Federated Hermes Inc. Has $500.75 Million Stake in Chevron Corporation $CVX

Federated Hermes Inc. grew its stake in Chevron Corporation (NYSE:CVX) by 6.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,224,609 shares of the oil and gas company’s stock after buying an additional 186,895 shares during the period. Chevron makes up approximately 0.9% of Federated Hermes Inc.’s holdings, making the stock its 15th biggest position. Federated Hermes Inc. owned about 0.19% of Chevron worth $500,750,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Patton Fund Management Inc. bought a new stake in Chevron during the 2nd quarter valued at approximately $227,000. Sound Income Strategies LLC lifted its holdings in shares of Chevron by 16.2% during the second quarter. Sound Income Strategies LLC now owns 6,378 shares of the oil and gas company’s stock worth $913,000 after buying an additional 888 shares during the last quarter. Claris Advisors LLC MO boosted its position in shares of Chevron by 9.2% in the second quarter. Claris Advisors LLC MO now owns 2,467 shares of the oil and gas company’s stock valued at $353,000 after acquiring an additional 208 shares during the period. Kavar Capital Partners Group LLC boosted its position in shares of Chevron by 3.5% in the second quarter. Kavar Capital Partners Group LLC now owns 23,294 shares of the oil and gas company’s stock valued at $3,335,000 after acquiring an additional 784 shares during the period. Finally, LexAurum Advisors LLC grew its stake in shares of Chevron by 17.3% in the second quarter. LexAurum Advisors LLC now owns 12,710 shares of the oil and gas company’s stock worth $1,820,000 after acquiring an additional 1,872 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Board strengthening — Chevron added Thomas W. Horton, a former American Airlines CEO and partner at Global Infrastructure Partners, to its board and Audit Committee, boosting financial and governance expertise that can support investor confidence. Thomas W. Horton joins Chevron’s Board of Directors
• Positive Sentiment: Exploration upside — Chevron-led JV reported a “significant” offshore oil discovery in Nigeria, which could add near- to medium-term production optionality and reserve value if developed. Chevron-led JV makes ‘significant’ oil discovery offshore Nigeria
• Positive Sentiment: Libya re-entry — Chevron signed an MoU with Libya’s National Oil Corporation to explore oil and gas opportunities, reopening access to a market it has largely avoided for over a decade. That expands upstream growth avenues. Chevron Signs MoU With Libya’s NOC to Boost Oil and Gas Exploration
• Neutral Sentiment: Near-term focus on earnings — Analysts and outlets are positioning around Chevron’s Q4 results due Jan. 30; commentary highlights steady cash generation but suggests limited near-term upside absent stronger commodity moves. That frames investor expectations. Here’s How to Play Chevron Stock Before Q4 Earnings Release
• Neutral Sentiment: Positive media mention — Jim Cramer reiterated favor for Chevron as a consistent cash generator, a sentiment that can support retail interest but is not a material driver on its own. Jim Cramer on Chevron: “It’s been my favorite for a very long time because it’s so darn consistent”
• Negative Sentiment: Deal risk on West Qurna-2 — Reuters reports Chevron is seeking improved commercial terms from Iraq before taking over Lukoil’s stake in the West Qurna-2 field. That negotiation could delay the asset transfer or reduce near-term upside if terms aren’t improved. Exclusive: Chevron seeks better terms from Iraq before taking over Lukoil oilfield, sources say
• Negative Sentiment: Regulatory exposure — Chevron has ramped Venezuelan oil shipments while U.S. oversight tightens; that increases near-term compliance and political risk which could complicate volumes or timing. Chevron ramps up Venezuelan oil shipments as US tightens control

Insider Activity

In other Chevron news, Director John B. Hess sold 275,000 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $150.75, for a total value of $41,456,250.00. Following the transaction, the director directly owned 1,128,045 shares in the company, valued at $170,052,783.75. The trade was a 19.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alana K. Knowles sold 3,200 shares of the company’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $168.00, for a total transaction of $537,600.00. Following the sale, the insider directly owned 1,207 shares in the company, valued at $202,776. This represents a 72.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 635,190 shares of company stock worth $100,254,408 over the last 90 days. 0.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CVX shares. Citigroup cut their target price on shares of Chevron from $185.00 to $179.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Jefferies Financial Group upped their price objective on shares of Chevron from $174.00 to $189.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Wells Fargo & Company increased their target price on shares of Chevron from $190.00 to $196.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. HSBC set a $169.00 price target on Chevron and gave the company a “buy” rating in a research note on Monday, December 1st. Finally, Sanford C. Bernstein raised their price objective on Chevron from $170.00 to $172.00 and gave the stock a “market perform” rating in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Chevron currently has a consensus rating of “Hold” and an average price target of $170.00.

Chevron Stock Up 0.9%

Shares of CVX opened at $169.03 on Wednesday. The stock has a market cap of $340.35 billion, a price-to-earnings ratio of 23.77, a P/E/G ratio of 11.83 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 12 month low of $132.04 and a 12 month high of $169.37. The company has a 50-day moving average price of $155.08 and a two-hundred day moving average price of $155.03.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.14. The company had revenue of $48.17 billion for the quarter, compared to analyst estimates of $46.99 billion. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The company’s revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.48 EPS. Equities analysts predict that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th were issued 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 dividend yield of 4.0%. Chevron’s dividend payout ratio (DPR) is presently 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.