Daiwa Securities Group Inc. Increases Stake in Chevron Corporation $CVX

Daiwa Securities Group Inc. lifted its stake in Chevron Corporation (NYSE:CVX) by 1.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 393,838 shares of the oil and gas company’s stock after purchasing an additional 4,580 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Chevron were worth $60,025,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CVX. Dakota Wealth Management grew its stake in shares of Chevron by 14.9% during the 4th quarter. Dakota Wealth Management now owns 83,265 shares of the oil and gas company’s stock worth $12,690,000 after purchasing an additional 10,822 shares during the period. Brooklyn FI LLC acquired a new stake in shares of Chevron during the 3rd quarter worth approximately $431,000. Clear Trail Advisors LLC acquired a new stake in shares of Chevron during the 4th quarter worth approximately $10,167,000. Finemark National Bank & Trust grew its stake in shares of Chevron by 40.3% during the 3rd quarter. Finemark National Bank & Trust now owns 56,535 shares of the oil and gas company’s stock worth $8,779,000 after purchasing an additional 16,243 shares during the period. Finally, Curtis Advisory Group LLC acquired a new stake in shares of Chevron during the 4th quarter worth approximately $1,381,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chevron

In other Chevron news, insider R. Hewitt Pate sold 40,200 shares of Chevron stock in a transaction on Monday, March 30th. The shares were sold at an average price of $213.30, for a total transaction of $8,574,660.00. Following the sale, the insider owned 8,638 shares of the company’s stock, valued at $1,842,485.40. The trade was a 82.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John B. Hess sold 380,000 shares of Chevron stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $193.20, for a total transaction of $73,416,000.00. Following the sale, the director directly owned 278,045 shares in the company, valued at approximately $53,718,294. This trade represents a 57.75% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 615,200 shares of company stock worth $118,022,760. 0.56% of the stock is currently owned by corporate insiders.

Chevron Price Performance

Chevron stock opened at $188.35 on Friday. The company’s fifty day moving average price is $191.01 and its 200 day moving average price is $176.74. Chevron Corporation has a 1 year low of $136.70 and a 1 year high of $214.71. The stock has a market capitalization of $375.11 billion, a P/E ratio of 32.64, a P/E/G ratio of 0.63 and a beta of 0.48. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.09.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.41. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The firm had revenue of $47.56 billion for the quarter, compared to analysts’ expectations of $51.86 billion. During the same quarter last year, the company earned $2.18 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Chevron Corporation will post 15.74 earnings per share for the current fiscal year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 19th will be paid a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, May 19th. Chevron’s payout ratio is 123.40%.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron was highlighted as a durable long-term energy compounder, with analysts pointing to its scale, low exposure to the Middle East, attractive dividend profile, and the expected benefits from the Hess acquisition and a new long-term gas supply deal tied to AI data-center demand. Article Title
• Positive Sentiment: Chevron’s Argentina expansion plans could add meaningful growth, as the company seeks tax-incentive approval for a $13.8 billion Vaca Muerta investment, signaling confidence in a major shale asset and potential long-term production upside. Article Title
• Positive Sentiment: Chevron was also mentioned in a broader market piece as an energy stock benefiting from higher oil prices and Middle East tensions, which have supported the sector relative to the rest of the market. Article Title
• Neutral Sentiment: At a Bernstein conference, Chevron presented on its strategy, but the available summary did not include any new material catalyst strong enough to clearly move the stock. Article Title
• Negative Sentiment: Chevron’s CEO said the company will not deploy fresh capital in Venezuela next year unless the country lowers taxes and royalties, which underscores political and fiscal risk in that region and could delay investment there. Article Title
• Negative Sentiment: Chevron’s CEO also struck a cautious tone on oil investment and the economy, reflecting uncertainty around commodity prices and the broader macro backdrop. Article Title

Analyst Upgrades and Downgrades

CVX has been the topic of a number of analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $220.00 price objective on shares of Chevron in a research note on Tuesday, May 5th. Tudor Pickering raised shares of Chevron from a “hold” rating to a “buy” rating and set a $225.00 price objective on the stock in a research note on Thursday, April 9th. TD Cowen raised their price objective on shares of Chevron from $204.00 to $205.00 and gave the stock a “hold” rating in a research note on Friday, May 8th. Barclays raised their price objective on shares of Chevron from $192.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. Finally, Sanford C. Bernstein dropped their price objective on shares of Chevron from $216.00 to $204.00 and set a “market perform” rating on the stock in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.70.

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.