Howland Capital Management LLC Acquires 11,794 Shares of Chevron Corporation $CVX

Howland Capital Management LLC increased its stake in shares of Chevron Corporation (NYSE:CVX) by 8.5% in the third quarter, HoldingsChannel reports. The firm owned 151,032 shares of the oil and gas company’s stock after buying an additional 11,794 shares during the period. Howland Capital Management LLC’s holdings in Chevron were worth $23,454,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CVX. Perigon Wealth Management LLC lifted its stake in Chevron by 19.3% in the third quarter. Perigon Wealth Management LLC now owns 73,448 shares of the oil and gas company’s stock valued at $11,406,000 after acquiring an additional 11,875 shares during the last quarter. New York State Teachers Retirement System lifted its stake in shares of Chevron by 15.3% in the 3rd quarter. New York State Teachers Retirement System now owns 1,620,231 shares of the oil and gas company’s stock valued at $251,606,000 after purchasing an additional 215,345 shares during the last quarter. Solitude Financial Services boosted its holdings in Chevron by 8.2% in the second quarter. Solitude Financial Services now owns 25,325 shares of the oil and gas company’s stock worth $3,626,000 after purchasing an additional 1,913 shares in the last quarter. Pictet North America Advisors SA bought a new stake in Chevron in the third quarter worth $5,662,000. Finally, Shell Asset Management Co. raised its holdings in Chevron by 21.4% during the second quarter. Shell Asset Management Co. now owns 51,115 shares of the oil and gas company’s stock valued at $7,319,000 after buying an additional 9,002 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Chevron Price Performance

Shares of Chevron stock opened at $166.27 on Friday. 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 company has a market cap of $334.79 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 10.29 and a beta of 0.70. The firm has a fifty day moving average price of $153.46 and a two-hundred day moving average price of $154.22. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $169.37.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the previous year, the firm posted $2.48 EPS. The business’s revenue was down 1.9% compared to the same quarter last year. Analysts expect that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th were issued a $1.71 dividend. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $6.84 annualized dividend and a yield of 4.1%. Chevron’s dividend payout ratio is 96.20%.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron took a Final Investment Decision (FID) to expand the Leviathan offshore gas platform, adding wells and capacity to send more gas to Israel, Egypt and Jordan — a concrete growth project that should strengthen Chevron’s Eastern Mediterranean gas production and near‑term cash flow. Reuters: Chevron takes final investment decision on Leviathan gas expansion
• Positive Sentiment: Multiple outlets report Chevron is likely to receive an expanded U.S. license to operate in Venezuela, which — if finalized and implemented — would enable higher production and exports from a large resource basin and materially improve future production upside. Reuters: Chevron expected to receive expanded Venezuela license
• Neutral Sentiment: Republican bill H.R.7084 (Defending American Property Abroad Act) would give the U.S. government additional tools related to ports and assets seized by foreign states — could be helpful for U.S. companies with expropriation risk, but timing and use of the law are uncertain. QuiverQuant: H.R.7084 summary
• Neutral Sentiment: Investor commentary and screening pieces are flagging Chevron as a dividend and income name worth buying on weakness — supportive to longer‑term demand for the stock but less relevant to near‑term price moves. Seeking Alpha: Buy the dip — dividend growth stocks
• Negative Sentiment: New legislation proposed (H.R.7094, No Aid for Russian Energy Act) would restrict U.S. persons and parent companies from supplying equipment/services to Russia’s energy sector — a potential regulatory headwind for U.S. majors with any exposure or plans tied to Russia. QuiverQuant: H.R.7094 summary
• Negative Sentiment: Insider selling: an executive sold 3,200 shares at roughly $168 — common but can be interpreted as a modest near‑term negative signal to sentiment. SEC Form 4: insider sale
• Negative Sentiment: Oil prices slipped after an easing of Iran‑related geopolitical risk, which pressures upstream margins and can temper short‑term earnings for integrated majors including Chevron. Barron’s: Oil prices fall as Iran tensions ease

Insider Transactions at Chevron

In related news, Director John B. Hess sold 275,000 shares of the company’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 in the company, valued at approximately $170,052,783.75. This represents a 19.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Eimear P. Bonner sold 28,334 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $165.05, for a total value of $4,676,526.70. Following the completion of the transaction, the chief financial officer directly owned 4,366 shares of the company’s stock, valued at approximately $720,608.30. This trade represents a 86.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 635,190 shares of company stock worth $100,254,408 over the last 90 days. Insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Chevron in a research note on Wednesday, October 8th. Scotiabank reaffirmed a “sector perform” rating and set a $168.00 target price on shares of Chevron in a research report on Friday. Bank of America dropped their price target on shares of Chevron from $183.00 to $180.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Morgan Stanley boosted their price objective on shares of Chevron from $177.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, November 13th. Finally, Freedom Capital lowered shares of Chevron from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $168.27.

Chevron Company 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.