Chevron Corporation $CVX Shares Purchased by Signaturefd LLC

Signaturefd LLC increased its position in shares of Chevron Corporation (NYSE:CVX) by 7.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,624 shares of the oil and gas company’s stock after purchasing an additional 2,245 shares during the period. Signaturefd LLC’s holdings in Chevron were worth $6,866,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CVX. Midwest Capital Advisors LLC purchased a new stake in shares of Chevron during the 1st quarter valued at approximately $25,000. Main Street Group LTD purchased a new position in Chevron in the first quarter worth approximately $28,000. Kilter Group LLC purchased a new position in Chevron in the second quarter worth approximately $28,000. Principia Wealth Advisory LLC grew its position in Chevron by 49.6% in the second 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 during the period. Finally, Strategic Wealth Advisors LLC acquired a new stake in Chevron during the second quarter worth $33,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Chevron Stock Down 0.6%

Chevron stock opened at $231.75 on Tuesday. Chevron Corporation has a fifty-two week low of $146.49 and a fifty-two week high of $234.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.25. The firm has a 50 day moving average price of $210.44 and a 200 day moving average price of $191.27. The company has a market capitalization of $457.88 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 0.55 and a beta of 0.53.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, topping analysts’ consensus estimates of $5.55 by $0.51. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The company had revenue of $67.20 billion for the quarter, compared to analysts’ expectations of $62.72 billion. During the same period in the prior year, the firm earned $1.77 earnings per share. The firm’s revenue was up 57.4% compared to the same quarter last year. Research analysts expect that Chevron Corporation will post 18.20 earnings per share for the current year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were issued a $1.78 dividend. This represents a $7.12 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Wednesday, August 19th. Chevron’s payout ratio is currently 68.26%.

Insider Transactions at Chevron

In other Chevron news, Director John B. Hess sold 710,665 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $194.10, for a total transaction of $137,940,076.50. Following the sale, the director directly owned 363,711 shares in the company, valued at $70,596,305.10. This represents a 66.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider R. Pate sold 40,700 shares of Chevron stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $226.65, for a total transaction of $9,224,655.00. Following the completion of the transaction, the insider owned 8,791 shares of the company’s stock, valued at $1,992,480.15. This trade represents a 82.24% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 1,195,682 shares of company stock valued at $235,619,780. Insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on CVX shares. TD Cowen lifted their target price on Chevron from $215.00 to $225.00 and gave the company a “hold” rating in a research report on Monday, October 12th. Jefferies Financial Group increased their price target on Chevron from $216.00 to $233.00 and gave the stock a “buy” rating in a report on Monday, August 17th. Mizuho set a $234.00 price target on Chevron in a report on Monday, October 12th. Sanford C. Bernstein raised their price objective on Chevron from $204.00 to $209.00 and gave the stock a “market perform” rating in a research report on Monday, August 3rd. Finally, Dbs Bank upgraded shares of Chevron to a “moderate buy” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Chevron presently has an average rating of “Moderate Buy” and a consensus price target of $213.96.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron proposed investing $13.8 billion through 2035 to expand its Vaca Muerta shale operations in Argentina, with a goal of tripling oil production from its assets in the region. The plan could provide a significant long-term production and reserve-growth opportunity. Chevron Vaca Muerta expansion
• Positive Sentiment: Analysts and financial publications continue to highlight CVX’s earnings growth, price strength and momentum characteristics, supporting the view that Chevron remains attractive to momentum and income-oriented investors. Chevron earnings growth and price strength
• Positive Sentiment: Erste Group Bank reportedly increased its earnings forecast for Chevron, while unusually high call-option activity suggests some traders are positioning for further upside. Erste Group earnings forecast
• Neutral Sentiment: Chevron’s Nargis-2 well in Egypt confirmed additional gas-bearing zones, expanding offshore exploration potential, although commercial viability and production timing remain uncertain. Chevron Nargis-2 results
• Negative Sentiment: Chevron is scheduled to report third-quarter results on October 30. Analysts expect roughly a 150% year-over-year EPS increase, but the stock’s substantial year-to-date advance raises concern that strong results may already be reflected in the valuation. Chevron third-quarter earnings outlook

Chevron Company 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.