Janney Montgomery Scott LLC Has $191.94 Million Stock Position in Chevron Corporation $CVX

Janney Montgomery Scott LLC increased its position in Chevron Corporation (NYSE:CVX) by 2.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,236,003 shares of the oil and gas company’s stock after purchasing an additional 30,042 shares during the period. Janney Montgomery Scott LLC’s holdings in Chevron were worth $191,939,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Quaker Wealth Management LLC grew its stake in Chevron by 197.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock valued at $31,000 after acquiring an additional 439 shares in the last quarter. Vermillion & White Wealth Management Group LLC boosted its holdings in shares of Chevron by 86.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 118 shares during the period. Marquette Asset Management LLC purchased a new position in Chevron during the third quarter valued at approximately $41,000. IMG Wealth Management Inc. increased its stake in Chevron by 52.3% in the 2nd quarter. IMG Wealth Management Inc. now owns 265 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 91 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC lifted its position in Chevron by 306.1% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 268 shares of the oil and gas company’s stock worth $42,000 after buying an additional 202 shares in the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Chevron

In related news, CFO Eimear P. Bonner sold 28,334 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $165.05, for a total transaction of $4,676,526.70. Following the transaction, the chief financial officer owned 4,366 shares of the company’s stock, valued at approximately $720,608.30. The trade was a 86.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Alana K. Knowles sold 7,956 shares of the company’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $165.05, for a total transaction of $1,313,137.80. Following the transaction, the insider owned 1,207 shares of the company’s stock, valued at approximately $199,215.35. The trade was a 86.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 631,990 shares of company stock worth $99,716,808. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CVX. Morgan Stanley lifted their price target on Chevron from $177.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, November 13th. UBS Group reaffirmed a “buy” rating on shares of Chevron in a research report on Monday, December 1st. Citigroup decreased their target price on shares of Chevron from $185.00 to $179.00 and set a “buy” rating for the company in a research report on Monday, January 5th. BMO Capital Markets restated an “outperform” rating on shares of Chevron in a report on Thursday. Finally, Barclays decreased their price objective on shares of Chevron from $160.00 to $158.00 and set an “equal weight” rating for the company in a report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $167.14.

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 Up 0.2%

CVX stock opened at $162.36 on Tuesday. The stock has a market capitalization 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 50-day moving average of $152.48 and a two-hundred day moving average of $153.68. Chevron Corporation has a 52-week low of $132.04 and a 52-week 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.

Chevron (NYSE:CVX) last posted its quarterly earnings data 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. The business had revenue of $48.17 billion during the quarter, compared to analysts’ expectations of $46.99 billion. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The firm’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.48 EPS. As a group, equities research analysts anticipate that Chevron Corporation will post 10.79 EPS for the current year.

Chevron Announces Dividend

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

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.