Global Wealth Management Investment Advisory Inc. Has $11.28 Million Stock Position in Chevron Corporation $CVX

Global Wealth Management Investment Advisory Inc. lifted its holdings in shares of Chevron Corporation (NYSE:CVX) by 7.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,617 shares of the oil and gas company’s stock after acquiring an additional 4,730 shares during the period. Chevron makes up 1.9% of Global Wealth Management Investment Advisory Inc.’s holdings, making the stock its 15th biggest holding. Global Wealth Management Investment Advisory Inc.’s holdings in Chevron were worth $11,277,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Salem Investment Counselors Inc. lifted its stake in Chevron by 0.3% during the 2nd quarter. Salem Investment Counselors Inc. now owns 30,887 shares of the oil and gas company’s stock valued at $4,423,000 after acquiring an additional 102 shares in the last quarter. Apella Capital LLC raised its holdings in shares of Chevron by 40.1% in the second quarter. Apella Capital LLC now owns 14,680 shares of the oil and gas company’s stock valued at $2,164,000 after purchasing an additional 4,203 shares during the last quarter. Davis Investment Partners LLC lifted its position in shares of Chevron by 5.5% during the second quarter. Davis Investment Partners LLC now owns 6,228 shares of the oil and gas company’s stock valued at $907,000 after purchasing an additional 322 shares in the last quarter. Juncture Wealth Strategies LLC boosted its holdings in Chevron by 8.3% during the second quarter. Juncture Wealth Strategies LLC now owns 4,466 shares of the oil and gas company’s stock worth $639,000 after purchasing an additional 343 shares during the last quarter. Finally, Strategic Advocates LLC grew its position in Chevron by 3.8% in the 2nd quarter. Strategic Advocates LLC now owns 2,789 shares of the oil and gas company’s stock worth $399,000 after purchasing an additional 101 shares in the last quarter. Institutional investors own 72.42% of the company’s stock.

Insider Buying and Selling at Chevron

In other Chevron news, insider Alana K. Knowles sold 7,956 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $165.05, for a total transaction of $1,313,137.80. Following the sale, the insider owned 1,207 shares in the company, valued at $199,215.35. This represents a 86.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John B. Hess sold 275,000 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $150.75, for a total value of $41,456,250.00. Following the completion of the transaction, the director directly owned 1,128,045 shares of the company’s stock, valued at $170,052,783.75. The trade was a 19.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 631,990 shares of company stock valued at $99,716,808. 0.20% of the stock is owned by corporate insiders.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is in talks to expand its oil license in Venezuela, positioning the company to increase production access in a large, underdeveloped hydrocarbon basin if negotiations succeed. Chevron (CVX) in Talks to Expand Oil License in Venezuela
• Positive Sentiment: Analysts and outlets highlight Chevron as a high-yield energy pick as oil rallies, which supports the stock as an income play and can attract dividend-seeking investors. Oil Is Surging Over $60 – Grab These Large Cap High-Yield Dividend Energy Giants Now
• Positive Sentiment: Fund manager Stephanie Link publicly added to Chevron on CNBC, a visible vote of confidence that can prompt follow-on buying from institutional and retail investors. Trade Tracker: Stephanie Link buys more Chevron
• Positive Sentiment: Chevron says accelerating Venezuelan crude exports could unlock up to ~$700M in annual cash flow by easing storage bottlenecks — a tangible near-term earnings/cash-flow catalyst if realized. Chevron Bets on Venezuela Oil to Unlock Up to $700M in Cash Flow
• Neutral Sentiment: Chevron is reported as part of a bidding/partnership group among frontrunners for Lukoil’s global assets — a move that could expand reserves and international scale but faces regulatory, sanction and execution uncertainty. Carlyle, Chevron-Quantum partnership among frontrunners for Lukoil assets, sources say
• Neutral Sentiment: Coverage pieces (Undercovered Dozen, Dogs of the Dow lists) raise visibility among value/dividend investors but are not immediate operational catalysts. Undercovered Dozen: Chevron, Coherent, Barrick Mining And More The Dogs of the Dow: 10 Downtrodden Dividends Paying Out Up to 6.8%
• Negative Sentiment: Geopolitical instability in Venezuela (reports of violence and U.S. involvement) raises operational, reputational and legal risks for expanding activity there; any deterioration could disrupt projects or trigger sanctions concerns. How Chevron played the long game for Venezuela’s oil reserves Defense Stocks Surge As The U.S. Reasserts Power In Latin America

Chevron Stock Performance

Shares of CVX opened at $163.66 on Wednesday. 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 current ratio of 1.15 and a quick ratio of 0.86. The stock’s fifty day moving average price is $152.68 and its two-hundred day moving average price is $153.82. The firm has a market cap of $329.53 billion, a PE ratio of 23.02, a PEG ratio of 10.20 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 the consensus estimate of $1.71 by $0.14. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The company had revenue of $48.17 billion during the quarter, compared to the consensus estimate of $46.99 billion. During the same quarter in the prior year, the company earned $2.48 EPS. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, equities research analysts forecast that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Dividend Announcement

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

Analyst Ratings Changes

Several research firms have commented on CVX. BMO Capital Markets reissued an “outperform” rating on shares of Chevron in a research report on Thursday, January 8th. Bank of America decreased their price target on Chevron from $183.00 to $180.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. Wall Street Zen cut Chevron from a “hold” rating to a “sell” rating in a research report on Saturday. Citigroup reduced their price objective on Chevron from $185.00 to $179.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Finally, Scotiabank lifted their target price on Chevron from $160.00 to $165.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $167.14.

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.