Everett Harris & Co. CA Sells 6,351 Shares of Chevron Corporation $CVX

Everett Harris & Co. CA trimmed its stake in Chevron Corporation (NYSE:CVX) by 1.1% in the third quarter, HoldingsChannel.com reports. The firm owned 556,668 shares of the oil and gas company’s stock after selling 6,351 shares during the period. Chevron accounts for about 1.1% of Everett Harris & Co. CA’s investment portfolio, making the stock its 20th largest holding. Everett Harris & Co. CA’s holdings in Chevron were worth $86,445,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CVX. Berkshire Hathaway Inc raised its position in shares of Chevron by 2.9% during the second quarter. Berkshire Hathaway Inc now owns 122,064,792 shares of the oil and gas company’s stock worth $17,478,458,000 after acquiring an additional 3,454,258 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Chevron by 4.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 34,772,753 shares of the oil and gas company’s stock valued at $4,979,255,000 after acquiring an additional 1,342,723 shares during the last quarter. Fisher Asset Management LLC increased its position in Chevron by 1.9% during the 2nd quarter. Fisher Asset Management LLC now owns 20,826,805 shares of the oil and gas company’s stock valued at $2,982,190,000 after purchasing an additional 378,936 shares during the period. Bank of New York Mellon Corp raised its holdings in Chevron by 27.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 19,627,146 shares of the oil and gas company’s stock worth $3,047,900,000 after purchasing an additional 4,279,918 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Chevron in the 2nd quarter worth approximately $2,721,477,000. 72.42% of the stock is owned by institutional investors and hedge funds.

Chevron Price Performance

Shares of CVX opened at $171.15 on Friday. The business’s fifty day moving average is $155.87 and its 200 day moving average is $155.24. Chevron Corporation has a 12-month low of $132.04 and a 12-month high of $174.92. 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 stock has a market cap of $344.60 billion, a P/E ratio of 24.07, a P/E/G ratio of 11.83 and a beta of 0.70.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.85 EPS for the quarter, beating 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 business had revenue of $48.17 billion during the quarter, compared to analyst estimates of $46.99 billion. During the same quarter in the previous year, the business posted $2.48 EPS. Chevron’s quarterly revenue was down 1.9% on a year-over-year basis. Sell-side analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron plans to boost Venezuelan crude exports to the U.S. to ~300k barrels per day in March, which would increase feedstock volumes and near-term cash generation for its trading/marketing and refining exposures. Article Title
• Positive Sentiment: Analysts remain constructive: BMO reiterated a Buy citing Permian well performance and longer-term production visibility; other shops (RBC, DBS) have maintained or issued Buy ratings — supporting investor sentiment and the stock multiple. Article Title
• Positive Sentiment: Geopolitical risk is lifting oil prices (Iran tensions / U.S. naval movements), a tailwind for integrated oil majors’ earnings and dividend support that benefits Chevron’s stock sentiment. Article Title
• Positive Sentiment: Large institutional investors have been accumulating Chevron, which can underpin share demand and limit downside during earnings volatility. Article Title
• Neutral Sentiment: Market is focused on Chevron’s upcoming Q4 report — previews and analyst notes are circulating but consensus is mixed; this makes near-term moves earnings-driven rather than purely fundamentals-driven. Article Title
• Neutral Sentiment: Kazakhstan officials say Chevron has pledged reliable, safe operations at the Tengiz field — operational reassurance but not a major near-term catalyst. Article Title
• Negative Sentiment: Quarterly previews (Seeking Alpha and others) flag an expected sharp slide in Q4 profit vs. year-ago levels — that downside to near-term earnings could cap upside unless Chevron provides encouraging guidance. Article Title
• Negative Sentiment: Political and strategic debates over investing in Venezuela create policy and reputational risk, and Wall Street’s push for spending discipline means management faces conflicting pressures on capital allocation. Article Title

Insider Buying and Selling at Chevron

In related news, CEO Michael K. Wirth sold 320,700 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 14,450 shares in the company, valued at $2,355,205.50. This represents a 95.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Eimear P. Bonner sold 28,334 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief financial officer directly owned 4,366 shares in the company, valued at approximately $720,608.30. The trade was a 86.65% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 635,190 shares of company stock valued at $100,254,408. Insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CVX shares. JPMorgan Chase & Co. upgraded shares of Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price objective for the company in a research report on Tuesday, January 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Chevron in a report on Wednesday, January 21st. Sanford C. Bernstein boosted their price objective on Chevron from $170.00 to $172.00 and gave the company a “market perform” rating in a research note on Monday, January 5th. Zacks Research upgraded Chevron from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 23rd. Finally, Morgan Stanley lowered their target price on Chevron from $180.00 to $174.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $170.00.

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.