Chevron Corporation $CVX Shares Sold by Generali Investments Management Co LLC

Generali Investments Management Co LLC reduced its position in shares of Chevron Corporation (NYSE:CVX) by 15.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,744 shares of the oil and gas company’s stock after selling 5,734 shares during the period. Chevron accounts for about 1.1% of Generali Investments Management Co LLC’s portfolio, making the stock its 14th largest holding. Generali Investments Management Co LLC’s holdings in Chevron were worth $5,096,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CVX. Indivisible Partners purchased a new position in Chevron during the fourth quarter worth about $1,923,000. Janney Montgomery Scott LLC raised its position in shares of Chevron by 6.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,251,102 shares of the oil and gas company’s stock valued at $258,853,000 after buying an additional 79,439 shares during the period. Galaxy Digital Inc. acquired a new position in Chevron in the first quarter valued at approximately $2,028,000. Nations Financial Group Inc. IA ADV grew its position in Chevron by 35.0% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 42,882 shares of the oil and gas company’s stock worth $6,536,000 after acquiring an additional 11,120 shares during the period. Finally, Osprey Private Wealth LLC grew its position in Chevron by 556.4% in the fourth quarter. Osprey Private Wealth LLC now owns 9,190 shares of the oil and gas company’s stock worth $1,401,000 after acquiring an additional 7,790 shares during the period. 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: Renewed uncertainty around shipping through the Strait of Hormuz has pushed Brent crude back toward $89 per barrel. Higher oil prices typically benefit Chevron’s upstream business by increasing realized prices and operating cash flow. Chevron Stock Jumps 3.3% as Hormuz Doubts Lift Oil
• Positive Sentiment: Chevron’s second-quarter performance exceeded expectations, with earnings of $6.06 per share versus a $5.55 consensus estimate and revenue of $67.2 billion versus $62.72 billion expected. Record production, strong cash generation and operational execution are reinforcing investor confidence. CVX’s Q2 Earnings Beat
• Positive Sentiment: Hess acquisition synergies are reportedly ahead of schedule, supporting production growth through 2030, additional free cash flow and greater per-share accretion. Management has also reached its $3 billion annualized structural cost-reduction target six months early. Can Chevron’s Hess Synergies Extend Growth and Lift Cash Flow Further?
• Neutral Sentiment: Geopolitical tensions and possible changes to the Jones Act are keeping fuel-market conditions and crude prices volatile. This may support upstream profits but could also increase political pressure over gasoline prices. Why Trump’s Waiver of the Jones Act Is Unlikely To Lower Gas Prices
• Negative Sentiment: Analysts caution that commodity-price reversals, planned maintenance and execution risks could limit the rally despite Chevron’s strong results. Recent insider selling also presents a modest sentiment headwind. Chevron Stock Price Down After Insider Selling

Chevron Trading Up 4.3%

Shares of CVX stock opened at $194.57 on Tuesday. 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 stock has a market capitalization of $384.43 billion, a P/E ratio of 18.65, a price-to-earnings-growth ratio of 0.57 and a beta of 0.49. The company has a 50 day moving average price of $182.55 and a 200 day moving average price of $186.14. Chevron Corporation has a fifty-two week low of $146.49 and a fifty-two week high of $214.71.

Chevron (NYSE:CVX) last announced its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, topping the consensus estimate of $5.55 by $0.51. The firm had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The firm’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.77 EPS. Equities research analysts predict that Chevron Corporation will post 15.86 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be given a dividend of $1.78 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.7%. Chevron’s dividend payout ratio is currently 68.26%.

Wall Street Analysts Forecast Growth

CVX has been the topic of several recent analyst reports. BNP Paribas Exane raised Chevron from a “neutral” rating to an “outperform” rating and set a $174.00 price target on the stock in a research note on Friday, April 17th. UBS Group reaffirmed a “buy” rating on shares of Chevron in a research report on Tuesday, June 23rd. Bank of America increased their target price on shares of Chevron from $210.00 to $227.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Royal Bank Of Canada reiterated an “outperform” rating and set a $220.00 price target on shares of Chevron in a research report on Tuesday, May 5th. Finally, Barclays boosted their price target on shares of Chevron from $213.00 to $216.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Eighteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $207.48.

Insiders Place Their Bets

In related news, Director John B. Hess sold 100,000 shares of Chevron stock in a transaction on Monday, August 3rd. The stock was 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 directly owned 178,045 shares in the company, valued at approximately $34,587,021.70. This trade represents a 35.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael K. Wirth sold 5,547 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $187.00, for a total value of $1,037,289.00. Following the transaction, the chief executive officer directly owned 26,308 shares of the company’s stock, valued at $4,919,596. The trade was a 17.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,196,212 shares of company stock worth $231,819,366 in the last ninety days. Corporate insiders own 0.56% of the company’s stock.

Chevron 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.