Cambiar Investors LLC Buys 91,027 Shares of Chevron Corporation $CVX

Cambiar Investors LLC boosted its position in Chevron Corporation (NYSE:CVX) by 35.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 350,028 shares of the oil and gas company’s stock after purchasing an additional 91,027 shares during the period. Chevron makes up about 2.5% of Cambiar Investors LLC’s portfolio, making the stock its 8th largest holding. Cambiar Investors LLC’s holdings in Chevron were worth $54,356,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Patton Fund Management Inc. acquired a new position in shares of Chevron in the 2nd quarter worth approximately $227,000. Sound Income Strategies LLC lifted its stake in Chevron by 16.2% during the second quarter. Sound Income Strategies LLC now owns 6,378 shares of the oil and gas company’s stock valued at $913,000 after purchasing an additional 888 shares during the last quarter. Claris Advisors LLC MO boosted its holdings in Chevron by 9.2% during the second quarter. Claris Advisors LLC MO now owns 2,467 shares of the oil and gas company’s stock worth $353,000 after buying an additional 208 shares in the last quarter. Kavar Capital Partners Group LLC grew its position in Chevron by 3.5% in the second quarter. Kavar Capital Partners Group LLC now owns 23,294 shares of the oil and gas company’s stock worth $3,335,000 after buying an additional 784 shares during the last quarter. Finally, LexAurum Advisors LLC increased its holdings in shares of Chevron by 17.3% in the second quarter. LexAurum Advisors LLC now owns 12,710 shares of the oil and gas company’s stock valued at $1,820,000 after buying an additional 1,872 shares in the last quarter. 72.42% of the stock is owned by institutional investors.

Chevron Stock Performance

CVX stock opened at $169.03 on Wednesday. The firm has a 50 day simple moving average of $155.08 and a 200 day simple moving average of $155.03. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $169.37. The stock has a market cap of $340.35 billion, a P/E ratio of 23.77, a P/E/G ratio of 11.83 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 (NYSE:CVX) last released its earnings results on Friday, October 31st. The oil and gas company reported $1.85 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $46.99 billion. During the same quarter in the prior year, the firm earned $2.48 EPS. The company’s revenue was down 1.9% compared to the same quarter last year. Research analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th were given a dividend of $1.71 per share. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $6.84 dividend on an annualized basis and a yield of 4.0%. Chevron’s dividend payout ratio (DPR) is presently 96.20%.

Insider Transactions at Chevron

In other Chevron news, CFO Eimear P. Bonner sold 28,334 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 4,366 shares of the company’s stock, valued at $720,608.30. This represents a 86.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Alana K. Knowles sold 7,956 shares of Chevron stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $165.05, for a total value of $1,313,137.80. Following the sale, the insider owned 1,207 shares of the company’s stock, valued at approximately $199,215.35. This represents a 86.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 635,190 shares of company stock worth $100,254,408. 0.20% of the stock is owned by company insiders.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Board strengthening — Chevron added Thomas W. Horton, a former American Airlines CEO and partner at Global Infrastructure Partners, to its board and Audit Committee, boosting financial and governance expertise that can support investor confidence. Thomas W. Horton joins Chevron’s Board of Directors
• Positive Sentiment: Exploration upside — Chevron-led JV reported a “significant” offshore oil discovery in Nigeria, which could add near- to medium-term production optionality and reserve value if developed. Chevron-led JV makes ‘significant’ oil discovery offshore Nigeria
• Positive Sentiment: Libya re-entry — Chevron signed an MoU with Libya’s National Oil Corporation to explore oil and gas opportunities, reopening access to a market it has largely avoided for over a decade. That expands upstream growth avenues. Chevron Signs MoU With Libya’s NOC to Boost Oil and Gas Exploration
• Neutral Sentiment: Near-term focus on earnings — Analysts and outlets are positioning around Chevron’s Q4 results due Jan. 30; commentary highlights steady cash generation but suggests limited near-term upside absent stronger commodity moves. That frames investor expectations. Here’s How to Play Chevron Stock Before Q4 Earnings Release
• Neutral Sentiment: Positive media mention — Jim Cramer reiterated favor for Chevron as a consistent cash generator, a sentiment that can support retail interest but is not a material driver on its own. Jim Cramer on Chevron: “It’s been my favorite for a very long time because it’s so darn consistent”
• Negative Sentiment: Deal risk on West Qurna-2 — Reuters reports Chevron is seeking improved commercial terms from Iraq before taking over Lukoil’s stake in the West Qurna-2 field. That negotiation could delay the asset transfer or reduce near-term upside if terms aren’t improved. Exclusive: Chevron seeks better terms from Iraq before taking over Lukoil oilfield, sources say
• Negative Sentiment: Regulatory exposure — Chevron has ramped Venezuelan oil shipments while U.S. oversight tightens; that increases near-term compliance and political risk which could complicate volumes or timing. Chevron ramps up Venezuelan oil shipments as US tightens control

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CVX shares. Scotiabank reissued a “sector perform” rating and set a $168.00 price objective on shares of Chevron in a research note on Friday, January 16th. Wells Fargo & Company increased their price target on Chevron from $190.00 to $196.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. Barclays boosted their price objective on Chevron from $158.00 to $166.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 21st. Hsbc Global Res raised shares of Chevron from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 1st. Finally, Citigroup dropped their target price on shares of Chevron from $185.00 to $179.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $170.00.

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.