Chevron Corporation $CVX Stock Position Raised by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC lifted its holdings in Chevron Corporation (NYSE:CVX) by 25.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,043 shares of the oil and gas company’s stock after buying an additional 21,152 shares during the period. Chevron makes up 1.0% of Knights of Columbus Asset Advisors LLC’s holdings, making the stock its 16th biggest position. Knights of Columbus Asset Advisors LLC’s holdings in Chevron were worth $21,247,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CVX. MFF Capital Investments Ltd acquired a new stake in shares of Chevron in the 3rd quarter worth $7,147,000. Montaka Global Pty Ltd purchased a new position in shares of Chevron during the 3rd quarter worth $10,408,000. Narwhal Capital Management raised its holdings in shares of Chevron by 2.8% during the 3rd quarter. Narwhal Capital Management now owns 35,505 shares of the oil and gas company’s stock worth $7,250,000 after acquiring an additional 968 shares during the period. Csenge Advisory Group boosted its position in shares of Chevron by 0.6% during the 3rd quarter. Csenge Advisory Group now owns 37,140 shares of the oil and gas company’s stock valued at $7,584,000 after acquiring an additional 207 shares during the last quarter. Finally, New York Life Investment Management LLC boosted its position in shares of Chevron by 5.3% during the 3rd quarter. New York Life Investment Management LLC now owns 274,543 shares of the oil and gas company’s stock valued at $56,064,000 after acquiring an additional 13,785 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is selling QatarEnergy a 25% stake in its PEL82 offshore exploration license in Namibia. The deal shares exploration costs while Chevron retains control and exposure to potential discoveries. Chevron Expands Namibia Ties With QatarEnergy Offshore Stake Deal
• Positive Sentiment: Chevron is pursuing a $13.8 billion expansion in Argentina’s Vaca Muerta shale formation, aiming to triple its output there by 2035. Applying Permian expertise could support growth, though the plan faces high costs and pipeline constraints. Can Chevron’s $13.8B Vaca Muerta Bet Fuel Long-Term Growth?
• Neutral Sentiment: Chevron plans to double production in Venezuela, offering potential volume growth but exposing the company to political and investment risks. The article notes ExxonMobil’s reluctance to return after past asset seizures and flags uncertainty around long-term oil demand. Chevron Is Doubling Venezuela Production. ExxonMobil Says It’s Not in a Rush.
• Negative Sentiment: Oil prices fell to their lowest since August after President Trump said the Iran war was effectively over. Lower crude prices can weigh on Chevron’s earnings outlook; however, the report says there was no signed deal and Iran denied talks, leaving the situation uncertain. Oil Prices Just Fell to Their Lowest Since August

Chevron Price Performance

CVX stock opened at $211.15 on Wednesday. Chevron Corporation has a 52-week low of $146.49 and a 52-week high of $236.48. The company has a quick ratio of 1.07, a current ratio of 1.34 and a debt-to-equity ratio of 0.16. The stock has a market cap of $414.99 billion, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 0.49 and a beta of 0.47. The business has a fifty day moving average of $215.19 and a two-hundred day moving average of $194.85.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, October 30th. The oil and gas company reported $5.28 EPS for the quarter, beating the consensus estimate of $4.87 by $0.41. Chevron had a return on equity of 14.49% and a net margin of 11.56%. The business had revenue of $65.24 billion for the quarter, compared to analyst estimates of $61.82 billion. During the same quarter in the prior year, the company posted $1.85 EPS. The company’s quarterly revenue was up 36.3% on a year-over-year basis. As a group, research analysts anticipate that Chevron Corporation will post 18.56 earnings per share for the current year.

Chevron Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 18th will be given a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Wednesday, November 18th. Chevron’s dividend payout ratio (DPR) is presently 52.08%.

Insider Buying and Selling

In other Chevron news, insider Andrew Walz sold 16,800 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $201.06, for a total value of $3,377,808.00. Following the transaction, the insider owned 14 shares of the company’s stock, valued at $2,814.84. This represents a 99.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael K. Wirth sold 317,100 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $5,273,701.68. This trade represents a 92.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 379,470 shares of company stock valued at $77,216,415. 0.56% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on CVX. Royal Bank Of Canada upped their price objective on shares of Chevron from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, September 24th. TD Cowen lifted their target price on shares of Chevron from $215.00 to $225.00 and gave the stock a “hold” rating in a research note on Monday, October 12th. Jefferies Financial Group lifted their target price on shares of Chevron from $216.00 to $233.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. Dbs Bank upgraded shares of Chevron to a “moderate buy” rating in a report on Thursday, August 6th. Finally, Sanford C. Bernstein increased their price target on shares of Chevron from $204.00 to $209.00 and gave the company a “market perform” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $221.88.

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.