Chevron Corporation $CVX Shares Bought by Allen Capital Group LLC

Allen Capital Group LLC increased its holdings in Chevron Corporation (NYSE:CVX) by 8.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,308 shares of the oil and gas company’s stock after acquiring an additional 3,733 shares during the quarter. Allen Capital Group LLC’s holdings in Chevron were worth $7,657,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CVX. New Republic Capital LLC raised its holdings in Chevron by 14.9% in the third quarter. New Republic Capital LLC now owns 4,430 shares of the oil and gas company’s stock valued at $688,000 after acquiring an additional 573 shares in the last quarter. Kiker Wealth Management LLC increased its position in shares of Chevron by 282.1% in the 3rd quarter. Kiker Wealth Management LLC now owns 7,161 shares of the oil and gas company’s stock worth $1,112,000 after purchasing an additional 5,287 shares during the last quarter. Prosperitas Financial LLC raised its stake in shares of Chevron by 5.2% in the 3rd quarter. Prosperitas Financial LLC now owns 27,497 shares of the oil and gas company’s stock valued at $4,270,000 after purchasing an additional 1,361 shares in the last quarter. West Wealth Group LLC raised its stake in shares of Chevron by 19.8% in the 3rd quarter. West Wealth Group LLC now owns 1,914 shares of the oil and gas company’s stock valued at $291,000 after purchasing an additional 316 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of Chevron by 2.5% during the third quarter. Janney Montgomery Scott LLC now owns 1,236,003 shares of the oil and gas company’s stock worth $191,939,000 after purchasing an additional 30,042 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is accelerating Venezuelan crude exports to relieve storage constraints and could unlock up to ~$700 million in annual cash flow if operations scale, a near-term boost to free cash flow assumptions. Chevron Bets on Venezuela Oil to Unlock Up to $700M in Cash Flow
• Positive Sentiment: Sources say a consortium including Chevron-Quantum and Carlyle are frontrunners for global Lukoil assets—an acquisition could add low-decline, producing barrels and strategic reserves exposure if cleared by regulators. Carlyle, Chevron-Quantum partnership among frontrunners for Lukoil assets, sources say
• Positive Sentiment: Political upheaval in Venezuela and comments by U.S. leadership about opening Venezuelan reserves to U.S. majors have driven expectations that Exxon and Chevron could gain long-term access to very large reserves, supporting upside to production forecasts over time. How Chevron played the long game for Venezuela’s oil reserves
• Neutral Sentiment: Macro/geopolitical coverage (defense/energy reaction) frames the Venezuela events as a potential multi-industry catalyst; this may drive short-term flows into energy and defense stocks but outcome remains uncertain. Defense Stocks Surge As The U.S. Reasserts Power In Latin America
• Neutral Sentiment: Brokerage consensus remains cautious (consensus “Hold”), reflecting mixed upside from asset access but also higher capex and political risk; analysts expect ~10.8 EPS for the year but valuation and guidance will be key. Chevron Corporation (NYSE:CVX) Receives Consensus Recommendation of “Hold” from Brokerages
• Negative Sentiment: Pressure from the White House to invest in Venezuela and talk of $50/bbl policy targets raise the prospect of large, politically-driven capital commitments and lower near-term realized pricing—both can compress margins and require heavy up-front spending. Venezuela: Mostly Questions, Few Answers

Chevron Stock Performance

Shares of CVX opened at $162.36 on Tuesday. The firm has a fifty day moving average of $152.48 and a 200-day moving average of $153.68. The company has a market cap of $326.91 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 10.19 and a beta of 0.70. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15. Chevron Corporation has a 1 year low of $132.04 and a 1 year high of $168.96.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.85 EPS 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 net margin of 6.57% and a return on equity of 8.74%. Chevron’s revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.48 earnings per share. As a group, equities analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current year.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th were given a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Tuesday, November 18th. Chevron’s payout ratio is 96.20%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CVX shares. Barclays lowered their price objective on Chevron from $160.00 to $158.00 and set an “equal weight” rating for the company in a report on Tuesday, October 7th. UBS Group reiterated a “buy” rating on shares of Chevron in a research report on Monday, December 1st. Wall Street Zen downgraded Chevron from a “hold” rating to a “sell” rating in a report on Saturday. Raymond James Financial restated an “outperform” rating and set a $160.00 price objective (down from $170.00) on shares of Chevron in a research note on Friday, October 17th. Finally, Bank of America decreased their price objective on shares of Chevron from $183.00 to $180.00 and set a “buy” rating for the company in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $167.14.

Insiders Place Their Bets

In related news, CEO Michael K. Wirth sold 320,700 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $162.99, for a total value of $52,270,893.00. Following the completion of the sale, the chief executive officer owned 14,450 shares of the company’s stock, valued at $2,355,205.50. This represents a 95.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John B. Hess sold 275,000 shares of the stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $150.75, for a total transaction of $41,456,250.00. Following the completion of the transaction, the director owned 1,128,045 shares of the company’s stock, valued at $170,052,783.75. This represents a 19.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 631,990 shares of company stock worth $99,716,808. Insiders own 0.20% of the company’s stock.

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.