Chevron Corporation $CVX Shares Purchased by Glass Wealth Management Co LLC

Glass Wealth Management Co LLC boosted its holdings in shares of Chevron Corporation (NYSE:CVX) by 15.5% in the third quarter, HoldingsChannel.com reports. The fund owned 25,967 shares of the oil and gas company’s stock after buying an additional 3,480 shares during the quarter. Chevron comprises about 1.8% of Glass Wealth Management Co LLC’s investment portfolio, making the stock its 20th biggest holding. Glass Wealth Management Co LLC’s holdings in Chevron were worth $4,032,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CVX. Quaker Wealth Management LLC lifted its stake in Chevron by 197.7% in the 2nd quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 439 shares in the last quarter. Vermillion & White Wealth Management Group LLC increased its position in Chevron by 86.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock worth $37,000 after buying an additional 118 shares in the last quarter. IMG Wealth Management Inc. raised its holdings in shares of Chevron by 52.3% in the second quarter. IMG Wealth Management Inc. now owns 265 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 91 shares during the last quarter. GFG Capital LLC purchased a new stake in shares of Chevron in the second quarter valued at $42,000. Finally, LFA Lugano Financial Advisors SA boosted its stake in shares of Chevron by 106.7% during the second quarter. LFA Lugano Financial Advisors SA now owns 310 shares of the oil and gas company’s stock valued at $44,000 after acquiring an additional 160 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Market optimism from comments that U.S. energy firms could return to Venezuela — a reopening would give Chevron access to very large reserves and long‑term production upside. US oil giants mum after Trump says they’ll spend billions in Venezuela
• Positive Sentiment: WSJ reports Chevron is actively charting new operational approaches in Venezuela to unlock reserves, reinforcing investor hopes of material future production growth if political access is secured. Chevron Charts a New Path in Venezuela to Unlock Vast Oil Reserves
• Positive Sentiment: Political developments and U.S. statements (including from Secretary Rubio) suggesting stronger U.S. leverage in Venezuela have boosted expectations that sanctions/diplomatic barriers could ease, improving Chevron’s optionality. Rubio explains how U.S. might ‘run’ Venezuela after Maduros’ ouster
• Positive Sentiment: Investor-focused writeups continue to highlight Chevron’s dividend, yield and integrated business model as reasons for buy-and-hold interest among income investors. 2 No-Brainer High-Yield Energy Stocks to Buy Right Now
• Neutral Sentiment: Broader market analyses flag Venezuela’s reserves as a reshuffling factor for energy winners/losers; outcomes depend on sanctions, contract terms and who gets first-mover advantage. Why Venezuela’s Vast Oil Reserves Could Reshape US Energy Winners And Losers — Three Stocks To Watch
• Neutral Sentiment: 67% institutional ownership underscores that large investors are already positioned in CVX, which can stabilize trading but also magnify reaction to major corporate or geopolitical news. With 67% ownership in Chevron Corporation (NYSE:CVX), institutional investors have a lot riding on the business
• Negative Sentiment: Analysts and deep-dive pieces warn of execution, legal and sanction risks in Venezuela — access to reserves is uncertain and costly, which could cap upside or create episodic volatility. Chevron: Tight Spot In Venezuela
• Negative Sentiment: Critical commentary argues Venezuelan opportunities may not justify a buy — valuation, execution risk and Chevron’s modest recent share performance temper enthusiasm. Chevron Stock Up 6%. Why Venezuelan Oil May Not Make $CVX A Buy
• Negative Sentiment: Legacy project risks persist elsewhere — reporting on Chevron’s Tengiz expansion in Kazakhstan highlights operational and capital uncertainty that could weigh on near-term results. How Kazakhstan Aims to Tap More Oil Riches Below Its Grassy Plains

Analyst Ratings Changes

Several research analysts recently weighed in on CVX shares. Hsbc Global Res raised shares of Chevron from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 1st. Scotiabank boosted their price objective on shares of Chevron from $160.00 to $165.00 and gave the company a “sector perform” rating in a research report on Thursday, October 9th. Piper Sandler decreased their target price on shares of Chevron from $171.00 to $169.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. Raymond James Financial reaffirmed an “outperform” rating and issued a $160.00 target price (down from $170.00) on shares of Chevron in a research note on Friday, October 17th. Finally, Wells Fargo & Company increased their price target on Chevron from $190.00 to $196.00 and gave the stock an “overweight” rating in a research note on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $166.00.

Insider Transactions at Chevron

In other Chevron news, Director John B. Hess sold 275,000 shares of the company’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $150.75, for a total transaction of $41,456,250.00. Following the completion of the sale, the director directly owned 1,128,045 shares in the company, valued at $170,052,783.75. This represents a 19.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.20% of the company’s stock.

Chevron Price Performance

Chevron stock opened at $155.81 on Monday. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $168.96. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15. The firm has a 50 day moving average price of $151.88 and a 200 day moving average price of $153.09. The company has a market cap of $313.73 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 9.76 and a beta of 0.70.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.14. Chevron had a net margin of 6.57% and a return on equity of 8.74%. The company had revenue of $48.17 billion for the quarter, compared to the consensus estimate of $46.99 billion. During the same quarter last year, the firm posted $2.48 earnings per share. Chevron’s revenue was down 1.9% on a year-over-year basis. Sell-side analysts predict that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th were issued 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 4.4%. Chevron’s dividend payout ratio (DPR) is presently 96.20%.

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.