Tokio Marine Asset Management Co. Ltd. Purchases 9,240 Shares of Chevron Corporation $CVX

Tokio Marine Asset Management Co. Ltd. lifted its position in Chevron Corporation (NYSE:CVX) by 11.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,887 shares of the oil and gas company’s stock after acquiring an additional 9,240 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Chevron were worth $13,493,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CVX. Kera Capital Partners Inc. boosted its position in shares of Chevron by 37.7% during the second quarter. Kera Capital Partners Inc. now owns 1,680 shares of the oil and gas company’s stock valued at $241,000 after buying an additional 460 shares during the period. Salem Investment Counselors Inc. lifted its stake in shares of 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 worth $4,423,000 after acquiring an additional 102 shares during the last quarter. GK Wealth Management LLC boosted its holdings in Chevron by 10.2% during the 2nd quarter. GK Wealth Management LLC now owns 3,405 shares of the oil and gas company’s stock valued at $488,000 after acquiring an additional 315 shares during the period. Gradient Investments LLC grew its position in Chevron by 9.9% in the 2nd quarter. Gradient Investments LLC now owns 317,405 shares of the oil and gas company’s stock valued at $45,449,000 after acquiring an additional 28,496 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC increased its stake in Chevron by 23.7% in the second quarter. Heartwood Wealth Advisors LLC now owns 8,378 shares of the oil and gas company’s stock worth $1,200,000 after purchasing an additional 1,605 shares during the period. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron News Roundup

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 Price Performance

Shares of CVX opened at $162.36 on Tuesday. The company has a market cap 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. Chevron Corporation has a twelve month low of $132.04 and a twelve month high of $168.96. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.19. The company has a 50 day moving average of $152.48 and a two-hundred day moving average of $153.68.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.71 by $0.14. The firm had revenue of $48.17 billion during the quarter, compared to analyst estimates of $46.99 billion. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.48 EPS. As a group, analysts predict that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The firm 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. This represents a $6.84 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Tuesday, November 18th. Chevron’s dividend payout ratio (DPR) is currently 96.20%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CVX. Morgan Stanley boosted their target price on shares of Chevron from $177.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, November 13th. Freedom Capital cut shares of Chevron from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. Citigroup reduced 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chevron in a research note on Wednesday, October 8th. Finally, Mizuho increased their price objective on Chevron from $204.00 to $206.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Chevron currently has an average rating of “Hold” and a consensus target price of $167.14.

Insiders Place Their Bets

In other news, Director John B. Hess sold 275,000 shares of Chevron stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $150.75, for a total transaction of $41,456,250.00. Following the completion of the sale, the director directly owned 1,128,045 shares in the company, valued at approximately $170,052,783.75. The trade was a 19.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael K. Wirth sold 320,700 shares of the company’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $162.99, for a total value of $52,270,893.00. Following the completion of the transaction, the chief executive officer directly owned 14,450 shares in the company, valued at approximately $2,355,205.50. The trade was a 95.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 631,990 shares of company stock worth $99,716,808 over the last ninety days. Insiders own 0.20% of the company’s stock.

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.