Monday, August 17th. The stock was 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 directly owned 14 shares in the company, valued at $2,814.84. This trade represents a 99.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,152,582 shares of company stock worth $225,853,661 in the last ninety days. Corporate insiders own 0.56% of the company’s stock.

Chevron Trading Down 1.2%

Shares of CVX traded down $2.43 during mid-day trading on Wednesday, reaching $205.15. The company’s stock had a trading volume of 2,806,224 shares, compared to its average volume of 10,501,605. Chevron Corporation has a 52 week low of $146.49 and a 52 week high of $217.78. The stock has a market cap of $405.32 billion, a PE ratio of 19.68, a P/E/G ratio of 0.57 and a beta of 0.53. The company’s fifty day moving average price is $203.56 and its two-hundred day moving average price is $192.84. The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 0.19.

Chevron (NYSE:CVX) last released its earnings results on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, beating the consensus estimate of $5.55 by $0.51. The company had revenue of $67.20 billion for the quarter, compared to analyst estimates of $62.72 billion. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The firm’s quarterly revenue was up 57.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.77 EPS. On average, analysts predict that Chevron Corporation will post 17.47 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were paid a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Wednesday, August 19th. Chevron’s dividend payout ratio (DPR) is 68.26%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CVX. JPMorgan Chase & Co. raised their price objective on shares of Chevron from $190.00 to $222.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Wolfe Research upgraded shares of Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 target price for the company in a research report on Thursday, July 2nd. Raymond James Financial reduced their target price on Chevron from $230.00 to $225.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 21st. Bank of America raised their price target on Chevron from $210.00 to $227.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Finally, HSBC set a $90.00 price target on Chevron in a research note on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Chevron presently has a consensus rating of “Moderate Buy” and an average target price of $210.87.

Chevron Profile

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.