HB Wealth Management LLC Has $31.31 Million Holdings in Chevron Corporation $CVX

HB Wealth Management LLC lifted its stake in Chevron Corporation (NYSE:CVX) by 23.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 201,595 shares of the oil and gas company’s stock after acquiring an additional 38,833 shares during the period. HB Wealth Management LLC’s holdings in Chevron were worth $31,306,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Perigon Wealth Management LLC raised its holdings in Chevron by 19.3% in the third quarter. Perigon Wealth Management LLC now owns 73,448 shares of the oil and gas company’s stock worth $11,406,000 after purchasing an additional 11,875 shares during the period. Solitude Financial Services grew its holdings in shares of Chevron by 8.2% in the 2nd quarter. Solitude Financial Services now owns 25,325 shares of the oil and gas company’s stock valued at $3,626,000 after buying an additional 1,913 shares during the period. Pictet North America Advisors SA bought a new stake in shares of Chevron in the 3rd quarter valued at $5,662,000. Shell Asset Management Co. raised its stake in Chevron by 21.4% during the 2nd quarter. Shell Asset Management Co. now owns 51,115 shares of the oil and gas company’s stock worth $7,319,000 after buying an additional 9,002 shares during the period. Finally, Mutual Advisors LLC lifted its holdings in Chevron by 7.3% during the second quarter. Mutual Advisors LLC now owns 88,759 shares of the oil and gas company’s stock worth $13,743,000 after acquiring an additional 6,058 shares in the last quarter. 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 is in talks with the U.S. government to expand its Venezuela license, which would allow higher exports to Chevron’s refineries and third-party sales — a direct path to increased volumes and earnings if approved. Exclusive: Chevron in talks with US government for expanded Venezuela license, sources say
• Positive Sentiment: Shipping data indicate Chevron is loading Venezuelan crude at the fastest pace in months and has contracted multiple tankers — evidence it can scale flows quickly if the license expands. Chevron Is Loading Venezuela Oil Onto Tankers at the Fastest Pace in Months
• Positive Sentiment: Chevron will meet with President Trump alongside other majors to discuss rebuilding Venezuela’s oil sector — a sign of potential political support that could unlock investment opportunities. Trump to Meet With Chevron and Other Oil Companies on Venezuela. What We Know.
• Positive Sentiment: Reports say Chevron and Quantum Energy Partners are lining up a bid for $22B of Lukoil’s international assets — a potential reserve/production lift and strategic international expansion. Chevron, Quantum Energy Partners line up bid for Lukoil assets
• Neutral Sentiment: Chevron is competing with traders and refiners for Venezuelan export deals — shows demand but also that margins and allocation could be contested. Chevron competes with rivals for Venezuelan oil sales, sources say
• Neutral Sentiment: U.S. Treasury commentary and FT reporting suggest the biggest oil firms may move cautiously and seek guarantees before big Venezuela investments — a timing/conditionality factor for upside. Bessent says largest oil companies are likely to move slower in Venezuela
• Neutral Sentiment: Increased retail/investor interest in energy is supporting momentum into names like Chevron, adding liquidity and short-term buying pressure. Retail traders move toward energy as momentum continues (CNBC)
• Negative Sentiment: Large insider sales disclosed (including CEO and CFO filings and other senior sales) may be interpreted as a negative signal or create near‑term selling pressure. SEC Form 4 filings — insider sales
• Negative Sentiment: An analyst trimmed CVX’s price target, reflecting some recalibration of upside after the run-up. Analyst trims Chevron price target to $179
• Negative Sentiment: Heightened political and reputational risk — public criticism from lawmakers and scrutiny over U.S. plans for Venezuela — raises regulatory and execution uncertainty. Elizabeth Warren comments on Venezuela plan

Wall Street Analyst Weigh In

A number of research firms have recently commented on CVX. Sanford C. Bernstein raised their price target on Chevron from $170.00 to $172.00 and gave the stock a “market perform” rating in a research report on Monday. Raymond James Financial reissued an “outperform” rating and set a $160.00 target price (down from $170.00) on shares of Chevron in a research note on Friday, October 17th. Scotiabank lifted their price target on shares of Chevron from $160.00 to $165.00 and gave the company a “sector perform” rating in a research note on Thursday, October 9th. Barclays reduced their price target on shares of Chevron from $160.00 to $158.00 and set an “equal weight” rating for the company in a report on Tuesday, October 7th. Finally, Freedom Capital lowered shares of Chevron from a “hold” rating to a “strong sell” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $167.14.

Chevron Trading Up 2.6%

Shares of NYSE:CVX opened at $159.27 on Friday. The company’s 50-day moving average price is $152.22 and its two-hundred day moving average price is $153.31. Chevron Corporation has a one year low of $132.04 and a one year high of $168.96. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86. The stock has a market capitalization of $320.70 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 9.72 and a beta of 0.70.

Chevron (NYSE:CVX) last released its earnings results on Friday, October 31st. The oil and gas company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.14. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The business 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 business earned $2.48 earnings per share. Chevron’s quarterly revenue was down 1.9% on a year-over-year basis. On average, equities analysts forecast that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th were paid a $1.71 dividend. The ex-dividend date was Tuesday, November 18th. This represents a $6.84 dividend on an annualized basis and a yield of 4.3%. Chevron’s dividend payout ratio is 96.20%.

Insider Transactions at Chevron

In related news, CFO Eimear P. Bonner sold 28,334 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 4,366 shares in the company, valued at approximately $720,608.30. This represents a 86.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael K. Wirth sold 320,700 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $162.99, for a total transaction of $52,270,893.00. Following the transaction, the chief executive officer owned 14,450 shares in the company, valued at approximately $2,355,205.50. The trade was a 95.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 631,990 shares of company stock worth $99,716,808 over the last three months. Company insiders own 0.21% of the company’s stock.

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.